DOW down -971 today (1 Viewer)

[BirdinHand]

The election results tell a different tale.

Election results have no bearing on whether or not an economy meets the criteria of atagflation.

What a stupid post.

 

[Questerr]

Stagflation is caused by excessive government spending.

Then why didn’t stagflation skyrocket when Ronnie Raygun massively increased government spending?

 

[trumptman]

You didn't answer my question.

You think you get to make demands?

That's funny.

Why does the left believe they are the gate keepers and grant sanction to everything?

You don't.

 

[Sandy Shanks]

Trump is ecstatic. The Democrats and the media are doing exactly what Trump wants them to do. They are talking a lot about immigration, freeing a man falsely imprisoned, and court decisions.

Both are minimizing the disastrous economic effects of Trump's tariffs and the loss of our friends and allies because Trump targeted them.

The Democrats and the media are providing only lip service to our declining economy, increasing inflation, higher unemployment, and a horrendous loss of retirement savings since Trump became President.

The Guardian reports, "A delegation of four House Democrats has arrived in El Salvador to push for the release of Kilmar Ábrego García, part of a mission to challenge the Trump administration’s refusal to comply with a supreme court order to facilitate the return of the immigrant to the United States."

This is great news, according to Trump because the Democrats and the media are not talking about this.

US stocks ended the day sharply lower Monday and the dollar tumbled as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell.

The Dow fell 972 points, or 2.48%. The broader S&P 500 fell 2.36%. The tech-heavy Nasdaq Composite slid 2.55%. The three major indexes slumped throughout the day before pulling back slightly in the afternoon

The sell-off on Monday was widespread, as nearly every company in the Dow and the S&P 500 closed lower. All three major indexes are coming off of a week in the red and are on pace for their worst month since 2022.

The US dollar index, which measures the dollar’s strength against six foreign currencies, slumped more than 1% to its lowest level in more than three years.

Despite the obvious fact that it is Trump's tariffs and loss of friends -- Canada and the U.K. come to mind --causing the problems, Trump, as usual, blames someone else. He lambasted Powell for not cutting interest rates.

“If I want him out, he’ll be out of there real fast, believe me,” Trump told reporters in the Oval Office Thursday. “I’m not happy with him.”

The media should be aware of its responsibilities. They need to do better at covering the problems Americans are facing that were caused by this President.

They could begin with this. Senior Americans have lost billions in retirement savings since Trump became president.

 

[noonereal]

Well I mean, it's not down 2000, could be worse.

lol

Or 3,000

End times

 

[Lord Tammerlain]

The point is that is how the fed responds to a bad economy. It drops rates to stimulate it. If it isn't dropping rates, then the economy isn't bad.



A bit tongue in cheek but prices are dropping but prices of STOCKS are also dropping.

See what I did there?

Not if the fed believes inflation is going to come back

Like because of tariffs and the falling USD. In that situation the fed will increase rates and the economy will suck

Ie stagflation.

 

[Jay59]

Mind blowing drop after drop.

971 is not that bad.

The stock market and economy Trump always took credit for.

I give that Trump did well with the economy.

What now, Biden's fault?

Yeah.

It looks like he left Trump a recession in time-honored Democratic fashion--see 1981 and 2001

The guy who rebuilt our economy post Covid problems?

What post-COVID problems?

The second half of 2020 and the first half of 2021 were the best 12 months in US history.

Trump is not only a hate filled screw up but a very very dangerous screw up.

You project.

Trump is not the hater here.

He picked this war with China that we cannot win.

It's important that someone did.

China has been building up without opposition.

We were simply not prepared for war.

You never are.

The imbecile does not know how to plan a war, if that is what he wanted.

How not?

You cannot complain he is stiing on his hands.

 

[dseag2]

971 is not that bad.


I give that Trump did well with the economy.


Yeah.

It looks like he left Trump a recession in time-honored Democratic fashion--see 1981 and 2001


What post-COVID problems?

The second half of 2020 and the first half of 2021 were the best 12 months in US history.


You project.

Trump is not the hater here.


It's important that someone did.

China has been building up without opposition.


You never are.


How not?

You cannot complain he is stiing on his hands.

