general election

In a Tuesday statewide Oklahoma election, State Question 820 that would have legalized recreational marijuana in Oklahoma was rejected when 62 percent of votes were cast against it. Why did this initiative fail, and fail by such a large margin, when recreational marijuana legalization has been approved by voters in many other states? One reason for the big “no” vote on the ballot measure may be found in the fact that it was voted on during a special election with very low voter turnout.

Texas was its own nation independent of any other for ten years between gaining its independence from Mexico in 1836 and joining the United States in 1846. Nearly 180 years later, could Texas be on the verge of becoming an independent republic again? Last week, at the Texas Republican Party state convention, a call for the state legislature to place a referendum on the statewide general election ballot in 2023 concerning Texas seceding from the US was included in the state party’s platform. The platform section dealing with the matter reads as follow:

Yesterday we published the first set of 7 "What If" scenarios that didn't make it into the Citi Credit team's (already rather gloomy) year-ahead forecast. Because while Citi's "base case" was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank's credit team wrote "what about the outcomes that didn’t quite make it into our base case?

Authored by Stewart Dougherty via InvestmentResearchDynamics.com,