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Seriously and selfishly I am worried about this.

T

Turin

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I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg
The economists who are warning against a Trump presidency seem to be in agreement with traders. Research from the Brookings Institution has shown that markets view his election as a risk, and Tuesday’s asset price moves support that theory.
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How is it shocking that the market wants Hillary to win? They know with Hillary they will get more free things, but with Trump they are not sure.
 
Turin said:
Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.
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:doh ...and with that one statement you have undermined your entire position. :coffeepap:
 
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Trump has pledged to cut taxes and scrap the North American Free Trade Agreement as he seeks to boost U.S. growth. Clinton’s plan would strengthen trade enforcement, reward companies that let workers share in profits and seek to make wealthy Americans pay more in taxes.
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Random Trivia: Profit sharing was created by a socialist.
 
Turin said:
I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg
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With respect, Obama is the first president to avoid growth of more than 3% in any year of his presidency. Especially starting with things in the toilet as he did, this should have been a 1 foot put for 2010. Turns out he missed it.

That's impressive. During the great depression, 6 of 12 years exceeded 3% growth.

At some point, there has to be a link between what happened and what's been done to address it. Will Obama EVER be blamed for his incredible incompetence as a leader, a diplomat or a creator of the best possible conditions for growth?
 
Henrin said:
How is it shocking that the market wants Hillary to win? They know with Hillary they will get more free things, but with Trump they are not sure.
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Because Clinton wants to maintain the status quo. Whether or not you find that inspiring, business and the market like stability. People with investments, ira's, sep-ira's and 401k's will appreciate that sort of thing. Those without retirement plans...well, you can probably see why that sort of thing seems meaningless to them at first glance.
 
Henrin said:
How is it shocking that the market wants Hillary to win? They know with Hillary they will get more free things, but with Trump they are not sure.
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The Market gets free things? Care to explain?
 
Casper said:
The Market gets free things? Care to explain?
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They know Hillary will do business with them and give them political favors, but they are unsure what Trump will do for them. The markets will favor the candidate that is willing to give them political favors and freak out over the candidate that they are unsure about.
 
Henrin said:
They know Hillary will do business with them and give them political favors, but they are unsure what Trump will do for them. The markets will favor the candidate that is willing to give them political favors and freak out over the candidate that they are unsure about.
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That....no...that is not how the market works. Jesus...
 
Cardinal said:
That....no...that is not how the market works. Jesus...
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Of course it is. Do you think the market would freak out if someone came along and said they would not be doing business with corporations? I bet it would.
 
Henrin said:
Of course it is. Do you think the market would freak out if someone came along and said they would not be doing business with corporations? I bet it would.
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Out of curiosity, do you have money in the stock market?
 
(Trigger warning: I am going to bring race into this discussion.)

Turin said:
I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg
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Of course they don't. Because the idea that Trump is tapping into economic anxiety is one of the single biggest lies of this entire election cycle. It's all about white anxiety, pure and simple.

We saw a very similar phenomenon with Brexit. Speaking of which, have you been watching what Brexit has done to the pound?

Brexit from Nov 2006.jpg

Brexit from Nov 2015.jpg

How long has it been since 1 pound = $1.25, if it was *ever* that low before Brexit?! If the Brits wanted to inflict a wound on themselves, well, good job, they did it!
 
Cardinal said:
Because Clinton wants to maintain the status quo. Whether or not you find that inspiring, business and the market like stability. People with investments, ira's, sep-ira's and 401k's will appreciate that sort of thing. Those without retirement plans...well, you can probably see why that sort of thing seems meaningless to them at first glance.
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The only reason the market has been so stable is because the U.S. has been consistently buying up bonds and securities that has created an unsustainable bubble. Trump knows it. Anybody who knows anything about the market knows it. Most honest economists know it. And Trump will most likely recommend that this practice not be continued because of disastrous consequences down the road. So yes the market would take a hit, but it could avoid a collapse such as we saw in 2008 and when people buy in they will be getting real value for the money.
 
Phys251 said:
(Trigger warning: I am going to bring race into this discussion.)



Of course they don't. Because the idea that Trump is tapping into economic anxiety is one of the single biggest lies of this entire election cycle. It's all about white anxiety, pure and simple.

We saw a very similar phenomenon with Brexit. Speaking of which, have you been watching what Brexit has done to the pound?

View attachment 67209570

View attachment 67209571

How long has it been since 1 pound = $1.25, if it was *ever* that low before Brexit?! If the Brits wanted to inflict a wound on themselves, well, good job, they did it!
Click to expand...

