So If The Economy Is So Strong, Then Why Did The Stock Market Plunge Over 300 Points? Oops.

[JakeStarkey]

According to one FR head (St. Louis),
"U.S. crude futureshave fallen nearly 17 percent this year and briefly dipped below $30 a barrel earlier this week. Bullard also said it could take longer than expected for the oil market to stabilize, but added that low prices are a "net positive" for the economy."
Bullard: Oil drop has implications for Fed action

 

[Hedgology]

An' how come we in such deep debt?

because Obama borrowed 5 trillion dollars to buy 65 million votes in 2012

Oh really dummy? I thought he borrowed it to prop up Wall St investors and the failing banks that were too big to fail. You don't seem to know much of anything about anything.....why do you bother posting?

It's not, just like when it was at record highs it wasn't due to Obama.

The record highs are definitely due to President Obama (praise be unto Him!) policies, which saved the American economy and restored confidence in the stock market.

This is not in dispute.

Not unless Obama suddenly became the architect of monetary policy, no stock market highs cannot be attributed to him.

Considering the Top 10% of Americans owns 80% of stocks and bonds, I'm not sure you'd want to be praising that.

 

[NYcarbineer]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

You're against cheap oil? That is so you.

 

[Hedgology]

Will you be educating us or scampering away like you always do?

Now, Gassy....you've been running from me all day....Market action has been, as someone already pointed out, a response to the crisis in China.....my guess is that some have taken the opportunity to harvest part of the obscene gains from the past several years.....

What are your theories?

Let's see. So Chinese exports are way down. And China's largest market is? Could it be the US? Could a looming recession in the US account for lower sales of Chinese goods here?
Wow, if only someone knew about economics. If only.

Could a looming recession in the US

Now that's truly hysterical.

You dont think we are entering a recession? You are a fool.

Yeah, we're definitely entering a recession..
Obama’s Numbers (January 2016 Update)

There is a technical definition and a fundamental definition of a recession. The technical definition would entails the economy would need to experience two straight quarters of negative GDP growth; however, the NBER (the arbiter of economic facts) defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."

There are many indicators which suggest that the economy is still experiencing a recession: real median wages has declined, average hourly earnings are stagnant, industrial production is falling, retail sales refuse to pick up, corporate profits falling, etc.

This is not to say that we haven't had any economic growth, we have. However, our growth was barely enough to erase any of the damage the economy ha experienced in he last recession. This is why economist such as Paul Krugman has suggested that we've moved far past a recession and emerged into a full-blown depression.

 

[OnePercenter]

It's as real as anything you've posted, including your "masters in business from Columbia."

And yet you can't refute any of my posts.

 

[Faun]

So you believe the national debt was only $9T when Obama became president??

Yup, you'll swallow any bullshit, no matter how blatant.

Without even checking the other numbers, i assume they are equally bogus.

 

[OnePercenter]

And oil industries make far less.

Don't worry about oil/gasoline. In the early 2000's when gasoline was $1.00/gal they still made double-digit billions in net. It will be more today since Bush allowed them to squeeze out their franchisee's.

Coal mines are shutting down and companies going bankrupt.

Natural gas prices are the cause of that.

Lots of bank loans to companies drilling in shale that will get written off.

No more than fines paid by Chase and Citi Bank in the last seven years for screwing consumers.

 

[OnePercenter]

Your plan is on a par with everything else you post.

Thank You!

How would taxing corporations t 30% of revenue help anyone?

By reducing ALL taxes/fees and employee costs to 30% of revenue, which would be a 20% to 30% drop.

 

[OnePercenter]

We are probably going to go into recession, almost has to happen just by virtue of our energy and export sector. Those not aware or willing to admit this are off the reservation. The odds of this are extremely high this year because of China and Europe. Closer to 7 in 10 than 50-50. The only real debate is in how deep, or long it is.

Left has to hold up the "peaches and cream" scenario, because they know exactly what it means to the general election should it come to pass. The deeper it is, the more it affects the election, because the more weight the republicans side talking points become relevant.

