World financial markets rattled by US elections

AFP/Yahoo ^ | November 8, 2006 | Roland Jackson

[Williams]

One has to look very hard for a benefit of the democrat victories.

[tomnbeverly]

"fears that a Democrat victory"

Where were these reports before the election??? Watch how the MSM plays WOW we didn't know how bad things were gonna get... Same with the Stay at home Conservatives... If we only knew how bad it would have been we would have been out in force... sorry too late I have become the epitomy of cynasim

[DJ Taylor]

"World financial markets rattled by US elections"

Can you blame them? The inmates have just seized control of the asylum.

[concerned about politics]

Global finance markets have wobbled on fears that a Democrat victory in the US Congressional elections could prompt less market-friendly policies in the world's biggest economy.

The democrats want to raise minimum wage, so there goes the tax breaks the businesses used to build and hire. There's gong to be lay offs and downsizing coming. That'll also reduce the tax revenue going to Washington.
The Republicans gave us a record low unemployment rate, but the democrats are going to screw it up. Without social dependents, the democrats have no base.

[claptrap]

The whole world is realizing their turn in an orange
jumpsuit in front of Al-jezera Video cameras is not far off!

[Nancee]

And why wouldn't the world financial markets be rattled by the results of Tuesday?? It's all very unnerving!

Nancee

[concerned about politics]

The terrorist see a democrat win as a victory. Just this morning I heard on FOX the terrorists have been ordered to kill as many Jews and Americans as they can. They're considering a democrat win a surrender (which it is).

[Oystir]

The dow is down less than 20 at this moment and would have been down today regardless of the election results. Markets are not in shock over dems win and not rejoicing republican losses.

[DonaldC]

Give it time, we are still in shock.

[American Vet Repairman]

"One has to look very hard for a benefit of the democrat victories."

Financialy I will shift investment abroad and pay off the house quickly and be ready for inflation.

The part that bothers me is that Iran can now sponsor a "Tet" offensive. Of course it will be squashed but the American body count will be ammunition for the Dems. Moreover methinks the Dems are going to gear up for an impeachment if they have the juice.

[IrishCatholic]

Reap what you sow. The world wanted a weak US. Now they got one. The world thought less of us than Iran. Now they can. The world wanted the Dems... Now they can eat it too. The stupid in this country wanted to destroy the military, the energy companies, and pharmaceuticals. Now they can shiver in the dark while they pay higher taxes and more money at the pump. The terrorists are celebrating today. Nasrallah in conjunction with Dean won a victory in the battle to bring down the US.


...Ok, maybe a little over the top. But it sounded good:-)

[oblomov]

Time to go long the Swiss Franc (FXF) and GLD.

[Eric in the Ozarks]

You didn't miss it by much.

[Paradox]

Incoming Democrats will go on the record that they are going to be Business friendly, that they wont enact draconian laws, yadda yadda, that they will do things to help the economy, yadda yadda, and the financial markets will recover, but the Liberals in the party will have a sh*tfit.

[zek157]

Why would you pay off the mortgage if you fear inflation? Wouldn't it make more sense to place funds in short term notes or something else that you can take advantige of expected volatility so you can later pay back w/inflated $'s?

[RightWhale]

Markets are not in shock over dems win

That is correct. The bus departing for the descent into h3)) will not leave the station until later.

[rottndog]

Markets are not in shock over dems win and not rejoicing republican losses.

When the markets come to the realization that there are huge tax increases coming, vis-a-vis the Bush tax cuts expiring, they will react negatively. Give it time. This could very well push us into a recession.

[concerned about politics]

This could very well push us into a recession.

Expired tax cuts and increased minimum wage will break the markets back. This is what the democrats want. The more people get on social programs, the more the democrats can offer government cheese in exchange for a vote. Hey, people have got to eat.

[rottndog]

Hopefully, Bush will grow a pair and learn how to use his VETO pen.

Hopefully.