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    Volatility Reports 11/9/21

    November 9, 2021

November 9, 2021

Volatility Reports 11/9/21

What do we know? What are the facts that are undeniable?

We know that since the Reagan revolution 45 years ago the power regime changed. With that, the fiscal policy of the United States changed. With the 1980 election came a very long-term break from Rooseveltian “New Deal” fiscal policy. By the election of 2020, the major change was clear from the “New Deal”  to the new “Gilded Ages” pro-business laissez-faire now called neoliberal, aka new liberal. What also changed from 1980 to date is the configuration of the house/senate and the president’s parties. Gridlock has been the configuration of governmental power in the majority over the last 40 years.

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