Wall Street is not overly worried Trump can overturn election

[Tom Paine 1949]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

 

[gipper]

Isn’t Wall Street the big winner in every election?

 

[Zorro!]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

Fake News. The Market is confident that Mitch McConnell will remain in control of the Senate.

He needs to win one of the two GA races or flip Joe Manchin.

And given this nutburger running in GA, The Market's confidence appears well-placed.

Reverend Warnock celebrated Mass Murderer Fidel Castro & welcomed him to his church and sang a Commie Hymn with him. Reverend Warnock is the most dangerous and radical candidate in America.

Speaking of indiscretions …

Warnock, the senior pastor at Ebenezer Baptist Church in Atlanta, has for years been one of the most vocal defenders of [Jeremiah] Wright’s infamous 2003 “God Damn America” sermon, which compared U.S. leaders to al Qaeda and claimed HIV was invented by the government as a way to kill black people. …

Crazed With Anti-Americanism

Warnock has been one of Wright’s most consistent public supporters. In 2014, he praised Wright’s “God Damn America” sermon in a speech at the Auburn Avenue Research Library.

Doesn't Think Much Of Americans

“You ought to go back and see if you can find and read, as I have, the entire sermon. It was a very fine sermon. And Jeremiah Wright was right when he said the attack on him was in a real sense an attack on the black church,” Warnock said. “The message of Jeremiah Wright was that public policy has consequences.”

AQ's 9/11 Attack On America and the Murder of over 3,000 Civilians "Justified".

In another speech in 2013, Warnock called Wright’s sermon “a very fine homily.” In his 2013 book, The Divided Mind of the Black Church, Warnock compared Wright’s insights to those of the biblical prophet Jeremiah.

Warnock, no fan of Jews, rant against Israel in 2018, captured by Jewish Insider’s Jacob Kornbluh:



You can trust Democrats to rally behind the most radical and damageable candidate.

 

[Tom Paine 1949]

Isn’t Wall Street the big winner in every election?

Yes, but notice how very few USMBers will admit this!

There are some — a minority with no power — in the “left wing” of the Democratic Party who talk vaguely about “structural change” in Wall Street, but they have no real base in the working class or chance to take over the Democrats in this period.

Nobody at all in the Trump Party, even those advocating dumping “Republican” traditions and styling themselves “an America First, populist, nationalist workers’ party” have challenged the Wall Street / stock market / crony capitalist system.

Saying you want to “drain the swamp” (of Democrats & “RINOs”) is meaningless without a program to attack the system as it really is. Trump never opposed Wall Street, corporate power, or the military-industrial complex.

If he had, Wall Street Democrats & Trump fanatics both would have perhaps ended more cogently calling this new Republican Party phenomenon an ... “America First, populist, national socialist worker’s party”! But of course Trump fanatics hate all things “socialist” or even social-democratic, and the right populist character of the movement would collapse in this case.

“Small government,” reduced social services, a big army, militarized police, poorer working people screaming against foreign enemies — this is our likely future. It will occur especially if and when “America First” nationalists come back into power. I suspect this will happen in 2024.

 

[Bootney Lee Farnsworth]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

 

[Tom Paine 1949]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

I’ve got no objection whatever ...

So who are you betting on? I’m betting on a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years.

 

[Bootney Lee Farnsworth]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

I’ve got no objection whatever ...

So who are you betting on? I’m betting on a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years.

There's a difference between capitalism and crony capitalism. Some of those motherfuckers get inside information and are able to cheat the system. They are called senators and congressmen.

 

[Zorro!]

Isn’t Wall Street the big winner in every election?

Yes, but notice how very few USMBers will admit this!

There are some — a minority with no power — in the “left wing” of the Democratic Party who talk vaguely about “structural change” in Wall Street, but they have no real base in the working class or chance to take over the Democrats in this period.

Nobody at all in the Trump Party, even those advocating dumping “Republican” traditions and styling themselves “an America First, populist, nationalist workers’ party” have challenged the Wall Street / stock market / crony capitalist system.

