cancel
Showing results for 
Search instead for 
Did you mean: 
hardnox604008
Advisor

If Wall Street really wants Romney they'd best get going.

The economuc argument isn't going to cut it without some bad markets and/or stats in the next two months.

 

Stats are likely to be prettied up for a couple months so forget about that.

 

Markets are in moderate risk on mode, perhaps because everyone in Europe is off frollicking in their banana hammock suits on the Riviera for the month. Maybe we start some action after Labor day.

 

My sense of it also is that the NY Fed has also been active in supporting the stock market becasue the Fed is hemmed in by politics and the commodity vigilantes. Make of that what you will.

 

Sooo...  More Wall Street money is going to the Repub this time and the chief economic advisor to the Romney is the star of the movie "Inside Job" and #1 enabler to the pillagers of the .01%, Glenn Hubbard.  Gotta think that the playas want Romney bad.

 

Only way I see it working is for markets to turn ugly in the near future. As to how that game goes- da playas vs. Brian Sack and the PPT at the NY Fed, I'm awaiting the spectacle like pay per view cage fighting.

 

Anyway, as far as economics go we're talking about a choice between bad and worse.

8 Replies
r3020
Senior Advisor

Re: If Wall Street really wants Romney they'd best get going.

Why would you participate in a market so manipulated? Why would wall street want to make a change, have they not done well enough under Obama? What more could Obama have given them? Has Eric Holder brough charges against anyone. Look at John Corzine. 1.2 billion "disappears" and he walks.

hardnox604008
Advisor

Re: If Wall Street really wants Romney they'd best get going.

Because. like farmers who have done very well "under Obama", they are for sale to the highest bidder.

 

Romney would give them more- repeal of the weak financial reforms, little or no taxation on the booty etc.

 

They are also covering both sides of the bet, as always, although clearly leaning more toward the Repub than in '08.

r3020
Senior Advisor

Re: If Wall Street really wants Romney they'd best get going.

Looks like they are going to stick with the sure thing.

 

snip-

Policy makers at the US Federal Reserve are leaning toward more stimulus action "fairly soon" unless economic data turns around, minutes from their meeting three weeks ago showed Wednesday.

The minutes showed most of the members of the Federal Open Market Committee were concerned about slowing growth and the vulnerability of the economy to external threat, particularly economic instability in Europe.

"Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery," the record of the July 31-August 1 FOMC meeting said.

"A number of members noted that if the recent modest rate of economic growth were to persist, the economy would be less able to weather a material adverse shock without slipping back into recession," it added.

 

http://sg.news.yahoo.com/federal-leaning-toward-more-stimulus-181645511.html

Red Steele
Veteran Advisor

Re: If Wall Street really wants Romney they'd best get going.

Markets are good in anticipation of Romney and Ryan winning in November. If the polls turn around and Obama and the village idiot start to look Presidential, the markets will sag.

 

I hope you hire someone to market your crops for you, Nox.

 

Otherwise I would assume you do not understand why the corn and soybean markets have rallied, based on expectations of what is going to come out of the fields this fall.

hardnox604008
Advisor

Re: If Wall Street really wants Romney they'd best get going.

I have considered that "markets" may really like the stupendous deficits that a Romney admin plus a Repub congress would deliver. For a while, at least.

 

Markets are also like roundheeled gals insofar as they like sweet lies- might even buy the baloney about how the deficit will come down in the out years, even if it is staggering to start with, so all is well.

gough whitlam
Senior Contributor

Re: If Wall Street really wants Romney they'd best get going.

Markets are NOT good because of an anticipated change of government.  That is what a "market" is all about.  You are now trying to suffocate the few real measures of prosperity for political purposes.  For interest sake, where was the Dow when Obama took over?  And now you say they will manipulate it down because he might get in?  Economics has never been your strong point.

hardnox604008
Advisor

Re: If Wall Street really wants Romney they'd best get going.

Actually, think we should see a pretty decent selloff beginning very soon.

 

That means we got a horse race- otherwise it is an Obama landslide.

 

As to the rhyme and reason  behind it- you could argue that the artificial support just runs out ofg gas early or whatever you'd like, really.

r3020
Senior Advisor

Re: If Wall Street really wants Romney they'd best get going.

What is it Obama has done that makes you think he will win in a landslide if the stock market doesn't sell off before the election?