We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
“Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.”
The stock market is in a decline. Probably not all bad news depending on your economic philosophy. BUT the reason it is in decline is because the FED is raising rates (seemingly to harm Trump and Republicans) AND because the Democrats took the house (and before the election because it seemed that the Democrats would take the house).
I have been telling my wife that as soon as the Democrats succeed in destroying the great economy and once again give us a economic crisis/recession/depression, that we will buy a really nice house for half of the current value. With the election and the big talk from the left, I'm getting ready to measure for drapes. Go Nancy Pelosi and Chuck Schumer. Like all leftists they must create a crisis/disaster to take or hold power. Trump will be a speed bump in the never ending challenge to make America socialist.
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
--- H. L. Mencken
BUT the reason it is in decline is because the FED is raising rates (seemingly to harm Trump
I think much of the stock market rise during the Obama years was due to the ZIRP which left no other choice for investment. Now, we are seeing some return to normal interstate's rates. I live in Tucson and have seen a depression among older people whose pensions were unvested in bonds. The traditional advice was to invest in stocks until you retired and then bonds were safer. Obama ended that and the retired population was badly hurt.
The problem is the "soft landing" and whether it can be done. As long as the economy keeps chugging along, the stock market is not as important,