How do Bulls account for this?

Meanwhile, in China…
 
   
     
   
It may surprise you to know that I’m a pro-union person. 

Not the “beat scabs with a lead pipe” kind. Nor the “throw your body on the gears of the machine” kind. But the "anyone should be free to pool resources and bargain collectively" kind.

Unions increase labor’s market power. So long as they don’t get a pass on violence or fraud, then unions — to me — just represent another way to compete. 

Recently, rail workers had been doing just that — pooling power to get more value for their work. At least until the House of Representatives put the kibosh on it with a law aimed specifically at rail employees choosing the conditions under which they are willing to work. 

Now its up to the Senate to create a new class of slaves. 

Oh well, the ends justify the means, right? At least the end here benefits the greater good. 

To be sure, we can expect rail workers to dutifully (and peacefully) go back to work. After all, legislators know what’s in the best interest of everyone. Surely, those humble laborers appreciate legislative perspicacity and can see how vital their work is to the country. 

I mean it’s Christmas after all. 

Thing is, people tend to take what’s right for them into account. 

And when they do, you get what’s happening right now in China…
   
Signature Don Yocham
 
Don Yocham
P.S. Exclusive trade ideas… Market insights outside the mainstream… and sizzling discussion. Plus, I go live once in a while with a live trading session. Click here to join my FREE Prosperity Pub Telegram channel now.
   
 

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