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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (16395)9/13/1998 6:29:00 AM
From: John Hunt  Read Replies (1) of 18056
 
To Impeach Or Not Impeach ... Full Analysis Of Effects The Impeachment Process On Global Markets

gold-eagle.com

<< The more complex answer is, of course, not as simple as that which is expressed above. A drawn-out impeachment process will only add uncertainty in an already uncertain global environment. Impeachment, or even a scenario in which President Clinton remains in office as a very "dead duck" President stripped of power, would communicate a message to global investors that perhaps there are other choices besides the U.S. marketplace at a time when stability is of paramount importance. The impeachment process, which begins in the House of Representatives and would later be tried by the Senate, could stretch out until March of 1999, according to statements by some U.S. Congressmen. In this case, capital could make its way to Europe, or at least remain out of the U.S. market for longer than would otherwise be the case. >>



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