“The ongoing parody of self-destruction comes with an embedded option on resurrection (political and/or commercial) or an implicit promise of a lucrative “afterlife” with “70 virgins” in the form of book deals, high-commission speech opportunities, TV appearances, Fox News correspondent, or consultant positions.”
Here we sit, barely two weeks into the new year, and guess what? Risk assets have already blown through some analysts’ full-year projections, with both equities and HY (for instance) rallying further than some of the less sanguine (yet still optimistic) year-end 2018 targets.
“White American males have always been in charge. They made the rules and they called the shots in the workplace, in the home and at the ballot box. They’ve owned the world for so long and have been getting increasingly uncomfortable as their grip on power had been eroding. Now the unthinkable is happening: They are becoming the minority.”