Quote:
Originally Posted by jfman
I don’t think anyone, anywhere, expected the success or otherwise of Trump’s economic plans to be seen in the short term on the Asian stock markets.
It’s very likely the approach will smash the status quo and financial institutions losing out will rail against it just like they did Liz Truss. The difference is Trump has a clear democratic mandate that will be difficult to unpick in the next 4 years. He also doesn’t have the risk of not being re-elected to worry about.
On the other side a global recession, if it got that far, creates plenty of opportunities. I’m sure it was Jacob Rees-Mogg’s investment firm that described Covid as a “once or twice a generation” event for the markets. Trump resetting the US economic relationship will create massive opportunities for supernormal profits at the roulette wheel.
Warren Buffet’s Berkshire Hathaway has been banking on a stock market fall for some time by holding low yield (and low risk) Treasury bills and cash to the tune of almost $300bn.
|
So when he's saying
you're gonna be so rich you won't know what to do with the money he's not talking to average Americans, he's talking to Rees- Smug type billionaire investors, yeah that makes sense, make the rich richer and the poor so dirt poor they're happy for any crumbs thrown seems like a policy he'd like, still at least he isn't a black woman America, imagine how much worse that'd be