Stocks and the dollar leapt higher Thursday while bonds remained under pressure as investors bet that a Donald Trump presidency could mean more fiscal stimulus, lower corporate taxes and higher inflation. WSJ.
The Donald is good for a rise
in ev'ry legit enterprise;
the stock market soars
and shoppers in stores
economy now do despise.
OPEC’s oil production rose to record highs in October and is expected to remain elevated this month, a top industry watchdog reported Thursday, highlighting the challenge the cartel will face hammering out a plan to cut output at its meeting later this month. WSJ.
The sheikhs that are sitting on oil
give their accountants hard toil
to come up with ways
to make the stuff blaze
so they can keep dressing in voile.
For one group, the post election reaction has been electrifying. Yes California, a grass-roots organization with 3,000 or so supporters, has for years been trying to persuade Californians to take up the cause of secession. NYT
If Californuts want to leave
I do not see cause to bereave.
The state's full of smog
and Hollywood grog;
deport 'em all on the qui vive.
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