gotta do it after the primary season is over for absolute minimum democratic engagement to pick his replacement
And then spend years blaming third party/independents/non-voters thinking it will bring them around after Gavin loses to drumpf
Person earning 7 figures just to tell some clowns about made up fake shit predicting if the chips in the casino will fall face up or down is now also having an opinion on PoLiTiCs.
Who the fuck they gonna run instead? Buttigieg? Yang? Hillary fucking Clinton? Lmaoooooo
Would be hilarious to see CNN and MSNBC do everything they can to promote Dean Phillips as the younger Biden.
Cenk Uyghur 
They've spent the last year already using the argument "you might not like it and sure, he keeps explicitly saying he doesn't give a fuck what you think and he won't change any of his policies based on popular opinion but you have tonvote for him because he's THE ONLY PERSON IN THE WORLD who can beat trump"
It's gonna fall pretty flat if they try to say "ok you might also not like this person with the same policies but actually THIS PERSON is the only one who can beat trump"
I mean it'll work on blue Maga but anybody who's not willfully ignorant is gonna chuckle to themselves while figuring out what they want to drink instead of wasting time voting.
If Biden drops out in the early primaries, it would complete this 4-year farcical play he's been doing where he tries to be the dollar-store brand LBJ. The last act involves retiring following your complete alienation of the youth vote over a foreign policy issue they overwhelmingly oppose you on.
At this point, it would probably be a major boon to the Democrats, since Biden polls incredibly poorly compared to a generic Democrat (as long as they pick someone other than Kamala or Gavin Newsom).
Biden polls incredibly poorly compared to a generic Democrat (as long as they pick someone other than Kamala or Gavin Newsom).
so basically the concept of a generic democrat but not any particular generic democrat?
Chapo boys said years ago that they'd win every election if they just ran blank silhouettes named "[popular policy]" instead of any specific dem
well then they'd have to actually do the policy which would defeat the whole point of a bourgeois election
important to note that this is basically a "just for fun" section, dunno why BI is picking it up. source
Market Strategist Byron Wien passed away last year at the age of 90. For over 30 years whether at Morgan Stanley or Blackstone, Byron published a top ten list of surprises for the following year. I never read any of the articles that kept score on how well Byron’s predictions did since that’s not the point. They were an exercise in thinking against the grain about what might happen in an industry dominated by consensus. In Byron’s honor, for one time only, here’s my list of top ten possible surprises for 2024.
neat newsletter. I have a soft spot for capitalists who nevertheless face economic motivation to be truthful. You can get some nice stuff reading from a Marxist perspective and at the same time laugh at them complaining that the EU has been "underspending" (<2% GDP) on war.
Tidbits (emphasis mine):
We also expect wage inflation to decline based on the decline in advertised wages (second chart); observed declines in temporary help, manufacturing and overtime hours worked, unit labor costs, the “job switcher vs job stayer” premium, the share of private industries with rising employment and the voluntary quits rate; and rising female labor force participation. While negotiated pay raises are still at peak levels, union workers are only 7% of the workforce, below the 20%-30% range which prevailed during the 1970’s.
new wave of union militancy starting to show up in the data. fuck yeah
The problem for the US is the starting point; every round of fiscal stimulus brings the US one step closer to debt unsustainability. I don’t think we’re there otherwise we wouldn’t recommend long duration US government bonds. We also wrote last year on how there has been no material change in the dollar’s role as reserve currency.
to give accurate financial advice, you have to recognize that the US national debt doesn't really matter much. JPMC also recognizes as realistic possibilities
Estimates of US household excess savings
now that's a trendline, check out this graph. something funny will happen when it hits 0
China’s challenge stems from misallocated investment in real estate rather than from excess industrial capacity. Its home ownership rate peaked at ~90% and 20% of Chinese households own more than one home.
China’s 430 square feet of housing stock per capita is double the levels in Europe or Japan (D. Gros/Project Syndicate)
66% of US households own the home they live in. Whole section is interesting. Bigger Chinese households?
A member of the boug tells Biden he should quit while he's still ahead
his frontal lobe could barely handle the last election, now he's 4 years older
Somehow the opinion of a JPMorgan asset management strategist is newsworthy.
Hey listen Jack, we in the administration, has, I have... I have information that will lead to, frankly, the arrest of uh ah
let's do push ups together man
Genocide Joe is gonna win the election with a comfortable margin
Think about it, genocide and student loans are not gonna sway boomers or Gen Xers one way or the other
Trump's legal battles are gonna bog his campaign down and many of his supporters don't trust voting because of his "2020 steal" narrative
Housing prices and the line are up which means everyone in the top 30% income percentile who isn't online adores Biden
Biden will probably win with a slightly larger margin than last time
Biden will probably win with a slightly larger margin than last time
Big there.
I don't think its possible to call this election at the moment, but i do doubt he does better than in 2020. It'll be interesting to see what the turn out is compared to 2020 as well. I wouldn't be suprised if its lower on both sides
Who gave JP Morgan access to the lathe?
How about we do this fresh no Trump and no Biden. Let’s get something new in there.
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