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Market is up because McConnell will be in charge of the Senate and he understands that it will be his responsibility to stop any legislation proposes by a President suffering from dementia from ever becoming law. Just as Pelosi opposed everything Trump proposed, McConnell will take on that role and has a wealth of experience doing just that.
Stock market exploded under Trump. No regulations and massive tax breaks. While the market is up a little today, I'm more concerned with our green energy future. We are laughably (tragically?) behind the rest of the world, thanks to Republicans.
You are either lying or you are ignorant, I'll let you make that call.
This is from the International Energy Agency which is a part of the OECD and is based in Paris.
"The United States saw the largest decline in energy-related CO2 emissions in 2019 on a country basis – a fall of 140 Mt, or 2.9%, to 4.8 Gt. US emissions are now down almost 1 Gt from their peak in the year 2000, the largest absolute decline by any country over that period. A 15% reduction in the use of coal for power generation underpinned the decline in overall US emissions in 2019. Coal-fired power plants faced even stronger competition from natural gas-fired generation, with benchmark gas prices an average of 45% lower than 2018 levels. As a result, gas increased its share in electricity generation to a record high of 37%. Overall electricity demand declined because demand for air-conditioning and heating was lower as a result of milder summer and winter weather."
This is from the International Energy Agency which is a part of the OECD and is based in Paris.
"The United States saw the largest decline in energy-related CO2 emissions in 2019 on a country basis – a fall of 140 Mt, or 2.9%, to 4.8 Gt. US emissions are now down almost 1 Gt from their peak in the year 2000, the largest absolute decline by any country over that period. A 15% reduction in the use of coal for power generation underpinned the decline in overall US emissions in 2019. Coal-fired power plants faced even stronger competition from natural gas-fired generation, with benchmark gas prices an average of 45% lower than 2018 levels. As a result, gas increased its share in electricity generation to a record high of 37%. Overall electricity demand declined because demand for air-conditioning and heating was lower as a result of milder summer and winter weather."
We are still one of the highest generators of CO2 along with China, kind of like claiming that a smoker went from three packs a day to two. It's about time this country started believing in science.
The stock market soared yesterday because no blue wave happened. In fact, Dems lost unexpected seats in the House and Mitch retained his position as leader of the senate.
Today with Biden most likely getting the needed electoral votes to gain the Presidency, the market will take a dump. You just watch and see.
The market was up because of the prospect of Biden+a red senate. That means: 1) there is going to be reduced trade war tensions and a rollback of Trump's protectionist policies on trade; and 2) Biden won't be able to pass sweeping tax increases that are supposed to increase corporate taxes and capital gains. That's what the market was pricing in. It is probably the best outcome possible for wall street at least.
Agreed. Biden + GOP Senate would be the outcome I was hoping for.
Gridlock (no big 'reforms') + ending stupid trade wars will be good for the economy. Restored respect for the US might help exports too.
The stock market soared yesterday because no blue wave happened. In fact, Dems lost unexpected seats in the House and Mitch retained his position as leader of the senate.
Today with Biden most likely getting the needed electoral votes to gain the Presidency, the market will take a dump. You just watch and see.
Futures are already down, but I doubt that’s the reason. The market knew Biden would win all week.
It’s Trump’s unwillingness to accept the results. That’s instability the market doesn’t like.
We are still one of the highest generators of CO2 along with China, kind of like claiming that a smoker went from three packs a day to two. It's about time this country started believing in science.
We lead the world in lowering greenhouse emissions and have been for two decades. What science does this fly in the face of??
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