After today Mnuchin will do whatever the Dem leadership tell him to do.
Why a Democratic win doesn't crash the stock market?
- Thread starter CoolTrader
- Start date
After today Mnuchin will do whatever the Dem leadership tell him to do.
Thank you - not the first time I've done that. I'm not a fan of either.
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Exactly;
+ he had the old fashioned idea/even welfare+ corporate welfare recievers should actually work !! LOL
ON IGNORE DULLARD!!
I am not going to get into political squabbles, but focused on the trading. Focusing on the politics for trading decisions is a losing proposition. It is a bit like betting for the Jets just because you are from NY and their #1 fan. In the end, Reps and Dems have alternated in power over the last 50 years with no real discernible difference in economic or stock market performance. The economic cycles are bigger than the politics. The world did not end with Trump in the WH, nor did it end with Obama and certainly will not end with Biden.
I think many here, myself included, see it as more fundamental than that. Do you want capitalism or socialism?
I think you get capitalism with both, thank god. You are drinking your own k-aid if you believe otherwise. The true risk to this country is authoritarian populism, whether it comes from the left or the right. I have traded emerging markets for a very long time and the countries that have fared the worst are those that have authoritarian messianic figures that disregard all laws or institutions. It happens that they have also followed extreme left policies but they hang on to power because they have destroyed all democratic institutions. I definitely favor center right economic orthodoxy, but our outgoing president fits the Chavez mold much better than any one on the left. Be afraid of those politicians that call doomsday if the other side wins.
Have Secret Service stay at your golf resorts or Trumpie Tower while billing fed gubmint for it.
Capitalism or Socialism?
Have Secret Service follow you around said golf resorts on rented golf carts while billing fed gubmint for it.
Capitalism or Socialism?
Hand out farm welfare to Iowa Soybean Farmers during primary season.
Capitalism or Socialism?
And so many other instances and then there is this article snippet:-
https://www.cato.org/publications/commentary/donald-trump-anti-corporatist-candidate
"He was wrong, of course, about Reagan’s tax plan, but his tune hadn’t changed by 2009, when he backed TARP and the bailout of the big banks. In fact, Trump was willing to go even further, actually nationalizing the banks. As he told Larry King, “Whether they fund them or nationalize them, it doesn’t matter, but you have to keep the banks going.”
And it wasn’t just the banks. Trump also supported the Obama administration’s bailout of the auto industry and its unions. “I think the government should stand behind them 100 percent,” Trump told Fox News. “You cannot lose the auto companies. They’re great. They make wonderful products.”
Trump may have flip‐flopped on all sorts of issues, but when it comes to corporations feeding at the public trough, he’s been steady as a rock."
Capitalism or Socialism?
Have Secret Service follow you around said golf resorts on rented golf carts while billing fed gubmint for it.
Capitalism or Socialism?
Hand out farm welfare to Iowa Soybean Farmers during primary season.
Capitalism or Socialism?
And so many other instances and then there is this article snippet:-
https://www.cato.org/publications/commentary/donald-trump-anti-corporatist-candidate
"He was wrong, of course, about Reagan’s tax plan, but his tune hadn’t changed by 2009, when he backed TARP and the bailout of the big banks. In fact, Trump was willing to go even further, actually nationalizing the banks. As he told Larry King, “Whether they fund them or nationalize them, it doesn’t matter, but you have to keep the banks going.”
And it wasn’t just the banks. Trump also supported the Obama administration’s bailout of the auto industry and its unions. “I think the government should stand behind them 100 percent,” Trump told Fox News. “You cannot lose the auto companies. They’re great. They make wonderful products.”
Trump may have flip‐flopped on all sorts of issues, but when it comes to corporations feeding at the public trough, he’s been steady as a rock."