(02-26-2020 11:03 PM)OptimisticOwl Wrote:  

(02-26-2020 10:33 AM)RiceLad15 Wrote:  

(02-26-2020 10:23 AM)OptimisticOwl Wrote:  Lad and FBO,

I am not worried about about the NFL, or 32 billionaires. How shallow your thinking is! Do you think the effects stop there?

These owners are in the business of selling tickets to the public. That they are concerned about the economy under Sanders is telling. And the efects they fear will reach much farther down - to their employees and to vendors and suppliers, to the whole country, maybe even to you and other workers in your companies. When your coworkers start getting laid off, remember this.

In short, Their thinking is indicative of,the thinking of business owners and managers everywhere. That you two cannot see beyond them is just indicative of the shortsightedness of the Economic thinking of most Democrats.

I don't think their concern is telling - what makes you believe their opinion on the macro-economic implications of a Sander's presidency, especially given the uncertainty around the makeup of the House and Senate after the election, is worthwhile?

Right now it's pearl clutching by a bunch of billionaires worried about potential increases in taxes, without much substance behind the pearl-clutching.

https://www.msn.com/en-us/money/markets/...li=BBnbfcN

“2. The 2020 election

Uncertainty about the U.S. presidential election’s outcome is also starting to drive markets, strategists and analysts argue. A number of them think that if Sen. Bernie Sanders, an independent from Vermont who characterizes himself as a democratic socialist, wins the Democratic presidential nomination, and possibly even the presidency, stocks would take a hit as he is perceived by some as an antibusiness candidate. “The risk to U.S. stocks is pretty significant if Bernie gets the nomination,” said Ed Moya, a senior market analyst with OANDA.”

I guess the market analysts and strategists are clutching their pearls.

Again, an indicator based solely on an impression, not on actual outcomes. Bernie isn’t even one party’s nominee yet.

Plus, as I’ve mentioned before, the market has become a poorer and poorer way to measure the health of the economy, especially since some 40-50% of US citizens don’t own any stock.

Frankly, the coronavirus is having a bigger impact on the stock market, due in part to the fact that the Trump admin cut positions and funding for the CDC, making people in the US more anxious about our response. Well, and the fact that Pence, who oversaw an HIV epidemic due to his mismanagement of needle exchanges in India, is heading up the coronavirus response. Oh yeah, and add on stories in the news about how someone voluntarily got tested for the coronavirus, and was then slapped with a >$1,000 bill because of insurance issues.