Originally published at: https://boingboing.net/2020/10/13/goldman-sachs-says-a-blue-wave-is-the-only-way-to-save-the-economy.html
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The System is rejecting the Trump virus right now. I’m not saying The System is great and pure, just that it is not behind Trump at this point, and is clearly signaling this. He’s done for IMHO.
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The problem of thinking of the economy in terms of a single indicator. A blue wave + COVID vaccine ≠ a great economy. It remains to be seen whether a Biden/Democrat win will result in a recovery of jobs, narrowing of the wealth gap and stabilizing trade relations.
Goldman-Sachs is just letting wealthy people know how to make money off the current crisis. If a Trump win was likely they’d be telling be telling them to buy USD.
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I thought the economy was doing great. /s
Seriously though, the rich are getting richer.
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I didn’t read this as “the system” endorsing Biden over Trump. It is just the system looking at the probabilities and seeing what the best way to make money is.
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I don’t know I see those as two separate things.
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Just once I’d like to see an administration, any administration, not hire Goldman-Sachs.
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“Over 200 die in orphanage fire; stock market rises on news.”
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Anyone else excited to see Andrew Yang in a financial role in the Biden Administration?
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But they know it won’t last. This Trump bubble will pop horribly at some point. Leaving Trump in office is like putting the goose that lays the golden egg through a meat grinder and celebrating every gold flake you dig out.
Honestly this reads to me more as a quid-pro-quo between Big Blue and Wall street. We’ll help you win in exchange for blocking any leftward movement (economically). Let the mutual back-scratching begin.
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Am I reading this correctly? The statement seems to claim that the “best” financial outcome requires more people to die from the virus. Along with, of course, allowing Trumpkins to continue his campaign to dismantle the country… That part’s given. Why wouldn’t it be “better” for them to have Trump and no delay in a vaccine? How does the Wall Street Casino benefit from a vaccine delay?
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Goldman-Sachs: Strategists led by Zach Pandl said in a note the two key drivers for the currencies are now the Democrats taking control of both Congress and the Senate in a Biden win on November 3 and progress on a vaccine.
Uh… House and the Senate.
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Maxim 29:
The enemy of my enemy is my enemy’s enemy.
No more, no less.
-Schlock Mercenary
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The system is amoral (many would argue immoral) but it does favor stability.
Trump is many things to many people but “stable” isn’t one of them.
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“we see relatively low odds of the most dollar-positive outcome-a win by Mr. Trump combined with a meaningful vaccine delay,” Goldman said."
hey… if you read the article… it seems to say the opposite of the headline.
I mean, I hate Trump as much as any rational person… but the fake headlines do no one any favors long term.
You’re not understanding what they’re saying, I don’t think. When they say “dollar-positive” they don’t mean “positive” as a good thing, they mean the dollar gaining value relative to other currencies. This is seen as a bad thing by companies that make products here and export them, because it makes it more expensive to buy American products in those weaker currencies. GS is saying what the headline said. Note that they also talk about a significant vaccine delay supporting this outcome.
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Thanks for explaining that a bit further… however it still feels like “Only way to save the economy” is a bit of a hyperbolic stretch.
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No more billionaires in politics, kthnx.
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On bb?! Noooooooo… 
However, if you understand a firm like GS, and how to read between the lines, you understand that this is a signal that one of the more powerful entities on the planet is simply not behind the guy. That does actually mean something significant, whether that’s representative of “a good thing” or not…
Andrew Yang a billionaire? Yeah that’s off by at least three orders of magnitude…
Yes!
