Blue Wave would provide boost to economy per Goldman Sachs chief economist?

[TxHoops]

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What say you Nash?  Apparently, according to the Fortune article, analysts at other banks are making similar economic predictions.  Seems a bit antithetical to me. 

[TxHoops]

Our resident financial guru Nash currently has limited computer/internet access.  So no one thinks he is ignoring the question, he will give us his thoughts when he is able.  I posted this because I was genuinely interested in his opinion having personally found the article a little surprising.  

[Hagar]

22 hours ago, TxHoops said:

Our resident financial guru Nash currently has limited computer/internet access.  So no one thinks he is ignoring the question, he will give us his thoughts when he is able.  I posted this because I was genuinely interested in his opinion having personally found the article a little surprising.  

I admit I didn’t read the article.   The title of the thread was mind boggling enough.   😳😳😳

[Realville]

On 10/6/2020 at 9:49 PM, TxHoops said:

Our resident financial guru Nash currently has limited computer/internet access.  So no one thinks he is ignoring the question, he will give us his thoughts when he is able.  I posted this because I was genuinely interested in his opinion having personally found the article a little surprising.  

That Blue Wave is Toilet Water! 

[stevenash]

The leadership at Goldman Sachs is notoriously democratic-  I can't imagine a blue wave providing any significant boost to the economy.  The markets prefer gridlock where one party does not control all three branches.  What would concern me more is that Biden gets elected and then his very own party mobilizes the 25th amendment and replaces Biden with  Kamala Harris, whom I believe is ill equipped for the Oval Office and very ill equipped to be making any financial decisions for this country.

[5GallonBucket]

2 hours ago, stevenash said:

The leadership at Goldman Sachs is notoriously democratic-  I can't imagine a blue wave providing any significant boost to the economy.  The markets prefer gridlock where one party does not control all three branches.  What would concern me more is that Biden gets elected and then his very own party mobilizes the 25th amendment and replaces Biden with  Kamala Harris, whom I believe is ill equipped for the Oval Office and very ill equipped to be making any financial decisions for this country.

She s ill equipped to be a “good for America” leader, but a good leader for those that want to fall inline with socialism. 

[UT alum]

14 hours ago, stevenash said:

The leadership at Goldman Sachs is notoriously democratic-  I can't imagine a blue wave providing any significant boost to the economy.  The markets prefer gridlock where one party does not control all three branches.  What would concern me more is that Biden gets elected and then his very own party mobilizes the 25th amendment and replaces Biden with  Kamala Harris, whom I believe is ill equipped for the Oval Office and very ill equipped to be making any financial decisions for this country.

I can. Certainty in the markets for one thing. Biden won’t call off a legislative deal as significant as the stimulus one day only to call for it the next day then double what everyone else was asking the next.   
Encouraging investment in new technology and making investments in infrastructure will do more for the middle class than a paltry tax cut.
I think the markets are ready to see a functional Congress, and it appears one party control is the only way legislation will ever be passed. Conservatives peed away their opportunity by following Orange Man over the cliff.

 

[baddog]

2 hours ago, UT alum said:

I can. Certainty in the markets for one thing. Biden won’t call off a legislative deal as significant as the stimulus one day only to call for it the next day then double what everyone else was asking the next.   
Encouraging investment in new technology and making investments in infrastructure will do more for the middle class than a paltry tax cut.
I think the markets are ready to see a functional Congress, and it appears one party control is the only way legislation will ever be passed. Conservatives peed away their opportunity by following Orange Man over the cliff.

 

Bi-partisan congresses have worked up until your socialist democrats have sat on their hands, balked at anything Trump wanted to do, brought false charges about Russia, attempted a coup-de-gras with their false impeachment charges, and have literally watched as America has been set on fire, looted by criminals, divided by communist/racist blm, and attacked by communist antifa. One party rule.....you are right, and it’s called the communist party. Your last sentence is something a 3rd grader would write.

[stevenash]

4 hours ago, UT alum said:

I can. Certainty in the markets for one thing. Biden won’t call off a legislative deal as significant as the stimulus one day only to call for it the next day then double what everyone else was asking the next.   
Encouraging investment in new technology and making investments in infrastructure will do more for the middle class than a paltry tax cut.
I think the markets are ready to see a functional Congress, and it appears one party control is the only way legislation will ever be passed. Conservatives peed away their opportunity by following Orange Man over the cliff.

