The “A Republic, If You Can Keep It” News, 22 October 2016

Trump Delivered an Address in Gettysburg Today

The speech was billed as Trump's Big, Fat Policy Speech detailing his first 100 days in office. Here's his plan:

1.) “Sue all the liars…every one of them.” So far, that will be 17 women. The final count is TBD.

2.) Everything else. Break up Comcast and NBC. Make Amazon and Jeff Bezos pay more in taxes. Bar Muslims from areas “with terrorism” from entering the country. Stop AT&T from buying TimeWarner. Repeal Obamacare. Cancel “billions” of dollars in payments to the United Nations for climate change programs. Also cancel EPA regulations. Amend the Constitution to add term limits for the House and Senate. Build wall along southern US border, which Mexico will “reimburse” the US for building. Institute a mandatory minimum sentence of two years in federal prison for any deportee who attempts re-entry into our country.

3.) Increase spending on infrastructure.

Quotes

It was “rambling, unfocused, full of conspiracy theories and attacks on the media, and lacking in any real answers for American families.” Christina Reynolds, speaking for the Clinton campaign, describing Trump's Gettysburg speech.

“…I promise and pledge to all of my voters and supporters and to all of the people of the United States that I will totally accept the results of this great and historic presidential election. If I win.” Republican presidential candidate Donald Trump on Thursday. Maybe joking?

“People look at the Statue of Liberty and they see a proud symbol of our history as a nation of immigrants. A beacon of hope for people around the world. Donald sees the Statue of Liberty and sees a four. Maybe a five if she loses the torch and tablet and changes her hair.” Democratic presidential candidate Hillary Clinton, speaking at the Alfred Smith Dinner (the entire speech can be seen here; it's worth it).

“Market participants believe a Trump victory would reduce the value of the S&P 500, the UK, and Asian stock markets by ten to fifteen percent.” A study written by Justin Wolfers and Eric Zitzewitz (University of Michigan, Dartmouth College)Today's Very Worthwhile Reading: Yes, America's Democracy Could Break Down. It might not be Trump but our system is more vulnerable to a demagogue than you'd think. (By Yascha Mounk, in Politico

Amazing Grace: (1) Lawrence Lessig had the most amazing response to unkind treatment in the Wikileaks Podesta emails. (2) This young man gave the literal shirt off his back to a shirtless man on the subway. And then, he also gave him his hat. (3) The cat man of Aleppo.

Markets, Commodities, and Currencies, as of Close, 21 October 2016

Market Data 10/22/2016

Wall Street Journal

 

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