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Last few hours of freedom?


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That is right. With Biden possibly winning the White House accompanied by Brutus who is working with the White Shirts, America could be seeing its last moment of freedom before a socialist coup.

 

You think I am nuts? Well, history tends to repeat itself and considering Joe's age along with who he has chosen for running mate, who has a demonstrated history of doing whatever it takes to ascend to power, being most Liberal Senator and obviously in agreement with the White Shirts and their key leaders being the Squad, anything is possible.

 

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IDK, I think you're assigning a non zero probability to the event and definitely never heard of Putin.

 

Personally I have the probability at .00783 with a margin of error or .063% and have decided to curb any investing activity until such tail risks disappear. Long cash.

 

Seriously, I think Joe! will be ok provided he doesnt lockdown the country although I also think if he does lockdown the country there will be the mother of all stimulus packages drawn up well in advance. I'm not enthusiastic about a market with high valuations, deteriorating fundamentals, and incredible hostile and downright stupid political angles coming into focus, but I still think theres enough really nice, quality assets out there at reasonable valuations that I'm fine still playing ball. Like with a lot of things, any oversteps by team socialist can be rectified in 2 years. So I think they tread carefully. I also think they'll be quite positive for RE stocks which I currently am very overweight. Dont know if I'd be holding banks, and energy will definitely be tricky.

 

EDIT: I'd add, short term, the risk is the lame duck session combined with rising covid cases, lack of earnings data from December until late January and company blackouts that span their largest annual period going into year end, coupled with year end selling. But thats all short term shit.

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Biden is so terrible that Buffett won't even vouch for him. And...Buffett actively campaigned against Trump 4 years ago!

 

Or maybe it’s just that Buffett is 90 and we have this thing going around. Maybe you’ve heard of it. It called COVID-19.

 

Sure, you can believe that if you want.

 

I mean, I'm pretty sure you can't catch covid from the phone?

 

https://www.cnbc.com/2020/10/14/joe-biden-tells-donors-he-just-spoke-with-warren-buffett.html

 

Don't you think that if Buffett gave his blessing, Biden would be running with that?

 

Do you think it's more likely that Buffett is afraid to catch covid via a phone call or do you think that Buffett thinks that Biden is not a good candidate?

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Perhaps a revisiting of the psychology of misjudgment posts is in order.

 

I think another point is Buffett may not want to make political recommendations during the year of a pandemic and where each candidate represents (rightly or not) radically different COVID plans.

 

E.g. what if Buffett backs Trump, then there’s a third wave and millions die?

Or if he backs Biden who shuts down the economy and millions are unemployed?

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“You think I am nuts?“

 

Yes :D

 

Borderline psychotic...no smiley face! 

 

That being said, I think regardless of who wins, there will be protests, violence and the potential for significant damage/casualties by some nut job...probably not related to Cardboard!    :D  Cheers!

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You guys overplay Trump dictatorial potential while you completely ignore how dangerous the Left has become and potential for them to take over.

 

My prediction: there will be next to no rioting. Maybe a few isolated cases but, that is it.

 

I fear much more politicians Leftist extremists who have gotten out of control.

 

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You guys overplay Trump dictatorial potential while you completely ignore how dangerous the Left has become and potential for them to take over.

 

My prediction: there will be next to no rioting. Maybe a few isolated cases but, that is it.

 

I fear much more politicians Leftist extremists who have gotten out of control.

 

Cardboard

 

If the left is so dangerous, and there have been plenty of left administrations in the last 20 years...how is it that the U.S. is still the dominant military, economic power in the world?  How is it that the 4 largest and most powerful tech companies in the world are all U.S. companies?  How is it that the U.S. universities/colleges are still the best in the world and have the largest endowments?  How is it that U.S. total wealth continues to rise relative to foreign households?

 

The U.S. democratic capitalist system was created so that governing administrations would have a difficult time screwing it up.  Quality of life continues to rise in the U.S. and it will continue to do so, regardless of pessimists and party extremists.  Cheers!

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I don't think the liberals here quite understand how far left Biden has become.

 

Personally, I voted for Obama in 2008. I didn't vote in 2012 or 2016. If I would have voted in 2016, I would have voted for Clinton. So, I have some left leaning tendencies (fighting wealthy inequality and environmental protection) but the Democrats are no longer that party.

 

From the earlier article:

 

"Buffett hasn’t contributed to Biden’s campaign for president this cycle, according to the nonpartisan Center for Responsive Politics. He has, however, given to the Democratic Congressional Campaign Committee and Democratic Arizona Senate candidate Mark Kelly’s campaign."

 

So, Buffett is neither campaign for, nor endorsing, nor contributing to Biden's campaign.

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If you believe at all in what you have written, then why did you keep complaining for 4 years while it didn't matter?

 

Cardboard

 

While Trump isn't going to hurt the U.S. domestically long-term, he is doing damage to global relationships and partnerships.  He is corrupt and should be in prison.  He has been placing his family in positions of power through nepotism.  He's hurting the U.S.' global reputation.  Cheers!

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So, Buffett is neither campaign for, nor endorsing, nor contributing to Biden's campaign.

 

What about Trump?

 

Why would Trump support Biden's campaign?  ;)

 

Because he knows who the better candidate is. ?

 

Biden might very well be the better candidate. But some of his far left policies are insane.

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