866: Buoyant market and housing; blue-state governors demand taxpayer bailout. @LizPeek

Published: Dec. 16, 2020, 3:45 a.m.

Image:  California small business: catalog of Wave-Power Air Compressing Co.   Elizabeth Peek.@LizPeek, Fox News and TheHill; in re:  Not only the Pfizer vaccine, but Moderna; both “highly effective.”The market is reading the headlines, not the stats. The vaccine roll-out is proceeding smoothly; 20 million Americans to be vaccinated in short order. In Washington, the negotiations on stimulus or sending aid to those who need it.  are Lucy and the football.  New York and Cali governor, whose budgets are disasters, putting hundreds of thousands out of work; relief probably to be delivered by the end of the year. The market is buoyant.  It’ll be the third quarter before we can have sports events, or Broadway theater, by which time the risk will be much less.  Case count is exploding while the fatality rate is very low, as we’ve learned a great deal about therapeutics. Consumers have money and are spending it. The first half of 2021 should be good—what could go wrong: the Georgia elections leading to tax increases. Perhaps normality by Q3 of 2021. Never seen an economy accelerate as taxes are rising; and a lot of tax money will go to unproductive matters: expect a huge surge in climate change initiatives.  Another green company went bust, costing a lot to taxpayers.   Solar panels are cheaper because they’re subsidized. Housing is so good you can't even buy wood in the US—all over the country—as people flee to the suburbs and countryside.   New York is in trouble. Part of it is the disease, and part is the response to the disease: catastrophic. DeBlasio speaks of shutting down the city again. His indifference to small businesses is staggering—also Cuomo, Newsom.   California, New York, Illinois, New Jersey, large blue states:  all want a handout.  Corporations and families are moving to Texas and Florida.  Taxes will rise precipitately in blue states—about 30% of the country.  Blue governors will use funds to paper over all the [promises] made to government employees.