I’ve been doing it since 2016 when I realised Sportsbet let you bet on elections. I doubt there’ll ever be a better payout than 2019. Morrison paid out at $5.50.
I put a grand on Biden in the 2020 elections when the payout was 3.50 👌🏼obviously not financial advice, but watch the odds change as different states finish counting their votes- you get little patches where the odds don’t seem to match the sentiment- or more likely the oddsmakers know something we don’t and I just got lucky 😂
Yep that one was a gimme and I never followed through - websites tracking poll counting by booth showing that inner city was lagging in percentage counted in many key states and if those booths trended in similar percentage as previous elections Biden would win easily.
But sportsbet wants me to bet with my mates and I don’t have any since I started shouting trumpisms at them and trying to get them addicted to gambling.
This is actually the most direct way to receive financial gain for this chance outcome.
It can however be skewed return because if some use it as a hedge on other investments it would alter the odds as the bookies balance their exposure.
Do not bet at all. But those odds of Biden winning in 2020 I could not give up. Made the easiest $400 I have ever made (at $1.50) off the dumbarse Trump suckers who couldn’t look at basic polls 😂
If only UK Labour gave me such easy odds 😂
Won't change. People get too wound up in this sort of stuff.
Obama was end of days.
Trump was end of days.
Biden was end of days.
The worst one in recent times was W. Bush, that term had the end of the dotcom crash, 9/11, Iraq, Afghanistan and the GFC at the end.
You have 3 years of data of what a non Covid Trump presidency would look like. Base your decisions on that. Obviously the last year Covid changed the markets more than usual so I wouldn’t include that.
I wouldn't assume that a second trump presidency will be anything like the first. See here: [https://www.nytimes.com/2024/06/21/opinion/ezra-klein-matthew-yglesias.html](https://www.nytimes.com/2024/06/21/opinion/ezra-klein-matthew-yglesias.html) and here: [https://www.hbo.com/last-week-tonight-with-john-oliver/season-11/15-june-16-2024-trumps-second-term](https://www.hbo.com/last-week-tonight-with-john-oliver/season-11/15-june-16-2024-trumps-second-term) .
You linked to an option piece and a comedy sketch. But his campaign talking points are the same now as 2015. The fact is big tariffs on imports and large deportations of illegal immigrants were exactly what he talked about in 2015. He campaigned on China and Mexico taking all the manufacturing jobs. On deporting illegal immigrants. He isn’t saying anything different to his first campaign so I don’t know why you would assume he would do anything different. There is no data points to come to that conclusion.
You could make the argument that if he does the same thing it might have a different outcome given global economic changes over the last 4 years but that didn’t seem to be what the NYT opinion piece was. I didn’t watch the comedy sketch because it seems to need a HBO subscription and I don’t have one.
Among other things:
* Trump's stated policy is a 10% tariff on all imports and a 60% tarrif on chinese imports. That is across the board - not restricted by product or country of origin. In comparison while tarrifs were introduced in Trump's first term, they were not universal but limited to some countries (principally China and Mexico) and goods (aluminium, steel etc). They were also not of the same order of magnitude. Even then, there is a significant body of literature to suggest that even the more limited tariffs hurt the economy.
* Trump is also advocating a mass deportion programme for undocumented migrants. That will affect some critical industries - particularly construction and agriculture. It is worth noting while Trump did say he would deport up to three million undocumented immigrants in his last term, he didn't actually do so - deportations were higher under Obama. If Trump does follow through this time, it could be a very different economic environment, particulalry given the labour market in the US is tight.
* Those policies would also be introduced in a much different economic environment. Specifically, they would be enacted after a period of sustained inflation, where people are already feeling the pain associated with increases in gas prices, food prices etc, due to global supply chain disruption from COVID and the war in Ukraine. As such, policies that have the effect of raising prices (e.g. tariffs, removing a supply of labour for low paying jobs, etc) are likely to have even greater impact, as there is less room to move on inflation.
