HOW IT STARTED: “If the question is when markets will recover, a first-pass answer is no.”

—Paul Krugman, the New York Times, Election Night 2016.

How it’s going: S&P 500 closes lower Wednesday, but wraps 2025 with a 16% gain.

—CNBC, yesterday.

The Dow Jones Industrial Average closed on Election Night 2016 at 18,332.74. It closed yesterday at 48,063.29. That’s a gain of almost 30,000 points. For 2025, those zany right-wing Tory-loving capitalist “greed is good” Gordon Gekko types at the Grauniad reported yesterday that “The Dow Jones Industrial Average gained 13.4% during 2025. The tech-focused Nasdaq Composite rallied 20.5%.”

MY LATEST SUBSTACK ESSAY: UBI For Me But Not For Thee? When a nation is colonized from the inside out.

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THE PRESS WILL FAKE ONE FOR THE DEMOCRATS, LIKE THEY DID FOR CLINTON IN ’92: Beware the Democratic ‘pseudo-recession’ that’s destroyed past presidents.

Slumlords have a bad press. The average editorialist has nothing good to say about them. Advocates for the poor excoriate them. The complaints? They exploit poor people. They profit from poor people’s misery. They charge all the market will bear. They are rotten. Grinches.

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