000 wrote: ↑Thu Sep 24, 2020 6:56 pm
casualflower wrote: ↑Thu Sep 24, 2020 5:56 pm
000 wrote: ↑Thu Sep 24, 2020 3:13 pm
casualflower wrote: ↑Thu Sep 24, 2020 2:04 pm
What if the election results are contested and there's two months between the election and inauguration day when the US doesn't know who the president will be? That's a huge amount of uncertainty and the market could crater in the interregnum.
Well, there is already an established process for handling this. Read about Congress's role in the Presidential Election process.
I've read quite a bit, thank you very much. That's how I've come to understand that if candidates dispute the result of the election, it will be very hard to resolve. There is no "established process". There are some laws, which have never been used and which are open to interpretation. To think a divided US Congress can successfully navigate that process is calamitously optimistic.
If no candidate has enough electoral votes as counted by Congress
, there is an explicit Constitutional provision for how and by whom the offices will be filled. That is also done by Congress. Whether or not a candidate contests it does not matter. Lookup the 1824 election.
Right, of course.
However, those "rules" assume that everyone will play by those rules, and accept the procedures and outcome. And that there won't be major
civil unrest. (And with almost instantaneous communication of *anything*, things can happen very fast indeed.)
That type of "problem", what "the market" will do in response, and what investors can/should do... and importantly, what WE should do (for all of the "we's" around)... that
is the financial concern.
And not everyone (even here on BH) is content to sit by without at least considering whether there is "anything we could/should do".
We were just watching a replay of Reagan's acceptance speech, with his gracious comment to Carter.
As the younger folks say, "If only...."
"If only..." the 2020 election would be similarly civil, then sure... no problems... and no unusual financial concerns to worry about this election year.
This signature is a placebo. You are in the control group.