This article by David Haggith was first published on The Great Recession Blog:
Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession?
Submitted by Eric Bush via Gavekal Capital blog,
Most of the time not a whole lot actually changes in the markets over the course of a month. For example, small cap stocks tend to outperform large cap stocks by a rather mundane 31 bps over the course of a month on average going back to 1996. There are, however, periods of time when extreme moves do occur over the course of a month. We have just experienced one of those times.
As speculation continues to swirl over whether or not Biden will make a run for the Presidency in 2020, he has maintained a curious presence in the media in recent weeks and recently offered some pretty harsh critiques of the Clinton campaign when he sat down with the Los Angeles Times. Mimicking comments made by Neera Tanden which were exposed by Wikileaks, Biden suggested that Hillary lost primarily because she never "really figured out why she was running." Per The Hill:
Ron Paul has accused the American government of constantly interfering in elections in foreign countries “all the time,” and has slammed them for their hypocrisy. The former US Congressman told Fox Business Network there is barely any proof that Russia influenced the outcome of the US election, but says that America openly influences elections abroad without any ‘outcry’ from the media.
Is this a full-blown mutiny? Or did Democrats just reach the fifth stage of grief - "acceptance"? In a NYTimes op-ed, they begin by claiming that "President Obama will be remembered as a thoughtful and dignified president, but admit his legacy regrettably includes the more than 1,000 Democrats who lost their elections during his two terms. Republicans now have total control in half of America’s states...Why such political carnage?"
Via The New York Times,