How Will Your Life Change if..........
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@taiwan_girl said in How Will Your Life Change if..........:
@Kincaid I know history is not a prediction of the future, but why do you think #1 is worrying ? There was an interesting discussion a week or so ago on this. My statement was that historically, on average, measures of the economy did not show a major difference between Presidents. In fact, historical stock market returns are higher under Democrat’s than Republics.
The US system seems to move Presdients to the center.
The bear markets and the great recession might not care what president is at the helm, but I am in a place where if another 2008 followed by another "Obama" recovery happened I would be living very poor indeed in 10 years. IIRC, it took about 6 or 8 years for my 401k to get back to where it was in 2008 after it was cut in half or worse.
Also, it seems to me the timing has just been unlucky for Republican Presidents. If 9/11 had happened in the last year of Clinton's presidency, if the dot.com boom had ramped up a couple years later, if Clinton's policies hadn't overheated the housing market setting up the 2008 fall...
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@Kincaid , my guy at Fidelity says that, in the long run, the markets don't care about who's in the office. What they care about is 1) stability, 2) predictability.
If they can know what's going to happen, they can deal with it. If they can't predict, they hope it stays the same.
Don't know if that's totally true or not, but it makes sense.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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We're still paying for Iraq,.
Some people paid quite a bit more, obviously.
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@George-K said in How Will Your Life Change if..........:
@Kincaid , my guy at Fidelity says that, in the long run, the markets don't care about who's in the office. What they care about is 1) stability, 2) predictability.
If they can know what's going to happen, they can deal with it. If they can't predict, they hope it stays the same.
Don't know if that's totally true or not, but it makes sense.
Agree 100%. At the other forum board, I mentioned that I had one time had a conversation with the head of PTT organization in Thailand. This is a global Fortune 100 company. We were talking about oil prices and politics and how they affect business. And he basically said as George says - stability is more important than the actual who is in power.
If they have a sense of that the next future years will be the same as the current, that is most important.
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Tell therefore guys in the oil business about fracking.
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in How Will Your Life Change if..........:
Tell therefore guys in the oil business about fracking.
This is a gentleman who runs a $100billion yearly company. There is not fracking in Thailand (that I know) but I am sure they look at the impact on world oil prices.
If oil prices remain low and they know they will remain low, that is more important than the price jumping from $25 to $100 and back and forth.
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The thing is Biden has shot his mouth off about a whole lot of stuff that will never, ever get through Congress. He also has the benefit of not having to actually deliver since no one really expects him to complete his term.
He's still running on 'I'm not HIM!'.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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@Mik I agree with you, but how is this different from any politician?
I think the politician training manual has a chapter:
“Overpromise during campaign”
“Under deliver during office” -
That many people are idiot lemmings?
Trump has done a lot of what he said he would do. Don't like his policies? Don't vote for him.
But knowing that he will try to enact his policies, is preferable to a candidate who says elect me and I'll let you know what I'm going to do.
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@taiwan_girl said in How Will Your Life Change if..........:
@Mik I agree with you, but how is this different from any politician?
I think the politician training manual has a chapter:
“Overpromise during campaign”
“Under deliver during office”It's completely different and I reject that premise. Trump promised certain things during his campaign and has managed to accomplish an awful lot of them. Now you may or may not like what he has done, but it is what he said it would be. Bush did the same thing even though he was derailed by 9/11. In many ways so did Obama, although he did not manage to stop the rise of the seas
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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