[ Posted Wednesday, March 11th, 2020 – 17:09 UTC ]
The stock market is now officially in bear market territory. Thus endeth the longest bull market in history, which lasted for the 11 years from just after the Great Recession's end until now. For those unfamiliar with the terms, the "bear market" designation is defined as: "losing 20 percent from the market's peak." Less than a month ago, the Dow Jones Industrial Average topped 29,500. Today it closed right around 23,500 -- a loss of roughly 6,000 points. And we may not have hit bottom, although with the current volatility it's tough to tell.
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[ Posted Tuesday, March 10th, 2020 – 15:39 UTC ]
Nobody, it seems, has come up with a name for today's round of primaries that is catchy enough so that everyone starts universally using it. Some call it Mini Tuesday, some call it Super Tuesday II, but no matter what you call it, the time has come once again to toss our darts at the wall in an effort to try to predict the outcome of the six races being run today in the 2020 Democratic primary race.
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[ Posted Monday, March 9th, 2020 – 16:49 UTC ]
Roman Emperor Nero didn't actually fiddle while Rome burned. It's a myth. Violins (or "fiddles") wouldn't exist for another 1,500 years or so, making the very concept impossible. That's not to say Nero might not have blatantly ignored a flaming crisis, of course, it's just quibbling about the literal meaning of the maxim. Now, American Emperor-With-No-Clothes Donald Trump didn't fiddle while the country was hit by a pandemic, either. Instead, he played golf. Twice. That's right -- in the midst of a huge crisis, Trump spent the entire weekend playing golf.
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[ Posted Friday, March 6th, 2020 – 18:09 UTC ]
The stock market is crashing daily, a pandemic is sweeping America, a tornado in Tennessee just killed two dozen people, so of course First Lady Melania Trump decided to reassure the public with a message designed to calm people in these perilous times. The message? Don't worry, everyone -- the construction of the new White House tennis pavilion was still on track. No, seriously -- you just can't make this stuff up. She even donned a hard hat (in order to look fabulous) while making this tone-deaf announcement.
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[ Posted Thursday, March 5th, 2020 – 17:58 UTC ]
I know, I know -- it's way too early for this.
Still, it's fun to speculate about, so we're going to push right ahead anyway and engage in some ridiculously-early ponderings of who should be chosen to round out the Democratic ticket this time around. If you are horrified of even the prospect of such meanderings, I'd advise you to do something else with the next 10 or 15 minutes of your time. There's always plenty of cat videos out there to watch, after all.
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[ Posted Monday, March 2nd, 2020 – 18:21 UTC ]
A week ago, I wrote an article about what I considered the most important upcoming factor in the Democratic presidential race, which was who would drop out and when would they do it. That question is now at least partially answered, as the third candidate since South Carolina voted has just officially exited the race. This leaves four major candidates (and Tulsi Gabbard) still in the race. But how the loss of Tom Steyer, Pete Buttigieg, and Amy Klobuchar will affect Super Tuesday is really anyone's guess at this point -- which makes predicting the outcomes a lot harder.
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[ Posted Friday, February 28th, 2020 – 17:55 UTC ]
File this one under: "If I doesn't laugh, I thinks I'm gonna cry!"
President Donald Trump, that noted stable genius, apparently has the answer to the coronavirus. Here's how an article in today's Washington Post began:
Trump administration officials are holding preliminary conversations about economic responses to the coronavirus, as the stock market fell sharply again on Friday amid international fears about the outbreak, according to five people with knowledge of the planning.
Among the options being considered are pursuing a targeted tax cut package, these people said.
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[ Posted Thursday, February 27th, 2020 – 17:25 UTC ]
Since my election forecast dominated last Friday's column, I've decided to post my picks for South Carolina early this week, to free up the format for tomorrow. Also, I sincerely doubt that one more day of polling is going to change my mind about any of these picks, so I feel it's pretty safe to put them out there a day early.
South Carolina will be the final of the first four states to vote, and Super Tuesday will follow almost immediately thereafter. Which brings up a technical note. Up until now, due to the breadth of the field, I've been posting my picks for the top five slots. But by now, I think that fourth- and fifth-place finishes are going to be irrelevant in the grand scheme of things, so I'm only going to pick the top three for South Carolina, and then only try to pick the winner of each state from Super Tuesday forward. Squabbling about who came in second versus third is going to become all but meaningless as we move deeper into the primary calendar, mostly because people will be much more focused on the total delegate count.
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[ Posted Wednesday, February 26th, 2020 – 18:15 UTC ]
Donald Trump is known to be a germophobe, but his fear of COVID-19 has nothing to do with any personal fear of actually contracting the virus. No, he's scared for a bigger reason -- because he knows that if the virus causes a sickness in the American economy writ large, then this will undercut his biggest campaign theme heading into the 2020 election. He's made this argument many times, essentially telling voters that they may not like him personally or appreciate his tweets, but the economy is so darn good that they have to vote for him so he can continue the good times.
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[ Posted Tuesday, February 25th, 2020 – 22:08 UTC ]
Welcome back again to another of our post-debate snap-reactions columns. Tonight was the tenth in the continuing series of Democratic presidential debates, moderated this time by CBS. When they woke up and remembered to, I should say, because at several extended times during the night I thought the moderators had completely left the room for a coffee break. It certainly seemed that way, since the candidates just engaged in a free-for-all shouting match where it was impossible to hear what any one of them had to say. This wasn't an isolated incident, it happened over and over again. And the moderators either were too timid to even try to, you know, moderate the discussion, or they were just flat-out incapable of doing so. Or, as I said, perhaps they had all ducked out for a few moments in the hallway.
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