*** Official Politics Shitposting Thread ***

[CoccoBill]

Trump was definitely "a joke" before he announced. Even after, long after. Still a joke after he won. Still a joke after the Dow demonstrated that he is better for the safety and prosperity of the world than Obama was and Clinton would have been.

Luls at the Dow demonstrating anything other than Wall Street ejaculating over the upcoming tax breaks and deregulation, such as the one I linked earlier on this page.

[wufwugy]

Luls at the Dow demonstrating anything other than Wall Street ejaculating over the upcoming tax breaks and deregulation, such as the one I linked earlier on this page.

Yep. And, what you just said, shows that the Dow believes Trump is better for safety and prosperity than Obama was and Clinton would be.

The Dow is by leaps and bounds the best single source of information about the world. The next best source isn't even close, and it would be a different stock exchange anyways.

[CoccoBill]

Yep. And, what you just said, shows that the Dow believes Trump is better for safety and prosperity than Obama was and Clinton would be.

I agree, with a minor éclaircissement. Amend "better for safety and prosperity" with "of our corporate overlords, but cares fuck-all about anyone else's", and we're quite accurate. If anything, Trump seems to be bullish regarding war, conflict and pissing everybody on the globe off, apart from those willing to do lucrative business deals with him and/or stay at his hotels.

I think it's absolutely clear that Dow is excited about the upcoming dismissal of pesky regulation such as Dodd-Frank, oil company transparency, EPA, FDA etc. What's good for the small number of megacorporations and their shareholders that mainly influence the Dow, has very little bearing on what's good for the consumer.

[wufwugy]

I agree, with a minor éclaircissement. Amend "better for safety and prosperity" with "of our corporate overlords, but cares fuck-all about anyone else's", and we're quite accurate. If anything, Trump seems to be bullish regarding war, conflict and pissing everybody on the globe off, apart from those willing to do lucrative business deals with him and/or stay at his hotels.

I think it's absolutely clear that Dow is excited about the upcoming dismissal of pesky regulation such as Dodd-Frank, oil company transparency, EPA, FDA etc. What's good for the small number of megacorporations and their shareholders that mainly influence the Dow, has very little bearing on what's good for the consumer.

The price level changes represent information impacts in virtually the entire economy. There is no better single source of determining expectations for that which is good for consumers than behavior of stock prices on the Dow.

If Trump was bullish on war, stock prices would fall (by a lot). Stock prices give us all sorts of empirical information regarding claims.

[BananaStand]

What's good for the small number of megacorporations and their shareholders that mainly influence the Dow, has very little bearing on what's good for the consumer.

Changes in the DOW reflect investor confidence. If the DOW goes up, there is less uncertainty, hence more confidence in taking risks, hence higher stock prices. That's good for everybody. Those 'megacorporations' have to sell things. If there is confidence in their ability to sell, then we must also have confidence in consumer's ability to buy.

The confidence fuels new investment, and deters sell-offs. That means more capital. Which means more investment, more innovation, and more jobs.