Storybook Economy

I will not link directly to the article in Politico saying that Wall Street is getting absolutely giddy about a Biden presidency. Put some more lipstick on that pig.

We should have seen that one coming even if it makes no sense. (maybe cents was the correct term?) Political biases, especially these days, are very insidious and often void of common sense. But one like this cries out for simplicity.

So then, what they are actually saying is that Marxists and socialists (i.e. communists) can run the economy — and government — better and more efficiently.

Does anyone really believe that?

They have evidently found ways to rationalize how Biden would be good for them or their bottom lines. I don’t know exactly how but if one of them was to remove responsibility from the equation, it might be one way of seeing it optimistically. But if they are thinking Marxist control is going to be a great thing for them, the economy, or country, then it also puts them on the ideological opposite side of the people.

“Far from panicking at the prospect of a Biden win, Wall Street CEOs, traders and investment managers now mostly say they would be fine with a change in the White House that reduces the Trump noise, lowers the threat of further trade wars and ensures a continuation of the government spending they’ve seen in recent years. “

Now they can say that if Joe won it would mean the people support such Marxist or socialist ideas, but they would be wrong. Many in the Democrat Party over the last few years have been disgusted by this rush toward socialism. Some have pooh-poohed the Marxist criticique, I know. They are only deniers to where it all leads.

And the really sad thing about it is how fast it does take us into that socialism wormhole. Whoever thought that they would be running on an open plan of socialism in a national election? That would have seemed very brazen, even politically stupid, only a few short years ago. Not anymore.

It seems the street wants stability, despite whether it is a Marxist wave or not. But it would seem hard to rationalize that Marxism would be stability for the economy or markets. At what point then would they become queasy? It begs the question.

There’s a brand new talk but it’s not very clear“…

We are the goon squad
And we’re coming to town
Beep-beep

Right Ring | Bullright | © 2020

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