2021-10-01

Stocks Are About to Converge With Social Mood

UVA: New Initiative Explores Deep, Persistent Divides Between Biden and Trump Voters
Significant numbers of both Trump and Biden voters show a willingness to consider violating democratic tendencies and norms if needed to serve their priorities. Roughly 2 in 10 Trump and Biden voters strongly agree it would be better if a “President could take needed actions without being constrained by Congress or courts,” and roughly 4 in 10 (41%) of Biden and half (52%) of Trump voters at least somewhat agree that it’s time to split the country, favoring blue/red states seceding from the union.
The headline is misleading because they call it committment to democracy, but this is the ruling class bait-and-switch that says the current system, controlled by them by authoritarian means, is democracy. There's nothing undemocratic about secession, in fact I'd wager than the Biden and Trump voters who strongly support secession are the most committed to democracy in this nation. It's just that they want a functional democracy that represents their interests, aka they want independence. Something USG regularly supports around the world with missiles and bombs.

Everything except the stock market says the social mood is extremely negative and deteriorating. I see no sign that the ruling class will change its ways. I do see signs the stock market will.

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