FrankTC
FrankTC's JournalStock Market Sending A No-Confidence Signal
The evisceration of the Dow today, after a 9-day losing streak, cannot be interpreted as investors feeling optimistic about the future. Especially since the Fed's prediction of only two interest rate cuts next year suggest a concern that inflation will not subside. Indeed the Fed raised its forecast of end-of-2025 inflation nearly a half point, clearly taking into account economists' expectations for the combined effects of tariffs and tax cuts. Way to go, Donnie! He hasn't even been sworn in yet and the rubble is already accumulating.
Elizabeth Warren Op-Ed In the NY Times
Senator Warren's take on the midterms and her suggestions for what's to be done now:
https://www.nytimes.com/2022/11/12/opinion/elizabeth-warren-democrat-senate-midterm.html?unlocked_article_code=mBVg2MNKQ88pa9XDXCP3ZgPCghWLb6Ot9raAA_6pT4LLq_zN_D-le9t4Ea-gCxgzc9fKpe5i2n8OaR93u8WopY2uvY95nPgieZwWEXNVBz2_eJefEioyGUDE7Ugo2wggRzhQgwo4wmsokZNOqIFsu-BCPopV4duu5VPcMY2exn3dYfFQgXJdertJEE8FLDbyg7RX1EgRhKTZag1zXbm9_x-Z4SMH5exNsBmtdQPoNuNLKDHG1Fb0M8jjlh0NQsly-bg4RgC0psgxobxoLy6EdiILnURsPUmNKK4fHRdXtPhLmS25bTXsH4Yn2wl6JW4NOZzOJ8EORtcTqGNoV6pomqe-k6xsjwS5h_4AjJbBqQoIjQ&smid=share-url
It's an argument for moving forward with Biden's agenda. She notes that large chunks of it were derailed by a few Democrats (as well as the entire Republican party). She does not offer advice about strategies that will breach the blockade next term, but she makes a strong case that it was actual progressive/Democratic accomplishments (not messaging) that influenced voters and won the day.
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Member since: Wed Jan 3, 2018, 07:37 AMNumber of posts: 259