WHY THE MARKETS ARE TANKING
"Last Oct. 13, in trying to explain why the market had sold off 30% in six weeks, we acknowledged that the freeze-up of the financial system was a big concern.
But we cited three other factors as well:
The imminent election of 'the most anti-capitalist politician ever nominated by a major party.'
The possibility of 'a filibuster-proof Congress led by politicians who are almost as liberal.'
A 'media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises.'
No wonder, we said then, that panic had set in."
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