[Genuine Realist]

Whatever the correlation between DJI and energy prices was, that all went to hell, with oil dropping to under $20 a barrel and the Dow dropping 20% from its peak.

BC

I think dropping oil prices actually correlate directly, since some energy companies are part of the DJ  base.

BTW, I think UBI is definitely going to be on the table, with production capacity likely unimpaired and the services industry taking a terrific short tem hit. UBI has an impact roughly equivalent to my beloved net wealth tax, so I'm for it in principle. I supported Andrew Yang, until (alas!) he proved to be a one-trick pony.

It's an idea the GOP could endorse, since it is somewhat akin to Friedman's old negative income tax. But it probably won't. I could see Trump, whose traditional political alignment was somewhat New Deal Democrat, supporting it.

[Genuine Realist]

Whatever the correlation between DJI and energy prices was, that all went to hell, with oil dropping to under $20 a barrel and the Dow dropping 20% from its peak.

BC

I think dropping oil prices actually correlate directly, since some energy companies are part of the DJ  base.

BTW, I think UBI is definitely going to be on the table, with production capacity likely unimpaired and the services industry taking a terrific short tem hit. UBI has an impact roughly equivalent to my beloved net wealth tax, so I'm for it in principle. I supported Andrew Yang, until (alas!) he proved to be a one-trick pony.

It's an idea the GOP could endorse, since it is somewhat akin to Friedman's old negative income tax. But it probably won't. I could see Trump, whose traditional political alignment was somewhat New Deal Democrat, supporting it.