Category: democracy

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Democracy stunted the Democrats. You can’t sell meat to vegans.

Emphasizing democracy may have cost the Democrats the election. Doubling down on their narrative may lead to the final implosion of the party. Democracy creates a feedback loop where the electorate hears the political class’s (elite) narrative, analyzes it to determine its relatability, costs, and benefits, and disposes of it when the electorate determines that … Continue reading Democracy stunted the Democrats. You can’t sell meat to vegans.

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The fix is in. Yields inching higher. The polls tightening. Tomorrow night will be pizza and popcorn night.

The 4:15 pm fix is in. According to the Federal Reserve’s data, two-year and ten-year yields have been inching up over the last week. Throw in a little dollar weakening compared to the euro. Given we are closer to the beginning of Election Day (14.5 hours at the time of this writing), could some political … Continue reading The fix is in. Yields inching higher. The polls tightening. Tomorrow night will be pizza and popcorn night.

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How should traders position themselves in a split political environment?

NPR’s Ashley Lopez today published a piece discussing the possibility of neither Donald Trump or Kamala Harris receiving the required 270 votes from the Electoral College to be declared President-Elect. Ms. Lopez describes the process where if neither candidate receives the minimum 270 votes, then it would be up to at least 26 congressional delegations … Continue reading How should traders position themselves in a split political environment?

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Managing constituents: Governance and showtime.

Whether at the Republican or Democratic national conventions, the architects and engineers of government, the career bureaucrats, were nowhere on stage, in front of a camera, or even posting on social media. They understand that to effectively manage their licenses to exploit and regulate human behavior, desires, and needs, they must stay behind the green … Continue reading Managing constituents: Governance and showtime.

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The Wes Moore gambit. The downside of Joe Biden not resigning full stop.

Around 1:46 pm today, President Joe Biden, via a letter to delegates, announced that he would not seek nor accept the nomination by the Democratic Party for president. I expected the announcement by tomorrow (Monday), but I guess a Sunday is good as any. More people at home to receive the news. The energy was … Continue reading The Wes Moore gambit. The downside of Joe Biden not resigning full stop.

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Trump or Biden. Who can best obscure the battle on Mount Olympus?

Last night’s Super Tuesday primary victories for former U.S. president Donald J. Trump and incumbent president Joseph R. Biden were no surprise. So boring were the returns that I was in bed by 8:30 pm. For us mortals, the electorate, the worn-out questions are, “Which of these candidates best represents me?” and “Which of these … Continue reading Trump or Biden. Who can best obscure the battle on Mount Olympus?

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Should a president be allowed to manage the economy where she doesn’t provide actual facts?

If a president can’t give you full facts about the political economy, then should she be managing it? Last week, U.S. President Joe Biden announced that “inflation was at the pre-pandemic benchmark of 2 percent over the last six months of 2023.” The problem with this statement is that if year-over-year inflation was two percent during the … Continue reading Should a president be allowed to manage the economy where she doesn’t provide actual facts?