Market Talk – January 6, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 587.49 points or -1.47% to 39,307.05 • Shanghai decreased 4.51 points or -0.14% to 3,206.92 [...]
First Casualty of the Election – Ryan Looks to be Booted out Regardless who Wins
Sources on Capitol Hill are saying that Paul Ryan will step down after the election, otherwise known as Eddie Munster from the Adams Family on the Hill. His anti-trump position has not gone well with the new core Republicans and he does not believe he would get the 218 votes to remain as speaker. Ryan is looking like the first casualty of this election regardless of who wins. There is a growing resentment of him among the new real Republicans who reject the establishment including the Tea Party who have always been marginalized first by Boehner and now by Ryan.
Trump has changed the Republican Party is a silent coup restoring the Reagan Democrats (fiscal conservatives) who have been ignored. With all the new groups coming to the Republicans, this is not the GOP of McCain and Ryan to put it mildly.
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