A week before Trump begins his second term, U.S. stock and bond markets are rebelling. But against what? I’ll explain below. Stocks initially rose after Trump won the 2024 election, but all three major indexes (the Dow Industrial Average, Standard and Poor’s 500, and NASDAQ) are now belo[...]
Posts Tagged ‘Federal Reserve Policy’
I’m used to racist/sexist GOP candidates, but a lobotomized one?
Disclaimer: Just because I’m used to them, doesn’t mean I vote for them. Blake Masters, 36, is the 2022 Arizona GOP nominee for U.S. senator. He wasn’t born stupid, as he has B.A. and J.D. degrees from Stanford, so his cerebral cortex must have been pithed at some point, perhaps as[...]
What if both candidates are wrong?
Rep. Katie Porter (D-CA) represents much of Orange County, once one of California’s most Republican areas. This year her GOP opponent is Scott Baugh, a former Orange County party chairman who served a relatively brief stint in California’s legislature over 20 years ago. She easily beat h[...]
Can we quit the inflation B.S. now?
CNN does most of the work, so I’ll refer you to their article here, and summarize highlights and correct errors. 1. The blame game The headline says, “Washington can’t have an honest debate about inflation,” which is true. That’s because “it’s largely a char[...]
February 15th, 2015 - 5:07 pm § in Politics
Radical Republicans: Debunking Rightwing Monetary Myths
Most Americans, if they’re at all religious, should get on their knees and thank God that rightwingers didn’t run America’s economic policy in the aftermath of the financial crisis and near-depression which their policies helped cause. Although our economy isn’t exactly glitt[...]