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re: Taking a poll: Who thinks and why:
Posted on 5/26/23 at 9:02 am to Thomas98
Posted on 5/26/23 at 9:02 am to Thomas98
3.
Employment is great, stock market is great. Mortgage rates are fine.
Government will raise debt ceiling, will not default.
Governments & currencies around the world are in worse shape than USD, which will strengthen the dollar.
Areas of concern: VC money is dry and getting drier. Stupid big bets seen over the past decade+ will stop. Your Uber ride will no longer be subsidized. BTC/Crypto, insofar as it isn't productive or producing anything of value, will devalue tremendously as the shine has worn off it as speculative gamble and its been left in the dust as far as new tech hype goes. Legalized gambling across the USA is a major problem - it is and will increasingly suck dollars out of the hands of consumers.
Trump will unfortunately get the GOP nomination, causing conservatives like myself to either stay home or vote for Biden. Biden will win re-election. The economy will not crash during this period and Biden will do nothing tremendously dangerous. Were Trump to pull off the win (not likely), more risk for the economy from wildcard factor. If Biden dies in office, expect markets to drop immediately which is the correct time to BUY BUY BUY. After that term, likely get a Republican in office (unless its Trump as nomination).
Employment is great, stock market is great. Mortgage rates are fine.
Government will raise debt ceiling, will not default.
Governments & currencies around the world are in worse shape than USD, which will strengthen the dollar.
Areas of concern: VC money is dry and getting drier. Stupid big bets seen over the past decade+ will stop. Your Uber ride will no longer be subsidized. BTC/Crypto, insofar as it isn't productive or producing anything of value, will devalue tremendously as the shine has worn off it as speculative gamble and its been left in the dust as far as new tech hype goes. Legalized gambling across the USA is a major problem - it is and will increasingly suck dollars out of the hands of consumers.
Trump will unfortunately get the GOP nomination, causing conservatives like myself to either stay home or vote for Biden. Biden will win re-election. The economy will not crash during this period and Biden will do nothing tremendously dangerous. Were Trump to pull off the win (not likely), more risk for the economy from wildcard factor. If Biden dies in office, expect markets to drop immediately which is the correct time to BUY BUY BUY. After that term, likely get a Republican in office (unless its Trump as nomination).
This post was edited on 5/26/23 at 9:09 am
Posted on 5/26/23 at 9:40 am to Big_Sur
quote:
Were Trump to pull off the win (not likely), more risk for the economy from wildcard factor.
Wait, where have I heard this one?..
Posted on 5/26/23 at 11:20 am to Big_Sur
I agree with Big_Sur except for the political analysis.
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