I used to go home every night as a young Wall Street trader worried about how instability on the “Arab Street” would adversely impact my long unhedged positions. If you have been a reader of the Global Macro Monitor over the past few years, you know we have been concerned about U.S. political stability.
All good traders worth their salt worry 24/7 about just about any and everything, which, by the way, was one of the first traits I would look for in hiring a new trader. A high propensity to worry about losing money but not afraid to pull the trigger.
POTUS Gone Wild
Now we are really getting worried
Rather than being a stabilizing force and a voice of reason and calm, the President of the United States delights in stoking the divisions and tensions in the country while spewing his conspiratorial garbage 24/7.
In the words of Anderson Cooper, “Man, we are in trouble.”
It’s totally outrageous and moves the country closer to a critical tipping point.
November To Remember
We owe it to the men and women in uniform making great sacrifices for us and what America has stood for, and, more importantly, to our children and grandchildren.
Fear The Street
It’s time for investors to fear the “American Street” or to, at the very least, keep it on your radar. If that is, markets are still a market and not a tool of the state, which is becoming increasingly debatable.
Stay tuned, folks
What is this bullshit?