Liberal Power Grab -- What did it cost us?

[island911]

I saw it at the time, now with stories like this;
Stocks Jump on Falling Oil, Bush Agenda

. . .I'm wondering just how much our media-generated instability cost us.

This is no small matter. CNN, CBS ... all the players spewing and manufacturing hate and doubt. . . what was the cost?

I can't help but to think the cost would have been much less if say Lieberman had been the DNC pick. . . .rather than the seasoned Blame America first Kerry.

thoughts?

[widebody911]

The real question is what the NeoCon Fascist power grab has cost us, and how much will the total be before they're defeated.

[ubiquity0]

Pesky elections! The stock market would be more stable without them.

[island911]

Originally posted by ubiquity0
Pesky elections! The stock market would be more stable without them.

I get your point, but see that this one was particulary nasty. . . and during war-time.

[cowtown]

Originally posted by widebody911
NeoCon Fascist power grab

I'm not following, Thom. Did they grab the power illegaly, and how are they fascist? Even Nancy Pelosi is saying the Dems simply "lost everything there was to lose."

[ubiquity0]

Maybe Edwards could make a living by suing Rather & other talking heads for causing poor stock market performance?

[techweenie]

Originally posted by island911
I saw it at the time, now with stories like this;
Stocks Jump on Falling Oil, Bush Agenda

. . .I'm wondering just how much our media-generated instability cost us.

This is no small matter. CNN, CBS ... all the players spewing and manufacturing hate and doubt. . . what was the cost?

I can't help but to think the cost would have been much less if say Lieberman had been the DNC pick. . . .rather than the seasoned Blame America first Kerry.

thoughts?

I thought you were through spewing nonsense for a while. Guess I was wrong.

Did you miss the story last week 'oil industry analyst predicts Kerry election will bring down oil price?' Well, you probably did miss it because it would never appear in the right-wing media, just like the little story on the ammo dump looting.

If all you ever hear is right-wing spin, you'll always ask vapid questions like this one.

[joeclarke]

Originally posted by island911
I saw it at the time, now with stories like this;
Stocks Jump on Falling Oil, Bush Agenda

. . .I'm wondering just how much our media-generated instability cost us.

This is no small matter. CNN, CBS ... all the players spewing and manufacturing hate and doubt. . . what was the cost?

I can't help but to think the cost would have been much less if say Lieberman had been the DNC pick. . . .rather than the seasoned Blame America first Kerry.

thoughts?

Look beyond your borders - you wear blinders like most yankees. It's not how we spin our internal equity markets that matters in the long haul. We have to compete in an open and hotly competitive world market my friend...

The US buck went into an absolute tailspin against most competitive international currencies on the announcement of the continued rapage of the US economy by George. 160 basis point gain in one day has gotta be a record for the Canadian dollar vs. American.

What do you suppose that tells you about investor confidence in the US economy Sherlock? When was the last time you saw financial markets punish the dollar on the heels of a republican electoral win?

The terrorists keep chuckling while the US bankrupts itself...

[widebody911]

Originally posted by cowtown
I'm not following, Thom. Did they grab the power illegaly, and how are they fascist? Even Nancy Pelosi is saying the Dems simply "lost everything there was to lose."

If Kerry running for prez was a 'liberal power grab' then GWB winning, and the various other Republican wins, by this definition, have to be NeoCon Fascist power grabs. Tit for Tat.

[island911]

tech, I'm not talking about "who won". As you say, 'oil industry analyst predicts Kerry election will bring down oil price".. .I wouldn't doubt it.

What I'm addressing is the uncertainty of our actions in the MEast, as couched by the Bush-Bashing media.

Joe-Certainly there is a price for our actions in the MEast .. .just as there would be a price for inaction there. My question, now rhetorical, is just what did all this recent selling-out of America cost us? The push for Kerry Presidency wasn't for some grand-plan. It was a tear-down campaign. Clear and simple.

[hardflex]

Island, for a libertarian, you sure are comfortable with government dictating what can be broadcast.

[island911]

WTF did I suggest government should be (is) dictating what can be broadcast?

We are all in this together. Pointing out the Ra^ther Biased media has ZERO to do with government controls.

[jyl]

Island, I don't agree with your diagnosis of the market action.

Here's my take. I'm not the Oracle of the stock market (no-one is), but I do have to watch it pretty closely.

The stock market fears uncertainty, and a hotly fought election campaign that could have ended up in court creates uncertainty. The market was likely to move up post-election regardless of who won as long as the decision was quick and clean (i.e. removed uncertainty). That is my personal opinion, and the tactical pieces I read from the Street were also citing a contested outcome as the primary risk. So the current post-election bounce isn't a surprise.

The market probably did bounce more because it was a Bush victory, because the policies of a Republican administration are seen as more friendly to rising corporate profits.

You can see this in some sectors perceived as politically sensitive. For example:
- Defense contractors had a nice bounce on 11/3 (GD, LMT, BA, CAI, etc). The reasons are pretty obvious - the Bush Administration has been a great time to be a defense contractor.
- Pharmaceuticals also had a nice bounce on 11/3 (PFE, JNJ, etc). Investors perceive the Bush Administration as less likely to pressure drugmakers to lower prices or to permit importation of drugs from other countries.
- Indian outsourcers had a really nice bounce on 11/3 (CTSH, INFY, WIT, etc). Investors feared a Kerry Administration would try to restrict the outsourcing of jobs to India; they aren't worried about the Bush Administration doing so.
- Oil companies (majors and oilfield services) had a nice bounce on 11/3 and have countinued to move higher. Again, the reason is pretty obvious - a Bush Administration is perceived as friendly to the oil industry, who have enjoyed record profits in recent years.

