we ll see what jen psaki has to say when she takes questions and what president biden may know and did the justice tell the white house ahead of this. shannon bream is live, she s joining us now. great to see you on this breaking news, all sort of still taking this in and trying to predict what this means and what will happen next. real quickly, when mike davis joined us last hour, he seemed to make a suggestion about how this went down, listen. it is surprising that the white house, the biden white house let this announcement leak and they let it get out there before justice breyer had the chance to make the announcement, i think it was bad form. sandra: i followed up right away and said do you know that to be the case? and he said he has not put out a statement yet. you have to wonder where the leak came from. would not have come from the supreme court. so in the speculation phase, we have not received the formal statement from justice breyer s
“Speculation may be indulged when based on facts..”
Markets are full of noise about everything from inflation, risk, leverage and politics, but the reality is we are approaching “
Peak Speculation”. It doesn’t mean a crash in imminent, but that investment strategies and approaches are going to have to factor in a new reality, and be far more suspicious, questioning and smart as a new reality takes hold. The consequences of QE and other factors that fuelled the speculative age could be with us for decades.
Forgive me if this morning’s comment is disconnected, but I’m still catching up and trying to get to grips with what turned out to be the worst week for markets, oh, since the last worst week for markets, (back in Feb). There are just so many data-points, multiplicities of opinions, bear-traps, rumours and sighs, to consider…
lindsey graham about this idea of sessions being fired, removed from his attorney general post, we heard lindsey graham week, it would be a bad idea to fire him or put him in dhs. do you think the senate would try to stop a move if it were to go that direction? well, let me say we re in unchartered territory. this is in the speculation phase, this is not in the this is happening phase. i think it s important to say that stuff. but i would be surprised if the senate would get in the way of that. one of the reasons i think trump i m not sure totally anticipated this. one of the reasons it s proven harder to drive jeff sessions off harder than donald trump may have thought. he has a basis of support in the senate, you have susan collins to lindsey graham, conservative richard shelby from alabama. this is a good man, we don t like what s being done to him. then you have the conservative