Mike Snead’s Post

As election season heats up, it's important to remember that politicians are nothing more than "pigs at the trough of spending." The truth is that current, past, and future spending plans are unsustainable. Politicians that spend a lifetime in government is more about power and lining one's own pockets than it is about serving the public. What we need is term limits and completely new leadership at every level of government, regardless of party? The same old, same old, will not solve any current or future problems. And, while the same old, same old process continues, the bill keeps getting bigger and bigger. https://lnkd.in/d7gPwvux

Great blog post by Franklin De Vrieze 🤍 🇺🇦 from Westminster Foundation for Democracy (WFD) on the need to strengthen oversight of public debt. This discussion should not be separated from the #corruption and mismanagement, which has in many cases precipitated such debt crises. https://lnkd.in/eBswSc6f #democracy #pfm doing-debt-democratically

As we approach the provincial Election on October 19th, be-aware that the government plans to increase our Provincial Debt from $103.783 Billion in 2023/24 to $164.973 Billion in 2026/27. That is almost double our planned revenue of $86.408 Billion for 2026/27. Is this what our Non-Democratic Party has in store for us. Ask yourself where these funds are coming from as you review the attached budget. See page 11 of 170 for official source of snapshot below. Source:"https://lnkd.in/grNNyuwS"

Since 2012, the OAT-BUND spread has only exceeded 80 bps twice: during the sovereign debt crisis and when Marine Le Pen aimed to exit the euro area. Today, the Rassemblement National has shifted its stance and no longer seeks to leave the European Union. However, its political program, especially on pension and tax reforms, appears to lack fiscal rigor. Macron is emphasizing the elections as a choice between order and chaos, a risky move in light of the country's high public debt levels. #Finance #EuropeanUnion #Politics #bondvigilant

📈 In the aftermath of the US presidential election, hear from our Co-Head of Fixed Income bertrand rocher on the outlook for #BondMarkets on CNBC ⏩ https://lnkd.in/eEZwgAtm   #Credit #GreenBonds #SustainableFinance

With the election results around the corner, what will affect the bond markets? How will the bond markets perform? What are investors’ expectations? Deepak Agrawal answers all these questions. Watch now to know more: https://lnkd.in/dR8g4Dct #mutualfunds #debtoutlook #debt #investments #IndianMarkets #elections2024 #investors #economic #sectors #debtfunds #electionresults #loksabhaelectionresults #bondmarkets

The Double-Edged Sword of Negative Gearing: A Balancing Act!  As the government faces a budget deficit and high interest rates, the push for change in negative gearing is on. But here's the kicker: most politicians own multiple properties-often in prime locations!   It's tough to vote against something that benefits your own portfolio. Dive into the complexities of negative gearing and why reform has been a challenge.  #negativegearing #propertyinvestment #realestate #budgetdeficit #interestrates #propertyreform #investmentstrategies #housingmarket #wealthbuilding #politicalinfluence #investmentproperty #financialliteracy #realestateinvesting #economicpolicy #investmentinsights #balancingact

How the Economic Crash of 2008 Shaped an Election Discover the impact of the 2008 economic crash on the election outcome. Explore the role played by factors like Bernie Madoff, subprime loans, and the recession. Dive into the political perspective and gain insights into the difficulties faced by candidates. #EconomicCrash #2008Election #PoliticalImpact #BernieMadoff #SubprimeLoans #Recession #CandidateChallenges #PoliticalInsights #ElectionOutcome #PoliticalPerspective

Ahead of the general election, read our simple guide on why GDP matters, how it affects businesses and individuals, and get insights into the UK's economic outlook from our experts: https://ow.ly/oQzM50ScXp2 #icaewDaily #generalelection

In case anyone woke up to the election results and wondered whether it mattered for the £. It doesn’t. The cart below shows the strength of the currency versus the $ over the last year. Why? In general, what moves markets is: A) Surpises - the election result was not a surprise B) Policy that affects the economic outlook meaningfully - there are many components to Labour policy but on the economy and budget there’s nothing concrete to say things will change materially (it’s been a tactic to say relatively little here) #investing #politics #ukelection