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Topic: Trumpled (Alternative Leading) (Read 3324755 times) previous topic - next topic
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Re: Trumpled (Alternative Leading)

Reply #5085 –
We probably need to wait for the "shenanigans" to be worked through before we can breathe easy.
;)
And you can bet there will be "shenanigans" ::)  ::)

Re: Trumpled (Alternative Leading)

Reply #5086 –
The initial expectation is that the US will head towards recession, if that happens the RBA might have already shot itself in the foot and over-corrected, it's why some thought no change was the best option.

But the good news for investors would be markets, in particular it might signal the bottom of the market for housing is right now, although I've heard some describe the coming months in housing as a dead cat bounce.

A problem Australia has is that homeowners aren't dynamic enough, they tend to not shop around for the cheapest rates, which allows the big the banks to ride out the storm and still post big profits. Maybe that changes in the AI era.

I expect super to take a hit, a lot of Aussie super is heavily invested in the USA, and it's likely a US recession will impact growth. But this is where self-managed super can have a big influence, because if they think the market is close to bottoming out they could flood back into the domestic property market. At the moment there is a swing towards commercial over residential, but a US recession would probably be bad for that segment. Chasing growth can be a double edged sword.

What odds Aussie Politicians swing back to loving China?
"Extremists on either side will always meet in the Middle!"

Re: Trumpled (Alternative Leading)

Reply #5087 –
The amount of money wasted in these elections should be declared an international crime against humanity. Not just elections, but even billionaires in California have spent ridiculous amounts pushing back against the proposition that they should be a one off wealth tax. Naturally the billionaire push back is fully supported by Democrat and friend-of-the-people Newsom.

Giving the money to people who really need it is obviously far too woke and laughably absurd for these types.

With any luck, Leon With Dyslexia can fast track his colony on Mars, and take these disgraceful scumbags with him.

The planet is already f#$cked, but at least we can enjoy our final moments in peace.

Re: Trumpled (Alternative Leading)

Reply #5088 –
The Walls St reaction says it all, you read whatever meaning you like into it, but it's not just one factor that has contributed to this and the blame sits on all sides. They made hay while the rule book was in the bin, and now there is going to be a price for some to pay.

It is a tell about the predictions on the future direction of US policy and fiscal restraint, Walls St trades on tomorrow not yesterday. Yesterday cannot be changed and means little to nothing for traders.

There is one thing you can predict with ultimate accuracy, greed.

And the opportunistic headlines are already appearing about China alliances, not even 24hrs has passed!
"Extremists on either side will always meet in the Middle!"

Re: Trumpled (Alternative Leading)

Reply #5089 –
The US system of government may be antiquated, anachronistic, and far from a model of representative democracy but it is a lot more entertaining, and a lot more scary, than our relatively boring commonwealth system.
"Negative waves are not helpful. Try saying something righteous and hopeful instead." Oddball

Re: Trumpled (Alternative Leading)

Reply #5090 –
Materially has anything changed?

Congress has more power and scope to block Trump, but not necessarily if he is operating within the boundaries he is allowed to, and ultimately the USA is a united entity, not anit trumpist.  They wont simply flip flop because the midterms have swung, it will take a new sitting president for that to be the case, and even then, they make too many flacid moves, and the public will turn on the democrats calling them week.
"everything you know is wrong"

Paul Hewson

Re: Trumpled (Alternative Leading)

Reply #5091 –
Quote from: Thryleon – on
Materially has anything changed?

Congress has more power and scope to block Trump, but not necessarily if he is operating within the boundaries he is allowed to, and ultimately the USA is a united entity, not anit trumpist.  They wont simply flip flop because the midterms have swung, it will take a new sitting president for that to be the case, and even then, they make too many flacid moves, and the public will turn on the democrats calling them week.
They gained a level of power over investigation and protections.

But it's true they won't act in the way the media report, they aren't going to shot themself in the foot, the reports of political revenge are vastly overstated.

What will likely happen is those decisions that lead to RedTrump's protection and exemption from accountability will go away, and his efforts or ability to persecute opponents will be greatly diminished, and those efforts it won't be funded by congress like they have in the past. he has to pay his own way now, and his family will be held accountable. But it won't be clean, it will be messy, because this isn't a shock, the RedTrump team would have been planning for this from the very start.

Why is he glum, because he has been kicked from the trough!
"Extremists on either side will always meet in the Middle!"
 

Re: Trumpled (Alternative Leading)

Reply #5092 –
Quote from: Thryleon – on
Materially has anything changed?

Congress has more power and scope to block Trump, but not necessarily if he is operating within the boundaries he is allowed to, and ultimately the USA is a united entity, not anit trumpist.  They wont simply flip flop because the midterms have swung, it will take a new sitting president for that to be the case, and even then, they make too many flacid moves, and the public will turn on the democrats calling them week.

As I wrote earlier
Quote from: DJC – on
The ... Democrats will control the House and the Senate.  That means they can end the war with Iran, repeal Taco's tariffs, investigate the financial dealings of Taco and his family, restrict Taco's use of the National Guard, increase aid to Ukraine, and commence the impeachment process.

Taco can vetoe any laws passed by Congress and he can still issue executive orders.  However, Congress can overturn a vetoe with a two-thirds majority vote in both Houses.  Congress can legislate to block an executive order and, as Congress controls expenditure, it can refuse to allocate funds necessary for an executive order to be carried out.  The last point is relevant for the Iran war; Congress can freeze funding for the war.

The most worrying things for Taco will be Congress investigating his affairs, forcing the release of the Epstein files, and the commencement of impeachment proceedings.  The Democrats have also indicated that they intend to have Whiskey Pete removed from office.  However, it seems that Taco may save them the effort.
"Negative waves are not helpful. Try saying something righteous and hopeful instead." Oddball