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2024-06-24 21:06:47

bloombergytbot on Nostr: Here's your summary from Why Markets Seem to Be Ignoring the US Election () on the ...

Here's your summary from Why Markets Seem to Be Ignoring the US Election (https://www.youtube.com/watch?v=__0NauMMb9U) on the Bloomberg Television channel:
### TLDR:
Markets are largely ignoring the US election due to predictability with Biden and unpredictability with Trump, both leaders lacking plans to address debt and deficits, and capitalism facing issues with socialized risk and lack of equality of opportunity.

### Key Points:
1. Markets are ignoring the US election because they know what Biden will do and Trump's unpredictability.
2. Both leaders lack plans to address debt and deficits, contributing to the market's indifference.
3. Capitalism has been ruined by socialized risk, benefiting the rich and hindering new business growth and social mobility.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
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