"... the dollar is going to go down regardless of who the next president is and which party controls Congress. I mean, that should be abundantly clear based on the debate..."
Confirming "no deal" today, headlines stating that a House vote on Democrats' stimulus deal is expected today, US equities and bond yields tumbled as Pelosi claims the difference is 'not dollars, but value'...
...if you look around you, and then don’t sleep well, look for those who have ‘treasonously’ lost the ability to reason; and find they are not all holders of, or pretenders to, elected office.
Government is now so lost, stumbling and trapped in its own narrative because it committed and went all-on on lockdown/shutdow... that now it can’t face the consequences of what its already done…
If markets are down, it's due to stimulus pessimism, rising covid cases and/or a fading economic recovery; if markets are up, it's due to stimulus optimism, covid vaccine hopes and/or a stronger economic recovery.
We may be coming out of the first pandemic lockdown and business does, broadly, appear to be picking up; however, some sections of manufacturing, including U.K. car manufacturing, are still suffering badly...
