Halloween Every Day

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“Beware the Jabberwock, my son!
The jaws that bite, the claws that catch!
I check the news every day as I have since Trump was elected. Its a rare day that the headline stories aren’t some form of horror story. But lets dissect this a bit deeper. There is a ton of noise and almost no signal. Here’s what I’ve come up with
1. Besides a giant tax windfall for the rich, the GOP and Trump have done less than zero
2. When the Federal Government was less than AWOL (they have gotten in the way), local and state government stepped up
3. The Depression bailout had limits and caveats where (again) rich people and corporations got what was a second giant tax bailout
That’s it – the wall isn’t being built and health care hasn’t been dismantled. Even the Supreme Court – and other Federal courts have not worked out so well for The Teflon Con. In fact, I almost think that the conservative judges are more like the people running The Lincoln Project – old school conservatives that don’t like Trump.
I do feel a wind blowing where the “Silent Majority” is actually anti-Trump. In fact, I’d bet he lost all of the people of The Lincoln Project’s “ilk” – those who hated Hillary but will be “OK” with Biden for many reasons. I’ve grown to like these kind of Republicans – they are people I feel are decent people – even if we have differences of opinion. These are people you can at least negotiate with and find some common ground.
What of Trump wins a second term? (I think he himself will throw dirt on his own campaign-grave) I would bet a high wager that his health goes into steep decline. I don’t think he lives a healthy (or happy) life at all – and that his ego will literally put his health and even life at risk. Be VERY careful what you wish in this case. The country will also have ongoing unrest – probably no matter what – but with Trump it will be much worse than under Biden.
What Wall Street does is a mystery. I never can understand how they think – and it does scare me that my investments are tied to people who don’t seem to follow logic. Many times, a bad jobs report had the market go up – and vice versa. And it does scare me that they seem to like Trump even though the Covid-19 and Depression would (you think) have the market on a deep rut.
Here is something cool – I predicted this a while back:
chek
And here is where we are at now:
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It doesn’t take a financial genius to guess that this would be the case
I’m hoping that I will no longer have so much material to draw from as far as limericks or song ideas are concerned. I hope I end up with writers block – that our Federal Government becomes boring again.
Hey there’s a new idea!

3 Comments on “Halloween Every Day

  1. I just sold almost everything. The levels of market manipulation going on are astonishing and can’t continue forever. I’m willing to forego some upside for now, because I want my cash ready when reality sets in, and foreclosures become widespread. Do the math: 20%+ unemployment, and many of those jobs NEVER coming back. Additional assistance and forbearance due to expire in months. Something’s gotta give and it’s going to be spectacularly bad.

    Like

      • As Keynes observed 80+ years ago, “markets can stay irrational longer than you can stay solvent.” Also, “in the long run, we are all dead.”

        Like

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