May 24, 2023

Dow Under

Nikki Grace

Observations on the market. Dow dropped 300 points over night.

Bloomberg has a bs artist on (with a bow tie) saying that Florida and other states should follow California in its ESG management and investment because although Florida has a triple A rating they are paying 40 basis points for borrowing over California, who has actually quietly default on some bonds.

The bs artists says we all know that climate change is the biggest threat we face (NOT NOT NOT) and if Florida would just jump on board, the money brokers (in league with old Joe and pallid Yellen) would reward them with a pat on their head. Of course the ESG lending is a loser and California banks have shown that. But carry on gaslighting.

Liquidation out of the stock market. Liquidation to pay obligations, liquidation to live on, liquidation to move into cash. Liquidation to move capital off shore and out of the reach of the DC kleptocrats who will raise taxes in their next round of fleecing the working and middle class. Nothing like kicking people when they are down.

Posted by: Timothy Birdnow at 12:41 PM | No Comments | Add Comment
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