Trump's "state of union" was a joke.

Trump took 20 victory laps in his state of the union address today, claiming his 3 year as president has transformed the nation from a loser into a winner, blah blah blah.  It amazes me just how long he can go on bragging about the bubble that was already in effect with Obama.  Trump tells us everything is rosy but fails to mention one small point: it's all paid for with debt.  Debt is going up at 6.5% per annum and GDP is only going up at 2%.  And that's only if you forget about the fake CPI.

It's nothing but a giant shell game of debt, ridiculous on its face to anyone who understands economics yet Trump went on and on and on about how great he was.  One thing is for sure: Trump knows how to needle the competition.  Pelosi was so pissed that she ripped the SOTU speech in half in a show of disdain.  While it's all good theater to watch, be mindful that the bulb burns brightest before it goes out.  TSLA stock nearly hit $1000.  Of course, now its just as likely to pull back to the mid $500s again.  All of this wild volatility is not healthy for markets. This is the kind of thing that makes derivatives blow up.  The so called fat tail/black swan events.

But I do have to give Trump credit for one thing: despite all of his bullshit economic lies, he again took a hatchet to big government, this time even going so far as to say that those being forced to go to public schools were "trapped in failing government schools" and spoke about them very negatively.  That's the unions he's attacking there.  That's government bureaucracy.

Additionally, he went on the war path against socialism while pointing out that a huge number of our reps were all for it.  He went on to say how the US was against the socialist leader Nicolas Maduro and even Pelosi clapped for it.  While she might be thinking that Maduro is a twit, she failed to realize that it looked like she was clapping for attacks on socialism.  Trump closed that segment by saying "always remember, socialism destroys nations", another well placed dig at the congressional left.  Of course, crony capitalism always destroys nations as well and as proof that this is happening, the UN chief declared that "a wind of madness is sweeping the globe".  Of course, it's really the wind of conservatism which is beginning to push back against all the liberal bullshit that has pushed the world into a huge corner on the back of liberal monetary and fiscal policies whose only goal is to make the rich richer and keep bullshit leaders in power longer.

Bottom line is that while Trump is an ass, at least it's entertaining and of course the enemy of my enemy is at the very least, better than having yet another enemy.  As such, I wish Trump would tone down such loud ownership of this massive debt infused bubble because otherwise he is going to take all the blame when the bubble finally pops.  Best bet for Trump would be if coronavirus got out of hand and could then be legitimately blamed for a global economic crash.  Which of course makes one wonder about the timing of this "novel" (meaning new, almost as if made up in a lab) virus.  But that is a topic for future posts.