The border wall and the Fed's reaction funct…

Two issues I mentioned yesterday need some clarification. Trump will declare a state of emergency for the Wall The first is the shutdown. It's this quote that needs clarification: The longer the shutdown goes on, the more damage it will do. I see Trump caving eventually. If he doesn't, he will take huge knocks for his economic stewardship. And while the Congressional Democrats will also get some of the blame, it is Trump who has most to lose here, since the economy is his best issue.

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