COMMENTARY FROM jeffmoskin

[thelivyjr]

In the meantime, over in Europe, Draghi is crapping in his pants because the more money he throws at the European economy, the worse it does, so today, the running-scared Draghi decided to pump even more funny money into the European economy to see if this time, it will do something it has failed to do before ...

[thelivyjr]

So, another big show by the Democrats last night …

A lot of screeching and hollering and whining and moaning and nothing of substance that I am aware of, unless it was Julian Castro telling goofy "Uncle Joe" Biden that "Uncle Joe" was too old to be president, which has me thinking the Democrats need to expand their debate format to include a bathing suit contest, and a song and dance act, and the recitation of original poetry by each contestant …

Get Joe Biden and Julian Castro out there on stage wearing speedos and let the people decide ...

[jeffmoskin]

Joe Biden does not do well on TV.

Which, in this modern age, is not good.

And he is likely to do poorly agains tRUMP.

The others looked okay to me.

[thelivyjr]

Joe thinks he does quite well on television …

He can't see it being otherwise …

He was in there with Obama, afterall, where he got to be on TV quite a lot …

And before that, he was a senator, and he used to get on TV a lot …

So in his mind, he has that game licked based on past experience …

As to Trump, Biden is expected to launch himself at Trump and pummel the crap out of Trump on live TV and make him cry like a girl so Joe can proclaim himself as the better man to be commander-in-chief ...

And so ...

[jeffmoskin]

Sleepy Joe is turning into Dreaming Joe.

[thelivyjr]

It will be interesting to see what happens to Joe in the next few months ...

[thelivyjr]

MARKETWATCH

"Dow ekes out 8th straight gain as stocks remain in striking distance of record highs"

By Chris Matthews and Mark DeCambre

Published: Sept 13, 2019 4:22 p.m. ET

The Dow Jones Industrial Average eked out an eighth-straight gain Friday, while the blue chip index and the S&P 500 remain within striking distance of fresh all-time highs as Sino-American trade tensions ease and central banks support risk taking with economic stimulus measures.

https://www.marketwatch.com/story/dow-a ... latestnews

And the real truth is that central bank monetary policy is to promote gambling in the stock markets …

All that other crap they spew about price stability and maximizing employment is all hogwash ...

[jeffmoskin]

They are supposed to promote stability of the Dollar, which they mostly do. Oh, and full employment, which they mostly don't but seems to have happened anyway.

But the full employment happened because so many people are working more than one job, because wages are the same as they were 40 years ago in real terms.

Lucky for us that Chinese TVs and laptops are so cheap or we could not afford them.

[thelivyjr]

But borrowing is up to over a trillion dollars to buy that stuff so for the usurers, the system is working just as intended ...

[jeffmoskin]

We print those billions of dollars. Actually, now we just key the amounts into a computer. As long as we can continue to do this, as Dick Cheney said, deficits don't matter.