Economist’s dire market warning over potential Trump conviction

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As America’s macroeconomic story has slowed quite considerably over the past year, one former White House adviser warned about 'the big risk' to financial stability.

A former White House adviser has warned that if Trump goes to prison as a result of the"conspiracy... to put him behind bars", it'll be one of the largest market impacts"we've ever seen".As America’s macroeconomic story has slowed quite considerably over the past year, one former White House adviser warned about"the big risk" to financial stability.

U.S. gross domestic product , the broadest measure of goods and services produced across the economy, grew by 1.6% on an annualized basis in the three-month period from January through March, the Commerce Department reported in its first reading of the data this year. "The thing that I'm really worried about, about short-term risk for the economy, is that the Democrats are serious in this lawfare," Hassett said,"and if they actually succeed, then imagine, it's like we become a banana republic the moment they take him to Rikers. And I just can't imagine what happens to Treasury markets that day."

 

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