This is so deluded it is not even worth a response other than this.

 

[Variant]

They're already laying the ground work. "It's all Jerome Powell's fault" is the likely candidate.

 

[Callen]

They're already laying the ground work. "It's all Jerome Powell's fault" is the likely candidate.

...and bobble heads will bobble.

 

[Callen]

971 is not that bad.

..and the dollar is dropping as are treasuries . The world is divesting itself of US financial assets. The fact you see that as a rosy picture for the US economy is interesting but not informed. Trump needs to correct course and correct course soon.

 

[US&THEM]

You'll let us know when the Federal Reserve considered the economy so bad that it engages in rate cuts won't you?

Giving in to Trump’s horrific decisions isn’t the Fed’s job. Trump is the arsonist who wants credit for putting out the fires he started. He’s bad

 

[noonereal]

971 is not that bad.

Day after day for weeks?

It looks like he left Trump a recession in time-honored Democratic fashion--see 1981 and 2001

My God, the things you post.

The second half of 2020 and the first half of 2021 were the best 12 months in US history.

I am very serious when i warn you, MAGA Media rots the brain.

This was the Covid bounce back which the entire world experienced and caused the nasty inflation Joe slowed better than any country on earth.
We were on the brink of a recession when Covid hit because Trump ****ed up economy so bad.

 

[Lord Tammerlain]

971 is not that bad.


I give that Trump did well with the economy.


Yeah.

It looks like he left Trump a recession in time-honored Democratic fashion--see 1981 and 2001


What post-COVID problems?

The second half of 2020 and the first half of 2021 were the best 12 months in US history.


You project.

Trump is not the hater here.


It's important that someone did.

China has been building up without opposition.


You never are.


How not?

You cannot complain he is stiing on his hands.

The last half of 2020 was full of covid lockdowns protests and a collapsing stock market.

So was the first half of 2021.

So for it to be the best time

You were either working from home, a trucker making huge bonuses, or getting Government covid money to sit at home.

I was working from home for the first time, so it was great for me

 

[Jay59]

..and the dollar is dropping as are treasuries . The world is divesting itself of US financial assets. The fact you see that as a rosy picture for the US economy is interesting but not informed. Trump needs to correct course and correct course soon.

The real question is whether that is is a good thing or a bad thing. The strong dollar has always been a large contributor to our trade deficits.

The other question that presents whether the weakness is long term or tempory.

Day after day for weeks?

That is the real point.

A long slow decline is very different from a sharp correction.

My God, the things you post.

The recessions closely following the Carter and Clinton administrations are historic facts.

I am very serious when i warn you, MAGA Media rots the brain.

I try to avoid it.

The opposite is also true. Anti-Trump propaganda not only ruins objectivity, it also rots your morals.

This was the Covid bounce back which the entire world experienced and caused the nasty inflation Joe slowed better than any country on earth.

The whole world did not experience 12% growth in a 12 month period.

USA did.

We were on the brink of a recession when Covid hit because Trump ****ed up economy so bad.

You seem to assume COVID hit in 2020.

It's called COVID-19 because it emerged in 2019 and had significant impact internationally that year.

In any event, Trump achieved better growth than Obama and did it while interest rates were rising.

The last half of 2020 was full of covid lockdowns protests and a collapsing stock market.

Look again.

Lockdowns were starting to lift though it would be a year before they were all gone.

So was the first half of 2021.

Lockdowns were opening rapidly.

So for it to be the best time

Speaking strictly for USA, the pandemic crash ended in late spring.

The so-called V-shaped recovery was full on by late summer.

You were either working from home, a trucker making huge bonuses, or getting Government covid money to sit at home.

None of above.

I was in an essential position.

I was working from home for the first time, so it was great for me

I was working harder at a less rewarding job during the shutdown.

 

[noonereal]

The real question is whether that is is a good thing or a bad thing.

There is no question. How on earth can you claim it's a good thing?
You can't.

The other question that presents whether the weakness is long term or tempory.

No country will EVER look at us the same.

A long slow decline is very different from a sharp correction.

What on earth are you claiming here?
You forget 3000 point drop, 2000 point drop and the daily 500 point drops since Trump undertook this lunacy?
This is weeks.

