This time, you can thank Washington for the stock market’s rise

small washpo

Buried under a difficult week of news about race and violence in this country was a big economic story. The U.S. stock market traded at historical highs, and yet as recently as two weeks ago, many market observers were warning of a recession. Here’s why this shouldn’t come as a surprise.

In the land of the blind, the one-eyed man is king. Look around the world and the reality is that there simply isn’t a better place for investors right now. Thanks to former British prime minister David Cameron, the European Community will now suffer through a two-year Hamlet-like grappling by the English of how to handle Brexit. The United Kingdom’s economy is in neutral. Meanwhile, the Euro continues to operate as a fiscal hammer lock on the economies of Greece, Italy, Portugal and the other EU countries not named Germany.

China’s economy is propped up by a …

Read entire column at

Your email address will not be published. Required fields are marked *