Chartists..the great backfitters of market action. The financial beatings will continue until morale improves or until enough idiotic voters are beaten down enough to cry Uncle!, and try something different. As Glenn Reynolds has so often put it...we're paying for our poor choices "good and hard". The markets as usual will sniff out a turn before its obvious, likely when or IF a Democratic mid-term drubbing is a fait accompli, but given the misdirection in our last national election, that may not happen until very late this time. Of course the leftists could turn it around with enough giveaways or steal it again with enough skullduggery, and maybe we'd end up seeing the S&P reach the 2000's
Even if they did, none of it will get past Brandon's veto. The best we can hope for from a Republican congress will be some substantial effort to harass the executive branch to minimize the damage it does until 2024,
I think you should comment on the BRICS nations turning away from the dollar, along with the Saudis. This, IMHO, would be extremely ominous for the US economy.
There appear to be a LOT of dark clouds on the world's horizon, political as well as economic. Russia/Ukraine, China/Taiwan, F*** Joe Biden, all the internal corruption, the fact that we nearly increased the M1 supply 5 fold in less than a year in 2020, the fed seemingly committed to curbing inflation (wonder if it will blink, thank God J Yellen isn't still at the helm), so the markets are going to tank, including Bonds. Inflation is fixing to rage like we have never seen, even in the 70's, GDP is falling like a rock.
With all of these storm clouds brewing it would seemingly take a miracle for them all to pass without causing some serious storms.
It is possible that we are living our version of August of 1914, when WWI essentially blew up the existing world order. I am not saying we are facing WWIII, although that is certainly possible, but I do think we are entering a time when the world resets (hopefully not the way that the WEF wishes) and it certainly doesn't look like we in the US are poised to come out the better for it.
Top all of that off with the fact that our current elites and leaders, in both parties with rare exceptions on the R side, are filled with hubris and have no love of country and really believe they can control events on the world stage, and I think we are in for some rough waters.
Chartists..the great backfitters of market action. The financial beatings will continue until morale improves or until enough idiotic voters are beaten down enough to cry Uncle!, and try something different. As Glenn Reynolds has so often put it...we're paying for our poor choices "good and hard". The markets as usual will sniff out a turn before its obvious, likely when or IF a Democratic mid-term drubbing is a fait accompli, but given the misdirection in our last national election, that may not happen until very late this time. Of course the leftists could turn it around with enough giveaways or steal it again with enough skullduggery, and maybe we'd end up seeing the S&P reach the 2000's
I think it will take more than a midterm election change.
For another bull, no doubt. have to stop the hemorrhaging first.
You don't think Greene, Boebert, Gaetz, Hawley et. al. have a coherent growth plan just waiting to go?
Even if they did, none of it will get past Brandon's veto. The best we can hope for from a Republican congress will be some substantial effort to harass the executive branch to minimize the damage it does until 2024,
I think you should comment on the BRICS nations turning away from the dollar, along with the Saudis. This, IMHO, would be extremely ominous for the US economy.
There appear to be a LOT of dark clouds on the world's horizon, political as well as economic. Russia/Ukraine, China/Taiwan, F*** Joe Biden, all the internal corruption, the fact that we nearly increased the M1 supply 5 fold in less than a year in 2020, the fed seemingly committed to curbing inflation (wonder if it will blink, thank God J Yellen isn't still at the helm), so the markets are going to tank, including Bonds. Inflation is fixing to rage like we have never seen, even in the 70's, GDP is falling like a rock.
With all of these storm clouds brewing it would seemingly take a miracle for them all to pass without causing some serious storms.
It is possible that we are living our version of August of 1914, when WWI essentially blew up the existing world order. I am not saying we are facing WWIII, although that is certainly possible, but I do think we are entering a time when the world resets (hopefully not the way that the WEF wishes) and it certainly doesn't look like we in the US are poised to come out the better for it.
Top all of that off with the fact that our current elites and leaders, in both parties with rare exceptions on the R side, are filled with hubris and have no love of country and really believe they can control events on the world stage, and I think we are in for some rough waters.
Might as well add in the six other Deadly Sins along with Hubris.
The elites putting the almighty dollar before love of country is this country’s downfall.
And putting the almighty dollar before love of country while telling us they were acting in the best interests of the country..and us.
Capitalism uber Alles.