Bad Fiscal Policy: All Roads Lead to a Nightmarish Economic Scenario For Joe Biden and The Democrat Party: Trump orders aides to halt talks on COVID-19 relief – October 6, 2020,
Lying about to America about what’s happening politically is one thing, but lying to America about the markets is something else. Apparently, Trump sees what many of us trading in the markets see and it’s that Joe Biden as president spells doom for the U.S economy.
Every single time the fears about Joe Biden winning the 2020 election, the U.S dollar does what Donald Trump wish it would do which is it declines, now, what this clearly signals is that markets will sell off the dollar if Joe Biden becomes president and this spells all sorts of doom and gloom for the U.S economy.
In this current debt-fueled U.S market, the bankrupt U.S States consuming most of the stimulus spending will equate to a debased U.S dollar, what the Democrats have been caught doing by the Trump administration is doing the exact same thing Obama did which caused the economic recovery to take so long.
The Obama administration if people remember bailed out Wall Street, bailed out non-cash producing industries and over-regulated productive industries. Joe Biden still brags about bailing out the auto sector to this day, well that wasn’t the only thing the Obama administration bailed out, they also bailed out badly run U.S States.
Trump orders aides to halt talks on COVID-19 relief | TheHill
It’s a fiscal mismanagement issue and what the Democrats are trying to do is force Trump into signing onto Democrat-led fiscal mismanagement, which as a real estate developer Trump has made the financial decision not to do! Sometimes you have to walk away from a deal, and what I expect is possibly an executive order, or maybe Trump does nothing at this point it really doesn’t matter because if the Democrats win, it’s clear as day that America will suffer.
It’s not like America isn’t in debt, America is in trillions of dollars of debt and clearly, it appears that if there is 4 years of Biden the markets are ready to dump a lot of their U.S treasuries. When the forex markets respond the way they do towards Joe Biden, there really is no getting around it, Joe Biden even if you want to argue he’s good for ‘social justice’ he’s terrible for the economy.
The markets know it and it appears Trump is willing to bet the white house that America sees the obvious. Now, with that said, it doesn’t mean that Biden can’t win the 2020 election, this forex data means is that the negative effects of a Biden administration will be felt IMMEDIATELY! People can’t forget that soon after Obama won the election the markets refused to budge, it wasn’t until the then Republican-led house started to put restraints on spending that Obama’s economy began to rise.
Expect something similar under Biden, only worse, because if the U.S dollar is debased this time around interest rates are already at 0%, and going negative doesn’t mean that U.S financial institutions with more liquidity will feel like lending money, bad policies are bad policies with all the social justice regulations Biden has promised to burden on the Private Sector, the outlook for America looks dire if he wins the 2020 election.
“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump tweeted.
Dow swings 600 points after Trump rejects stimulus plan | cnn.com
Interesting times ahead!