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Deleted member 45988
God bless Trump. Finally someone is looking after the interests of US steelworkers and the US steel i...
Financial markets trade 24 hours a day. A funny thing happened in the 24 hours following the evening/night of Election Day, when it started becoming clear trump was going to be elected. The S&P 500 (500 largest us companies, though I think like Honda and Toyota, etc are included in the index) futures market plummeted on news of Trumps election in overnight hours which are dominated by first Asia paying attention, but then especially Europe paying attention. Like overseas people saw trump as a complete disaster and that he might drive us economy into the ground. But then us futures opened, stock market prices totally skyrocketed, not only undoing the overnight plummet but quickly raising far above levels before election results were clear.
I'd maybe call the above a media effect where overseas people get their ideas about trump from media which is largely dominated by people who not only dislike trump, but view his supporters as dangerous, racist, homophobic, etc, etc, etc. Like there is a tendency for them to be super intolerant and hate mongering by non-stop accusing those other people who do not have power and control and who tend to be their political enemies of being intolerant and hate mongering. Anyway, when us markets saw what had happened they was optimism and hope that trump being elected might be good for us industry and the economy in general.
I am not really sure if higher tariffs are a good idea or not, but it's clear to me that media people are not affected in the same way that US workers are and it's also clear that they just do to not like trump or his supporters very much.
But china is coming in every way. India is getting on track somewhat and there are a lot of English speakers there plus they have a very strong film industry. The Muslim world already has a competing news service. I suspect that it's only a matter of time before someone figures out how do news, film, etc cheaper with inevitably a different slant and then become a real competitor to us media, possibly putting many media jobs at risk. I suspect that when this happens and media people become concerned, they will support a candidate who wants to revitalize us media and raise the hopes of us media workers possibly with protectionistic inclinations for US media. I also suspect that when this happens they will not endlessly accuse themselves of being horrible hate mongering terrible racists who are motivated by hate of Chinese because Chinese media is a threat and they cannot accept globalization and media people are lashing out and being racist over misplaced frustration....or whatever.
Like I think it's easy to sit and judge and place blame when one isn't being affected, especially when those being judged are political enemies.