business

Asian shares mostly fall on uncertainty over U.S. election

12 Comments
By YURI KAGEYAMA

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12 Comments
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I am not looking forward to the stock market tanking if Biden wins.

1 ( +5 / -4 )

The stock market won't tank badly if Biden wins, I believe.

Biden would be an absolute loon if the first thing he does upon assuming office is hike takes on businesses in the middle of the coronavirus recession. That's not what business needs, especially as harder measures to deal with coronavirus itself are likely to bite as well, initially. Hopefully he gets that part right, and then hiking tax on business can be an election issue next time around.

0 ( +1 / -1 )

 "....if the first thing he does upon assuming office is hike takes on businesses in the middle of the coronavirus recession...

The first move Biden would make is roll back the tax cut Trump gave to people earning over $400,000. So that would be putting the situation back to normal rather than anything drastic.

Higher taxes overall likely regardless of who wins. The deficit hawks have Trump's ear and will want to start paying down the debt once the economy normalizes by collecting more tax revenue. So if businesses aren't hit directly, then their customers (consumers) will be under either candidate. Six of one, half a dozen of another.

-1 ( +2 / -3 )

Asian shares mostly fall on uncertainty over U.S. election

There is no uncertainty, Trump is getting turfed out shortly.

I'm buying shares in alcohol & fireworks companies in anticipation of the global party that will follow him getting his backside booted out.

-2 ( +2 / -4 )

Trump will win easily. The meltdown of the Left will be epic, even funnier than the one in 2016

0 ( +2 / -2 )

 is hike takes on businesses in the middle of the coronavirus recession

The stock market moves on future prospects, not on current events.

0 ( +1 / -1 )

Why is Asia especially Japan still depending on America???. Really slow , dumb and ridiculous.

0 ( +1 / -1 )

Ego Sum Lux Mundi...I like your name, with whose meaning I very much agree, and I agree with your view, though it may not be terribly popular on this forum. I have lived a long time and have witnessed various upheavals in American society. But this one is surely the worst. I remember when the left was almost entirely the realm of the university campus, and to the extent it was known by the general public, it was loathed. The media now cover for it...My guess is that most Japanese are quietly hoping for their own sakes that Trump triumphs.

-1 ( +1 / -2 )

The stock market moves on future prospects, not on current events.

Well, exactly... if the market thought Biden were going to hike tax rates on businesses the market wouldn't be quite as high as it is now, methinks.

The deficit hawks have Trump's ear and will want to start paying down the debt once the economy normalizes by collecting more tax revenue.

I doubt Trump will be relevant much longer, but his advisors haven't been telling him to raise tax rates, they have been telling him to raise economic growth through lower marginal tax rates, and attack the deficit that way. 

It's a valid option for the US, I think, which does have some nominal GDP growth potential in it, at least far more so than Japan. The problem of course, is that politicians always spend more money than they planned to.

Anyway, likely all moot before long, unless Biden wants to retain Larry Kudlow as his chairman of economic advisors, which I doubt.

-1 ( +0 / -1 )

Let's add some numbers and facts into the discussion because numbers and facts don't lie.

Make your decisions based on historical facts, not wishful thinking or ignorance.

S&P 500:

Between 1968 – 1978 and 2000 – 2009, both periods under Republican presidents, the S&P 500 didn’t go anywhere.

The S&P 500 has advanced higher under every Democratic president since 1933.

Deficit:

Reagan (Republican) increased the deficit from $70 billion to $175 billion.

Bush 41 (Republican) increased it again to $300 billion.

Clinton (Democrat) not only reduced it to zero, actually had a $128 billion surplus.

Bush 43 (Republican) took it from a surplus to $1.2 trillion.

Obama (Democrat) halved that deficit to $600 billion.

Trump (Republican) got it back to a trillion.

-1 ( +1 / -2 )

Peter, I’m not American, but understand at least that in order for a President to spend money or cut tax rates they need something to sign into law, which comes from Congress.

So I thought it would be more factual if which party controlled Congress was also taken into consideration, rather than showing only who was President when the deficit did this or that. No doubt someone has done the analysis already?

0 ( +0 / -0 )

Nothing will change at all. If the cowboys win, your investment goes into the few remaining gold mines and if the redskins win , you will be investing in wigwams, pipes, fire water etc. or be financially totally scalped at the pole. lol

0 ( +0 / -0 )

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