Huffington Post has never seemed an extremist publication, except perhaps to extremists, but today's article about the historic drop in the markets coincident with the recent rise of Trump's prospects is full of flashing lights, klaxon horns and a voice from Das Boot shouting "Dive, Dive!"
We have, if you've been watching markets as closely as I do, the most prolonged sell-off since the financial crisis even though the odds are he will lose. Is that ironic with so many of his lower education level supporters extolling his talents as a business man who will end our "debt problem?" You betcha! as another lowbrow Republican pundit said. It seems like yesterday.
Financial experts and leaders around the world are expecting little short of total world collapse under a Trump administration. "Inconceivable" is the nearly universal reaction to the prospect of President Trump. Moody’s says Trump’s policies would throw the U.S. economy into the longest recession since the Great Depression. Citigroup thinks a Trump win could cause a global depression.British research firm Oxford Economics thinks Trump in the White House would cause the American economy to shrink by $1 trillion over five years. Is the Nixon Gambit going to work to dismiss the fears of the most informed conservatives in the Capitalist world by reciting the "Liberal Media" formula? It will for some; for many in the Denialist/Conspiracy community. But it won't matter. For them it will still be all about emails and Benghazi and Crooked Hillary and if (please) she manages to win she'll be straightjacketed by investigations and inquiries and impeachment hearings and filibusters and budget crises and shutdowns and the inability to appoint anyone to anything.
Are we damned either way? Who knows, The best I can hope for is survival. Greatness may have to wait. An out of office Trump is not a dead trump and like Dead Cthulhu in his home beneath the sea, he'll be dreaming of revenge.
Sunday, November 06, 2016
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