Did the stock market actually tank because of fear of a Kamala presidency?

[Grumpyolman]

We'll see. The reality is that she's a far left socialist whose policies will, without question, damage the US economy. All the funny money Joe pumped in may not change that. Only make it worse.
The fail is rising, despite the media propaganda blitz.

 

[Moonglow]

Which policies of Kamala's has hurt the economy?

 

[Grumpyolman]

Which policies of Kamala's has hurt the economy?

Leftist petroleum hate causing higher and higher energy costs. Multi billions for the support of illegal aliens. Trillions of taxpayer dollars in student loan giveaways. Insane foreign policy positions....

 

[okfine]

Which policies of Kamala's has hurt the economy?

You know, the policies every RWinger talks about.

 

[Grumpyolman]

You know, the policies every RWinger talks about.

Which are very real. And affect everyday Americans.

 

[DukeU]

Which policies of Kamala's has hurt the economy?

Can you read and comprehend?

Did the stock market actually tank because of fear of a Kamala presidency?​

 

[Grumpyolman]

Can you read and comprehend?

Did the stock market actually tank because of fear of a Kamala presidency?​

Yes, I can. I wish everyone could.

 

[jotathought]

Just spit balling here -- the sharp downtrend in the stock market is due to one-or-more of the following:

• Last week's unemployment results, with an increase in unemployment rates.
• Japan's decision to raise interest rates, which made the Yen stronger. Global investors were purchasing riskier assets and funding trades with a weak Yen. Being forced into purchasing additional Yen for collateral as it strengthened, which only increased its value.
• Federal reserve waiting too long to lower interest rates, which has prompted an emergency rate cut.
• Political outcome and over-hype of the new presidential candidate.

The problem for the Biden / Harris administration is their constituency, which has a lion's share of low-information voters (most likely a majority), doesn't understand the sausage making of the economy, and only correlates it with who is currently in office. Just like gas prices and all the other conditions that directly impact people's pocketbook and retirement.

 

[toobfreak]

The reality is that she's a far left socialist whose policies will, without question, damage the US economy.

Consider this:

THEY DON'T CARE.​

• Do you think they want to spend 3 trillion a year on climate change because it will HELP the economy?
• Do you think they want to ban ICE cars, fossil fuels and fracking because that'll BOOST the economy?
• Do you think they keep sending hundreds of billions of dollars to Ukraine because that LIFTS our economy?

Harris and the left believe they are here on a mission from God, for a higher purpose, and our economy will just have to knuckle under and SUCK IT UP.

 

[Woodznutz]

Which policies of Kamala's has hurt the economy?

None, yet.

 

[Woodznutz]

We'll see. The reality is that she's a far left socialist whose policies will, without question, damage the US economy. All the funny money Joe pumped in may not change that. Only make it worse.
The fail is rising, despite the media propaganda blitz.

The rich always benefit the most from government money. Now Kamala wants it back by raising taxes on the rich.

The stock market is tanking because of widespread profit taking. Sellers will come back in quickly when the market bottoms. This is what astute investors do. If there is a hint of a big selloff investors jump on it, then buy back in at bargain prices.

So, if you've been on the sidelines now might be good time to get into the market. This could be a great opportunity to take advantage of a big recovery.

A Kamala presidency would mean more money pumped in by the government, which would, again, go mostly to the rich.

 

[Natural Citizen]

Relevant reading...

Flattening Yield Curve is the Calm Before the Storm