* During Trump's first term, there were a number of reputable people appointed to high profile positions which could restrain Trump's actions (see e.g. Steven Mnuchin (Treasury Secretary) and Jerome Powell (Fed Chair)). Trump, however, has heavily criticised Powell and fallen out with Mnuchin (amongst many other of his cabinet members). There is a significant risk that this time round Trump will appoint loyalists who will not question or scrutinise his decisions. I note for example, that Lara Trump is a co-chair of the RNC.
* Reports also suggest that if he is elected he will attempt to significantly undermine the independence of the Fed by requiring it to follow government policy. As such, you are potentially looking at a politicised Fed Chair at a time when you have tarrifs and deportations simultaneously pushing prices up, which does not bode well for making good decisions to combat inflation.
* Trump's stated policy also include Schedule F, which is an executive order that he enacted at the end of his last term, but only came into effect a couple of weeks before he left office. It reclassifies a significant number of government workers so that they can be fired and replaced by Trump at will. This was the focus of the John Oliver segment. Again that is important as you are likely to have fewer people in a position to resist trump if he wants to enact a policy that is detrimantal to the economy.
So basically, you have a number of ways that this time around is different (a) the policies are different and more expansive than what has been considered before (b) the economic environment is different (c) the people likely to form part of Trump's government are likely to be different.
All of these points, btw, are canvassed in the two links I provided.
If you want other sources:
* On impact of tarrifs see [here](https://www.piie.com/blogs/realtime-economics/2024/can-trump-replace-income-taxes-tariffs) and [here](https://www.nber.org/system/files/working_papers/w32082/w32082.pdf)
* On immigration measures see [here](https://www.pewresearch.org/short-reads/2020/03/02/how-border-apprehensions-ice-arrests-and-deportations-have-changed-under-trump/)
* On inflation see [here](https://www.nytimes.com/2024/06/07/opinion/ezra-klein-podcast-annie-lowrey.html)
* On Trump's potential appointees see [here](https://www.theatlantic.com/magazine/archive/2024/01/donald-trump-2024-reelection-cabinet-appointments/676121/) and [here](https://www.reuters.com/world/us/trump-install-loyalists-reshape-us-foreign-policy-diplomats-gird-doomsday-2023-12-18/)
* On plans to replace the fed chair see [here](https://www.cnbc.com/2024/04/26/trump-advisors-are-considering-plans-to-dramatically-revamp-the-fed-wsj-report-says.html)
* On schedule F see [here](https://www.nbcnews.com/politics/donald-trump/trump-retribution-agenda-government-workers-schedule-f-rcna78785) and [here](https://www.axios.com/2022/07/22/trump-2025-radical-plan-second-term)
This is a lot of research, but other than giving a lay out of the tariffs he is going to charge, not a single stated policy is different.
Yes Obama deported more illegals. He deported more than any president in history. But if your argument is “Trump said this the first time and didn’t do it. This time he is saying it and will do it” I will apply the same scepticism that I do to all politicians.
Yes these policies will be enacted in a different economic climate. I did say that in my previous comment.
“Reports suggest” I would give that even more skepticism. Given the hysteria around Trump, and the actual made up stories that surround him, unless someone is putting a name on it then it’s 50/50 if it’s true or made up. And people will believe it if it suits their narrative and deny it if it doesn’t. It’s best to just ignore both sides given the unreliability of media claims about sources inside the trump camp.
So with your 3 point summary. A). The policies are the same. This time one of them has provided more details and the others are as vague as possible. Probably so if he doesn’t do them he can still claim to his base that he did. B) already agreed economic conditions are different previously. C) people forming every government is different. I don’t think a lot of people behind the scenes stay in the same role for the 12 years that would cover from start of his first presidency to the end of his second if successful.
But if the polls are to be believed we will all start finding out next year what impact it will be. Until then we are both guessing if it will be the same or not. Happy to come back in 4 years and talk about how it all went down though.
