william the wie
Gold Member
- Nov 18, 2009
- 16,667
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A serious question.
It's not a lack of money. If you look at the top 50 richest Americans the majority are Ds. If you look at the self made top 50 they are almost uniformly D. Trump at $300 M is not top 50 while the Waltons and Kochs are not self-made by any definition.
But look at the benches since the 1976 election of Jimmy Carter no "mainstream" D has won the presidency. The D bench is getting older across the board. This has been commented on. For example the vast majority of R candidates at the first debate were younger than any of the four D candidates.
If you go to a stock screener: AOL, Yahoo, Value Line or whatever; and look for low beta/relatively high minimum div yield say 3% you will see something curious. Blue state municipal bond ETFs paying higher tax exempt yields than taxable treasury yields. This is very odd. So, the blue states are headed for some sort of cascading default wave.
Any idea why the above is happening?
It's not a lack of money. If you look at the top 50 richest Americans the majority are Ds. If you look at the self made top 50 they are almost uniformly D. Trump at $300 M is not top 50 while the Waltons and Kochs are not self-made by any definition.
But look at the benches since the 1976 election of Jimmy Carter no "mainstream" D has won the presidency. The D bench is getting older across the board. This has been commented on. For example the vast majority of R candidates at the first debate were younger than any of the four D candidates.
If you go to a stock screener: AOL, Yahoo, Value Line or whatever; and look for low beta/relatively high minimum div yield say 3% you will see something curious. Blue state municipal bond ETFs paying higher tax exempt yields than taxable treasury yields. This is very odd. So, the blue states are headed for some sort of cascading default wave.
Any idea why the above is happening?