• 0 Posts
  • 70 Comments
Joined 1 year ago
cake
Cake day: July 2nd, 2023

help-circle




  • In a speculative market, which is the reality in which we both exist, share value can absolutely be divorced from a balance sheet. As you’ve pointed out, that is the case here.

    So what is the speculative value to an investor? Why ISN’T it zero?

    If you have a theory better than “investors believe he’ll use his position as president to increase the value of his own holdings if he wins” I’d be curious to hear it.

    Maybe it’s by making presidential decisions contingent on “friendly actions” like buying shares if you’re a foreign nation or even a domestic interest. Maybe he’ll award government communication contracts.

    Super interested in an alternative explanation, though.













  • Delegates are bound to support in all good conscience the person for whom their primaries results reflect.

    This bizzare turn of phrase has been largely been untested in the courts… But if, in good conscience, the delegates believe that the results of the primary were for the candidate who was best poised to defeat Trump (as in, they’re not supporting Biden specifically as much as they are against Trump, for example) then they could argue that based on events that have occured since the primaries that they are in good conscience representing those wishes.

    So, I dunno. I’m very glad Biden took the high road here, but I am unconvinced that this was truely set in stone. This is the exact justification for having delegates choose the nominee in the first place; that in certain critical conditions they can act in good faith.




  • For transparency, I’m Canadian, but our situation is pretty much the same: Far right candidate projected to win next election, “meh, status quo centrist” in power now, people letting projections deter them from voting, primitive “electoral college” lite making your votes less effective based on where you live, etc etc…

    We do trend towards “looking over the fence” politically. If Biden’s step-down gamble pays off, it’s possible we could get a similar thing to happen here which could be good. So, we’re all watching and hoping that we don’t end up neighbouring a country with a fascist leader…