Blockcast column says assets may keep rising once the U.S. midterm picture is settled
Blockcast carried a commentary from the "Madman Trend" column arguing that fast inflation and a sharp drop in living standards were the main reasons Democrats secured both chambers. The piece says daily life in the U.S. has become noticeably more expensive, citing a near doubling in oil prices since the Iran conflict, rising food prices, and broader increases in transportation-linked costs. It also describes behavioral changes among consumers, from quickly sold-out supermarket discounts to slower driving habits and home listings across California as some residents move to lower-cost states. The article contrasts that pressure with the position of wealthier Americans, who it says are benefiting from high interest income and gains in U.S. equities, while workers bear the underlying cost. Based on that view, the author argues that whichever party is in power, the current environment leaves few options other than continued inflation to keep the U.S. economy running. The column’s conclusion is that once the midterm election outcome is fully determined, asset prices will continue to rise and more money will continue to be issued. The original article also states that the views are the author’s own and do not constitute investment advice.
