[RoninLB]

The Rep's took over Congress 12yrs ago with an appealing agenda. They morphed into the traditional hacks that was the Dem's area. Redistricting secured everyone's position in next year's election with maybe 3 or 4 contested races.

Even w/the Rep's extraordinary spending on social spending household wealth has been steadily increasing since the tax cuts. The trade deficit means we're exporting inflation +. Jobs are plenty full and economic velocity is high. There's so much liquidity available that blue collar guys can speculate on housing. Congress passes business restrictions and still the economy keeps bopping along.

It seems that as long as the US is economically stronger than Europe, India, and China the party will keep going. The most serious threat is from a Congress passing trade restrictions or increasing taxes. The Fed Reserve seems to be keeping the $ confidence high, so far.

I watch the 3mo treasury mkt for a heads up. The Discount Rate isn't a leading indicator. It's more of a lagging indicator of what's happening to the 3mo % even thou the Dis R gets all the press.

party hearty while it lasts.