Just my own two cents: Wall Street loves gridlock. And that's what we have. No sweeping popular mandate for Joe. No broad blue wave of gains that's for sure - just the opposite, there's now a pretty healthy Republican minority in Congress and it looks like McConnell holds the Senate. No Supreme Court majority to lean on.
If Biden pulls this out there's no way he'll get any legislation done without Republican support - in fact, he's kinda screwed.
Joe has zero chance to raise corporate taxes, raise capital gains, pack the Supreme Court, and blow up the filibuster. Not gonna happen now.
It wasn't supposed to be this close.
I learned that word from trump.
cofeve!
I own a small business (10 employees) in France although I'm a U.S. citizen and living abroad here in Québec, Canada...
Talking to business owners (Canada, United States and France) that actually do compete with China...you're thoughts correlate well with their thoughts about the impact of tariffs on China.
Also, Covid-19 has changed everything although I do not know if its just temporary or a long lasting change.
wrbtrader
AP has Republicans +5 as I write this. Where does the 20 figure come from?Republicans ... picked up something like 20 [house] seats
Well tariffs can't really compete with cheap labour+established supply chain+super cheap RMB currency. Trump levied tariffs but he kept the US dollar high which cut the cost of the import and that just negated all the effects of the tariffs. So maybe what he should've done in conjunction with levying the tariffs is also play the currency game. If the enemy can play it, why can't you? If the goal is to win??!! I mean US$ is SIX times more expensive than the RMB due to the Chinese government's intervention, that's a 600% counter-tariff from China right there on everything exported by America. If you can reduce that currency exchange rate, it would be far more effective than levying tariffs. It would look better on paper as well. Look no more tariffs, free trade! meanwhile make everything coming out of China more expensive while giving local manufacturing a chance and develop robotics at the same time.
It's the technology that matters. It was the internet technology that Clinton invested in that skyrocketed economy and everything onto a whole new level and hopefully Biden can do the same with robotics technology.
But then again Biden is NOT Clinton. There is only ONE Clinton and he can't come back for a 3rd term (No his wife is NOT the same) .![]()
Instead he gave our soybean farmers subsidies while China built new supply chains into Russia.
You said that every economic rally under a democrat president were from the Republican policies in the previous administration (the recessions weren't their fault however). Now you are saying its Clinton's investment in tech?!?!?