Project Syndicate: A Cautionary History of US Monetary Tightening

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Live from Jackson Hole 2015 Weblogging: Peggy Noonan Wall Street Journal column or Onion parody?

Peggy Noonan: America Is so in Play: "Something is going on, some tectonic plates are moving in interesting ways...

...My friend Cesar works the deli counter at my neighborhood grocery store. He is Dominican, an immigrant, early 50s, and listens most mornings to a local Hispanic radio station, La Mega, on 97.9 FM. Their morning show is the popular “El Vacilón de la Mañana,” and after the first GOP debate, Cesar told me, they opened the lines to call-ins, asking listeners (mostly Puerto Rican, Dominican, Mexican) for their impressions. More than half called in to say they were for Mr. Trump. Their praise, Cesar told me a few weeks ago, dumbfounded the hosts. I later spoke to one of them, who identified himself as D.J. New Era. He backed Cesar’s story. “We were very surprised,” at the Trump support, he said. Why? “It’s a Latin-based market!”

And the answer is: Peggy Noonan Wall Street Journal column!

Doug J.: Anthony works in the grocery store: "Meanwhile, back on planet earth:

A new Gallup poll released Monday evening found that 65 percent of Hispanic voters say they have an unfavorable view of Trump, compared with 14 percent who view him favorably— yielding him a net favorable score of -51, well below any other presidential candidate.