GDP Growth at 3.2 Percent in First Quarter as Economy Steamrolls Over Skeptics
The Fed raised rates 4 times last year. Stock market bitched and moaned every time, and yet here we are.
Higher rates make for a healthier economy, and fuck the stock market. The stock market is not the economy. Low rates and QE raise stock prices and commodities through inflation, and investment banks make money, but it is not good for the rest of us.
Higher rates make for a stronger, more resilient economy, and when the economy does well, the stock market will be dragged along with it, kicking and screaming the whole way about high rates. With higher rates, investment banks and firms have to operate more responsibly as the cheap money dries up and they have to make wiser decisions.
Someone has came forward that mayor Pete sexual assaulted him in February. If true, he needs to make a criminal complaint. Being that it only happened two months ago and it seems he isn’t asking for money, seems believable.
Been watching the events in Venezuela...a couple of observations and thoughts...
1. Guaido doesn't seem to have much support. Seems like the best he can muster is a couple of hundred people, baed on what I have seen. That's pathetic.
2. The people rallying around Guaido look extraordinarily white and light skinned for Venezuela.
Look at any other Venezuelan gathering and you will see a mosaic of skin tones.
Guaido's crowd kind of looks like they rounded up the darkest skinned folks in Maine for a rally. It's not quite Snow White...there's just this absence of dark.
I think half of his crowd, maybe more, aren't even Venezuelan!
That's not what I'm seeing at all. The MSM is calling this revolt a military coup and he has many supporters that are latino fighting the Maduro? Chavez tyranny and getting slaughtered in the streets. This is what the progressives like the Bern and AOC are looking to bring to the States.
It's hard to explain what I'm talking about, and hard to find a good picture of common Venezuelans at a rally where you can see the faces, but I found this one for a Maduro rally...
Here's a Guaido rally in Caracas..
The above are what I expect Venezuelans to look like....
I can't find any good pictures of Guaido's militia, but they are too damned light skinned, or more accurately...there are not enough dark skinned people.