Bidenomics (actually Biden/Harrisnomics) is all about huge payoffs to large, powerful donors. A good example is The Chips Act, intended to bring chip manufacturing back to the US from Taiwan, China, etc. Biden/Harris doled out $8.5 BILLION to Intel … which just laid off 15% of it’s labor force or 15k workers.
Intel has suspended dividends and its stock price has crashed from above $45 in March now down to $21.48, a 53% loss in 4 months.
Bear in mind that a Harris Presidency would be more of the same wasteful, Communist-style centralized economic (mis)management. Perhaps even worse.
And on that dreadful jobs report on Friday, the VIX fear index soared (white line) to its highest level since March 2023.
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