Bullish or bearish for markets?
https://www.cnn.com/2021/09/12/poli...bill-3-trillion-climate-provisions/index.html
https://www.cnn.com/2021/09/12/poli...bill-3-trillion-climate-provisions/index.html
Democrat Manchin won't support 3.5t infrastructure bill
- Thread starter KCalhoun
- Start date
CNBC and the rest will spin it however they want, they love drama so odds are it will have a bearish tone, but it's already priced in. The market loves grid-lock. If there were to be some big move down tomorrow because of this, (as a short term trade) that would be a golden opportunity to btd and ride things right back up to where they started.
One thing about Manchin, at least he does what he's supposed to do, and that's represent the desires of his constituency. At least that's the way it appears.
The original ask was $3.5 trillion over 10 years, Manchin says $1.5 trillion. Ok as discussed previously all that means is 5 years. I addressed this on Wednesday with Yellen signaling it’s time to start moving on this stuff because the debt ceiling is coming up in October.
If you’re looking to trade this, you missed it this is last weeks information.
If you’re looking to trade this, you missed it this is last weeks information.
Last edited:
Please check your data
How much of the 300 million are solider salaries, housing, training...All these expenses will remain...in some other country
Some costs are constant, yes. But they will not account for the entire $300 million. Arms, supply chain, and logistics to and from AFG come to mind. And the $3.5 trillion is spread over 10 years.
yes , so you agree that the cost of 300 million a day will not be savings
Did you read what I wrote? No, we won't save the entire $300 million per day.
And none of what is listed has a damn thing to do with infrastructure. You really want to know why all that social justice shit is in the bill? It's in there because they really don't want an infrastructure bill, they just want the food fight for the never ending campaign trail.
Senator Joe Manchin is one of the few sensible Democrats left. They are almost extinct as extreme liberal, radical Socialists and Communists have taken over the Democrat Party.