Things may be coming to a head in British and US politics. Details emerging over President Donald Trump's interaction with Ukraine's leader could add more grist to impeachment proceedings against him. The last time a president was impeached - Bill Clinton in 1998 - it took 2-1/2 months between proceedings being brought and the eventual House vote to impeach him. So there's likely plenty more noise ahead.The other question is what UK Prime Minister Boris Johnson does next to carry out his 'no ifs, no buts' pledge to deliver Brexit by Oct. 31. His Conservative Party meets for its annual conference from Sunday to Wednesday - we might get a hint of how Johnson plans to obey the law and still take the UK out of the EU by Oct. 31.These events in two of the world's most hitherto stable democracies have pushed the World Economic Policy Uncertainty Index - a somewhat crude measure of news articles about economic and policy angst - to the highest in its 20-year history, or some 50% above levels touched during the 2008 financial crisis.US shares, bond yields and sterling have all fallen in the past week; the deepening political angst will keep investors on their toes.
from Economic Times https://ift.tt/2myMqsF
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