The Trouble With Wiretapping

It is the political controversy du jour out of Washington. On Saturday morning, the President of the United States engaged in his latest Twitter firestorm by declaring that he had been wiretapped by his predecessor. This assertion came in response to allegations by Democrats that members of the Trump administration have been engaging in improper contact with the Russians. Whether either side is right or wrong in this latest dust up remains to be seen. But it has an important spillover effect that is increasingly problematic for the U.S. stock market.

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