This election result will have a major impact on the global economy.

Summary

The U.S. dollar surged 1.5% and Bitcoin hit a record high after Donald Trump’s projected election victory, as markets anticipate pro-business policies, tax cuts, and inflationary pressures.

Global stocks also rose, with Japan’s Nikkei up 2.6% and Australia’s ASX 200 up 0.8%. Trump’s plans to make the U.S. a “cryptocurrency capital” and potentially increase trade tariffs, especially on China, are fueling market reactions.

Investors are now awaiting the U.S. Federal Reserve’s interest rate decision and China’s economic strategy announcement, as uncertainty looms over global trade and inflation.

  • Not_mikey@slrpnk.net
    13·
    16 hours ago

    Investors are, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest rate cuts.

    Higher rates for longer mean investors will get better returns on savings and investments they hold in dollars.

    So they are hoping we’ll get more inflation so they can get better returns on their bonds, and trump will spin this as good for the economy . Fuck finance, fuck Trump and fuck this shit country.

    • ThePyroPython@lemmy.world
      551·
      22 hours ago

      They’re betting that they can sell before that happens and someone else is left holding the bag: pension funds and 401k.

      • andrewta@lemmy.world
        144·
        21 hours ago

        Unpopular opinion : the crash was going to happen regardless of who’s in charge. The market is long long over due for a major correction.

        • Flying Squid@lemmy.world
          121·
          20 hours ago

          A correction and a crash are two different things.

          This will be a crash. Virtually every economist has said so.

          • andrewta@lemmy.world
            32·
            19 hours ago

            It should have been a correction had it been allowed to happen when it should have.

            Now it will be an extreme correction (also known as a crash).

        • Soup@lemmy.world
          64·
          20 hours ago

          “Both sides both sides”

          Hey, bud, your opinion is trash and you can shut the hell up literally any time. It’s free!

          There could have been a crash in both situations but if they go through with what they promised the “worse” won’t begin to describe it.

  • lemmydividebyzero@reddthat.comEnglish
    6·
    16 hours ago

    So, foreigners like me with US shares can now benefit from the fact that the US population voted for self-exploitation… Thanks, I guess… Would have prefered Kamala anyway…

  • ATDA@lemmy.world
    5·
    16 hours ago

    Dollar goes up on admin already admitting their plans will cause a recession.

    God damn this world is setup huh?