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sdholloway56
Senior Advisor

market liked it

Financial markets relieved- new index highs- that the 40 year trend of wild financialization, slow economic growth (except under Clinton and a couple years under Reagan) and low interest rates forever might continue a while longer, given a one month jobs miss. "The market" loves that stuff.

The good news for the GQP, this ultra-wild terminal phase of speculation in nything and everything will face a serious challenge sometime before 11/24.

BTW, the terminal phase absolutely and unequivocally began when Powell got cornered into ramping the stock market with repos- pre-election- in late '18 as economic growth continued to stagnate. Then he doubled down with rate cuts.

Then, the artificial bubble went kablooey with the arrival of Covid, which only engender quadrupling down both on the fiscal and monetary side.

Just so there's an accurate accounting of history.

4 Replies
IH3719492
Senior Contributor

Re: market liked it

sdholloway56
Senior Advisor

Re: market liked it

IH3719492
Senior Contributor

Re: market liked it

sdholloway56
Senior Advisor

Re: market liked it

Remind me again who just got done burning the Reichstag and blaming the Communists?