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https://x.com/porterstansb/status/1857057210498453855
Yes. But also the expected result of government deficit spending / money printing. So Trump will be inheriting a double whammy of inflation caused by lower interest rates (an error in traditional Fed governance theory) and increased spending. In addition, I don’t trust the BLS / official government statistics, so the jobs numbers and consumer debt numbers may not be accurate. My guess is that we may be in for a Paul Voelker like interest rate shock to bring prices under control.
Keep in mind that Biden drained and did not refill the Strategic Petroleum Reserve, so an oil shock can be mitigated by more US production, but the US could be vulnerable to a short term shock in energy prices as well.
https://x.com/RealEJAntoni/status/1857068509261357530 and now revisions to inflation related numbers. Going to be a bumpy economic ride.
https://x.com/RealEJAntoni/status/1856778628417126841h
ttps://x.com/KobeissiLetter/status/1856814001784521106
Deficit for FY24 came in at $1.8T.
At 34% of GDP, cuts to government spending will necessarily be painful.
https://tradingeconomics.com/united-states/government-spending-to-gdp
Incredible that government spending as a percent of GDP remained over 43 for FY21.
https://www.notus.org/harris-2024/kamala-harris-end-campaign
She also had the “Jesus is Lord” moment, where she said they were at the wrong rally, which seemed to alienate evangelicals.
https://x.com/mboyle1/status/1854357003688141142
Original Politico reporting here:
https://x.com/ccadelago/status/1854342667251187795
Kamala’s campaign ended up $20 million in debt…. She raised $1 billion, and had $118 million in the bank on October 16. She blew $138 million in three weeks, basically. Completely crazy stuff.
https://x.com/bonchieredstate/status/1854144116570857983
Lots of finger pointing this morning. But I think this is correct.
First on Bill Maher, and again.
*shrug* The NY Times trots this out every election. To be clear, voter intimidation is a crime. What the Democrats do is much more subtle (but still illegal), making voting as painful as possible.
What is happening in Pennsylvania is bureaucrats (and “voter protection” workers who have no status but official looking badges) are telling people that due to failures of machines, officials showing up with paperwork, etc., you can’t vote and should go home. This happened during early voting, the RNC sued, and won. Jonathan Capehart of WaPo tried to link the Bucks County suit to Trump lawfare to interfere with the election, causing Hugh Hewitt to correct him (that the RNC won), and Capehart basically said he didn’t appreciate being told TO DO HIS JOB and objectively report facts, causing Hugh Hewitt to storm off.
https://x.com/Brash_1/status/1853769840911118505
It’s one report, from a normie, not a journalist. But still unacceptable for something that should have been ready weeks in advance. We’ll see how Maricopa County does. Bottom line, the brownshirts thing is speculative nonsense that they trot out every election cycle. It’s meant to cause fear, and a pretense for counter-claims of stolen elections. If it does happen, there are plenty of poll watchers, and the DNC can file lawsuits and the DOJ will press charges. Unless it won’t.
Betting markets (Kalshi especially) all trending Harris.
https://x.com/realpeteyb123/status/1852547346036387964
The fix is in.
https://x.com/KobeissiLetter/status/1852892470935216320 now completely flipped.
