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More investment talk as the thread dies: I posted earlier about some short term funny money gambling I did on the US administration stepping on their own balls before falling into a ditch re. the Middle east because every Republican gets at least 1, I present to you another such case:
I keep a fairly large amount of money in foreign currency not as an investment but just to have available to use out country should I need it. My euros (tourist fun bucks) have been doing well as Trump weakens the US economy in relation to the world but not that well, more of a medium well. My other currency I keep a decent chunk of from the old country has been blowing the fuck up. I have made almost 100% gains on this bitch just for having it, I am up more than $70000 just on the currency, I don't even know how much the property has gone up.
Nowm the culture war angle, which I didn't understand when I was a brokie (Read: had a job the contributed to society positively in any way): I can see why people with huge amounts of liquid capital would want someone like trump, even if he was obviously going to shit up the economy he is in charge of.
If you are wrong and he doesn't shit it up, geat! You make money normal style! If he shits it up just a little, great! The proles get hungry and lose their bargaining power! If he fucks it up a TON, great! You can take advantage of the motion to get opportunities you would never receive in a well functioning system!
And on top of all that, he promises you spoils; you can just ignore anti trust if you bow a scrape, you can count on a reduced tax burden and a less well off population that is easier to exploit, you can count on him not actually fucking with the immigration that you REALLY need to keep the wheels turning.
All this is predicated on the Democrats being Republican lite Regans with little rainbow flag tie pins; that they aren't going to storm back into office like TR and bust the shit out of you, but that seems like a safe bet. The party machine is so outrageously cucked they can't even be properly anti-war or anti-elite, even though both those positions are wildly popular in both bases.
Most wealthy GOP donors didn’t want Trump. I think it had something to do with vulgarity but more to do with the fact that Trump was in an important business for a long time in a major market (commercial and to some extent residential real estate, casinos, hotels, TV, in and around NYC for 50+ years) and so encountered many rich people in many walks of life before becoming president. Many very rich people I know in NYC, which has by far the largest number of them in the country, had either met him or knew someone who had or had heard some kind of first/secondhand stories of him, and nobody liked doing business with him and he screwed over a lot of people.
Do markets love Trump? Traders love Trump because of volatility. Volatility is good for business because uncertainty widens spreads in every asset class. That is why trading floors on the sell side especially shrank so much after 2009 and have done so well since Covid, and especially over the last year and a half. As for other participants I don’t think Trump is responsible for the asset price boom of the last few years concentrated around tech and AI, which has been driven by a combination of earnings and hype but which also follows the general post-COVID boom that largely happened under Biden.
My guess is that if you look at actual Trump voting among rich people (in finance or generally), the demographics largely follow the overall pro-Trump vote in all classes.
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