March 16, 2020 (Monday)

I am obsessed with the stock market. Not because I gamble there, or because it gives a true picture of our economy. I am obsessed with it because its rise and fall gives a good sense of how the elites who benefit most from Trump’s policies feel about the current economy. They have stuck with him no matter what else he did so long as their investments paid off. But once those people turn on him, he cannot win reelection. So the volatility of the stock market these days is about politics as well as economics. Trump knows this very well indeed.

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