Leaving the EU was a good decision regardless. Being dictated to by unelected bureaucrats from some other land is not what anyone should desire.
 
Henrin said:
Leaving the EU was a good decision regardless. Being dictated to by unelected bureaucrats from some other land is not what anyone should desire.
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So you're OK, from a British point-of-view, with the single greatest collapse in the pound since the Great Recession?
 
Phys251 said:
So you're OK, from a British point-of-view, with the single greatest collapse in the pound since the Great Recession?
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Yes, I am. Regaining sovereignty over their nation was the right choice. What you're saying is that a nation should give up control over it's borders and it's laws for a little cash. You might as well say Britain should be a whore.
 
My 2 cents, I think economics is going through a sea change. In popular parlance, they are headed for a paradigm shift. The way they have done things in the past is being challenged from a number of directions.

Which makes me less than enthusiastic about using the profession as a source in this instance, even if they agree with me. A lot of them are more comfortable with the status quo than I like to see.
 
Henrin said:
Yes, I am. Regaining sovereignty over their nation was the right choice.
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Thank you for confirming that right-wing populism doesn't mind sending a nation off a cliff in the name of ideology.

You did see what our own markets did when Trump's numbers spiked in some polls, right?
 
Phys251 said:
Thank you for confirming that right-wing populism doesn't mind sending a nation off a cliff in the name of ideology.

You did see what our own markets did when Trump's numbers spiked in some polls, right?
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If the EU wasn't a bunch of dickheads the potential damage from the action would be considerably lower. They just have this weird idea that punishing Britain will somehow not prove the point of the people that wanted to leave.

Oh and yes, I'm going to go with leaving an unjust system over a temporary economic downturn everyday.
 
Henrin said:
If the EU wasn't a bunch of dickheads the potential damage from the action would be considerably lower. They just have this weird idea that punishing Britain will somehow not prove the point of the people that wanted to leave.

Oh and yes, I'm going to go with leaving an unjust system over a temporary economic downturn everyday.
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Oh yes, the Brits are in such a better situation now. :roll:
 
Phys251 said:
Oh yes, the Brits are in such a better situation now. :roll:
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Yes, they actually are. They have full control over their nation and its laws, which will outlive any economic downturn.
 
Cardinal said:
That....no...that is not how the market works. Jesus...
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Exactly I do understand the people with nothing to lose and not functioning in society taking a chance on a man with no plan and shouting and screaming.

yet what about those of us who have thrived - starting companies and investing for 20 years --- of course a candidate with how to continue and make america better and improve that is intelligent with detailed plans appeals to me.

I think this election is the people who had nothing to lose will take that chance in the loudmouth. I understand do not blame them for their victimhood and being duped.

Yet those of us who are detailed and planed and worked our asses off and are thriving and have saved --- we are supposed to let it all go up in smoke for a loud mouth billionaire that get richer when the markets crash. His own advisers ar protecting his money and he will buy up more real estate as people lose it under him.
 
Phys251 said:
(Trigger warning: I am going to bring race into this discussion.)



Of course they don't. Because the idea that Trump is tapping into economic anxiety is one of the single biggest lies of this entire election cycle. It's all about white anxiety, pure and simple.

We saw a very similar phenomenon with Brexit. Speaking of which, have you been watching what Brexit has done to the pound?

View attachment 67209570

View attachment 67209571

How long has it been since 1 pound = $1.25, if it was *ever* that low before Brexit?! If the Brits wanted to inflict a wound on themselves, well, good job, they did it!
Click to expand...

What PHS251 said ^^^^

Great post. Thank you!
 
Turin said:
I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg
Click to expand...

What evidence is there that Trump I'll crash the markets? And where would all money go? Fear-mongoring and you don't even realize it. Cash out Monday then. Hopefully your trades only cost $7 in and out...
 
Turin said:
I have worked and saved and invested and have a really good IRA. Trump winning will crash the markets and take years to recover and being a halt to the gains made in the past 5 years in jobs and our recovery. The people supporting him have nothing to lose -- most of his base hates america and they are gun fanatics living in squalor.

They do not give a darn if he wrecks this country as they have nothing to lose.

Top Economists Spar Over Trump as Tighter Race Sinks U.S. Stocks - Bloomberg
Click to expand...

Or, more likely, nothing will change.

The president doesn't set tax policy or economic policy, congress does. The most likely scenario is that we'll have a president who is unpopular with congress thus, like the last 6 years, they will do nothing.
 
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