Letters To The Editor - November 10, 2024

Dear Editor,

Markets speak truth when pundits speak narratives. Since Donald Trump's win, the Dow and S&P had their best week of the year - the invisible hand signaling optimism about reduced regulation and bureaucracy.

Those who bet against American dynamism and entrepreneurship consistently lose. The market is pricing in the potential for renewed business confidence and animal spirits.

Rather than resist reality, smart players are positioning for the changes ahead. That's what markets do.

Principles over politics,

Chad C.

Okay. Three days after the election, democracy held. There were no claims of election fraud like was predicted. Notice how Biden and Harris commented, handled the election results, and promised to work together on the transition. Character matters.

Now the real questions are coming.

One day after the election, Elon Musk made $26 billion and Jeff Bezos 7.1 billion. But bond markets are predicting increased future inflation and interest rates. Who is winning there?

Also, raising taxes in the form of tariffs and lowering taxes for the highest earners and corporations will cause a shift to the rest of us. That's what the markets have been telling us for the past few days. Further, deporting people will hit food budgets if immigration promises are kept. Ask the farm groups.And what about health care or the Affordable Care Act?

This is now on Republicans. But we all have a stake.

So, the President-elect has two choices:

1) Renege on his promises (or were they lies?).

2) Follow through on his promises and create hardships.

More can be said, but there is a lesson in everything. Maybe we will learn to become more critical and media literate after this. I am an optimist.

By Greg Stephens