Tag Archives: 2008 Financial Crisis

Ronald Reagan Vs. The Joker | Election 2020 2

The times they are a’changing! Maybe it’s just turning 40, but I really do think US politics and society are undergoing a bit of a sea change. Nobody can argue that the past three years have been fun. On the other hand, I think that, so far, this period of transition is infinitely less bruising than the one the country went through in the 1970s and 1980s. In today’s video I try to knit the New Deal and Reagan eras into a single narrative of progress and change. It is punctuated with Joker level chaos of course.

I really do believe that 2020 presents an opportunity to help the country move on to its next cycle of growth and progress. I have no idea who would best represent and shape that change. But I do know that whoever gets elected in November, even if it’s Donald Trump, will have that opportunity. I’d really rather it wasn’t Donald Trump. Today’s video sets out my general attitude to US history and the 2020 election. It’s useful viewing if you want to know my biases before this year of election madness.

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Video Transcript after the jump…

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The Stock Market’s “Trump Bump” Is Over | Markets Are Dumb 2

With today’s video we go all in on discussing the US stock market. There’s this idea that stock markets are somehow rational, or serious. People who talk about it are always wearing suits, and we put a lot of effort into making all the details of interest rates, portfolio management, and valuations seem boring. The stock market is none of these things. In fact it’s nuts. By going through the history of the “Trump Bump”, I attempt to draw the curtain back a bit.

Unfortunately, watching the video, I think I screwed something up. It’s not that the story I put forward is wrong, it’s just that I left too much out. The video falls into the “Presidents impact everything” school of commentary. I hate that school. The differing views market makers took of Trump and Obama are tremendously important to this particular economic story, but that doesn’t mean that presidents are actually all that powerful. I really don’t want to create that impression, and I apologize if I did so with this video.

If you’d like to earn my undying gratitude, please click here to support this project through Patreon. Please do reach out to us through Twitter, Facebook, Youtube, or our e-mail newsletter.

Video Transcript after the jump…

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