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Biden wins White House, vowing new direction for divided U.S.

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Re: Biden wins White House, vowing new direction for divided U.S.

#111

As someone who is not that much into politics but receives salary in US dollar - what does Biden win mean for the US economy and the dollar?

No one really knows.

A big factor will be who wins the Senate, and that won’t be decided until January due to two run off elections in Georgia.

The two possible outcomes in the Senate will still leave questions about what, if any, additional stimulus legislation will be passed, and my guess is that this has the potential to impact the markets and exchange rates significantly.

There is no easy answer to your question, so I would start reading up on the potential outcomes and relevant legislation if it might have a material impact on you.

Re: Biden wins White House, vowing new direction for divided U.S.

#112

> It's still on our todo list to have some form of karma sharing for situations like this, to make it be less of a race and/or lottery. Just disable karma on topics like these. They are going to be submitted multiple times and very quickly anyway, nobody "needs" the karma and it doesn't matter if nobody gets it.

(We detached this subthread from https://news.ycombinator.com/item?id=25017129)

Re: Biden wins White House, vowing new direction for divided U.S.

#114

On the data nerd side I continue to be shocked at how people misinterpret the certainty of polls/forecasts. Forecasts give us probability distributions based on historical polling error data. Not infallible predictions the expected value will 100% happen. It’s fairly revealing of society’s general innumeracy, just as it was 4 years ago when Trump won.

I think the big issue was the "margin of error" in many of these cases. For example, when Quinnipiac did a poll a few days before the election [1], they said Biden was winning Ohio by 4 points with a +-2.5 point margin of error... which happened to be very far off. And this wasn't isolated-–if memory serves me, Wisconsin was even further off?

[1] https://poll.qu.edu/florida/release-detail?ReleaseID=3683

Re: Biden wins White House, vowing new direction for divided U.S.

#115
There are a lot of curious statistics about ballot counts in a few swing states, including a record-breaking 90% turn-out in Wisconsin.

https://theredelephants.com/there-is-undeniable-mathematical...

(Ignore the flame-bait headline, and go right to the charts.)

Re: Biden wins White House, vowing new direction for divided U.S.

#117
December 14th is the deadline to watch. That's the date at which the state must deliver the "Certificates of Ascertainment", signed by the governor. If they don't deliver by this date, the votes are forfeited.

From this point to Dec 14th we're likely to see some interesting legal proceedings before the supreme court, such as whether or not ballots received without a postmark after election day can be legally counted (this might have impact in certain counties in Michigan and Pennsylvania).

https://crsreports.congress.gov/product/pdf/IF/IF11641

Re: Biden wins White House, vowing new direction for divided U.S.

#118

Not surprising at all given Wikipedia's political leanings. I wonder what Wikipedia says about Antifa?

https://en.m.wikipedia.org/?title=Reality_has_a_well_known_l...

https://medium.com/s/story/why-does-reality-have-a-well-know...

Re: Biden wins White House, vowing new direction for divided U.S.

#119
post #83

Interesting fact I noticed: If Biden is to take the presidency after the Electoral Collage voted that would make him the oldest president to take office yet, also interesting that wikipedia already marked Biden as president-elect [0]. [0]: https://en.wikipedia.org/wiki/List_of_presidents_of_the_Unit...

[deleted]

Re: Biden wins White House, vowing new direction for divided U.S.

#120

As someone who is not that much into politics but receives salary in US dollar - what does Biden win mean for the US economy and the dollar?

Likely the biggest change for the next year will be strategy for fighting Covid. Expect vast expansion of test and trace, bigger push for mask mandates, but also earlier reopening of public spaces and a sharper recovery in second half of 2021. Impact on the dollar is a crap shoot due to huge Fed intervention that never wound down from the last recession.
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