The recessions closely following the Carter and Clinton administrations are historic facts.

The country was in economic hell under Nixon, Ford and Carter.
It started to improve when Ronnie was president but that was more about right time right place. You forget the mess he left Bush? The downturn we had under him. You really CHOOSE to forget 1987?
When the market last collapsed?
You are blaming the housing crises 8 years latter on Clinton? Do you know how ridiculous this sounds?

It's called COVID-19 because it emerged in 2019 and had significant impact internationally that year.

What bullshit. It had effectively no impact that year. Post honest.
The very first cases were not until November in China in 2019.
Just stop.

 

[Lord Tammerlain]

The real question is whether that is is a good thing or a bad thing. The strong dollar has always been a large contributor to our trade deficits.

The other question that presents whether the weakness is long term or tempory.


That is the real point.

A long slow decline is very different from a sharp correction.


The recessions closely following the Carter and Clinton administrations are historic facts.


I try to avoid it.

The opposite is also true. Anti-Trump propaganda not only ruins objectivity, it also rots your morals.


The whole world did not experience 12% growth in a 12 month period.

USA did.


You seem to assume COVID hit in 2020.

It's called COVID-19 because it emerged in 2019 and had significant impact internationally that year.

In any event, Trump achieved better growth than Obama and did it while interest rates were rising.


Look again.

Lockdowns were starting to lift though it would be a year before they were all gone.


Lockdowns were opening rapidly.


Speaking strictly for USA, the pandemic crash ended in late spring.

The so-called V-shaped recovery was full on by late summer.

None of above.

I was in an essential position.


I was working harder at a less rewarding job during the shutdown.

Covid 19 emerged in 2019, the only impact was in China Wuhan late 2019, it was not identified until Jan 2020, lock downs outside of China did not start until late Feb 2020

 

[Jagged]

The real question is whether that is is a good thing or a bad thing. The strong dollar has always been a large contributor to our trade deficits.

The other question that presents whether the weakness is long term or tempory.


That is the real point.

A long slow decline is very different from a sharp correction.


The recessions closely following the Carter and Clinton administrations are historic facts.


I try to avoid it.

The opposite is also true. Anti-Trump propaganda not only ruins objectivity, it also rots your morals.


The whole world did not experience 12% growth in a 12 month period.

USA did.


You seem to assume COVID hit in 2020.

It's called COVID-19 because it emerged in 2019 and had significant impact internationally that year.

In any event, Trump achieved better growth than Obama and did it while interest rates were rising.


Look again.

Lockdowns were starting to lift though it would be a year before they were all gone.


Lockdowns were opening rapidly.


Speaking strictly for USA, the pandemic crash ended in late spring.

The so-called V-shaped recovery was full on by late summer.

None of above.

I was in an essential position.


I was working harder at a less rewarding job during the shutdown.

It's called COVID-19 because it emerged in 2019 and had significant impact internationally that year.

Why lie? No one anywhere died from it until 2020 and the first reported case outside of China wasn't until around mid-January.

CDC Museum COVID-19 Timeline

Moments in the COVID-19 pandemic from its known origins to today.

www.cdc.gov

 

[Jay59]

There is no question. How on earth can you claim it's a good thing? You can't.

A strong dollar is not an unmixed blessing and a weaker dollar is not an unmitigated curse.

On one hand it makes imports more expensive but it makes our exports more affordable.

No country will EVER look at us the same.

That's true of every country, every day.

You pretend that the world has never seen a Trump presidency.

What on earth are you claiming here?

I was agreeing with you.

You forget 3000 point drop, 2000 point drop and the daily 500 point drops since Trump undertook this lunacy? This is weeks.

I am saying that the 3000 point drop is less worrisome that five 600 point drops in a row.

You forget that there was a significant bounce and today is also up.

The country was in economic hell under Nixon, Ford and Carter.

That's overdramatic. Only the last year or two under Carter approached hell.

I agree Reagan was much better.

It started to improve when Ronnie was president but that was more about right time right place. You forget the mess he left Bush?

What mess?

A short, mild recession after a long run is normal.

The downturn we had under him.

