Wednesday 6 November 2024

what happened

 Let's see

Trump is a convicted criminal. It did not matter

Trump led an insurrection . It did not matter

Trump lies like there is no tomorrow. It did not matter

Trump's econom ic program is nots. It did not matter.

Trump wants to prosecute his political opponents. It did not matter.

Harris way outperformed Trump in the campaign. It did not matter

Harris smashed Trump in the edebate. It did not matter

On the economy Steve Rattner showed some graphs on surveys of US voters some time ago on morning joe. They think unemployment is at record highs. It was at record lows. They think inflation is rising to new highs. It is falling within the FED's preferred range. They believe the stock market is at record lows. It is at record highs.

See Andrew Gelman on the election as a bonus.

We do have a problem. Trump is a moron as Rex Tillerson colourfully put it one time. I suspect all hell will break loose. Putting at 20% tariff is madness , is illegal under WTO rules and will exacerbate a world trade war. That plus more severe tariffs on chinese goods and services is bad for the chinese economy and thus ours.

His tax and spending plans  will balloon the deficit offsetting the deflationary effects of putting 'illegal migrants into intern camps and thus severely tightening the labour market.


Look out

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