12 Comments
User's avatar
тна Return to thread
Billy Bunter's avatar

Mr. Market wants lower rates. Perhaps we could spin out Jin Kichi if all else fails.

Expand full comment
Russell Clark's avatar

My idea is that politicians don't give mr market what they want anymore...

Expand full comment
yomom's avatar

That is quite unlikely in the western world. I do acknowledge changes in behavior of politicians compared to a decade ago, but this is still not sufficient for them to go against markets. Also, Higher S&P means generally higher wealth for (not only the wealthiest but also) the average American. Politicans themselves are participants, in the same market, with their wealth being locked up there as well. Going against it, means losing voters. I wish you end up being right, but I have hard time seeing it realizing.

Expand full comment