I’ll say one thing for the economists. They have sure been right about the disinflationary impulse that globalization would create in the economy.
To have growth, consumption and employment this strong, with essentially no inflation would have been unthinkable 25 years ago.
If not for globalism, interest rates would need to be hundreds of basis points higher than they are today.
Inflation is too many dollars chasing after too few products (among other things). Note the places that have hyperinflation, like Venezuela.
When you live in a land of plenty that is less of a problem. When you enjoy the fruits of honest production the world over there is more “plenty”.
When Marxist central planning constricts production problems arise.
The S&P 500 is currently running at double the increase of the DOW [+.16% to +.08%], and has been strongly performing for a week. I don’t know if there is any significance to that, but my index fund, if it kept up last week’s performance [and it won’t. no tree grows to the sky] would return an annualized fifty percent.
funny how that gap coincides with the Obama regime ....
Satan is ‘the Father of Lies’
The shooter is his follower.