General Category > Economy/Business
Here’s how traders think the markets will react to the U.S. election,.....
catfish1957:
https://www.marketwatch.com/story/heres-how-traders-think-the-markets-will-react-to-the-u-s-election-according-to-one-brokers-survey-11602070191?mod=mw_latestnews
<snipit>
The biggest fear for market participants from the election is no result at all, at least according to one survey of market participants.
Nomura’s Singapore-based currency team, for a second time, polled their clients on how they felt global markets would react. The more recent poll was conducted between Sept. 30 and Oct. 5, a period that included the first U.S. presidential debate as well as the hospitalization of President Donald Trump for COVID-19.
By far the worst scenario for the stock market, as measured by the S&P 500, would be no clear winner, according to this survey. The best scenario would be a re-election of Trump with a Republican Senate. Everything else would be a languid shrug.
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Behind the scenes brokers, investors, and anyone else with a lick of common sense knows that a Biden-Harris-AOC administration starts the death spiral toward socialism, and national debt reaching $40T by 2024. I am deeply saddened that Biden is putting on this Trojan Horse centralist act to win the election.
I for one, will and would hope others too plan a financial boycott a Biden presidency, where NO big ticket items are bought. Just the essentials. We have to destroy him before he destroys us.
jafo2010:
When Trump ran, he was really an unknown quantity. Conservatives did not trust he would attempt to complete his campaign promises. But he did try, not getting much support from Congress along the way.
Biden on the other hand is no mystery. If Biden wins, we get dramatic tax increases. More regulation. And corporations resume their flight from the USA for foreign lands. It would mean millions of jobs lost permanently. Biden would fulfill the Obama forecast, of one percent growth being the new norm.
And every American that votes for Biden deserves what they get. UNEMPLOYMENT, SICKNESS and DEATH. Yes, it will be that extreme. And the workforce return to no wage growth for the next 4-8 years. FOR REAL!!! Welcome to Slavesville, yes, the Unites States of Slavesville.
IsailedawayfromFR:
--- Quote from: jafo2010 on October 09, 2020, 11:47:39 am ---When Trump ran, he was really an unknown quantity. Conservatives did not trust he would attempt to complete his campaign promises. But he did try, not getting much support from Congress along the way.
Biden on the other hand is no mystery. If Biden wins, we get dramatic tax increases. More regulation. And corporations resume their flight from the USA for foreign lands. It would mean millions of jobs lost permanently. Biden would fulfill the Obama forecast, of one percent growth being the new norm.
And every American that votes for Biden deserves what they get. UNEMPLOYMENT, SICKNESS and DEATH. Yes, it will be that extreme. And the workforce return to no wage growth for the next 4-8 years. FOR REAL!!! Welcome to Slavesville, yes, the Unites States of Slavesville.
--- End quote ---
I'll add that every eligible American that chooses not to vote deserves what they get as well as they have tacitly agreed to accept the will of others to rule over them rather than execute their duty as a citizen.
GtHawk:
--- Quote from: IsailedawayfromFR on October 12, 2020, 01:45:38 pm ---I'll add that every eligible American that chooses not to vote deserves what they get as well as they have tacitly agreed to accept the will of others to rule over them rather than execute their duty as a citizen.
--- End quote ---
Agree, we had a friend that made a point of telling us he didn't vote and the next time he bitched about how things were going I told him to shut up because until he voted, and I told him I didn't care how, he had no right to complain.
catfish1957:
--- Quote from: GtHawk on October 12, 2020, 04:21:03 pm ---Agree, we had a friend that made a point of telling us he didn't vote and the next time he bitched about how things were going I told him to shut up because until he voted, and I told him I didn't care how, he had no right to complain.
--- End quote ---
The old axiom is that Americans vote with their pocket books. At last glance 58% of us have 401K's or IRA's. The entire populus needs to look at the high between January and November 2020. Becuase if Biden is elected, it will be likely the inflation/contribution adjusted high water mark for their entire lifetime.
A Biden victory puts me in position of advocating an extreme bear outlook. Whether this will be in the form of a equity meltdown or hyper-inflationary spiral is yet to be seen. Sadly your very few of the people in this country understands basic economics. And one of the most cardinal rules of economics is when you spend way past your means, typically leads to bankruptcy.
We are a bankrupt country right now.... It's just a fact the consequences have not caught up to the dirty deed.
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