“And as set forth in the report after that investigation, if we had had confidence that the President clearly did not commit a crime, we would have said so.
We did not, however, make a determination as to whether the president did commit a crime… It explains that under long-standing Department policy, a President cannot be charged with a federal crime while he is in office. That is unconstitutional.” – Robert Mueller, May 29, 2019
” Since it is the policy of Shitibank we cannot issue sell recommendations, we conclude that Bestla is not not a sell.” – Hypothetical “Bestla” Stock Analyst (see below)
He said what?
Whatever you want him to say. After all, we now live in a world of double negatives, alternative facts, and Orwellian doublespeak. There is no truth, no real facts. You make your own reality, no?
We don’t believe that stier scheisse, not for one second, and never will.
Making Money In The Political Minefields
We’re not afraid of the political minefields if our analysis is going to help us make money. We warned way ahead of time about the risks to a China trade deal and that the U.S. negotiating team was too optimistic about what was ultimately doable. See our February post here.
We also wrote of the coming domestic political instability, warning of the Summer of Discontent in both the U.S. and the United Kingdom.
In both cases, we took incoming that we are not on the home team’s side or that our analysis was all partisan nonsense. To that, we say nonsense to the nonsense comments. We now speak in double negatives.
What Did Mueller Say Today
So what was it that Mueller said today?
There are two major takeaway issues from today’s Mueller presser, which are very clear and unambiguous.
- The Russian military launched a “concerted attack” on the 2016 presidential election “to damage a presidential candidate,”
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I will close by reiterating the central allegation of our indictments — that there were multiple, systematic efforts to interference in our election. That allegation deserves the attention of every American. – Robert Mueller, May 29, 2018
. - Mueller never believed, ex-ante or ex-post the investigation, that he and his team could ever conclude or charge President Trump of committing a crime and were constrained by the “principles under which we [they] operated.” He clearly stated,
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And as set forth in the report after that investigation, if we had had confidence that the President clearly did not commit a crime, we would have said so.
We did not, however, make a determination as to whether the president did commit a crime. The introduction to the volume two of our report explains that decision. It explains that under long-standing Department policy, a President cannot be charged with a federal crime while he is in office. That is unconstitutional…The special counsel’s office is part of the Department of Justice and by regulation it was bound by that Department policy. Charging the president with a crime was, therefore, not an option we could consider. – Robert Mueller, May 29, 2019
Seeing And Hearing Mueller As A Financial Analyst
Because we view almost everything from an economic and financial perspective let us set up how we see it. We interpret Mueller with the following financial analogy:
For illustrious purposes, assume we are stock analysts at Shitibank and have just completed an exhaustive two-year study of Bestla, a domestic motorcycle manufacturer. The investment community is becoming very impatient and greatly anticipates our buy or sell recommendation.
Our conclusion,
Since it is the policy of Shitibank we cannot issue sell recommendations, we conclude that Bestla is not not a sell.
Let the tweets from Bestla CEO, Milon Eusk, begin.
Upshot
There you have it, folks, it’s up to you and Congress to interpret the special counsel’s double negative. If you have trouble, a symbolic logic course may help.
The impeachment market continues to march higher. Stock market volatility is picking up and the S&P is breaking down.
The Summer of Discontent is here. You were warned.
Global Macro Monitor 