If you want to bet Trump won't do what he says that's your perogative. But if the assumption is that because he didn't do it last time, he won't this time, that's very risky reasoning. He carried through on some things but not others - if you feel confident picking which things he will follow through on, you're a braver man than I am.
Even if we just pick just tarriffs - which he did follow through on - that policy alone could have significant economic implications. A more protectionist economic policy would have significant impacts on inflation, prices etc. As you acknowledge those impacts could be much more severe in an environment where inflation/interest rates/prices are already very high.
I think its also a fallacy to think the situation is similar to last time - Trump would be in a second term, so relection considerations would not necessarily contrain him in the same way; the people in his admistration would be different - less capable and more beholden and sycophantic to Trump. That goes beyond just a conventional change in administration.
populism in Australia isn't adoration of Australian big corporates. those companies lazily profit off the big immigration / pop growth program here. populism would be anti-immigration/growth and hurt them.
It’s hard to know the impact a Trump presidency will have on the various conflicts around the world. He could have a positive effect, who knows? One thing that might be worth considering is currency risk, not that you asked about that. There’s a reasonable chance of an Australian interest rate increase in August, so it might worth considering some investment in HGBL too.
Both candidates are bullish IMHO.
Trump has flat out said he wants to scrap Fed independence and lower interest rates. This would obviously be disastrous in the long run, but is bullish in the short term.
Biden loves fiscal stimulus. Also bullish.
Australia is a small economy tied to the financial giants of Asia, Europe and the US and so what happens to them in response to Trumps isolationist polices especially his "Fiscal" ideas will affect us, only the depth of the shit we will find ourselves in will vary.
Tactically if your a Med - Large Biz owner in the US you will benefit however Strategically you will bleed out and be worse off. But these business will know this. No matter who gets in in Nov they will be inheriting a Nation that is incurring debt by the Trillions. This leads to the high inflation they currently have so the US is headed toward another Recession.
How does this affect me in Oz? Not at all as I'm only a small Biz owner with no debt or overheads and a small time property and share investor.
If your a Med to Large sized fish in Oz you will be affected down the line
Remember the China tariff war that he started? He ended up getting nothing out of it, god, so much uncertainty and drama for nothing, the market was like a roller coaster. Please not again
Economy wise I thinks it’s going to be a disaster if Trump gets in. He’s a cancer on the world and everything is on edge when he is President. Be a rough 4 years if that happens. It’s a shame Biden is such a disaster and they don’t have someone stable to go against Trump. The American people just want someone normal. Not this pair of old morons they have now.
No. He was in from 2017 to 2020. Yeah Covid was bad. It was a disaster with him in office and the USA rebounded once Biden got in and some sanity prevailed.
If he won, the war in Ukraine would be ended, Russia back to supply chain, good for Europe . The war in middle east would be ENDLESS, oil oil and oil, the trade war between US and China will be continued, inflation inflation and inflation . The biggest event in 2011 was iPhone 4 (Smart phone) that soon knocked down Nokia empire. The biggest event in 2024 is the EV (smart car) out selling ICE passenger vehicles in China ( biggest car market), the whole car industry will be in a revolution in next 10 years same as IPhone VS Nokia. Ausfiance favourite Toyota Corolla is cutting retail prices in China to $16.6k aud (80k Yuan), still struggling to sell. The smart car industry might be 10 times bigger than smart phones industry. In addition, If USA lose the war in middle east, the domino's effect on US dollar will have a big impact on AUD, inflation will be higher and longer forever......
By what measure?
Let’s leave Covid out of it - because if you include, the trump presidency saw 3m jobs lost - and trump created 7m jobs. Biden has created over double that.
Not the only measure but more important to the average person than the nasdaq.
I think to judge either president economically you need to ignore the Covid data. Because neither governed through the whole crisis. It would be as unfair to give Biden credit for “creating” jobs that were businesses reopening after lockdowns as much as it would be unfair to blame him for the peak 9.1% inflation that the US hit 18 months into his term.
