2025 Election Impact - Kirk killing, CNU poll, RGA spending $
Michael Jackson, Led Zeppelin, and Dave Matthews - LIVE
“I disapprove of what you say, but I will defend to the death your right to say it.”
Ah…those were the days.
That quote is attributed to Voltaire.
Actually? It was…{click here to find out}
Weekly Zoom 11am today:
Register here
Today’s topics:
Impact of Charlie Kirk’s killing
Karl Rove in WSJ ‘They’ Didn’t Kill Charlie Kirk - It insults his memory to blame political opponents for one man’s heinous act.
CNU poll - linked here
Republican Governors’ Association $4.7MM spend
Modern-Day Punchbowls by John Mauldin
When Bernanke first used QE, many analysts said it would be inflationary, only to see inflation stay stubbornly low. Were they wrong? I don’t think so. I think it showed up differently as asset inflation rather than the price inflation that CPI tries to measure. The effects were different but no less harmful.
Higher asset prices aren’t bad if they occur because of good business practices and services. Or even exuberance. But the Fed does not have an upspoken third mandate to drive stock market prices. Or as with any good or service, higher prices happen naturally when demand exceeds supply. The problem occurs when central banks use their tools to juice demand in ways that produce few other benefits.