RE:US Election - Investor ImplicationsAs a postscript to my earlier post...
The last decade, particularly, and perhaps the last couple has seen an increase in the polarization of US politics which is not good for the US, and, by extension, investors.
I recall many years ago, I travelled to the US many times for investor conferences and meetings with US investors. Some of these trips involved going to Washington where I was in contact with US politicans and often went to restaurants for dinner frequented by politicans. One thing that struck me at the time, in contrast to our parliamentary system, was the fact that there was otften bipartisan agreement and interaction among US politicans (they actually had dinner together)....a Republican and a Democrat from the same State would often vote the same on a particular issue. IMHO this provided a strength for the US and contributed to its success (power).
Now...they wouldn't give each other the time of day and worse spend a great deal of time calling each other names and using the Courts to fight each other as opposed to trying to make decisions in the best interests of the US which again IMHO was the spirit/foundation of the US Constitution (if you have time read The Federalist Papers to see what I am talking about).
What I fear most as a pragmatic investor, in addition to the concern I have expressed about capitalism vs marxism in the current election is that what I talked about above results in the decline of the US and its potential replacement by China as a world and economic power and the investment implications of this.
A part of me says..."So what" since I am old and probably won't see the biggest impact in my lifetime but another part of me looks at my Grandkids and i worry about what kind of world they live in as they have families of their own.
Sorry to be so pessimistic....but I feel that younger people here need to be thinking about this as make investment decisions and also in regard to their investment objectives.