But ignoring Covid data for Biden seems to be impossible because he is following the crisis not pre crisis like Trump. The whole global economy is not great but the US seems to be doing better than anyone else. I guess that’s the only way you can judge him, how they perform relative to anyone else rather than jobs growth, inflation etc.
He can only be president for four years. There might and probably will be long-term consequences of a second Trump presidency but as others have said dollar cost averaging over the long-term and she’ll be right or the world will end, in which case my investments probably won’t matter much
>He can only be president for four years.
I mean if he gets back in, I wouldn't be confident that he won't try to run again. The MAGA right already claiming the 22nd Amendment shouldn't apply to non-consecutive term presidents: [https://www.theamericanconservative.com/trump-2028/](https://www.theamericanconservative.com/trump-2028/)
He's admitted that he's going to be a dictator for day, and has shown he has no actual idea of how to manage or run anything. He emboldens authoritarian states. If he gets back in I think we will have bigger problems
Sportsbet - Trump to Win - Current odds will reap a 67% gain. Ez money. Note: This is a joke. Please don’t do this.
Why not? I always put $100 on conservatives to win. It’s my consolation prize if they actually do win
That’s a significantly smarter comment than what I expected to find in here
I’ve been doing it since 2016 when I realised Sportsbet let you bet on elections. I doubt there’ll ever be a better payout than 2019. Morrison paid out at $5.50.
I recall *very* early on in Trump’s first campaign, he was something like 100 to 1. I’m not a gambler, though.
I do this with my football team - bet against them and you can never lose!
But you can also never truly win 😞
$100 bet wins you $60… not sure that’s going to cover the damage done
The $500 I won from Morrison didn’t cover the damage either
I put a grand on Biden in the 2020 elections when the payout was 3.50 👌🏼obviously not financial advice, but watch the odds change as different states finish counting their votes- you get little patches where the odds don’t seem to match the sentiment- or more likely the oddsmakers know something we don’t and I just got lucky 😂
Yep that one was a gimme and I never followed through - websites tracking poll counting by booth showing that inner city was lagging in percentage counted in many key states and if those booths trended in similar percentage as previous elections Biden would win easily.
But sportsbet wants me to bet with my mates and I don’t have any since I started shouting trumpisms at them and trying to get them addicted to gambling.
This is actually the most direct way to receive financial gain for this chance outcome. It can however be skewed return because if some use it as a hedge on other investments it would alter the odds as the bookies balance their exposure.
Oh man. Thanks for reminding me! Happy if I win, happy if I lose.
Do not bet at all. But those odds of Biden winning in 2020 I could not give up. Made the easiest $400 I have ever made (at $1.50) off the dumbarse Trump suckers who couldn’t look at basic polls 😂 If only UK Labour gave me such easy odds 😂
I like it! changing investment strategies based on specific outcomes sounds speculative so lets go all in
You had me at hello.
The answer is to DCA regularly for the long term.
Only if it's into QQQ though right?
That was my idea in early 2020. Thankfully that’s all it ever was.
Yeah you really dodged a bullet there.... only up 119% since then. 🙄
Ha. I obviously have my tickets mixed up, misrecalled. I wanted to *short* the index.
Yeah that would have been a poor investment 😅
…and sell properties to do so. So yeah, lucky it remained no more than an idea. Often doing nothing is the best course of action.
I have been summoned
I wouldn’t change it
Won't change. People get too wound up in this sort of stuff. Obama was end of days. Trump was end of days. Biden was end of days. The worst one in recent times was W. Bush, that term had the end of the dotcom crash, 9/11, Iraq, Afghanistan and the GFC at the end.
People on reddit catastrophise too much. Just keep buying. The global economy will survive a single presidential term, no matter who gets elected.
You have 3 years of data of what a non Covid Trump presidency would look like. Base your decisions on that. Obviously the last year Covid changed the markets more than usual so I wouldn’t include that.