Saying you want to “drain the swamp” (of Democrats & “RINOs”) is meaningless without a program to attack the system as it really is. Trump never opposed Wall Street, corporate power, or the military-industrial complex.

If he had, Wall Street Democrats & Trump fanatics both would have perhaps ended more cogently calling this new Republican Party phenomenon an ... “America First, populist, national socialist worker’s party”! But of course Trump fanatics hate all things “socialist” or even social-democratic, and the right populist character of the movement would collapse in this case.

“Small government,” reduced social services, a big army, militarized police, poorer working people screaming against foreign enemies — this is our likely future. It will occur especially if and when “America First” nationalists come back into power. I suspect this will happen in 2024.

That's a long winded incoherent rant that says nothing of substance. What is the point you are attempting to make?

 

[Tom Paine 1949]

As Trump refuses to concede, some bettors hold out too

A theme of this thread was that the biggest gambling casino in the world — the stock market — was placing its bets on a Biden presidency, and that “The House” would profit whether the donkey or the elephant won this race.

But there are also bookies in cities across the country and of course internet gamblers.... Diehard Trump supporters are still able to place their bets on their own long-odds favorite, himself an ex-casino owner:

LONDON/NEW YORK (Reuters) - President Donald Trump’s challenge of the U.S. election result in the courts has emboldened some to bet he can still win, even as most bookies have settled bets by accepting that President-elect Joe Biden will succeed him.

Trump still has a 10% chance of remaining in the White House for a second term, according to Betfair, an online betting exchange that matches opposing wagers by punters. That is up from 3% late last week....

Major bookmakers, such as Paddy Power, Ladbrokes and William Hill, have paid out bets on the basis that Biden won, but many online exchanges such as Betfair have not settled bets and remain open for election wagers...

Nearly 80% of Americans, including more than half of Republicans, recognize Biden as the winner of the presidential election, according to a Reuters/Ipsos poll published this week...

Betting exchanges such as Betfair and Predictit that are still taking bets on the election said they needed more certainty to call the outcome, and declined to specify when they would follow the lead of the bookies. A Predictit spokeswoman said the company was “seeking clarity in light of ongoing vote counts, potential recounts and any legal challenges.”

Not all betting exchanges remain open to election bets. Smarkets settled bets on Saturday after U.S. TV networks called the election for Biden. “It appeared clear that Biden’s leads in the key swing states was unassailable,” a spokesman for the firm said....

Those who are still bullish on Trump’s odds remain defiant. “I think the betting odds show that there are some smart people that are realizing this is not over,” said Nathan Lands, a Silicon Valley entrepreneur and Trump supporter.

As Trump refuses to concede, some bettors hold out too

 

[Zorro!]

As Trump refuses to concede, some bettors hold out too

A theme of this thread was that the biggest gambling casino in the world — the stock market — was placing its bets on a Biden presidency...

Fake News. The Stock Market is betting on a weakened Pelosi and Apex Predator Cocaine Mitch, ensuring that Dems don't destroy the country.

 

[Tom Paine 1949]

As Trump refuses to concede, some bettors hold out too

A theme of this thread was that the biggest gambling casino in the world — the stock market — was placing its bets on a Biden presidency...

Fake News. The Stock Market is betting on a weakened Pelosi and Apex Predator Cocaine Mitch, ensuring that Dems don't destroy the country.

Your comments are always so juvenile, and so thoroughly miss the points I — and the articles I quote — are making, that it is pointless to reply substantively. You also cannot summon even a trace of humor in response to what after all is mainly a funny article simply reporting on the odds bookies and internet gamblers have actually been giving on who would win. “Fake News” and extreme partisanship seems like a knee jerk response for you to ... everything.

 

[Billiejeens]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

I’ve got no objection whatever ...

So who are you betting on? I’m betting on a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years.

Is that a problem?

 

[Zorro!]

As Trump refuses to concede, some bettors hold out too

A theme of this thread was that the biggest gambling casino in the world — the stock market — was placing its bets on a Biden presidency...

