The Misadventures of Moscow Mitch--From Newsweek: Mitch McConnell May Be In Jeopardy of Losing his Senate Seat if He Doesn't Deliver Bailout Bucks to Kentucky |OPINION
Berry Craig
By HANK GILMAN
welcome to On the Street #12. I'm sick of Wall Street, aren't you? After a nice run of euphoria, the S&P 500 Index dropped 4.8 percent last week. Investors, whoever they are, were suddenly unnerved by, among other things, a Fed prediction that we're in for a long economic slog. But isn't that what Fed Chair Jerome Powell has been saying all along? Jeez, folks, go easy on...whatever. Other than that, here are a few thoughts on the Fortune 500, tricks of the bailout trade and Kentucky Sen. Mitch McConnell's upcoming smackdown with Amy McGrath—if she wins the Democratic U.S. nomination that is. (See Loose Change below.)