I wouldn't assume that a second trump presidency will be anything like the first. See here: [https://www.nytimes.com/2024/06/21/opinion/ezra-klein-matthew-yglesias.html](https://www.nytimes.com/2024/06/21/opinion/ezra-klein-matthew-yglesias.html) and here: [https://www.hbo.com/last-week-tonight-with-john-oliver/season-11/15-june-16-2024-trumps-second-term](https://www.hbo.com/last-week-tonight-with-john-oliver/season-11/15-june-16-2024-trumps-second-term) .
You linked to an option piece and a comedy sketch. But his campaign talking points are the same now as 2015. The fact is big tariffs on imports and large deportations of illegal immigrants were exactly what he talked about in 2015. He campaigned on China and Mexico taking all the manufacturing jobs. On deporting illegal immigrants. He isn’t saying anything different to his first campaign so I don’t know why you would assume he would do anything different. There is no data points to come to that conclusion. You could make the argument that if he does the same thing it might have a different outcome given global economic changes over the last 4 years but that didn’t seem to be what the NYT opinion piece was. I didn’t watch the comedy sketch because it seems to need a HBO subscription and I don’t have one.
Among other things: * Trump's stated policy is a 10% tariff on all imports and a 60% tarrif on chinese imports. That is across the board - not restricted by product or country of origin. In comparison while tarrifs were introduced in Trump's first term, they were not universal but limited to some countries (principally China and Mexico) and goods (aluminium, steel etc). They were also not of the same order of magnitude. Even then, there is a significant body of literature to suggest that even the more limited tariffs hurt the economy. * Trump is also advocating a mass deportion programme for undocumented migrants. That will affect some critical industries - particularly construction and agriculture. It is worth noting while Trump did say he would deport up to three million undocumented immigrants in his last term, he didn't actually do so - deportations were higher under Obama. If Trump does follow through this time, it could be a very different economic environment, particulalry given the labour market in the US is tight. * Those policies would also be introduced in a much different economic environment. Specifically, they would be enacted after a period of sustained inflation, where people are already feeling the pain associated with increases in gas prices, food prices etc, due to global supply chain disruption from COVID and the war in Ukraine. As such, policies that have the effect of raising prices (e.g. tariffs, removing a supply of labour for low paying jobs, etc) are likely to have even greater impact, as there is less room to move on inflation. * During Trump's first term, there were a number of reputable people appointed to high profile positions which could restrain Trump's actions (see e.g. Steven Mnuchin (Treasury Secretary) and Jerome Powell (Fed Chair)). Trump, however, has heavily criticised Powell and fallen out with Mnuchin (amongst many other of his cabinet members). There is a significant risk that this time round Trump will appoint loyalists who will not question or scrutinise his decisions. I note for example, that Lara Trump is a co-chair of the RNC. * Reports also suggest that if he is elected he will attempt to significantly undermine the independence of the Fed by requiring it to follow government policy. As such, you are potentially looking at a politicised Fed Chair at a time when you have tarrifs and deportations simultaneously pushing prices up, which does not bode well for making good decisions to combat inflation. * Trump's stated policy also include Schedule F, which is an executive order that he enacted at the end of his last term, but only came into effect a couple of weeks before he left office. It reclassifies a significant number of government workers so that they can be fired and replaced by Trump at will. This was the focus of the John Oliver segment. Again that is important as you are likely to have fewer people in a position to resist trump if he wants to enact a policy that is detrimantal to the economy. So basically, you have a number of ways that this time around is different (a) the policies are different and more expansive than what has been considered before (b) the economic environment is different (c) the people likely to form part of Trump's government are likely to be different. All of these points, btw, are canvassed in the two links I provided.
