Market Talk – October 31, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 196.14 points or -0.50% to 39,081.25 • Shanghai increased 13.59 points or 0.42% to 3,279.82 [...]
The Great Divide – Left v Right
COMMENT: You are wrong. Trump is the entire reason the country is divided.
HR
REPLY: I have stated numerous times that this is a global trend. Now the BBC has taken a world survey on this very question. This is the Ipsos MORI study, which was carried out in 27 countries for the BBC. You obviously have your head in the sand and are too biased to open your eyes. The study showed:
- Three-quarters around the world say their country’s society is divided – and the majority think their country is now more divided than it was 10 years ago, especially in Europe
- Differences in political views are seen as the greatest cause of tension, followed by differences between rich and poor
- However, despite these divisions, the majority of people in most countries agree that people across the world have more things in common than things that make them different
I travel the entire world. We have clients on every continent with whom I talk to regularly. I see the trends unfolding everywhere and what I look for are the PATTERNS, not the personalities. Trump would NOT have been elected if people were not turning against the establishment. They are sick and tired of being lied to and they are not stupid enough to think that the promises made by government will actually be fulfilled. If you believe in government will be there to hold your hand and smite down the rich to fill your pockets before their own, I feel very sorry for you because you will be incapable of surviving for you still think that its government’s job. Good luck with that one!
It is this battle that will dictate the markets. This is not just politics – it is economics!
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