November 6, 2024

Wednesday

The sun did, in fact, rise this morning.

photo published in /2024/11/06 at 4:35 PM

America’s growth engine may be the envy of the world, but it is not the envy of the American public.

I think the disconnect between the real economy, with its very real soft landing, and the perceived economy, with its lingering sting of inflation, really impacted the election. People know what they know, and, these days, people know the price of gas, eggs, bread, dog food, and other everyday items. “Soft landing” doesn’t mean much when you’re still salty about paying $4.83 for a dozen eggs a year and a half ago.

link published in /2024/11/06 on March 15, 2025 at 11:31 PM

But analysts and investors noted that the reaction looked stronger than just relief, with traders preparing for more government spending, lighter regulation, bigger deficits and accelerating growth under a Trump administration and at least partial Republican control of Congress.

Only one of those things sounds good to me, but, yeah, stocks are up today.

link published in /2024/11/06 on March 15, 2025 at 11:32 PM

Some Was True is my corner of the web for publishing observations and commentary on various topics I find interesting. I use the process of creating and publishing content to learn about everything from history and tech to sports and culture. The About page has more information about the background of the site and details on how content is organized.

Tags

economy, stocks