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Wishful Thinking
Way back last month, consumer confidence in the US soared the most since "stimmy" was a hashtag and Joe Biden was a popular president. (Ah, the good ol' days.)
Fast forward a month and the mood improved further, according to the Conference Board. The headline for November was 111.7, the highest since July of 2023. Last month's reading was revised up.
The cutoff for responses was the 18th, so there was ample time for Americans to incorporate the election results into their subjective assessment
Are you saying it’s maybe a good time to start learning Russian?
Ima say some fun things in the Monthly Letter.
Please. Trump’s coterie of stooges will give the Harding Administration a run for the money on corruption, but the real danger, I fear, comes from Musk, Thiel, and Putin.
ask yourself why so many Russians are buying large trucks and starting moving companies in the USofA?
The proposed tariffs on food products from Mexico and Canada will help drive down inflation.
As will the absence of workers for US food producers.
Let’s suppose inflation re-accelerates. What does the Federal Reserve do?
See comment under Engineer below.
America just needs to queue up that 90s classic King of Wishful Thinking and have ourselves a party!
The motivated reasoning around economic and just general optimism is kind of blowing my mind right now. I agree with you, I’m not so mentally unfit as to wish hardship on people because I think they’re idiots, I hope everything goes great and the economy rips and whats-his-face-oil-guy going in as energy sec deregulates nuclear and saves the environment and we all make a shitload of money and evil men the world round end their wars to own the libs and make trump look good. But again. I don’t know man. With some concessions that a few of the cabinet picks are not reality TV level horrendous, these aren’t serious people running the show and I’d prefer they didn’t have a very large influence on our stability and safety.
How does a person encourage your thoughts in the general population?
Lessons from historical philospher’s indicate the Orange ones achilles heal may be FREEDOM. Since his playbook involves taking away freedoms from everyone and instilling fear.
He might be deposed by the very people who elected him. This can happen quickly almost without warning.
Not sure of that. If there is a tariff on day one, the food we get from there is larger than you might think.