Democratic political strategist James Carville is famous for many things but perhaps nothing tops his statement about the bond market: “I used to think that if there was reincarnation, I wanted to come back as the President or the Pope [may Pope Francis rest in peace] or as a .400 baseball hitter.
Robert, quite an interesting perspective on the impact of the Trump administration and its effect on our economy. However, I would caution that what we are seeing goes beyond the bond market and indeed the daily gyrations of the financial markets in general, which are after-all markets subject to global tensions. What we are witnessing is the death of global collectivism, the end of Marxism as a viable political philosophy worldwide, a deathknell first sounded in the Reagan administration. It is over, the Communist gargantuan in China, its most improbable home, is dead on it's feet and the progressive dream of One World Global Socialism is a corpse ready to fall. Democrat strategist are of course slow to recognize that their party cannot be rescued or resuscitated by appealing to liberals shocked at the deportation of drug cartel members here illegally to murder our people. But the other 90 percent of Americans are glad to see them gone to a welcoming home in El Salvador. Even James Carvell seems slow to grasp this, which is surprising given his Marine Corps finishing school credentials.
Robert, quite an interesting perspective on the impact of the Trump administration and its effect on our economy. However, I would caution that what we are seeing goes beyond the bond market and indeed the daily gyrations of the financial markets in general, which are after-all markets subject to global tensions. What we are witnessing is the death of global collectivism, the end of Marxism as a viable political philosophy worldwide, a deathknell first sounded in the Reagan administration. It is over, the Communist gargantuan in China, its most improbable home, is dead on it's feet and the progressive dream of One World Global Socialism is a corpse ready to fall. Democrat strategist are of course slow to recognize that their party cannot be rescued or resuscitated by appealing to liberals shocked at the deportation of drug cartel members here illegally to murder our people. But the other 90 percent of Americans are glad to see them gone to a welcoming home in El Salvador. Even James Carvell seems slow to grasp this, which is surprising given his Marine Corps finishing school credentials.