I miss the Obama economy.
I miss the Obama economy.
I miss the Obama economy.
Est moi aussi. Things were good under Obama & Trump has spent 2 years doing nothing but riding on the inertia of the Obama recovery.
What a mess, and continually getting worse.
I miss the Obama economy.
Why?
If Obama had a strong economy like we are seeing now, interest rates would have risen instead of being kept artificially at bay by Fed chair Janet Yellen.
The market is reacting to that rise, and all of this was inevitable.
Nothing to see here...
https://us.cnn.com/2018/12/20/investing/dow-jones-nasdaq-oil-prices/index.html
New York (CNN Business) Fear of an economic slowdown is rocking Wall Street and the oil markets.
The Dow briefly plunged below 23,000 on Thursday and the Nasdaq is flirting with a bear market. US oil prices plummeted more than 4% to the lowest level since August 2017.
========================================
There have been a number of predictions of WS's bubble bursting, setting off the next Great Recession. We may be seeing the start of that this past week. Not good for Trump in 2020. Unemployed people tend to hold grudges that they act out at the voting booths.
Gas prices are plunging too, which is good for me. I have antique gold coins in my safety deposit box that are worth a lot more today because of the inverse price relationship between gold & oil: inevitably one goes up & the other goes down. It's like a Newtonian law of motion.
https://us.cnn.com/2018/12/20/investing/dow-jones-nasdaq-oil-prices/index.html
New York (CNN Business) Fear of an economic slowdown is rocking Wall Street and the oil markets.
The Dow briefly plunged below 23,000 on Thursday and the Nasdaq is flirting with a bear market. US oil prices plummeted more than 4% to the lowest level since August 2017.
========================================
There have been a number of predictions of WS's bubble bursting, setting off the next Great Recession. We may be seeing the start of that this past week. Not good for Trump in 2020. Unemployed people tend to hold grudges that they act out at the voting booths.
Gas prices are plunging too, which is good for me. I have antique gold coins in my safety deposit box that are worth a lot more today because of the inverse price relationship between gold & oil: inevitably one goes up & the other goes down. It's like a Newtonian law of motion.
How typical. When things go wrong, not tRump's fault. When things go right, tRump did it. :roll:
Your little tRump train isn't just running out of steam. It's headed for a ****ing cliff. And your conductor has NO CLUE how to steer us away from it.
Nobody cares about Wall Street.
So says Mycroft.
You don't care about Wall Street, why are you giving advice about Wall Street?My advice? Get away from the stock market...and fast. The Fed has the globalist's back...not yours.
You do not believe a trade war and government shut-down effect the markets?Why?
If Obama had a strong economy like we are seeing now, interest rates would have risen instead of being kept artificially at bay by Fed chair Janet Yellen.
The market is reacting to that rise, and all of this was eventually inevitable.
Nothing to see here...
Why?
If Obama had a strong economy like we are seeing now, interest rates would have risen instead of being kept artificially at bay by Fed chair Janet Yellen.
The market is reacting to that rise, and all of this was eventually inevitable.
Nothing to see here...
Short for saying you can't refute what I wrote above so you do your usual by making it personal.
See ya! :2wave:
Not anywhere near as "artificial" if they were to do so now. At some point the Fed has to react to the financial data it sees being generated by massive the deficit and debt being driven upward by the Trump's tax policy and tariffs. Trump's impetuous du jour style of governance and policy making is creating a lot of doubts and confusion and Wall Street doesn't like it.
My advice? Get away from the stock market...and fast. The Fed has the globalist's back...not yours.
We just went through this in the other thread, Mycroft.My advice? Get away from the stock market...and fast. The Fed has the globalist's back...not yours.
You do not believe a trade war and government shut-down effect the markets?
We just went through this in the other thread, Mycroft.
One third of Americans have 401K's that they depend on for retirement. They can't just walk away from the market. As the market goes, so does their retirement. They and their retirement are married to the market.
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