Chris, do you think the Fed will let the market crash with Biden as president? Most Democrats I know believe that Democrats are better for the stock market, which is true historically (we know that the Fed, not politicians, largely controls the market, but the public doesn’t).
I don’t think the Fed would have ever let the market crash while Obama was president — he was scripted as the “non-white savior.” I get the impression that Biden is being scripted by the SoS as “incompetent.” But I also know that a lot of Democrats actually like Biden and associate him with Obama.
According to the script, Trump “interfered” with the Fed in 2018 and then experienced a vicious bear market a few years later. Biden, on the other hand, is praising the Fed’s independence and trusting them to do the right thing. I could see Biden being rewarded for trusting and promoting the SoS.
Here is my response:
I doubt it. Much of what Powell says is designed to allow the markets to take care of the problems themselves and the premise of the article you forward is there for public consumption. While the Fed and the PTB did crash the markets during the latter end of Trump’s presidency, which allowed Biden to be “elected,” I doubt we’ll see the same as long as Biden/Harris is President.
I do observe how this inflation problem has appeared during the earliest parts of Biden’s first term and not on the latter end. I estimate that much of the inflationary issues will iron themselves out before Biden runs for reelection. He can claim victory.
The managers at the Fed need to keep the government in business; that’s its most important objective. All the other ostensible objectives are for public consumption. Thus, interest rates, at least real ones, need to stay low. The FED is concerned about inflation to the extent that it allows the Fed to continue to fund government operations. The FED is trying to guide the markets accordingly and to perhaps assuage inflationary concerns to the extent that people regain confidence in its monetary policies.
I think Biden is doing a terrific job for his handlers and so much of the Great Reset objectives are on track to being achieved under his guidance, or lack of, and have to believe that they hope he gets in for another four years. Imagine if Biden dies and Harris becomes president. She’s the least talented hack that I could possibly imagine, but with her black skin, so much can be achieved through shaming of the white folk.
And I agree with you on your assessment regarding the performance of the stock market; it performs better under Democratic presidencies. Whether or not this is intentionally engineered, is up for debate. But one thing to me is clear and this is counterintuitive; the average citizen who was either born or already living here previously are more adversely impacted by Democratic policies than those of Republican-controlled regimes.
As for me, I prefer Democratic presidencies as I own income-generating assets. Income-generating assets always perform well under Democrat socialist largesse, which is why the stocks markets tend to outperform under Democratic-controlled regimes.
As a conservative citizen, I eschew the Democratic party (not a fan of the Republicans either), but as a landlord and investor, I prefer Democratic presidencies. The top 10% make more money and can more quickly consolidate their wealth.
I marvel at how the blue-states voters and minorities refuse to see this. Nonetheless, the more the media portray Republicans as neo-Nazis, the wealthier the top 10% become at the expense of the bottom 90%.