Current Affairs General US politics (ie, not POTUS related)

[Noisy noise annoys]

Any trader with crypto interest would know that if Trump were to win then he is expected to remove tax on crypto.

Of course, this would logically mean the value of BTC would increase.

If Kamala wins then most (if not all) crypto participants can expect more of the same short term pull back as a best case scenario.

Due to the rise in BTC (currently $69,600) the logic is that the market is pricing in a Trump win.

For anyone working in this space, its pretty basic stuff unless something drastically changes before election day...

Again, you put finance ahead of anything else. Sad

 

[PSB1]

Can any of our American friends tell me if any progress has been made in the Rust Belt towards regeneration?

The BBC showed a package, in 2020 of interviews with residents and shots of the small towns and it very much reminded me of towns in war torn Poland and Belgium around 1920.

 

[Huyton Layne]

Can any of our American friends tell me if any progress has been made in the Rust Belt towards regeneration?

The BBC showed a package, in 2020 of interviews with residents and shots of the small towns and it very much reminded me of towns in war torn Poland and Belgium around 1920.

I live outside a small city that has lots of manufacturing jobs back in the day. The city itself is a hole, the towns surrounding it can attract modern businesses due to the freeway being close, houses being nicer and land being cheaper and more abundant. Microsoft has built/is building a fairly large campus in the surrounding area but the city struggles and is mostly bars in its downtown area.
I don't know what they can do. They can't really raise taxes and the 4 main artery roads from the freeway are old, so wind and are slow and built up. Not great for any sort of commute.
They get opportunities once in a while but seem to make bad choices. They sold a property overlooking the lake to a developer for condos for cheap when they don't need yet more condos. They're looking at selling an old factory area, that needed clean up, to the waste water treatment plant when there must be better options for a 100 acre lakefront plot.

 

[PSB1]

I live outside a small city that has lots of manufacturing jobs back in the day. The city itself is a hole, the towns surrounding it can attract modern businesses due to the freeway being close, houses being nicer and land being cheaper and more abundant. Microsoft has built/is building a fairly large campus in the surrounding area but the city struggles and is mostly bars in its downtown area.
I don't know what they can do. They can't really raise taxes and the 4 main artery roads from the freeway are old, so wind and are slow and built up. Not great for any sort of commute.
They get opportunities once in a while but seem to make bad choices. They sold a property overlooking the lake to a developer for condos for cheap when they don't need yet more condos. They're looking at selling an old factory area, that needed clean up, to the waste water treatment plant when there must be better options for a 100 acre lakefront plot.

Thanks!

Grim, isn't it?!

It's not a huge leap of the imagination to understand why people have felt the pull of the populist right if swathes of the country feel abandoned.

 

[RAFUH]

 

[RAFUH]

 

[JP5]

Any trader with crypto interest would know that if Trump were to win then he is expected to remove tax on crypto.

Of course, this would logically mean the value of BTC would increase.

If Kamala wins then most (if not all) crypto participants can expect more of the same short term pull back as a best case scenario.

Due to the rise in BTC (currently $69,600) the logic is that the market is pricing in a Trump win.

For anyone working in this space, its pretty basic stuff unless something drastically changes before election day...

Here, Zat.

What’s your view on the fall in crypto the last week. What’s that market telling us about a trump victory?

 

[trueblue84]

View attachment 280500

RFK jr and his brain worm

 

[Zatara]

Here, Zat.

What’s your view on the fall in crypto the last week. What’s that market telling us about a trump victory?

Fall in crypto?

 

[Zatara]

Nice to see the democrats paying $11mil to Beyonce and Springsteen each and a special mention for the millions paid to...

...former stripper and prostitute Cardi B.

Who resembles Kamala reading from a teleprompter which...when it stops...so does her speech.

 

[Zatara]

Here, Zat.

What’s your view on the fall in crypto the last week. What’s that market telling us about a trump victory?

GS:
Trump sweep 25% S&P +3%
Trump divided govt 30% S&P +1.5%

Harris sweep 5% S&P -3%
Harris divided govt 40% S&P -1.5%

BTC (in case you didnt know) with a 5-10% movement over a week isnt such a big deal compared with FX for example.

68035 current btc price which isnt even 5% so...could be a number of retail clients have taken profit. Institutions i think are still long or have hedges and positions in

 

[JP5]

GS:
Trump sweep 25% S&P +3%
Trump divided govt 30% S&P +1.5%

Harris sweep 5% S&P -3%
Harris divided govt 40% S&P -1.5%

BTC (in case you didnt know) with a 5-10% movement over a week isnt such a big deal compared with FX for example.

68035 current btc price which isnt even 5% so...could be a number of retail clients have taken profit. Institutions i think are still long or have hedges and positions in

I didn’t say it was a big move, I said it was a fall. And alts are off much more than 5%. ETH around 8%. The direction travel is opposite to what you would expect of the market was confident of a trump victory, no?

Your figures aren’t correct correct from Goldman’s. This is the latest expectations from them:

 

[Noisy noise annoys]

Nice to see the democrats paying $11mil to Beyonce and Springsteen each and a special mention for the millions paid to...

...former stripper and prostitute Cardi B.

Who resembles Kamala reading from a teleprompter which...when it stops...so does her speech.

People getting paid to work, what ever next?

Young woman had a previous life what ever next?

Desperate rat

 

[Hinchcliffe's Corner]

People getting paid to work, what ever next?

Young woman had a previous life what ever next?

Desperate rat

His head's gone overnight, it's quite the spectacle.

 

[Noisy noise annoys]

His head's gone overnight, it's quite the spectacle.

He’s morphed into something quite disturbing