I don't think investors (professional ones, anyway) are particularly influenced by the extremes of the media, on either the right or left side. They're not getting their news principally from Dan Rather or from Fox News, but instead from CNBC, Bloomberg, WSJ, Reuters, AP, and so on. On economic events (jobs, GDP, etc), they're getting their news direct from the data release, not filtered through a newscaster. And they tend to sift through the news pretty carefully and skeptically.

[fintstone]

Originally posted by joeclarke
...
The US buck went into an absolute tailspin against most competitive international currencies on the announcement of the continued rapage of the US economy by George. 160 basis point gain in one day has gotta be a record for the Canadian dollar vs. American.
...

Why would we ever care about the value of the canadian doillar? What would we ever buy from them except maybe oil?

[911pcars]

"Why would we ever care about the value of the canadian doillar? What would we ever buy from them except maybe oil?"

I suppose our senior citizens (your parents and/or grandparents) could have bought out-of-sight prescription meds a little cheaper. However, let's not worry about our seniors, most on fixed incomes.

Spoken like a true isolationist. If this is happening in Canada, what do you think is happening in the rest of the world, like China and Europe?

"The dollar neared its all-time low against the euro and fell below 106 yen as markets focused on the massive US current account and fiscal deficits following the re-election of President George W. Bush.

The euro rose to 1.2874 dollars in late European trading from 1.2821 late on Wednesday in New York. "


BTW, where do you buy your foreign car, your digital camera, your computers and electronics and your kid's toys?

Pull your head out flint. Much as you'd like to, we don't live in a vacuum.

Sherwood

[jyl]

"Why would we ever care about the value of the canadian doillar? What would we ever buy from them except maybe oil?"

Currency exchange rates are important in the financial and business world, and that impacts our daily lives.

They impact trade. For example, when the USD (US dollar) is low versus the EUR (euro), it is easier for US companies to export to Europe. For a typical US multinational company (IBM, for example) Europe can represent 40% of its sales. Over the past year, this effect has helped boost US companies' sales, which helps sustain US economic growth and keeps Americans employed. At the same time, European companies have a harder time exporting to the US. Over the same period, this has hurt economic growth in, for example, Germany.

They impact US consumers through prices. For example, much of the lumber at Home Depot is from Canada. If the CDN (Canadian dollar) is very strong vs the USD, we may see higher lumber prices. Similarly for Porsche parts - remember when prices of 911 parts rose because the USD was falling against the EUR?

Also, they impact stock markets, bond markets and interest rates. The US relies on foreigners to support its markets, by buying appx $400 billion of Treasury bonds each year to fund the US budget deficit, and by investing in US stocks. When the USD falls, foreigners holding USD-denominated assets (stocks, bonds, etc) effectively lose money, since 1 USD now buys less in their local currency. This can affect foreigners' desire to buy US stocks and bonds, which in turn can affect our stock portfolios and the interest rates we pay.

[Purrybonker]

Originally posted by fintstone
Why would we ever care about the value of the canadian doillar? What would we ever buy from them except maybe oil?

Canada is only that the largest trading partner the US has my little junior genius. The value of the Canadian dollar vs. the US has a huge impact on the economies of both nations.

But most US competitors, including Canada have little worries about US economic competition with US GDP growth forecast to trail OECD nations, Europe and Canada into 2005. All thanks to the cash burn thats happening in Iraq.

[techweenie]

Top paraphrase Animal House: 'stupid and angry is no way to go through life.'

[fintstone]

Originally posted by 911pcars
"Why would we ever care about the value of the canadian doillar? What would we ever buy from them except maybe oil?"

I suppose our senior citizens (your parents and/or grandparents) could have bought out-of-sight prescription meds a little cheaper. However, let's not worry about our seniors, most on fixed incomes.

....

BTW, where do you buy your foreign car, your digital camera, your computers and electronics and your kid's toys?

Pull your head out flint. Much as you'd like to, we don't live in a vacuum.

Sherwood

Of course I would not let my parents buy drugs from Canada...Nor have I ever bought a Canadian car, digital camera, computer, electronic or kid's toy. Have you?

How can a Kerry supporter even suggest someone else "pull their head out?"

[fintstone]

Boy..you guys are really bitter! Such name calling. What's the matter...lose a lot of election bets?

Well with hundreds of words and discussion of euro's...the only thing you came up with was lumber prices at Home Depot...LOL

Once again...why would the US care if the Canadian dollar rises in respect to the US dollar? Are you afraid the Canadians will buy more goods from the United States..increasing jobs in the US and causing a balance of trade in our favor? Sounds terrible to me. LOL...

Face it...you guys have been wrong for months on just about everything you have posted.....and still are! Great election predictions!!! LOL! All you ever seem to be able to do is call everyone else stupid. It didn't work for Kerry, and it doesn't work for you! Get over it and find something you understand....it certainly is not politics...and apparently not economics.