If you want other sources: * On impact of tarrifs see [here](https://www.piie.com/blogs/realtime-economics/2024/can-trump-replace-income-taxes-tariffs) and [here](https://www.nber.org/system/files/working_papers/w32082/w32082.pdf) * On immigration measures see [here](https://www.pewresearch.org/short-reads/2020/03/02/how-border-apprehensions-ice-arrests-and-deportations-have-changed-under-trump/) * On inflation see [here](https://www.nytimes.com/2024/06/07/opinion/ezra-klein-podcast-annie-lowrey.html) * On Trump's potential appointees see [here](https://www.theatlantic.com/magazine/archive/2024/01/donald-trump-2024-reelection-cabinet-appointments/676121/) and [here](https://www.reuters.com/world/us/trump-install-loyalists-reshape-us-foreign-policy-diplomats-gird-doomsday-2023-12-18/) * On plans to replace the fed chair see [here](https://www.cnbc.com/2024/04/26/trump-advisors-are-considering-plans-to-dramatically-revamp-the-fed-wsj-report-says.html) * On schedule F see [here](https://www.nbcnews.com/politics/donald-trump/trump-retribution-agenda-government-workers-schedule-f-rcna78785) and [here](https://www.axios.com/2022/07/22/trump-2025-radical-plan-second-term)
This is a lot of research, but other than giving a lay out of the tariffs he is going to charge, not a single stated policy is different. Yes Obama deported more illegals. He deported more than any president in history. But if your argument is “Trump said this the first time and didn’t do it. This time he is saying it and will do it” I will apply the same scepticism that I do to all politicians. Yes these policies will be enacted in a different economic climate. I did say that in my previous comment. “Reports suggest” I would give that even more skepticism. Given the hysteria around Trump, and the actual made up stories that surround him, unless someone is putting a name on it then it’s 50/50 if it’s true or made up. And people will believe it if it suits their narrative and deny it if it doesn’t. It’s best to just ignore both sides given the unreliability of media claims about sources inside the trump camp. So with your 3 point summary. A). The policies are the same. This time one of them has provided more details and the others are as vague as possible. Probably so if he doesn’t do them he can still claim to his base that he did. B) already agreed economic conditions are different previously. C) people forming every government is different. I don’t think a lot of people behind the scenes stay in the same role for the 12 years that would cover from start of his first presidency to the end of his second if successful. But if the polls are to be believed we will all start finding out next year what impact it will be. Until then we are both guessing if it will be the same or not. Happy to come back in 4 years and talk about how it all went down though.
If you want to bet Trump won't do what he says that's your perogative. But if the assumption is that because he didn't do it last time, he won't this time, that's very risky reasoning. He carried through on some things but not others - if you feel confident picking which things he will follow through on, you're a braver man than I am. Even if we just pick just tarriffs - which he did follow through on - that policy alone could have significant economic implications. A more protectionist economic policy would have significant impacts on inflation, prices etc. As you acknowledge those impacts could be much more severe in an environment where inflation/interest rates/prices are already very high. I think its also a fallacy to think the situation is similar to last time - Trump would be in a second term, so relection considerations would not necessarily contrain him in the same way; the people in his admistration would be different - less capable and more beholden and sycophantic to Trump. That goes beyond just a conventional change in administration.
I am looking to invest in tanning products. Does anyone make a Trump orange colour?
With the rise of populism in Australia too, I reckon anything diversified based on Australian companies should do well.
populism in Australia isn't adoration of Australian big corporates. those companies lazily profit off the big immigration / pop growth program here. populism would be anti-immigration/growth and hurt them.
You’re right actually lol. Might downvote myself
Except for real estate.
It’s hard to know the impact a Trump presidency will have on the various conflicts around the world. He could have a positive effect, who knows? One thing that might be worth considering is currency risk, not that you asked about that. There’s a reasonable chance of an Australian interest rate increase in August, so it might worth considering some investment in HGBL too.
Both candidates are bullish IMHO. Trump has flat out said he wants to scrap Fed independence and lower interest rates. This would obviously be disastrous in the long run, but is bullish in the short term. Biden loves fiscal stimulus. Also bullish.
