floodgates

Every major economy just opened the stimulus floodgates. Inflation is coming back whether they admit it or not.

Current situation: 1. The US is preparing $2,000 stimulus checks 2. Japan is preparing a $110 billion stimulus package 3. China has approved a $1.4 trillion stimulus package 4. The Fed is officially ending QT on December 1st 5. The US is issuing~$1.9 trillion in treasures per year 6. Canada …

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JOEL KOTKIN: This is the end of the Democratic Party as we knew it. Joe Biden’s withdrawal will open the floodgates to unrestrained California-style progressivism.

The end of Joe Biden’s presidency also signals the demise of the old Democratic Party, with its roots in liberal ideals and advocacy for ‘the common man’. Although Biden, to his own detriment, chose to adopt the progressive views now dominant in the media and political apparat, he remained, at least superficially, …

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