MeisterEckhart wrote on Aug 6^th, 2024 at 2:38pm:


Yes, it should have never happened.

But comparing an ideological obsession with attacking regulation that is there to protect the citizenry to an assassination attempt on a Presidential candidate is a bit much don't you think?

Trump's obsession with Harris in characterising what appears to be a temporary market downturn, as the 'Kamala crash' will backfire in a way he likely does not understand.

By associating her with the power of an executive president by implication, he is strengthening the illusion that she is the incumbent president.

His promotion of Harris's 'incumbency' will strengthen her chances of election in November.

Ok, for those interested in the truth, rather than simply making everything political and manipulating it to benefit one side or another which is all you'll get from that video, here's what has been happening.

Japan has not raised interest rates in years, in fact, they had negative interest for 15 years.  Over the past few months, they’ve raised them up to 0%. 

Now they just announced a 25-point interest rate increase to 0.25%, with plans for further rate increases later this year.  With concerns over the local economy in Japan growing as a result, this has led to panic selling in the Japanese market, which is leading to investors pulling money out of other markets so they have enough liquidity to pay their margin in Japan if it’s called. 

This is leading to crashes in other markets and snowballing around the world.

Another effect of this is that with a strong US dollar against the yen and low interest rates in Japan, investors have been borrowing money from Japan rather than the US, but with interest rates rising the yen is also rising against the dollar and both effects are causing that debt to become more expensive to pay off, so investors are scrambling to pay down that debt, leading to even more selling.

The markets should stabilise fairly quickly IMO, but it’ll be a while for the US to get back up where we were.

The interesting part is, this is the free market in action.  If you want to hold Biden or Harris to account, firstly you'd have to elect Harris as President, because right now she's only the VP, and second, you'd have to allow Biden to set the regulations that prevent US companies from "outsourcing" their lending and borrowing and keep things within the US market.

But my god do you bitches squeal the moment anyone talks about regulation.

You can't have it both ways, push for deregulation, push "the free market does it better" and then cry and look for someone else to blame when what you've been advocating for results in negative outcomes.

So is it the Kamala Crash?  No.  Is it a Biden Crash? No.

It's just the market reacting to cheap money loophole that's just closed and could now cost them far more in the long run, so they're trying to exit now.

Japan has not raised interest rates in years, in fact, they had negative interest for 15 years.  Over the past few months, they’ve raised them up to 0%. 

Now they just announced a 25-point interest rate increase to 0.25%, with plans for further rate increases later this year.  With concerns over the local economy in Japan growing as a result, this has led to panic selling in the Japanese market, which is leading to investors pulling money out of other markets so they have enough liquidity to pay their margin in Japan if it’s called. 

It's just the market reacting to cheap money loophole that's just closed and could now cost them far more in the long run, so they're trying to exit now.

Not satire.