Outlook darkens for Wall Street as Biden's regulators take shape
- Thread starter ajacobson
- Start date
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Unless he is dumb enough to cow tow to Cortez + most likely he is not that dumb/LOL,looks good .Actually Delaware has always been business friendly.
I dont expect XOM + CVX to do as well all year as they have in JAN.
But XOM,CVX do pay good dividends+ got so low in 2020, so its really hard to predict accurately all the time.....................................................................................
Since Wall Street and the Financial Industry contributed $200M to Joe Biden's campaign, you'll be seeing platitudes and lip service to the left but no substantive changes. Joe has always taken care of his top tier contributors - just ask the credit card companies like MBNA and the predatory consumer lending banks incorporated in Delaware.
https://www.opensecrets.org/2020-presidential-race/joe-biden/industries?id=N00001669&src=t
https://www.opensecrets.org/2020-presidential-race/joe-biden/industries?id=N00001669&src=t
Can't keep going Nasdaq nearly +100% since april, madness!! ES Similar, while the world falls to pieces, markets are not based on reality, must remember this.
Can't rule out it won't be up another +100%, companies making more money as they've sacked all the Covid ridden staff and went 100% Robot's, unemployment issue solves itself eventually, yep they become homeless and drop of the radar / starve / freeze to death.
So Biden, will have no issues letting everyone get into loads of debt which they won't be able to pay back, so houses taken off them and as the Great Reset says, you'll own nothing, that'll sort that out.
Can't rule out it won't be up another +100%, companies making more money as they've sacked all the Covid ridden staff and went 100% Robot's, unemployment issue solves itself eventually, yep they become homeless and drop of the radar / starve / freeze to death.
So Biden, will have no issues letting everyone get into loads of debt which they won't be able to pay back, so houses taken off them and as the Great Reset says, you'll own nothing, that'll sort that out.
Whatever Congress and Senate decide, he will go with it, won't raise any objections. His role as president will be limited to signing the bills.
And the same can be said for Schumer. I'm sure we'll see lots of noise from a junior faction in the House that isn't really powerful enough to drive any legislation and a slow walk to death if anything makes it to the Senate before it even gets to Biden.
So a YES Man, doing as he's told, a spoke person for them basically, like most Pres's where.
And there controlled by the Lizard people ( used to sound crazy, but worlds pretty crazy so lets not rule it out )
I think Biden is going to pursue a progressive economic agenda (high corporate tax, and high earners, redistribution of wealth,...). Members of his cabinet are made of 50% females. Nancy controls the house, Kamala handles the Senate, Joe runs Executive branch. Chances are you'd kiss your low capital gain goodbye + even tax charged on financial transactions. it ain't fair!
The Fed is the only thing that matters.
Ignore all doom and gloom bs
Jerome is printing = keep buying
Ignore all doom and gloom bs
Jerome is printing = keep buying