Fake News. The Stock Market is betting on a weakened Pelosi and Apex Predator Cocaine Mitch, ensuring that Dems don't destroy the country.

Your comments are always so juvenile, and so thoroughly miss the points I — and the articles I quote — are making, that it is pointless to reply substantively...

Fake News. You are in the habit of presuming your point. You should thank me for calling you on this mentally sloppy habit.

You're Welcome!

 

[Tom Paine 1949]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

I’ve got no objection whatever ...

So who are you betting on? I’m betting on a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years.

Is that a problem?

I asked you a question first. But to answer your own: Yes, I think “a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years” ... would be very unfortunate. I believe this is all but inevitable at this point.

 

[Zorro!]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

I’ve got no objection whatever ...

So who are you betting on? I’m betting on a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years.

Is that a problem?

I asked you a question first...

Fake News. Your lead post opened with an assertion.

... But to answer your own: Yes, I think “a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years” ...

See how quickly you abandoned your own assertion at the first challenge?

... would be very unfortunate. I believe this is all but inevitable at this point...

All the wild plans Dems had for unbridled autocracy crashed into the will of the Electorate. Trump the Populist didn't make it, but the GOP had a very solid election.

No one really likes you guys and they certainly have no desire to have a coven of inept fools destroy the ingenuity of the American Experiment in Self-Government. Hell, even the CA proposition returned a solidly thoughtful conservative result that refused excessive taxation and preserved the fundamental right of Californians to freely exchange their labor for pay.

I can see why you are so testy, but, the Electorate saved you guys from yourselves. The great election that the GOP had at the State Legislature level guarantees control of the pen that redraws legislative districts for the next 5 elections, both State and Federal.

Just think, just a little less crazy and maybe you guys wouldn't have lost so many key races.

Our Constitution is pretty fabulous!

 

[BertramN]

If Moscow Mitch can convince Biden to sign off on legislation to repeal Dodd-Frank, the banking industry can go back to being "too big to fail", and fail again as they did in 2008. Another big win for unregulated capitalism.

.

 

[Tom Paine 1949]

If Moscow Mitch can convince Biden to sign off on legislation to repeal Dodd-Frank, the banking industry can go back to being "too big to fail", and fail again as they did in 2008. Another big win for unregulated capitalism.

Let us hope that it won’t come to that. It is certainly possible that there will be a major crash in Biden’s administration, as in 2008 under baby Bush.

The banks at present are well capitalized and backed by unlimited Federal Reserve support, without which the economy as a whole probably already would have crashed to depression levels. The economy, and U.S. capitalism as a whole, is in the midst of a major “state capitalist” transition, and “Modern Monetary Theory” credit pumping and fiat money issuance will probably win out again in any conceivable crisis.

Reborn “balanced budget” Republicans could still however roil the waters and push austerity if they control one or both houses of Congress, but that of course would be a pure political play. In a crisis like 2008 the Federal Reserve would like to be given even more powers, but they may find Congress balks. Still, they’ve proved very creative so far using the powers they have.

Most likely given “deadlocked government,” and obstructionism from Republicans, nothing will be done, not even much infrastructure financing. Even Elizabeth Warren style reforms are off the agenda for the next period. The crucial re-structuring of the whole tax system, creating an international system to tax global corporations and currency transactions and internet sales of stock and financial instruments, will not even be considered.

Even rebuilding the IMF will likely falter as Biden continues the new Cold War against Russia and China. Perhaps the war in Yemen will end, and a little pressure applied to the Saudis to free prisoners or even nudge out MBS, but I wouldn’t expect any significant changes in the Middle East, where changes are certainly called for.

 

[Zorro!]

If Moscow Mitch can convince Biden to sign off on legislation to repeal Dodd-Frank, the banking industry can go back to being "too big to fail", and fail again as they did in 2008. Another big win for unregulated capitalism.

...creating an international system to tax global corporations and currency transactions and internet sales of stock and financial instruments, will not even be considered....

