If this pans out, it could be as important or more so than the government shutdown: Trumpian chaos reaches into monetary policy 1/ bloomberg.com/news/articles/…
While it is almost always a mistake to read too much into the stock market, you do have a sense that there's a new appreciation of political risk. For 2 years markets had a what-me-worry attitude: Trump might be crazy, but hey, he cut taxes 2/ 
But lately the markets seem nervous. It's not just that stocks are down; they're down despite big increases in after-tax profits 3/
At a guess, it's not just fear of what Trump might do, it's fear of what he might not do: if and when something goes wrong, he's likely to throw a temper tantrum rather than respond sensibly, and his advisors are the gang that couldn't think straight 4/
And would he even know that things were going wrong? Remember, a large part of the GOP insisted that there was no recession in 2008. Now the reality-based faction is gone; if markets are melting down, you know that Fox will focus on ... Hillary's emails. 5/
