Friday , May 3 2024
Home / Mike Norman Economics / Being caught between a rock and hard place as the old order breaks down

Being caught between a rock and hard place as the old order breaks down

Summary:
1. Never-Trump and "responsible" Republicans are caught in the dilemma now of supporting impeachment and risking the wrath of the large segment of the party that supports the president, risking the likelihood of winning elections in the future owing to a division in the party that will last as long as Trump supporters are alive.2. The Democratic Establishment is facing a similar dilemma of marginalizing the progressive wing of the party, which risks losing progressive support in coming elections as well as being on the wrong side of the demographics going forward.3. The Hong Kong protestors risk the possibility, which is looking ever more like a reality, that China will let the dismal situation  the protests have created turn Hong Kong into a provincial backwater, with land prices

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

NewDealdemocrat writes The snooze-a-than in jobless claims continues; what I am looking for in tomorrow’s jobs report

Bill Haskell writes Monthly payments could get thousands of homeless people off the streets

Angry Bear writes A Doctor at Cigna Said Her Bosses Pressured Her to Review Patients’ Cases Too Quickly

Steve Roth writes How Did Under-40s Get So Much Richer During Covid?

1. Never-Trump and "responsible" Republicans are caught in the dilemma now of supporting impeachment and risking the wrath of the large segment of the party that supports the president, risking the likelihood of winning elections in the future owing to a division in the party that will last as long as Trump supporters are alive.

2. The Democratic Establishment is facing a similar dilemma of marginalizing the progressive wing of the party, which risks losing progressive support in coming elections as well as being on the wrong side of the demographics going forward.

3. The Hong Kong protestors risk the possibility, which is looking ever more like a reality, that China will let the dismal situation  the protests have created turn Hong Kong into a provincial backwater, with land prices crashing and capital fleeing.

4. The US and Saudi Arabia are facing the choice between caving to Iran or blowing up the region and possibility starting a wider war.

The list goes on.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *