Remember too big to fail? The 2008 government bank bailout? That worked out really well. And today? 6 banks still run everything. Determine the global markets. Shape the American economy. Citibank, Bank of America, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo. Their CEOs say that they have ample liquidity available for lending this time around in a strange set of calls from Treasury Secretary Mnuchin. And we should believe them?
Mnuchin is forming a group including these six banks, the Fed and the SEC, the same assemblage as in the financial crisis of 2008. Calling it a “Plunge Protection Team”. Danger. Danger.
And. Oh yeah. Merry Christmas!
October 18, 2018. It’s a wedge anniversary day. October 19, 1987. The market crash. October 17, 1989. The Big San Francisco World Series Earthquake. Anything can happen before the mid-terms.
As for wedge issues. The media squawks over every Trump tweet & soundbite giving him the constant spotlight. Even if mostly critical of everything he does, he gets the daily limelight. In the meantime, average American voters go to work and school. Drive their kids to games and other activities. Worry about mortgage payments, health insurance. Their issues rarely intersect with what’s on the news. That’s why polls are no longer reliable predictors.
Pollsters stab their tarnished forks into a leftover slice of old pie.
Universal Basic Income. On this Independence Day week, a topic being discussed by both the left and the right. Considered as far back as Thomas Paine. And Karl Marx. Of course. Guaranteed monthly income for everyone paid by governments across the Globe. A good idea says Richard Branson as well as many Silicon Valley CEO’s. A buffer afforded to workers and unemployed alike. As Artificial Intelligence and Automation replace manual and cognitive tasks. But. Will it work? Studies say yes. Common sense says no. Ask the Dutch.
Either way, Trump will be the last leader to get away with promising the return of manufacturing jobs. So. Something’s gotta be done.
I hear the sound of glass ceilings shattering all over the place. Where is the celebratory reportage? Yelling yay from the balconies? Women taking over the top jobs at the most unlikely places. Gina Haspel, CIA Director. Suzanne Scott CEO at Fox News. Okay. You say Faux News. But. It still kills in the ratings. And. Stacey Cummingham, New York Stock Exchange President. The feminists’ silence is deafening. Except for Hillary’s never-ending wearisome whining.
Oh. And. Only Brainstorm. Never Green Needle.
Janet Yellin left the Fed Chair chair and then sent the markets reelin’. She just spoke the truth. From her it was tellin’. Markets are overvalued. But. February 6, 2017 stocks were at 20,000. So.
More yellin’ about pets on airplanes. Broken record alert! Thanks though to David Leonhardt in the NYTimes for makin’ the case so well. ” It is one of the downsides of a modern culture that too often fetishizes individual preference and expression over communal well-being. ”
Poor Gronk was robbed! Insult to injury. Maybe somebody’s tellin’ him to retire. And what was Chris Christie doin’ in the beach audience of Live with Kelly & Ryan at the Atlantis?
Tonight’s State of the Union drinking game. It’ll be tempting to start early just to get through it. But. At 9:00, take a swig of your favorite libation every time you hear: Strong. Security. Safety. Border. Jobs. Judges. Economy. Infrastructure. Bi-partisan. Best ever!
Every time there’s a camera on a Dem sitting on their hands or nodding off. Are they all dressed in black? What color’s Melania wearing? Who is with her? Resting bitch face or fake smile? Okay. Take a chug for every shot of her scowl.
Hair on fire! Trump is a racist misogynistic tyrant! Finally we see him for who he really is!! What? This is the same guy whose immigration policy was to ban all colorful people from entering the country, hung out at the Playboy Mansion, owned beauty pageants, led the birther movement. BEFORE he was elected President. What is with this surprised outrage? Have you met him?
None of the ire directed at Trump will win the next election. Broken record alert! Jamie Dimon said it yesterday. Dems don’t have a centrist candidate who can win the general election in 2020. That’s where the biased media should be focusing its rants.