And the oddest fear is precisely what will happen if we start trying to ramp up a bit of what used to be normal accountability?
Would you like to posit a theory? The article says nothing about this, and states entirely different causes. This concern seems rather tangential to recent market activity
In general it’s an earnings story though I agree.
Given what Trump did when he lost the election, we can bet that whatever comes now will be way way more nasty and disruptive.
Then, if the dems don't win, it will imply a massive scale of election fraud, which too will stir sh*t in another, but equally significant way.
So one way or another, the market volatility is all but guaranteed, and a significant market slide is also very likely as people will be parking in cash/gold for a while. And weak tech earnings is just the right trigger.
A clamp on down on DC construction would basically slam the current economy into a wall.
Lots of people celebrate that as being some kind of end of AI, but it wouldn't be, it would ultimately just throw gas on the fire of "we need to cut heads, figure out how to get AI to leverage your productivity".
Obviously Republicans will win a large number of these elections, but even their victories will be a source of great alarm.
That era and the reckoning it will bring are coming, either now or in two years. The skillet is getting hotter day by day.
Democratic and Republican voters are suffering equally.
At some point of rising costs of living, Republicans will break with dying Trump. They’ll blame his old age, and as Lindsey Graham put it “that Hitler shit.”
That puts Republican senators who might want to break with him in a tough position.
It's possible that if the Iran war drags on and things get much worse, that could change, but I don't see it happening overnight.
Trump is cancelling rallies left and right in key states as we speak, because he has put himself and “that Hitler shit” on the midterm ballot, and it’s not going well.
The man claims he doesn’t know who David Duke or the KKK is, like we’re all that stupid.
All while he sends Americans to die in Iran for “nuclear weapons” while ignoring North Korea’s heist of $5B in crypto to do the same. Giving Russia billions of U.S. tax dollars for a few days worth of diesel just prolongs the Ukrainian defense against their invasion.
How’s the national debt cost per American trending since the start of the 2nd term? Has the massive taxpayer funded budget increase been worth ICE detaining 500 American citizens and killing at least three citizens without any shred of accountability?
You may be right that 75% of ~50% of voters approve, but the negligent spending without accountability will only be allowed to go so far. Fiscal conservatives will step in when their stock prices tank.
Good news on that front is that political fighting typically evaporates with the campaigns. Bad news, of course, is that it typically comes back with them. So contracts have to be executed stupid quick.
Which flat out makes some things like the CHIPS act non-starters as long as we can't trust the next administration to give a good faith attempt at executing and honoring what came before.
Bidens CHIPS Act is still largely intact though isn't it? The next admin changed some things, renegotiated some implementation details, and even expanded parts of the subsidies. But I believe it is still moving forward at basically the same scale as was originally envisioned.
Political uncertainty has an impact but it's presently outsized by tech. The president is well-insulated from "normal accountability". He won't be impeached so he can continue manipulating the market and self-dealing.
But let’s consider what causes a wave. Economic anger.
Uncertainty that just developed overnight?
> With the incredibly frustrating aspect that we can't really directly discuss exactly how corrupt a few of the main actors have been, to date.
What does that have to do with Intel, Amazon, and Google's financial results?
And where did you get the impression that no one can "discuss" any of this? A minute doesn't go by that someone isn't talking about Trump. Including you, regarding a completely unrelated topic.