Weeoo, weeoo, weeoo. The Pascometer is wailing:
Don’t be lulled by Hillary Clinton picking up a couple of points in the opinion polls overnight – Donald Trump remains a clear and present threat to the global economy with five weeks to go to the US presidential election and markets are likely to keep reflecting that.
…My suspicion is that anyone who was stupid enough to be a Trump supporter before the debate will be stupid enough to remain a Trump supporter. Was Trump scarier than he had previously been, scary enough to frighten people into the necessary commitment America requires to vote? No – Trump has been worse before and since.
And was Hillary Clinton so inspiring as to win the hearts and minds of the uncommitted? And, much more importantly, to stir them to the point of actually voting? We’ll see.
So on top of whatever else is happening, there is every reason to expect global markets to become more jittery over the next five weeks as long as Trump is within a couple of points of Clinton. Optional voting on a work and school day can mean only the committed bother voting – and Trump’s ratbag following is nothing if not committed.
I actually just shuddered. Not at the prospect of a Trump victory, which will not be the end of the world though may upset markets for a few days, but at the blind arrogance of Pascoe who is a shining example of why anti-globalisation movements everywhere are unstoppable.
People are not stupid for supporting Donald Trump. They are desperate to be heard and in today’s ‘paid for politics’ have very limited options to express their anger.
Pascoe supports the population ponzi, supports our new Chinese overlords, supports the housing confidence economic model, supports his Domainfax rent-seeking employer – all of it over and above the well-being of his readers – and then has the gall to call the anti-globalisation protest vote “stupid”.
All I can say is that he is very fortunate that he does not live in eighteenth century France.
