Well, you can explain the rise of Trump (and I guess Sanders) by explaining to people that after a while, it is human nature to get sick and tired of having someone whizz down your leg and tell you it’s raining.
Explain to them that this is the first salvo in a bloodless revolution.
Happy Mid-week traders! Yesterday major stock indexes tanked in rising volume (institutional selling) and this morning's futures point to more of the same for stocks and modest gains for metals. Blame it on today's reports:
7:00 AM MBA Mortgage Index
10:30 AM Crude Inventories
2:00 PM FOMC Minutes
--or maybe politics:
Trump's Got Fearful Wall Street's Number - Darrell Delamaide, USA Today
Sans Tax Forms, How Rich Is Donald Trump? - John Cassidy, New Yorker
Hillary Wants to Put Tax-Cutting Deregulator in Charge? - Editorial, IBD
The President Is Not 'In Charge of the Economy' - Kevin Williamson, NRO
Growth Rate Is Held Down by Lack of Government - Eduardo Porter, NYT
My take: it's "Regime Change Time", just like w/ the crashes of '00 and '08.
Very badly.
Only one way they can teach it.
“Everything we have been teaching you for the past four decades is WRONG and is in the process of being rejected by the American People.”
So do the little college attending socialists voting for Bernie Sanders understand that they will only get educated for jobs in a society they choose to be a part of, and that their pay will be similar to burger flippers, toilet cleaners, etc. It is just that society allocates resources to their college educations, and they are still become servants of the party and cultural revolution?
Growing income inequality is an attribute of economic depressions. It always occurs in that situation. No exceptions.
The wealthy have decided that it is better to invest in politicians than it is to invest in the economy. The system is totally corrupted.
Audited a college philosophy course years ago taught by a friend who has a phd in it. He had the students play a game called “Star Power.” Do a wikipedia search on it and you will see what is happening. Those in power make the rules to keep themselves in power and to benefit those who will give them more power.