Thursday, January 17, 2019

Recession talk, 2020 contention, jobless claims, DJI

The year continues to slog with no real news... the partial government shutdown has not been affecting enough to matter... China trade impasse has not destroyed the economy... the Fed has paused rate hikes... Speaker Pelosi is anti-SOTU perhaps due to the potential optics of her hoard of unruly freshmen that don't reflect well to the majority of American voters... Kasich is free of the governor's mansion... documented spouse beater Senator Sherrod Brown is doing a listening tour of early voting states... live feeding from your home while drinking a beer has become a trend... snow blankets parts of America... missing abducted teenager is found alive...
The whisper campaign of a pending recession is going no where fast. The stock market has slowly bounced back after steep year-end declines. Jobless claims are down in spite of the partial shutdown where TSA and such are working without pay, thus unemployment benefit eligible?
I expect all of the early candidates to announce their bid to be president will fade. None have a pitch to be president that strikes me as being reality based, aside from not being Trump.
The thing about "chaos" surrounding Trump is that he's not really bothered by it. Sure he tweets responses to his critics but has he buckled on any controversies over his agendas? The separating of children from parents is perhaps an example... but the practice may have been a holdover from an earlier administration.
Pelosi is the perfect foil for Trump to be re-elected if he chooses to stick with it. I believe he will and step down soon after winning, just so he can play more golf. He's already beyond typical retirement age, but he's not really much of a quitter, is he?
Now, who ever comes after Trump leaves office, will the "chaos" be resolved. Trump has "chaotic" irons in the fire that he's just let sit as an impasse.
Oh, what is the timetable on Russian Collusion?
Slow news.

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