Everything's Going Just Great

[Independent thinker]

Remember we have had 3 1/2 years of high inflation, Biden's approval numbers have been mired below 40%, only 25% of Americans have been saying the country is going in the wrong direction, people can't afford anything anymore including groceries, foreclosures are up, evictions are up, auto loan delinquencies are up, personal credit card debt is at an all time high, food banks are being inundated, homelessness is up, and yet the left have been bragging about how great the economy is and how great the stock market is?

Well, now the economy and the stock market are both tanking and we may be headed for a recession. So, I ask the left, is everything still just going great?

The stock market sell-off is about more than weak economic data

The latest leg of the sell-off accelerated overnight as Japan's Nikkei 225 dropped more than 12% in its biggest-ever daily loss after a surprise interest rate hike from the Bank of Japan.

finance.yahoo.com

Trump reacts to global stock-market sell-off: ‘I told you so!!!’

Former President Trump on Sunday night appeared to gloat in response to the global market sell-off and suggested his Democratic rivals were to blame. “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!” Trump wrote on...

www.yahoo.com

 

[Mr Natural]

The stock market has correctly predicted 10 of the last seven recessions.

 

[otto105]

Remember we have had 3 1/2 years of high inflation, Biden's approval numbers have been mired below 40%, only 25% of Americans have been saying the country is going in the wrong direction, people can't afford anything anymore including groceries, foreclosures are up, evictions are up, auto loan delinquencies are up, personal credit card debt is at an all time high, food banks are being inundated, homelessness is up, and yet the left have been bragging about how great the economy is and how great the stock market is?

Well, now the economy and the stock market are both tanking and we may be headed for a recession. So, I ask the left, is everything still just going great?

The stock market sell-off is about more than weak economic data

The latest leg of the sell-off accelerated overnight as Japan's Nikkei 225 dropped more than 12% in its biggest-ever daily loss after a surprise interest rate hike from the Bank of Japan.

finance.yahoo.com

The economy grew at 2.8% last QTR.

This is an overreaction to the Fed. It’s a buying opportunity in stocks.

 

[Dekster]

The economy grew at 2.8% last QTR.

This is an overreaction to the Fed. It’s a buying opportunity in stocks.

the Fed hasn't done anything as of yet. If anything it is a reaction to the the Bureau of Labor Statistics jobs report, though I wouldn't categorize it as an "overreaction." Buy all you want, but unless you plan on holding over a long window, I wouldn't just yet. I doubt we are at the bottom.

 

[Dont Taz Me Bro]

The stock market has correctly predicted 10 of the last seven recessions.

Math is hard, huh......

 

[CrusaderFrank]

The official numbers on the economy are drawn up by Bernie Madoff's accountant

 

[1srelluc]

Just watch, if this sell-off lasts into next week the fed will do a emergency rate cut.

Too little, too late.

 

[Votto]

Remember we have had 3 1/2 years of high inflation, Biden's approval numbers have been mired below 40%, only 25% of Americans have been saying the country is going in the wrong direction, people can't afford anything anymore including groceries, foreclosures are up, evictions are up, auto loan delinquencies are up, personal credit card debt is at an all time high, food banks are being inundated, homelessness is up, and yet the left have been bragging about how great the economy is and how great the stock market is?

Well, now the economy and the stock market are both tanking and we may be headed for a recession. So, I ask the left, is everything still just going great?

The stock market sell-off is about more than weak economic data

The latest leg of the sell-off accelerated overnight as Japan's Nikkei 225 dropped more than 12% in its biggest-ever daily loss after a surprise interest rate hike from the Bank of Japan.

finance.yahoo.com

Trump reacts to global stock-market sell-off: ‘I told you so!!!’

Former President Trump on Sunday night appeared to gloat in response to the global market sell-off and suggested his Democratic rivals were to blame. “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!” Trump wrote on...

www.yahoo.com

All we need now is Joe Biden in a dress.

 

[otto105]

the Fed hasn't done anything as of yet. If anything it is a reaction to the the Bureau of Labor Statistics jobs report, though I wouldn't categorize it as an "overreaction." Buy all you want, but unless you plan on holding over a long window, I wouldn't just yet. I doubt we are at the bottom.

Yeah, Wall Street is throwing a stock tantrum that the Fed speak wasn't more hawkish on a September rate cut. The jobs report just confirmed that.

 

[Harpy Eagle]

Remember we have had 3 1/2 years of high inflation, Biden's approval numbers have been mired below 40%, only 25% of Americans have been saying the country is going in the wrong direction, people can't afford anything anymore including groceries, foreclosures are up, evictions are up, auto loan delinquencies are up, personal credit card debt is at an all time high, food banks are being inundated, homelessness is up, and yet the left have been bragging about how great the economy is and how great the stock market is?

Well, now the economy and the stock market are both tanking and we may be headed for a recession. So, I ask the left, is everything still just going great?

The stock market sell-off is about more than weak economic data

The latest leg of the sell-off accelerated overnight as Japan's Nikkei 225 dropped more than 12% in its biggest-ever daily loss after a surprise interest rate hike from the Bank of Japan.

finance.yahoo.com

Trump reacts to global stock-market sell-off: ‘I told you so!!!’

Former President Trump on Sunday night appeared to gloat in response to the global market sell-off and suggested his Democratic rivals were to blame. “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!” Trump wrote on...

www.yahoo.com

You snowflakes need to take a few deep breaths.

None of the US markets are even down 3% right now.

 

[Harpy Eagle]

Just watch, if this sell-off lasts into next week the fed will do a emergency rate cut.

Too little, too late.

what are you willing to wager on that?

 

[1srelluc]

what are you willing to wager on that?

I must be a wizard.

Treasuries Surge as Traders Bet on Emergency Fed Rate Cut

(Bloomberg) -- Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head off a recession.Most Read from...

finance.yahoo.com

Don't bet against wizards.

 

[Rambunctious]

The Biden Harris recession is in full swing... just in time for the election...

 

[Rambunctious]

Results matter libs.... and the Biden Harris regime has none...

 

[otto105]

The Biden Harris recession is in full swing... just in time for the election...

Hilarious

And when the market snaps back where will we find you?

 

[Rambunctious]

Hilarious

And when the market snaps back where will we find you?

I pray it does bounce back... it does a lot of times... but we have a sluggish economy with a lackluster unemployment rate...
I don't find any of this hilarious dummy...

 

[otto105]

I pray it does bounce back... it does a lot of times... but we have a sluggish economy with a lackluster unemployment rate...
I don't find any of this hilarious dummy...

The unemployment rate is currently 4.3% and GDP last QTR 2.8%.

Hardly a sluggish economy.

 

[Rambunctious]

The unemployment rate is currently 4.3% and GDP last QTR 2.8%.

Hardly a sluggish economy.

Did you miss the last report?... I'm sure MSNBC hasn't reported it... you may want to pick up a newspaper...

 

[otto105]

Did you miss the last report?... I'm sure MSNBC hasn't reported it... you may want to pick up a newspaper...

What last report fuckup.

 

[task0778]

I don't trust the numbers we get from any gov't agency regarding the economy, and certainly not in an election year. What I do know is that since Biden took office my cost of living has gone up way more than my income. Food, rent, gas, etc. And I ain't happy that the current administration is more concerned with the fucking environment, student loans, illegals crossing the border, and the makeup of the Supreme Court than they are about me. Fuck 'em.