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Maybe Biden Wouldn’t Be So Bad: Markets Begin To Ponder Trump Exit
"Biden won’t be that bad for markets", Vital Knowledge founder Adam Crisafulli writes, in a note m
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A Biden victory postpones, at least overtly, our slip into Fascism. Save for the Fed fire-hosing buckets of money on the rich and famous, the market should be hammered no matter who wins. Now enter Kanye West. Surreal.
I wonder if Trumps Tweets will continue unabated … the only difference being that no one bothers to listen.
I’m afraid the man will do all he can to “burn the house down” over the next few months if Biden’s support grows. There are still a lot of people–too many for that matter–that will listen. At least all of the demonstrations we have seen the past month have been relatively peaceful…don’t count on that when the other side takes to the streets should Trump lose.
With luck they will not be allowing tweets from jail.
If we make serious progress to a balanced monetary/fiscal policy set that achieve some significant improvement in fairness, markets will likely drop but GDP strengthen. If not, we’re getting very close to “off with their heads.” This quarter we’re looking at a 35% drop in GDP. I fully expect to see headlines for 3Q20 trumpeting “the largest GDP Growth increase in history”, with no mention that we’re still well in the hole. In fact, we’ll be very close to a Great Depression Economy, with the significant difference that there are 100 million guns floating around the country. Most of those guns are not in the hands of the rich. Besides, how many more guns can a rich person carry than a poor person?
Mind you the poor can’t afford to hire mercenaries.
At this point I think a change in party power is the least of anyone’s concerns. The United States is still in phase one of Covid-19 per Fauci and the economic risks from the mishandling of our pandemic far outweigh anything happening politically.
I’m becoming very weary of the hand wringing over the negative market impact of a Biden/Dem win. With all the problems America has, now laid bare by the pandemic and the murders of George Floyd and many others, if the primary concern is stock market impact, then we truly have far greater problems – we are no longer a society worthy of the hope and admiration of the world. America was made great in the 20th century with generally far higher tax rates.
The US is currently closed for repairs. Let’s hope we find the wisdom to take the right steps to make the needed repairs so that life is actually better for everyone. Our investment accounts will be just fine.
Agreed. Can you believe we are debating if it would be a positive to get rid of a narcissistic demagogue out of the white house who cannot lead, (or read?) takes no responsibility, and it really just a big buffoon?
I think your article nails the key point on the market impact of a potential Biden win or Democratic sweep, even if some corporate taxes are rolled back there would be a clearer path towards a more aggressive fiscal policy and perhaps the return of inflation, the rarest of unicorns.