 

Thanks but I think I will stick with my 35 years of involvement with these markets.  You speak of new technology- would that be like the wonderful investment made in Solyndra?  The market has stated repeatedly for many many many years that it prefers a divided power structure as opposed to all three sectors under one political party.  Most reason that it prevents either side from going to an extreme.  Example_ the green new deal would be very damaging to our economic system

[Realville]

Unfortunately ever since JP Morgan bailed out the government in 1895 Wall St and Big Business has been calling the shots on who actually runs this country until Trump came along there in lies the problem. The elitist aren’t calling the shots an it is driving them crazy!

[baddog]

5 hours ago, UT alum said:

I can. Certainty in the markets for one thing. Biden won’t call off a legislative deal as significant as the stimulus one day only to call for it the next day then double what everyone else was asking the next.   
Encouraging investment in new technology and making investments in infrastructure will do more for the middle class than a paltry tax cut.
I think the markets are ready to see a functional Congress, and it appears one party control is the only way legislation will ever be passed. Conservatives peed away their opportunity by following Orange Man over the cliff.

 

Are you sure you want socialism? Here is how it works.  
 

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[Reagan]

1 hour ago, baddog said:

Are you sure you want socialism? Here is how it works.  
 

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Again — do not confuse our liberal/socialist friends with the facts!  

[Big girl]

On 10/10/2020 at 3:06 PM, stevenash said:

The leadership at Goldman Sachs is notoriously democratic-  I can't imagine a blue wave providing any significant boost to the economy.  The markets prefer gridlock where one party does not control all three branches.  What would concern me more is that Biden gets elected and then his very own party mobilizes the 25th amendment and replaces Biden with  Kamala Harris, whom I believe is ill equipped for the Oval Office and very ill equipped to be making any financial decisions for this country.

What are your credentials?

[Big girl]

6 hours ago, stevenash said:

Thanks but I think I will stick with my 35 years of involvement with these markets.  You speak of new technology- would that be like the wonderful investment made in Solyndra?  The market has stated repeatedly for many many many years that it prefers a divided power structure as opposed to all three sectors under one political party.  Most reason that it prevents either side from going to an extreme.  Example_ the green new deal would be very damaging to our economic system

That started under Bush

[Realville]

28 minutes ago, Big girl said:

That started under Bush

The DOE loan program that 

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 was actually started by President Bush in 2005. It was intended to provide government support for "innovative technologies." 

But the Bush administration never approved Solyndra's loan, saying the application needed more work.
 

Don’t be telling BIG HALF TRUTHS. Bush started the Department of Energy Loan Program not Solyndra. They never approved the loan because of the same reason it failed. Go sell that nonsense to someone else.

 

[stevenash]

1 hour ago, Big girl said:

What are your credentials?

Thirty five years of OJT

[stevenash]

12 minutes ago, stevenash said:

Thirty five years of OJT

My opinion was solicited rather than offered.

[TxHoops]

19 hours ago, stevenash said:

My opinion was solicited rather than offered.

Indeed it was.  Nash and I disagree as much as we agree, but his opinion on the markets is one I value, and i am not alone.  His career speaks for itself. 

[Hagar]

On 10/11/2020 at 5:51 PM, stevenash said:

My opinion was solicited rather than offered.

Folks that go to College don’t learn everything.  What they learn is how to find out things.   Tx Hoops solicited your opinion on a financial report and you solicit his opinion on basketball.   Is that just about right?   😂

[stevenash]

10 minutes ago, Hagar said:

Folks that go to College don’t learn everything.  What they learn is how to find out things.   Tx Hoops solicited your opinion on a financial report and you solicit his opinion on basketball.   Is that just about right?   😂

Well stated.   I was also going to mention that while Steve Jobs and Bill Gates failed to finish college, the Unabomber and Ted Bundy both had advanced formal educations.

[TxHoops]

6 hours ago, Hagar said:

Folks that go to College don’t learn everything.  What they learn is how to find out things.   Tx Hoops solicited your opinion on a financial report and you solicit his opinion on basketball.   Is that just about right?  😂

Sounds precisely correct!  😁

[AggiesAreWe]

Just like I would never question tvc or TxHoops about the law, I would never question stevenash about the financial world. I know what all three of these guys do for a living.

Now about basketball, they all come to me.

[stevenash]

👍

[SmashMouth]

9 hours ago, AggiesAreWe said:

Just like I would never question tvc or TxHoops about the law, I would never question stevenash about the financial world. I know what all three of these guys do for a living.

“The important thing is not to stop questioning. Curiosity has its own reason for existing.”

Albert Einstein

[TxHoops]

1 hour ago, SmashMouth said:

“The important thing is not to stop questioning. Curiosity has its own reason for existing.”

Albert Einstein

Love this.