Midterms outlook

Do you want or know if Trump will keep a congress majority in the midterm elections on November? Take a look at the two charts below: on the top one, you can see the results of the Google search “help with mortgage” over the last 20 years, which happen to include the GFC, where mortgages where the epicenter of the crisis. Today, we’re way above the 2008 peak. On the bottom chart, you can see wages over the last 5 years. Nominally, they have grown 31%, but when adjusted for inflation, they’ve grown just 3.7%. In other words, we don’t make enough money to pay for shelter, which is basic welfare. We can add to the mix the threat from AI, that will take out human jobs, as posterchild by a Jack Dorsey’s 40% layoff announcement. The leader that promises (not even actually delivers) a solution on these problems, will govern with majority. Trump has 8 months to solve problems that has been brewing for years. He might solve the mortgage problem, but how is he going to solve the other two?

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