Gee, you can't implement your plans for "all the world to be taxed?" Sad! Boy those Markets sure seem happy that the craziest of the craziest Democrats are running into the wall of reason that is the Apex Predator, Cocaine Mitch McConnell!

Great news: Ocasio-Cortez to campaign in Georgia runoffs “so that we don’t have to negotiate” with GOP



Politico: Er, “what planet is AOC on?”

Great news for the GOP and RNC, that is. This comes from a Sunday morning conversation between Alexandria Ocasio-Cortez and CNN’s Jake Tapper in which the progressive firebrand pledged to personally campaign in Georgia in the senatorial runoff elections. Ocasio-Cortez wants to personally explain that Democrats shouldn’t need to talk to nasty Republicans while governing the country, or something:[/url]

Yes, that will be a winning message … in a red state where both senatorial campaigns got more Republican votes than Democrat, and underperformed Joe Biden in both cases. Both Jon Ossoff and Raphael Warnock have tried dodging progressive agenda items and connections to the left wing of the party in the general election. Nothing would help David Perdue and Kelly Loeffler more than having Ocasio-Cortez on the stump in Georgia explaining how electing Ossoff and Warnock would enable a leftist takeover in Washington DC.[/url]

Can we raise funds to make sure AOC sticks around the entire seven weeks?

Actually, Loeffler’s already on the case:

This is one of the highest-turnout elections in decades in terms of percentage of the voting-age population as well as sheer numbers. That favored Republicans in this cycle, at least those not named Trump. Mobilization is one part of politics, but only a part. Negotiation and persuasion are also key, and it’s clear that AOC is on another planet when it comes to those components. [/URL]

 

[Billiejeens]

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

***

Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

I’ve got no objection whatever ...

So who are you betting on? I’m betting on a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years.

Is that a problem?

I asked you a question first. But to answer your own: Yes, I think “a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years” ... would be very unfortunate. I believe this is all but inevitable at this point.

That is exponentially better than the alternative.

 

[Zorro!]

Mithc

I’ve long argued that the big winner of this election would be ... capitalism. But for those who are interested in betting — at this late date — on which capitalist politician will come out on top, Biden or Trump, here is a hint on what the biggest of the big-boy betting casinos is thinking — the stock market:

Ahead of the election, analysts had said a key risk to financial market stability was the possibility that Trump would contest the result if he lost, or refuse to leave office.

Still, even as that scenario has been playing out, the benchmark S&P 500 stock index is up approximately 6% since Election Day. Sectors that were expected to outperform under President-elect Joe Biden are surging, such as cannabis stocks and clean energy. Private prison stocks have dropped by 8% or more, reflecting Biden’s proposal to end federal use of private facilities.

“The market believes that the Biden victory is unlikely to be overturned,” said Maneesh Deshpande, head of equity derivatives at Barclays....

Market expectations of volatility are higher in late December to early January, around when Georgia’s Jan. 5 run-off election for its two U.S. Senate seats, which will decide whether Biden’s Democrats can gain majority control of that chamber.

Moody’s Investors Service, in a note on Tuesday, warned that ongoing legal challenges to Biden’s projected victory could unsettle markets and stir social tensions, which could have a material impact on the U.S. recovery.

Still, Moody’s said its assumption was that “U.S. institutions will eventually resolve these issues without causing any meaningful, enduring credit impact.”...

Wall Street is not overly worried Trump can overturn election

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Here is an earlier discussion on how our modern “crony capitalist” / “state capitalist” / “late capitalist” / “global financial capitalist” system — (take your pick) — pretty much always wins its bets:

And the Big Winner is ... the Stock Market!

and a quick, 30-day audit should be just fine, right? Why the obstruction?

I’ve got no objection whatever ...

So who are you betting on? I’m betting on a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years.

Is that a problem?

I asked you a question first. But to answer your own: Yes, I think “a continuation of deadlocked government, which will let the financial empire of Wall Street corporate capitalism run wild for another 4 years” ... would be very unfortunate. I believe this is all but inevitable at this point.

That is exponentially better than the alternative.

Mitch McConnell stands in the breach with his fingers firmly stuffed into the dyke!