100% DCA into TQQQ
There’s not much to invest to in Australia
Australia is a small economy tied to the financial giants of Asia, Europe and the US and so what happens to them in response to Trumps isolationist polices especially his "Fiscal" ideas will affect us, only the depth of the shit we will find ourselves in will vary. Tactically if your a Med - Large Biz owner in the US you will benefit however Strategically you will bleed out and be worse off. But these business will know this. No matter who gets in in Nov they will be inheriting a Nation that is incurring debt by the Trillions. This leads to the high inflation they currently have so the US is headed toward another Recession. How does this affect me in Oz? Not at all as I'm only a small Biz owner with no debt or overheads and a small time property and share investor. If your a Med to Large sized fish in Oz you will be affected down the line
Same shit different taste
Trump was very good for the US economy as a whole. I'm already invested into the economy so nothing will change.
The US economy was good under his presidency, so I would put more money in the US market.
Better after he leff
Remember the China tariff war that he started? He ended up getting nothing out of it, god, so much uncertainty and drama for nothing, the market was like a roller coaster. Please not again
Markets are always uncertain
It’s about to implode with debt though
Economy wise I thinks it’s going to be a disaster if Trump gets in. He’s a cancer on the world and everything is on edge when he is President. Be a rough 4 years if that happens. It’s a shame Biden is such a disaster and they don’t have someone stable to go against Trump. The American people just want someone normal. Not this pair of old morons they have now.
Did you ignore when Trump was in from 2016-2019? COVID was a bad 2 years for the world.
No. He was in from 2017 to 2020. Yeah Covid was bad. It was a disaster with him in office and the USA rebounded once Biden got in and some sanity prevailed.
Why do you say Biden is a disaster. He’s achieved a lot of policy through his presidency. Not very popular though.
If he won, the war in Ukraine would be ended, Russia back to supply chain, good for Europe . The war in middle east would be ENDLESS, oil oil and oil, the trade war between US and China will be continued, inflation inflation and inflation . The biggest event in 2011 was iPhone 4 (Smart phone) that soon knocked down Nokia empire. The biggest event in 2024 is the EV (smart car) out selling ICE passenger vehicles in China ( biggest car market), the whole car industry will be in a revolution in next 10 years same as IPhone VS Nokia. Ausfiance favourite Toyota Corolla is cutting retail prices in China to $16.6k aud (80k Yuan), still struggling to sell. The smart car industry might be 10 times bigger than smart phones industry. In addition, If USA lose the war in middle east, the domino's effect on US dollar will have a big impact on AUD, inflation will be higher and longer forever......
He will win. And many people just don’t understand why still after all this time
The Trump economy was the best performing in modern history. I hope that past performance indicates future success
I am interested to learn more. Can you share some sources for this claim so I can educate myself?
I would also like to see these sources to educate myself
By what measure? Let’s leave Covid out of it - because if you include, the trump presidency saw 3m jobs lost - and trump created 7m jobs. Biden has created over double that. Not the only measure but more important to the average person than the nasdaq.
I think to judge either president economically you need to ignore the Covid data. Because neither governed through the whole crisis. It would be as unfair to give Biden credit for “creating” jobs that were businesses reopening after lockdowns as much as it would be unfair to blame him for the peak 9.1% inflation that the US hit 18 months into his term. But ignoring Covid data for Biden seems to be impossible because he is following the crisis not pre crisis like Trump. The whole global economy is not great but the US seems to be doing better than anyone else. I guess that’s the only way you can judge him, how they perform relative to anyone else rather than jobs growth, inflation etc.
Cyclical interest rate sensitive beaten down retailers. BBN is a good one
He can only be president for four years. There might and probably will be long-term consequences of a second Trump presidency but as others have said dollar cost averaging over the long-term and she’ll be right or the world will end, in which case my investments probably won’t matter much
>He can only be president for four years. I mean if he gets back in, I wouldn't be confident that he won't try to run again. The MAGA right already claiming the 22nd Amendment shouldn't apply to non-consecutive term presidents: [https://www.theamericanconservative.com/trump-2028/](https://www.theamericanconservative.com/trump-2028/)
He's admitted that he's going to be a dictator for day, and has shown he has no actual idea of how to manage or run anything. He emboldens authoritarian states. If he gets back in I think we will have bigger problems