Post #41211 by weatherman on the US Policy board

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mea culpa on jpm generalization due to dimon and generic equity analysts...i keep forgetting that data driven, voice-of-reason, macroeconomist m.cembalest is @jpm.

"Here’s the interesting thing about the stock market: it cannot be indicted, arrested or deported; it cannot be
intimidated, threatened or bullied; it has no gender, ethnicity or religion; it cannot be fired, furloughed or defunded; it cannot be primaried before the next midterm elections; and it cannot be seized, nationalized or invaded. It’s the ultimate voting machine, reflecting prospects for earnings growth, stability, liquidity, inflation, taxation and predictable rule of law."
m.cembalest 2025 march

(voting in the longterm of course, but indifferent to shorter term societal costs)

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