Events of the last few days have made one thing crystal clear: The Democratic Party (and therefore the nation) is being led by two doddering old fools who should be domiciled in a rest home, not the Oval Office and the Speaker’s Chamber.
How that baleful reality coexists with Wall Street’s expectation of an awesome economic future and stock prices which never stop rising to the sky is one of the great enigmas of our times. Or maybe it’s just because $10 trillion of fiscal and monetary “stimulus” in the past year can turn the proverbial sow’s ear into a silk purse. For a time.
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