Trump will bring about a new era of prosperity

HAMISH_MCTAVISH

CLAPTON wrote: »

so in summary
the rich will be better off
the blue collar workers will be better off
tax payers will be better off

Temporarily... Maybe.

But at the cost of an estimated $16 TRILLION increase in the national debt to pay for those bungs to business and god only knows how much environmental damage and human suffering from the cuts to medical and social security coverage.

CLAPTON

HAMISH_MCTAVISH wrote: »

Temporarily... Maybe.

But at the cost of an estimated $16 TRILLION increase in the national debt to pay for those bungs to business and god only knows how much environmental damage and human suffering from the cuts to medical and social security coverage.

wel, I guess the good side is that the USA will collapse into a polluted hell hole while Great Britain will regain its rightfull place as the number one country as a rich, tolerant, well housed, well educated, environmentally friendly and with rising Aderdeen house prices.

Herzlos

CLAPTON wrote: »

so in summary
the rich will be better off
the blue collar workers will be better off
tax payers will be better off

The rich will be better off in the long term
The blue collar workers will feel better off temporarily, but will actually be worse off
Tax payers will feel better off temporarily, before becoming worse off
Everyone except the super-wealthy will be worse off.

kabayiri

Herzlos wrote: »

The rich will be better off in the long term
The blue collar workers will feel better off temporarily, but will actually be worse off
Tax payers will feel better off temporarily, before becoming worse off
Everyone except the super-wealthy will be worse off.

How else will blue collar workers be better off long term?

This is an important question. These people do not believe they have been offered any viable alternative.

Is it better long term to be replaced by a robot in your town doing your job, or a robot in China doing your job?

You have to believe that the paymasters in your country have a concern on your welfare, but the paymasters in another country have no such concern.

steampowered

The reason why things get produced in China is because it is cheaper to make them there. That is the whole point of free trade.

If goods are produced in the US rather than China, they will be more expensive because the US cost base is higher. That will mean higher prices for American consumers.

Keep_pedalling

Anyone who thinks any president can have such a big impact in today's global economy is deluded. Even though Trump has Republican controlled houses behind him, virtually all those senators and representatives owe their loyalty not to the people who voted them in, but to the corporations who bought them with campaign money.

Nothing will change, the super rich will still get the tax brakes they crave, and the useful idiots will still lap up the stuff fed to them by Fox and the like,


Trump was lying big time when he promised to bring back those old industry jobs, they are gone forever and he knows it.

steampowered

Conrad wrote: »

I'm diversfying our ISA portfolio into US equities and real estate.

I am curious as to why you want to do this given your position on Brexit.

Since the vote on 23 June, the value of the pound has sunk to record lows. The pound is worth about 15% less than it was before 23 June.

This means that each £1 you invest buys about about 15% less in a US company than it did before 23 June.

If you genuinely believe that Brexit will be a success, I'd imagine you expect the value of the pound to increase? If the value of the pound increases against the dollar, the pound value of your US investments will drop.

For example, if you invest £100 in a US company now, and the pound goes back to where it was before 23 June, your investment would only be worth £85 (obviously ignoring any change in the stock price of the US company).

Herzlos

kabayiri wrote: »

How else will blue collar workers be better off long term?

By voting in a government that will actually help them. Trump is definitely not that man. Unfortunately, for a lot of people the situation was dire enough that they went for the party offering change, not realising that the change being offered is only going to be for the worse.

economic

steampowered wrote: »

I am curious as to why you want to do this given your position on Brexit.

Since the vote on 23 June, the value of the pound has sunk to record lows. The pound is worth about 15% less than it was before 23 June.

This means that each £1 you invest buys about about 15% less in a US company than it did before 23 June.

If you genuinely believe that Brexit will be a success, I'd imagine you expect the value of the pound to increase? If the value of the pound increases against the dollar, the pound value of your US investments will drop.

For example, if you invest £100 in a US company now, and the pound goes back to where it was before 23 June, your investment would only be worth £85 (obviously ignoring any change in the stock price of the US company).

It's not so simple. Pound was always overvalued and due a correction Brexit or not. An economy can boom whilst the currency falls. Plus you may see US stocks outperform even with pound rising. I think even now it makes sense to be long US stocks and real estate.

Conrad

MobileSaver wrote: »

Do you seriously think a nuclear arms race is "for the better" of the world?

Did you seriously think constantly provoking Putin was a good idea? How did that go?


Reagan and Thatcher both upset the chatterati when they declared they could do business with Russia. Shortly after the Berlin wall came down.


Don't be so ready to suck down standard consensus narratives, think beyond them