Embittered election postmortem (please let's just have this one thread to vent) (user search)
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  Embittered election postmortem (please let's just have this one thread to vent) (search mode)
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Author Topic: Embittered election postmortem (please let's just have this one thread to vent)  (Read 6486 times)
SPC
Chuck Hagel 08
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Posts: 10,003
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« on: November 05, 2014, 10:43:30 AM »

One good thing about this election that benefits all Americans is that conservative rich people, especially bankers, who were holding onto their money out of fear of the Democrats will likely be empowered to spend and invest even if nothing concrete as changed to the law. Republican wins like this DO historically inspire investor confidence and that will lead to a slow but eventual clearing of all the stimulus money banks have been hoarding.

Then all of the doomsayers about hyperinflation start to look slightly less crazy...
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SPC
Chuck Hagel 08
Atlas Icon
*****
Posts: 10,003
Latvia


« Reply #1 on: November 05, 2014, 10:54:08 AM »

One good thing about this election that benefits all Americans is that conservative rich people, especially bankers, who were holding onto their money out of fear of the Democrats will likely be empowered to spend and invest even if nothing concrete as changed to the law. Republican wins like this DO historically inspire investor confidence and that will lead to a slow but eventual clearing of all the stimulus money banks have been hoarding.

Then all of the doomsayers about hyperinflation start to look slightly less crazy...

No. The overabundance of domestic oil and gas will deflate the cost of production across markets to counteract any inflationary investing.

So Obama is going to reverse course and approve Keystone XL and expand offshore drilling?
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