Why aren’t markets tanking?

Why aren’t markets tanking?

I'm seriously asking. Why isn't the DJIA in the toilet right now? I've always heard that markets value stability and predictably above all. That bit of CW seems to have gone by the wayside. What the fuck are investors thinking?

Comment Rescue: Word of the day is “malleable”

When my esteemed co-counsel said this in the comments:
One more reason why the Democratic Party sucks. They WANT people with no (relevant) skills of their own as long as they are malleable Third Way types.
...I thought of Ken Simpler's Simple plan. The one for the state government to act as a kind of federal reserve bank, letting money out into the world to keep the economy from getting too cold or too hot. As Alby observed, that idea is DOA being illegal. However, what if the point wasn't the idea but the tone? What if Simpler is auditioning to be the next acceptable Republican? ...a GOP candidate acceptable to Tom Carper and Chris Coons?

Open Thread For October 12, 2017

BREAKING: Trump Threatens To Abandon Puerto Rico Relief Effort.  "“We cannot keep FEMA, the Military & the First Responders, who have been amazing (under the most difficult circumstances) in P.R.…

Open Thread For October 11, 2017

BREAKING: Here's Why Tillerson Called Trump A Bleeping Moron. Here's another version.  He called for a, wait for it, 'tenfold' increase in our nuclear weapons arsenal at a July meeting. …

Occasional Words from the Resistance

Last month I received as a birthday gift the Collected Essays, Journalism and Letters of George Orwell, first edition in four volumes.  I reacted like little kid under the Christmas tree.  It’s incredibly satisfying when people close to you know you well enough to give the perfect gift.  Something's functioning properly.  Feels good.

CZA Regs Meetings to be Shrouded in Secrecy – Part 1

John Carney has a real penchant for secret meetings. We are currently developing a story based on a (DNREC) invitation to "stakeholders" regarding Coastal Zone Conversion Permits. The meeting invitation promises participants that their participation in the Regs writing process will shrouded in secrecy and cloaked in confidentiality.