Quote:
Originally Posted by ASAP
I think we both voted for the same person so this isn't a political discussion but rather an economic one... if you put 2 and 2 together, the plan forward is actually quite simple-
1. Extend TCJA w probably some form of corp tax cuts
2. Immediate pressure to lower rates with high chance of a new fed chair
3. Potential tariffs which would bring back inflation in combo w the rate reduction
4. Money printing and MBS purchases right back on the table.
5. Some spending will be cut but not remotely enough to offset the tax credits and the deficit will continue to sky rocket.
All of this will have very positive effects on the stock market / wall street for obvious reasons... I think likely this will have the opposite effect on everyday working folks and main street. If unemployment continues to falter it will only get worse.
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This is not about who I voted for, if I even voted. It is about the impacts of the policy proposals specifically on the stock markets and generally on the economy. I try to be factual and not get emotional about elections or investing, as I think it clouds judgement leading to investing mistakes.