We have in front of us a big week. This may determine the course of the next year or so in the stock market, the economy, and in politics.
A lot is about to happen. Let’s run it down, day by day.
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Journalism and other myths.
I’ll Thrash the Economy For You! (?)
Over the weekend, financial markets were sleeping. They awoke on Monday as if the weekend was a bad dream, filled with chatter about a trade war and how it was actually a good idea.
It’s not a dream, it’s reality. But is this all a stupid attempt to promote a candidate in a tariff-loving industrial district that should be winning a lot bigger? Nevermind the unreality of it, including the fact that the Pennsylvania 18th is certainly going to go away with court-ordered redistricting. There’s a special election on 13 March, and losing it would be very embarrassing.
This might all be a show to avoid losing a place where Trump should be winning bigly.
Yes, But How is It All Screwed Up?
We’ve made the Barataria position very clear – that current federal policy is doomed to trash the stock market and somewhat damage the overall economy. That wasn’t talking about new tariffs, however. As the mechanism for screwing things up shifts, the predictions as to how it will all go down have to shift.
So here we are, trying to make some sense of the senseless. It’s more of a crapshoot every day.
An Open China
The long-awaited move has come. Chinese President Xi Jinping has asked the nation’s top political body to amend the “Basic Law” or constitution to allow him to stay for a third five-year term.
The wave of protests in response was anticipated, but still extraordinary. It is China, after all, and the authoritarian government does not allow protests – except when it does. Xi’s action has setup a showdown of sorts in a nation which has experienced more cultural turmoil than perhaps any other and still retained a Confucian sense of order.
But can that last, or is this the start of something different?
This Time is Different
“There’s something happening here. What it is ain’t exactly clear.
It’s time we stop, hey, what’s that sound? Everybody look what’s going’ down.”
Stephen Stills, “For What It’s Worth”
An armed gunman storms into a school, a church, a concert hall, just about anywhere. A steady burst of mechanized explosions sets the tempo for panic. People scream, run for cover – people strop and sink into a puddle of their own blood. Eventually, a deafening quiet settles over the scene as everyone left tries to figure out what just happened.
That’s about how shootings go down in real life, but also in the news cycle. A flurry of activity settles into silence as the world tries to absorb the scene and understand it. But not this time. This time, for some reason, it’s all different.
Barataria - The work of Erik Hare 