The sun did, in fact, rise this morning.
November 6, 2024
Wednesday
Stocks Set Records and Dollar Soars After Trump Election Win (nytimes.com)
But analysts and investors noted that the reaction looked stronger than just relief, with traders preparing for more government spending, lighter regulation, bigger deficits and accelerating growth under a Trump administration and at least partial Republican control of Congress.
Only one of those things sounds good to me, but, yeah, stocks are up today.
Democrats Got the Recovery They Wanted. It Wasn’t Enough (nytimes.com)
America’s growth engine may be the envy of the world, but it is not the envy of the American public.
I think the disconnect between the real economy, with its very real soft landing, and the perceived economy, with its lingering sting of inflation, really impacted the election. People know what they know, and, these days, people know the price of gas, eggs, bread, dog food, and other everyday items. “Soft landing” doesn’t mean much when you’re still salty about paying $4.83 for a dozen eggs a year and a half ago.