So Far The Markets Really Hate Joe Biden’s America Dow drops more than 600 points for its worst day since October, S&P 500 in negative territory – January 28, 2021,
If Joe Biden wants to heal America, he, his administration, and his fellow Democrats would be wise to stop killing jobs and wasting time attempting to impeach Donald Trump again and focus on reviving the U.S economy. The U.S President who apparently got the most votes in U.S history has made it a mission to build back better, well he’d be wise to properly articulate what that really means because so far all we’ve seen is a historic amount of executive orders reversing almost everything the Trump administration did.
Now, during the 4 years of Donald Trump as far as the economy goes, the economy although not perfect did pretty well. Because of the failed impeachment attempts of the Democrat establishment, as well as several attempts by the Democrats to thwart Trump’s ambitions to reshape the American economy, we still don’t know how much longer the economic boom under Donald Trump could have lasted.
What we do know is Joe Biden is the President now, and oil prices are starting to rise, the cost of living is going up and countries all over the world are openly debasing their currencies next to the U.S dollar, which means if the cost of living in America begins to rise while the U.S dollar strengthens, the blame will be pointed squarely on Joe Biden.
The problem America has with being the world’s reserve currency, is that America’s poor will suffer the most from Government malinvestment. A lot of the people and entities who supported Joe Biden’s campaign are owed favors by the Biden administration and these political favors will come at the expense of American taxpayers.
The historic and record-breaking executive orders being signed by Joe Biden as we’re seeing are chock-full of Federal regulations that benefit particular entities financially. The problem with what appears to be Joe Bidens’ future economy is that the markets are going to have digest what all of his newly created regulations mean from a financial standpoint.
Regulations in a market economy can be worse than authoritarian dictates in a communist country, the reason the Chinese Communist Party is outperforming many western nations economically revolves around government regulations, that not even the communist government of China is dumb enough to impose on its citizens. An unproductive society is usually a society on the decline and too many regulations often lead to a lack of productivity and a lack of productivity often leads to stock market crashes. But who knows I’m optimistic, maybe Biden has some tricks up his sleeve.
Interesting times ahead