Why a Democratic win doesn't crash the stock market?

Discussion in 'Wall St. News' started by CoolTrader, Jan 6, 2021.

  1. matrik

    matrik

    My eight-year-old son is a better choice for America than most of the "progressives."
     
    #91     Jan 7, 2021
    smallfil likes this.
  2. cesfx

    cesfx

    Trump is doing Trump again. Idiocy at its best in Washington DC last night.

    The rest of the world is between an heavy laugh and utter shock.

    I don't really mind people storming a gvmnt building to protest for corruption and stupidity which is a natural treat for politicians. But in this protest last night, you could see the idiocy in their face. It looked like a carnival!!
    People wearing idiotic costumes and taking fucking selfies.
    And trump speech and tweets? He is sick, mentally sick.
    Like Hitler and Mussolini were. Probably he won't ends like them scam, because we live in 2020, and he didn't really wage a war against foreign nations, thank god! Just against Americans...

    The man needs mental health help. Remove him from office and lock him up somewhere.

    4 deaths? Thank god this protest was not run by BLM, otherwise yesterday would have been a massacre.

    Utter stupidity.
    Please do not reply to me if you support this idiot, I will ignore any reply from trumpist as I ignore random lunatics in a train station.
     
    #92     Jan 7, 2021
    SunTrader, Nine_Ender and comagnum like this.
  3. SunTrader

    SunTrader

    Well first thing you have to do is .... open your eyes. Actually a blind person can tell just by listening.
     
    #93     Jan 7, 2021
  4. SunTrader

    SunTrader

    Right he's "hanging" with Elvis in Graceland. Wait I just seen them at the local Chick-Fil-A.

    I feel sorry for your 8 year old.
     
    #94     Jan 7, 2021
  5. Sig

    Sig

    First off, it's great that you're agreeing that current GDP per capita is a valid way to judge the effectiveness of a political system in a jurisdiction. Not for nothing those states you listed with the worst GDP per capita, Arkansas, Mississippi and West Virginia, are some of the reddest states in the U.S. In fact if you did a regression on partisan lean vs GDP per capita you'd find that there's an almost direct tie between GDP per capita increasing as a state becomes bluer, with the outliers being states that won the lottery of having a lot of oil under them (https://www.bea.gov). So, if GDP per capita is the metric you want to use to judge economic success of political systems, and you just clearly indicated it was, then conservative policies in the U.S. are by and large failures. Again by your chosen metric, not mine!

    The countries you cherry picked? Well Germany's GDP per capita of $46,445 is right around the median number 28 state of Indiana. That doesn't seem bad to me, why does it seem bad to you? And if I do the same kind of cherry picking as you and choose, say Ireland with it's GDP per capita of $78,661 you'd be looking at an EU country with a higher GDP than every state in the U.S. and the U.S. as a whole which is $65,297.50. Or pick Scandinavian Norway instead of Sweden, you'd have a GDP per capita of $75,419.6, again higher than any U.S. state and the U.S. as a whole (https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=US). Does the U.S. have better GDP per capita overall than the EU? Sure, although if you look at purchasing power of lower 99% of the U.S. citizens you'd probably see that the U.S. ranks lower than almost any other first world country. Does it mean that what the right calls "socialist" policies lead to economic ruin? Not at all if you're able to actually look at the data and be reasonable and analytical about it rather than rabidly partisan.

    Bottom line is all these countries are still first world countries that are good places to live despite this whole "the sky is falling - we'll all be like Venezuela" line conservatives in the U.S. are always running around screaming. And in fact here in the good old US of A, the states with the most liberal political lean produce the vast majority of the GDP per capita. And even more importantly to this discussion, what the incoming Biden administration and bare Senate majority can accomplish will be nothing more than the smallest of nudges to a more liberal economy. Just like Obama and Clinton who you all screamed "socialist" about the same way and in Obamas case had far larger majorities in the Senate when elected.
     
    #95     Jan 7, 2021
    bklrnr, Asterix, Bomp and 1 other person like this.
  6. matrik

    matrik

    I never sai
     
    #96     Jan 7, 2021
  7. El Trado

    El Trado

    Ireland's numbers are artificially inflated due to low tax rates that ensures that every multinational corporation sends their bills from there. For example, all payments for Microsoft licenses or Facebooks ads from all European countries are sent to Ireland, and are counted towards the Irish GDP. If you have ever been to Ireland, it would take you about 2 minutes to realize this.

    And for Norway; 5 million people and a big producer of oil.
    You do the math.....
     
    Last edited: Jan 7, 2021
    #97     Jan 7, 2021
  8. SunTrader

    SunTrader

    Saaaarcasm. Get it.

    Umm unless you have some kind of proof. Proof, not someone else said it first and you are just lockstepping it.
     
    #98     Jan 7, 2021
  9. Sig

    Sig

    Let's be clear here, I was once one of you. So when you trot out an index created by the Heritage Foundation which I know was specifically crafted by the country's leading conservative think tank to produce a result that supports their conservative worldview to support your conservative worldview....well it's crystal clear to me that's pretty damn circular and not really an intellectually honest way to make your point because like I said, I once engaged in the same foolishness.

    I'm not sure what a completely tangential digression into high school graduation rates has to do with how ridiculous this whole Chicken Little, "Democrats were elected, the sky is falling" trope is? I get it, you think we should spend less money on public school education and apparently more money on....becoming mormons? WTF does that have to do with the fact that conservatives screamed about the sky falling when Clinton was elected and it didn't and screamed about the sky falling when Obama was elected and it didn't....and what do you know here we sit with record deficits and unemployment and terrorists overrunning the capitol after 4 years of Trump.

    You did answer my question about your relative youth and inexperience with your snarky and pretty juvenile "Anyhow, go back to figuring out what you were doing in 1996." Like I said before, I challenge you to look outside your bubble, maybe actually look at actual data rather than what the Heritage Foundation packaged up for your consumption and talk to actual people around the country and the world over the next decade. Those kinds of conversations aren't "wasting your time", they're incredibly educational and mind opening. I'd be sad if you remained stunted as the 20 year old me for the rest of your life.
     
    Last edited: Jan 7, 2021
    #99     Jan 7, 2021
  10. SunTrader

    SunTrader

    #100     Jan 7, 2021