Time again to take out my crystal ball (or magic eight-ball) and have some fun predicting what will happen next year. These predictions are in no particular order (and please remember that these are predictions of what I think will happen, not necessarily what I want to happen);
to see how I did with my 2018 Top 10 Predictions.
I am honestly having a hard time finding a lot to be optimistic about, as I think 2019 will be very volatile and uncertain - politically, both here and abroad, economically and for the markets. There are not many people looking for compromise or bipartisanship, and I only see it getting worse. I hope that I am wrong!
10 - The Mueller investigation will conclude by the end of the first quarter. At least one Trump (not the President) will be indicted, and the real possibility of a constitutional crisis will emerge if the President pardons him (them). President Trump will not be indicted for collusion with Russia, but there will enough in the report (perhaps obstruction of justice or campaign finance violations or questionable actions concerning his businesses) to set the Democrats off and running toward impeachment even though he will not be indicted while in office. The Democrats have to be careful to act rationally and to continue to try to get legislation passed at the same time, or they will hurt themselves leading into 2020. Donald Trump will still be President at year-end.
Click here to read the full list.
9 - The only hope of getting any meaningful legislation done next year will occur early in the year before the Mueller investigation results become public. The most likely accomplishment would be an infrastructure bill, which would receive wide bipartisan support during the honeymoon period of Pelosi working with the Senate and the President. Once the report is completed/released, however, I think the rest of the year will be filled with partisan fighting, subpoenas, hearings, etc. I put the odds of even infrastructure legislation passing at less than 30%; the Democratic leadership distrusts the President and as more bad news links out about the Mueller probe the political pressure on them not to cooperate with the White House will increase.