Gloom will really set in when the Stock market crashes. DOW goes under 20K and Nasdaq under 7K. Till then, media and elites are not directly affected. DC doesn’t care about the middle class. Low income will get Feds benefits. Middle income will be crushed and they don’t riot.
China is threatening to close the Taiwan Strait
Beijing is making a bold move in international waters, threatening to close a key waterway the US frequently uses in what is a clear escalation of tensions.
The Market recovered a little today, a dead cat bounce.