This trendline did precisely what I was hoping it would do, which is why being a bear hasn’t sucked out loud for far in 2024. Frustrating, yes, but still profitable.

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This trendline did precisely what I was hoping it would do, which is why being a bear hasn’t sucked out loud for far in 2024. Frustrating, yes, but still profitable.

How much better we would be if these words and the spirit behind them had actually been realized.
I strongly suspect I’m the only person in America who has spent the past few days listening to full Watergate hearings. I was a little boy when these were going on, so they are definitely part of the fog of my childhood, and I’ve been fascinated with Nixon my whole life. This has also been “homework” during the rewrite of my novel. What I find charming is the thick southern drawls of so many of the Senators. Those seem to have vanished with time. It’s a shame. Anyway, in case you’re a loony like me…….
I find this graph incredible. In the early 1970s, when the US economy seemed so troubled (the “rust belt”, inflation, etc.) our debt-to-GDP was only about 20%. Very, very healthy! Now we’re into the triple digits, and there is NO going back. The government is so grotesquely gargantuan, the welfare state so entrenched, and the commitment of the government to NEVER let the stock market go down EVER, that we’re just headed for absolute and irreversible ruin. Have a nice day.
