How Does a Joe Biden Presidency Affect the FIRE Community?
The Trump era is now at an end. Despite a once-in-a-generation pandemic, blatant attempts at voter suppression, and unfounded claims of voter fraud, the US pulled off not just a free and fair election, but an election with the highest turnout ever in recorded history. And as of today, every news network (including Fox News) has projected that Joe Biden will be the 46th president of the United States. But, as with everything 2020-related, there’s always the chance that things go sideways. It ain’t over ’til the fat lady sings, or in this case, until Trump’s army of Republican lawyers […]
Is There Another Upset Coming in the US Election?
Are you ready, America? Tomorrow, voters officially go to the polls and after that, everything in the world’s largest and most important democracy changes. It wasn’t that long ago (thought it FELT like ages) since Trump’s come-from-behind upset victory over Hillary Clinton in 2016 turned the entire world upside down and sparked our national addiction to Twitter and Xanax. The similarities between that election and this one are striking. Like then, every credible poll is predicting not only a Democratic victory, but a landslide. Like then, an established Washington insider with decades of experience is running against a blow-up-the-establishment bomb-throwing […]
What is a K Shaped Recovery?
As a planet, we have been going through quite the shit year, to say the least. What started off as a strange-sounding disease being reported out of Asia has spun into a worldwide pandemic, a stock market plunge, and a worldwide recession. Through it all, economists and politicians (and one in particular) have been predicting an economic recovery, but the nature and “shape” of that recovery has been up for endless debate. Will it be a miraculous rapid V shaped recovery, as the President keeps crowing? Will it be a protacted U shape? Or maybe the math-nerdy Reverse Radical shape, […]
The Fate of Obamacare: 2020 Edition
God, I haven’t done one of these posts in a while. I really don’t want to do one of these posts. After the exhausing spectacle of 2016 when Republicans, having just seized control of the House of Representatives, the Senate, and the Presidency, tried again and again to make good on their promise to repeal and replace Obamacare, only to be thwarted by the slimmest of margins. Despite having a majority in the Senate, 3 Republicans, Lisa Murkowski, Susan Collins, and John McCain, surprised everyone by breaking party ranks to vote against the repeal measure. And in 2018 when the […]
Why is the Stock Market Up While Employment Is Down?
This has been a weird year to say the least. Back in January, if anyone mentioned Wuhan, most people would have said “Where’s that?” I miss thse days. It was a simpler time. Now we’ve been hit with a global pandemic, a sputtering economy, closed borders, and rampant unemployment. By any commonly accepted metric, whether it’s GDP, unemployment, or whatever, the economy is still nowhere close to normal. And yet stock markets are actually higher than where we started the year. How can this be possible? How can Wall Street be looking so rosy and optimistic when Main Street is […]