No, the crashing Dow is NOT the fault of Kamala Harris . . .

Photo above - Part of the US government's "strategic stockpile" of 1.4 billion pounds of cheese. "In a cave up in the hills", somewhere in Missouri. No, I'm NOT kidding . . .

No, this isn’t a “stock market correction” yet. But we’re off to a good start. A correction is a decline of 10% from recent highs. The Dow is off 5% in less than a week. The S&P 500 is down 6%. The Nasdaq . . . 8%.

Bitcoin IS having a correction. It’s off 15% overnight, and described as being in free fall. The S&P 500 is down 300 points in pre-market trading at 7am. That’s because the Nikkei (Japan) is off 12% this morning, and they ARE open. That's a "correction", too.

Investors (including 401K account holders) may be justified in fearing Kamala’s hilarious wish list of tax increases. And that the UN and EU trying to beat her to punch by hitting everyone, everywhere, with a “global wealth tax”. This will probably stop global warming in its tracks, and solve poverty worldwide, right?

The problem is – and always has been – there’s not enough money to pay for everything governments' want to buy. They want to buy stuff, and give it away free to voters, so they will be remembered fondly on election day.

This is how a $35 Trillion national debt is created. Spending twice what we collect in taxes. Having 800 global military bases. Supplying two armies (Ukraine and Israel) simultaneously. Pandemic business shutdowns, accompanied by pandemic stimulus to keep people from marching in the streets. Catering to every single-issue voter group, from friends of the spotted owl, to EV fanboys, to strategic cheese stockpile dairy farmers.

I love cheese. But I don’t want to pay $35 trillion for it. If you have evidence that our 800 US military bases have curbed Russian and Chinese adventurism, please provide a link. We had 100,000 Ebola virus moon-suits in government warehouses in 2020, but not enough N95 masks to even last a week during the Covid 19 pandemic. We are seriously bad at stockpiling things. And curbing our appetite for spending.

So Bitcoin and stock markets worldwide are finally selling off. They were priced to “perfection” – that is, they were expecting zero bad news. They've been overbought since the Trump era.

None of this is Kamala’s fault. Or Trump's. Or Bidenomics. It’s about reality finally catching up with fantasy. US Taxes will be going up. Corporate earnings will be going down. Our 401K accounts will lose a scary amount of value. Houses, too. Unemployment will rise dramatically. All of these are linked together. If you don't understand why this is true, you might be in the wrong form. Or a socialist with $100,000 in student loans for a philosophy degree, working as a Starbucks barista, charging people $7.50 for a Vanilla Bean Creme Frappuccino .

I’m just sayin’ . . .