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The Financial (Under)World Is Catching Down To The "Economy Of Actual Stuff"

Submitted by Howard Kunstler via Kunstler.com,

The remaining Americans sound-of-mind must view the primary election spectacle with mounting sensations of wonder, nausea, and panic. It’s one thing for the financial system to crack up, and another thing for social norms to disintegrate, and still another for the political system to become a locked ward of obvious psychopathology. Even the neurosurgeon on duty went narcoleptic the other night when his name was called to take the stage.

Pop Goes the Marco Bubble

A few moments on a New Hampshire debate stage last Saturday will likely go down as an historic moment in American politics. For the previous week there had been a palpable sense that the GOP establishment, desperate to coalesce behind someone to stop Donald Trump, was going to break very quickly towards Marco Rubio. Immediately after Iowa, Rubio began began scooping up endorsements from senators. There were many press reports that key players in Jeb Bush’s financial team were ready to jump—and pull their funds, and their friends, from Jeb’s flailing candidacy to Rubio.

Rubio’s Bad Debate

Freddy Gray comments on Rubio’s bad performance Saturday in the eighth Republican presidential debate:

It was awkward. In total, he said the same line four times. He didn’t look like an election winner, to put it mildly. As the debate went on, Rubio regained his footing. He finished strongly with a passionate defence of his opposition to abortion. But by then it was too late. He had had his shocker. He had shown once again what a deeply flawed candidate he is. He may look polished, but he is not accomplished. He isn’t comfortable thinking on his feet.

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