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Monday, December 09, 2019 {{ new Date().getDay() }}

Daniel Nadler and Evan Schnidman argue that a weak dollar may benefit those with stock portfolios and pension plans in their column, “Strong Dollar Advocates Make A Weak Case:

In almost every recent Republican presidential debate, some candidates have advocated for a “strong dollar.”

Among the more extreme views are the push by Representative Ron Paul for a return to the gold standard and the statement by Texas Governor Rick Perry that Federal Reserve Chairman Ben Bernanke may have committed treason, a crime punishable by death.

What gets lost in this clamor is any discussion of winners and losers from a strong U.S. currency, and the recent correlation between the greenback’s strength and declines in the stock market.

A study we recently conducted indicates that investors — who constantly look for the most predictive correlations and lead indicators — could have done little better over the past five years than by tracking the relationship between the dollar and the Standard & Poor’s 500 Index. We found that simply looking for an intermediate high in the dollar could have successfully predicted every intermediate S&P 500 market bottom over the past five years (see attached figures).

Triumph, the Insult Comic Dog

What makes Trump supporters so loyal to a president who is wrecking the country and the world is one of the great mysteries of our time. And the latest political scientist to ponder this problem is Triumph, the Insult Comic Dog, whose obscene, cigar-chomping wisecracks you may recall from his many appearances on Saturday Night Live.

Now working as a "correspondent" for Stephen Colbert's Late Show, Triumph recently convened a focus group of real live Trump supporters to discuss current issues, such as the dismantling of Confederate statues and unemployment. The group watched some fictional Trump-Pence campaign ads to gauge their reaction to potentially extreme proposals by their idol.

Even Triumph, who always presumes human stupidity, was exasperated by their answers.

It's uproariously funny, the way only a gang of mindless Trumpists can be.