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Things to be ready for if Trump wins from an immediate economic point of view.

Posted on 10/30/24 at 5:22 pm
Posted by SaintsReportExile
Member since Nov 2023
669 posts
Posted on 10/30/24 at 5:22 pm
The surge of money coming from the government gets shut off almost immediately.

No more propped up numbers for the jobs market or liquidity injected into the stock market.

Activist liberal hedge funds will sell off equities to raise cash because they will not have the same influence they have over the Biden White house.

Many of the economic reports that we get will no longer be 'cooked' to the degree they have been for the past couple years.

The truth of the matter is that this stock market has been majorly propped up by government spending and manipulated economic reports for quite a while and that all comes to a very abrupt end if Trump wins.

That all being said, the large dip that will occur will be a prim opportunity to pick up solid companies on the cheap because eventually everything will surge back, but we have to have a correction from all this propped up liquidity and manipulation.
Posted by Bunk Moreland
Member since Dec 2010
66041 posts
Posted on 10/30/24 at 5:29 pm to
$36 trillion in debt, record deficits, $1 trillion in personal credit card debt, car loans defaulting left and right, inflation is already bad so printing more money will just make things worse. There is no way out of this.
Posted by SaintsReportExile
Member since Nov 2023
669 posts
Posted on 10/30/24 at 5:32 pm to
quote:

$36 trillion in debt, record deficits, $1 trillion in personal credit card debt, car loans defaulting left and right, inflation is already bad so printing more money will just make things worse. There is no way out of this.


Oh I agree, but you would be surprised how long they could keep it propped up if they wanted to. It's pretty easy, keep the Mag 7 above their 20 day SMA, and make sure to prevent any banks from failing and you can keep a market propped up. Something will eventually break, and it will be bad when it goes.
Posted by Jake88
Member since Apr 2005
77520 posts
Posted on 10/30/24 at 5:34 pm to
I want a real budget with a real 5% cut in spending. Not 5% of the baked in annual increase.
Posted by OU812
Michigan
Member since Apr 2004
13499 posts
Posted on 10/30/24 at 5:44 pm to
Trump has never mentioned the national debt that I have heard. That is the one thing about him that I worry about.
Posted by Longhorn Actual
Member since Dec 2023
2856 posts
Posted on 10/30/24 at 5:46 pm to
We’ve discussed this for months now. All they have to do is not cook the books, then hang the sudden “crash” around his neck. And since it’ll be nothing more than a change from bullshite to reality, the data will “prove” he crashed the economy.
Posted by Lambfries
NOLA, LA
Member since Sep 2008
327 posts
Posted on 10/30/24 at 5:59 pm to
He talked about the national debt on Rogan. COVID killed his plans to pay it down in his first term.
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