I believe same ole ... consolidation for at least until the US elections are done , although it could take months to count ballots...bulls (aka Wallstreet) want Trump to win while the dems are looking to shutdown the economy ...could be interesting
AlanSantana
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@six19trading, Which one are you for... Open or shut the economy?
six19trading
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@alanmasters I’m for keeping the economy and country open even when it gets bad unless COVID starts killing healthy people , are people going to stay home for another year living off unemployment because small businesses and medium sized and even larger businesses won’t be able to sustain if we have to shutdown for another year or longer while we wait for a vaccine. If they go belly up that means more people on welfare which means no one is making their mortgage payments which means banks will go under, stocks will crash to new lows and bitcoin will also go down to lows that most people will panic. It’ll take years and still will to recover and rebuild. So no I don’t want that
AlanSantana
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@six19trading, I agree with you... I cannot see how staying shut for many more months or years is sustainable.
Hungryman34
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@six19trading, Excess Mortality rate during COVID indicates that healthy people (or at least people managing pre existing conditions without dying) are dying from COVID.
During March this year the USA experienced a 40% increase in deaths compared to an average of the last 5 years during the same months. The curves between Covid Cases in the US and Excess Mortality Rates are almost identical.
@six19trading, no problem! I am for keeping things open as well but with additional measures to prevent the spread. I think that the government (trump) needs to take those measures serious otherwise we will keep getting half measure that make it hard to reopen as well as hard to stop the spread. It needs to be 100% of one or the other. Not 50/50 of both.
PetrusdeCourtrai
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@six19trading, Wall St does NOT want "Trump to win", where did you hear that LOL.
Trump is a market isolationist and a known breaker of trade deals. Multinationals HATE that.
The only "good" thing about Trump is that his policies keep the dollar down. Oh and uh... that orange windbag is going to lose BIG :-)
six19trading
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@PetrusdeCourtrai, care to elaborate? Where are you basing this off of? (actual numbers not articles from the Washington Post)
PetrusdeCourtrai
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@six19trading, what do you mean ? That's just MY humble opinion based on 30 years experience as a political commentator slash satirist from Western Europe :-)
It's also my opinion that, whether we're talking Economy or Politics, the Washington Post is a good source of reliable information.
Why would I need to elaborate on the fact that the international community does NOT like deal breakers and disruptors like Trump ?
The markets want stability and predictability. Trump does the exact opposite.
Another 4 years of this mess and the US becomes an international paria.
There are no "actual numbers" about large countries turning away from the international community. I have numbers about the UK leaving the EU, but those numbers also have "the COVID effect".
Just think for yourself here.
Can the rest of the world survive without American products and services, or not ?
What do you think ? :-)
Up till now, Trump has been "tolerated" by the rest if the world whilst he is exhausting American political credit/goodwill with the international community, but this won't last. Do you have ANY idea how the rest of the world looks at this embarrassing spectacle ? This is about REPUTATION, friend. And your REPUTATION cannot be measured in actual numbers.
What's the actual number for "in tatters" ? :-)
What's the actual number for the current "soft power" of the US ? Do you think the US is now better off than with Obama ?
The US is making a mockery of Democracy as a principle, and that's very bad for business AND politics.
And you're talking to an Americanophile here. You don't wanna know what some other people in Europe and Asia think LOL.
I wish you a lot of common sense mate. You'll need it :-)