Halloween brought ‘small scares’ to markets, as Oil treated its tricky path lower. There were few tricks during the session’s evolution, while politicians indeed engaged in treachery to blame opposing sides for every aspect of the FBI-revived e-mail confusion, to the point of not considering what the case would be if ‘revelations’ (or just investigation) were seen as ongoing during the Election finale, but not reported to the population until after.
US Attorneys already generally opined that there was not a ‘Hatch Act’ issue (Harry Reid brought that up) while Reid tried to toss it to Trump by mentioning his former manager’s business deals in Ukraine/Russia. It’s all tawdry politics, at least the Reid stuff, and I don’t think too many are inspired by leadership either way in this Election. In any event, I’m not going to expand beyond what you know in the news now, and tried my best to cover some implications recently.
If there’s one legacy of this election, perhaps it will be the civics lesson (of what to do and not to do; but also greater awareness of intricacies in governments and governance) and an understanding of forward ‘risks’. To that end, the Nation should be thankful.
Peter Thiel, whether one agrees with his politics or not, mentioned one of the major issues really threatening the ‘baby boom’ generation who became such spenders so as, perhaps, not to emulate their parents who emerged from Depression era frugality and retained it as a conservative fiscal mindset thereafter.
Peter’s reminder to the Press that over half our aging population has so little cash reserves, and that most go into retirement in a state actually of ‘actuarial bankruptcy’ as he termed it, should really be a wake-up call that transcends anyone’s views about who should be elected next week.
In-sum: The conflicting viewpoints of this American version of Brexit highlights the need to ‘drain the swamp’ as some say, but also a realization of just how complex a challenge that would be. One can’t just swoop-in and change everything, which is what some fear could happen.
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