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News Link • Voting and Elections

Black Tuesday—–The War Party Won


Would that there were any real investors left—-but, in any event, what the election really did was populate the Imperial City with a huge new phalanx of neocons and hawks.

In a word, the War Party won. This means that the Warfare State will prosper, the budget deficit will again soar, more  government shutdowns will materialize and the day of fiscal reckoning will come that much sooner.

How that is good for investors is hard to fathom. But never mind. The casino previously known as the stock market trades one day at a time based on the monetary juice and word clouds emitted by the world's central banks. This new Wall Street casino anticipates no future, remembers no history, discounts no risks and discovers no honest prices. It is a hothouse colony of the central banks.

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