Bad Mood
Consumer confidence dipped in November, The Conference Board said Tuesday, citing "the resurgence of COVID-19" among other factors for Americans' souring mood.
The headline index printed 96.1, below the 98 consensus expected, but still near the middle of the range (91.5 to 104).
"[The] assessment of present-day conditions held steady, though consumers noted a moderation in business conditions, suggesting growth has slowed in Q4," the color that accompanies the release reads.
Both the presen
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By most estimates, greater than 50% of Congressional members are already millionaires. If you add in the present value of their “pension for life”, probably the vast majority are millionaires.
I believe that Congress (as a whole, regardless of political party) does not want the stock market to crash; wants to keep their wealth (not remit to country upon death) to pass along as they choose; and does not want to be taxed into a “middle class” life.
Whatever Congress gives out during the next presidential term, I am betting that it will not harm the Congressional or the investor classes.
You imply what may be a healthy self-interest. Placating Trumpian base has put one party further to the
right /austerity than may have been. This election was no socialist mandate either.