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Delusions
Equities meandered somewhat aimlessly into the new week, as traders and investors eyed key US data and a sparse calendar of Fed speakers including Barkin, Williams and Quarles.
One bank wonders if folks are becoming "delusional." "[One] way to show the paucity of prospective returns is to consider a 60/40 portfolio, where we proxy equities returns by long term earnings yield (1/37= 2.7%) and bond returns by the current 10-year yield (1.5%)," SocGen said, in their Q3 asset allocation outlook.
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“Eventually, delusional Americans will stop being delusional and elect a Progressive.”
What makes you so certain of this? Fox News is still the most watched “news network” (classified under entertainment news) in the country. I personally have given up any faith that Americans can break the hate habit and start using their brains for more helpful purposes like thinking.
I half-heard the result of a recent poll on the radio this morning. It was reported that 57% of GOP voters believe that the pandemic is now over versus 4% of Dems.
Which is why the virus now kills more of the GOP than Democrats. GOP gets the Darwin award on this go around.
Now that’s voter suppression…..
Fox may be the most watched cable news network, but that is because it is the only choice,
if you want news from a conservative viewpoint.
Most Americans still watch MSM network news and CNN and MSNBC combined have more viewers than Fox.
However, there is no question that Fox continues to drive the pro-Trump conservative narrative.
So if Fox News is the only choice to watch if you want the Conservative viewpoint, the programming on that network informs quite a bit about what the Conservative viewpoint is. Big business = must be protected and enriched, Christianity = the only religious option, Abortion = worse than anything else that happens in this world, The White Man = a victim of everything that ever happens in this country, Police = Never lie, cheat, steal, or murder, Minorities killed by police = had it coming, Democrats = The enemy of the country, Progressives = Socialists who are destroying YOUR country.
Yeah, I’m sure someday these people are going to vote a progressive into power. gigantic eyeroll
All of which is why (and my daughter hates it when I say this) I am really glad I’m old. I should only have to endure two more stupid presidents, tops.
I wish it wasn’t so, but I can’t come up with any logic that says you are wrong.