Cry for Argentina. What else is there to do after a rout like this? “The main Argentine stock market plunged more than 30% on Monday, marking the second-biggest one day slump anywhere since 1950,” the financial network CNBC reported this week. “Meanwhile, the peso closed 15% weaker at 53.5 per U.S. dollar. The currency had been trading at 45.25 on Friday.”
The Democrats did moderately well in the midterm elections, but not as well as they expected, and they lost the three big races they really wanted to win, the governorships in Florida and Georgia and the U.S. Senate seat in Texas. Winning any one of them would have been impressive, particularly given the generally conservative voting record of those states. Such a result would have cheered the Democratic base, and given momentum to the party for 2020. The Democratic media would have put that winner in the winners bracket in the presidential sweepstakes.