Posted on 01/06/2021 10:34:31 AM PST by MeneMeneTekelUpharsin
Looks like the DOW Industrials are apparently good pending a Democrat takeover. Perhaps we are the fools that can't see. I don't know. They have broken every rule of economics and governing and the markets are applauding it. Stocks are up across a broad range.
Pence began his corrupt big government sh*tshow ending any chance for Trump, at 1pm. The Dow is off a bit in the first 40 minutes after that.
The headline is not right.
I keep trying to get people to understand, there isn’t a socialist/communist movement at all. There is a global robber baron corporatist movement attempting to enslave the majority of the world. The big banks and Wall St. love it.
There’s no question that the Dems’ brand of crony capitalism benefits many large companies over the short term. And today’s spike is likely due to expectations that a generous trough awaits many of the pigs. Over the longer stretch, though, leftist tax plans and socialist programs hurt anti-small businesses, workers, entrepreneurs and the overall economy. This is seen everywhere socialism prevails in the world.
BABA down
Or maybe they liked President Trump’s speech this morning. The one where he said that he wasn’t giving up.
Easy:
The dollar is collapsing due to the presumed budget deficit to infinity.
The increasingly worthless dollar is being reflected in the nominal value of the indexes increasing; while the value of the underlying businesses and their earnings and cash flows is plummeting as they are denominated in those same increasingly worthless dollars.
‘The Market’ doesn’t believe a Democrat win is good, it believes it is bad; hence the collapsing dollar.
US Ambassador to Italy, Lewis Eisenberg, whose embassy is being mentioned in allegations about Italy & US election fraud::
Wikipedia: Lewis Eisenberg...began working for Goldman Sachs in 1966. From 1966 to 1989, Eisenberg worked in a variety of capacities for Goldman Sachs. Eisenberg became a partner in 1978 and concluded his run at Goldman Sachs as co-head of the Equity Division
https://en.wikipedia.org/wiki/Lewis_Eisenberg
5 Jan: The Economist: America v China Inc: NYSE boots out Chinese telecoms firms—then doesn’t, then does
A pall of uncertainty hangs over Chinese shares in America
Another victim would be American investors.
***Goldman Sachs, a bank, estimates they hold ***28% of the ***$2.2trn in Chinese-linked market value in America. These stocks have outperformed the S&P 500 index of big American firms in recent years
https://www.economist.com/business/2021/01/05/nyse-boots-out-chinese-telecoms-firms-then-doesnt-then-does
The largest welfare program in human history is about to take place. The Green New Deal. Of course the corporations are happy.
The market sees infinite government spending including $2,000 to taxpayers, and bailouts for wasteful states like CA, NY, IL, NJ.
Then it’s a good day to SELL - that way your funds aren’t supporting the stock prices of corporate America and the executives who fund BLM, Antifa, Planned Parenthood, and the rest.
it’s on the basis of a lot of stimulus being pumped in by Nance - remember the big number she wanted last fall? she’ll probably get it now. that makes some parts of the market quite happy. but sends interest rates and inflation - and the national debt - up
> I keep trying to get people to understand, there isn’t a
> socialist/communist movement at all. There is a global
> robber baron corporatist movement attempting to enslave the
> majority of the world. The big banks and Wall St. love it.
Exactly!!
That’s why small businesses are being destroyed while the large corporations enjoy a virtually clear playing field.
This is BAD for individual freedom.
Wall Street has owned jackasses like Joe Biden and Chuck Schumer for years.
They get the gold mine, we get the shaft.
I don’t think we ill know what the market will do until after the 20th. Even then I suspect it can/will change drastically.
Biden wants to install former Federal Reserve Chairwoman Yellen at Treasury
Its a merger of the central bank and treasury.
Expect even more out-of-control spending, loan forgiveness, green schemes, and continued zero interest rates
That money has to go somewhere.
Bread will soon cost you $20/loaf, but those elites with assets (and a lot of debt) will benefit.
Fascism plays well with large corporations.
Not so much with small business or proprietorships.
If you can hire high priced lobbyists, and spread the kickbacks around thickly, fascism is just for you.
Local corporate realtors tell me that GS is looking hard at Palm Beach Gardens as their new home. Maybe Juno Beach - where FPL is leaving.
Exactly.
Socialism is a tool for them to control the people.
It is not meant for them but for us.
You think the Koch Brothers, Soros, Etc. want to give away all their wealth?
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