Are you referring to the second part of the double-dip recession 1980-1982?

You really CHOOSE to forget 1987? When the market last collapsed?

We had the worst day in history, because we allowed computer trading with no brakes, but made it all back before Christmas.

The market last collapsed during the pandemic.

You are blaming the housing crises 8 years latter on Clinton? Do you know how ridiculous this sounds?

Of course not.

It was the .com recession.

What bullshit. It had effectively no impact that year. Post honest. The very first cases were not until November in China in 2019. Just stop.

In November 2019 it was tracked as an epidemic.

By January 2020 it was already recognized as a pandemic.

Covid 19 emerged in 2019, the only impact was in China Wuhan late 2019, it was not identified until Jan 2020, lock downs outside of China did not start until late Feb 2020

As if that was not economically significant.

It's called COVID-19 because it emerged in 2019 and had significant impact internationally that year. Why lie? No one anywhere died from it until 2020 and the first reported case outside of China wasn't until around mid-January. https://www.cdc.gov/museum/timeline/covid19.html

It would be more correct to say that no one was reliably reported to have died. What went on before the Chinese deigned to acknowledge it?

Regardless, the impact on the world economy started in 2019.

 

[stealthycat]

What now, Biden's fault?

if the DOW isn't rebounded by 2027 ... yes, blame Trump for it all happening and things not looking eventually better


by OCT 10th 2022 the DOW had lost 7,000 in a few months period .... did ya'll lose your minds?

800,000 dad covid - did ya'll lose your minds under Biden ?

record inflation - lose your minds ?


c'mon man

 

[Brack]

The election results tell a different tale.

The election results tell us that too many people are getting their "news" from FOX and/or social media.

 

[Lord Tammerlain]

A strong dollar is not an unmixed blessing and a weaker dollar is not an unmitigated curse.

On one hand it makes imports more expensive but it makes our exports more affordable.


That's true of every country, every day.

You pretend that the world has never seen a Trump presidency.


I was agreeing with you.


I am saying that the 3000 point drop is less worrisome that five 600 point drops in a row.

You forget that there was a significant bounce and today is also up.


That's overdramatic. Only the last year or two under Carter approached hell.

I agree Reagan was much better.


What mess?

A short, mild recession after a long run is normal.


Are you referring to the second part of the double-dip recession 1980-1982?


We had the worst day in history, because we allowed computer trading with no brakes, but made it all back before Christmas.

The market last collapsed during the pandemic.


Of course not.

It was the .com recession.


In November 2019 it was tracked as an epidemic.

By January 2020 it was already recognized as a pandemic.


As if that was not economically significant.


It would be more correct to say that no one was reliably reported to have died. What went on before the Chinese deigned to acknowledge it?

Regardless, the impact on the world economy started in 2019.

Economic impacts did not start until mid to late Feb outside of Wuhan China

 

[noonereal]

On one hand it makes imports more expensive but it makes our exports more affordable.

We are not an export economy . We are service economy


"You pretend that the world has never seen a Trump presidency."


It has? I call BULLSHIT. Who has ever had such an economic impact on the globe?

am saying that the 3000 point drop is less worrisome that five 600 point drops in a row.

Wrong however during this stretch we have had both. 2000 points drops also.
500 is now routine.

That's overdramatic. Only the last year or two under Carter approached hell.

Really? Then you did not live through this period. The price of gas doubling, no heat allowed above 60, odd and even gas days when you had to park your car at a station overnight, walk home and then walk back in the morning.
Interest rates soared.
Recall now?

November 2019 it was tracked as an epidemic.

By January 2020 it was already recognized as a pandemic.

No impact on our economy in 2010. None, zero zilch.

Regardless, the impact on the world economy started in 2019.

No, the first cases were diagnosed in 2019.
You act as if as soon as the first case was diagnosed the world shut down.

That is not what happened.

 

[noonereal]

Economic impacts did not start until mid to late Feb outside of Wuhan China

Do you think he may believe what he posts?

 

[Lord Tammerlain]

Do you think he may believe what he posts?

I expect he does, not that has any basis in reality.

Heck I bet he blames Biden for the vaccines developed under Trump