Cronies, Polluters and Funny Money
What’s Really Killing Capitalism
VANCOUVER, Canada – Hillary is taking the bull by the horns… and putting the knife between her teeth. She is a “take-charge” candidate and aims to let us know.
Yes, earlier his week, she promised to improve capitalism. Now, it’s the climate of planet Earth that has her attention. She’s going to make it better by decreasing carbon emissions – by force, of course.
Saints preserve us! Now she wants to “save the planet” too. Ironically not even the reds and professional scaremongers are happy with her “climate change” contortions (as seen in the Guardian, a hotbed of climate alarmism and a preferred medium of assorted limousine socialists).
Photo credit: Pablo Martinez Monsivais / AP
Next week, presumably, she will vanquish death itself.
But let us turn to the markets. On Tuesday night as the sun set, things were looking up. From Bloomberg:
U.S. stocks rose, ending their longest losing streak since January, amid better-than-forecast earnings and as Chinese equities pulled back from a selloff.
Whether the rebound continues… or collapses altogether… we wait to find out. Unlike Ms. Clinton, we are a slave to God and to the markets; we are not their master.
As we reported on Tuesday, Hillary also wants to punish investors who don’t hold on to their positions for long enough. She never mentioned that meddlers like herself largely caused the problem of “short-termism” in the stock market.
In a free economy, people choose how long to hold on to their stocks, according to what suits them. Some are investing for generations. Some are retiring soon. Some are traders, looking to profit from short-term moves in the market.
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