I believe that Obama MIGHT be able to prop up the economy long enough, but if the Democrats think after watching his past performance he will do it, I have some swampland in Florida I will sell you. Why? Because to do so, he must go against everything he has been preaching for 7 years, and you know what, that plays into the Republican narrative too! TRANSLATION-----> If he knows this will help the economy; going against his own policies, then he knows his past policies have hurt the American economy!

A real catch 22 for his administration, wouldn't you say!

If you don't want a recession, put Americans back to work and recover the middle class spending. My plan would do that.

 

[OnePercenter]

Sure, ima, sure.

And no one is noticing that the market is up 200 points and oil is up today.

If the fall is Obama's fault, then the improvement is to his credit.

The far right reactionary mentoids are fun to tease.

Like I said.....profit taking.

 

[JakeStarkey]

$226 and rising.

 

[billyerock1991]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

well you are dumb ... the Chinese have been shoring up their market for some time now ... the us has been complaining to the the Chinese to stop shoring up their market ... the market dropping is caused by the people who are panicking ... they got screw twice under bush and they are a little gun shy, so to speak ... so they've pull out from fear of losing it again ... the fact that you can't grasp that reason, tells us all here you haven't a clue what you're talking about ... first your types complain about oil being way to high ... now that we have forced the car companies and any company that deals with energy use products to be more efficient, you guys complain its now too low ... are you idiots every happy???,

 

[billyerock1991]

take a look

 

[SassyIrishLass]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

well you are dumb ... the Chinese have been shoring up their market for some time now ... the us has been complaining to the the Chinese to stop shoring up their market ... the market dropping is caused by the people who are panicking ... they got screw twice under bush and they are a little gun shy, so to speak ... so they've pull out from fear of losing it again ... the fact that you can't grasp that reason, tells us all here you haven't a clue what you're talking about ... first your types complain about oil being way to high ... now that we have forced the car companies and any company that deals with energy use products to be more efficient, you guys complain its now too low ... are you idiots every happy???,

LOL You're clueless

 

[billyerock1991]

So you believe the national debt was only $9T when Obama became president??

Yup, you'll swallow any bullshit, no matter how blatant.

Without even checking the other numbers, i assume they are equally bogus.

yep you are stupid ...we get it ... the fact that you can't grasp why it happen is showing us your stupidity ...we get it ...you're a republican ...short on brains and easy to be persuaded

 

[Faun]

So you believe the national debt was only $9T when Obama became president??

Yup, you'll swallow any bullshit, no matter how blatant.

Without even checking the other numbers, i assume they are equally bogus.

yep you are stupid ...we get it ... the fact that you can't grasp why it happen is showing us your stupidity ...we get it ...you're a republican ...short on brains and easy to be persuaded

The numbers are complete bullshit. I'd appreciate it if you'd fix your post and direct that to the moron who posted them here -- SassyIrishLass

 

[billyerock1991]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

well you are dumb ... the Chinese have been shoring up their market for some time now ... the us has been complaining to the the Chinese to stop shoring up their market ... the market dropping is caused by the people who are panicking ... they got screw twice under bush and they are a little gun shy, so to speak ... so they've pull out from fear of losing it again ... the fact that you can't grasp that reason, tells us all here you haven't a clue what you're talking about ... first your types complain about oil being way to high ... now that we have forced the car companies and any company that deals with energy use products to be more efficient, you guys complain its now too low ... are you idiots every happy???,

LOL You're clueless

its obvious you are the clueless one ... the market as dropped ... the fact that the market is strong they can take a hit and bounce back ... its not like 2008 when the marked took a huge shit and we nearly lost everything ... thanks to the democrats and obamas it turned that republican mess around ... its like the day before you republicans were ranting about the Iraqis capturing those soldiers ... all the brew ha and we dems shot that in the but real fast still you republicans ragged about them gettint their pictures took ... its like you're a big bunch of whiners

 

[billyerock1991]

So you believe the national debt was only $9T when Obama became president??

Yup, you'll swallow any bullshit, no matter how blatant.

Without even checking the other numbers, i assume they are equally bogus.

yep you are stupid ...we get it ... the fact that you can't grasp why it happen is showing us your stupidity ...we get it ...you're a republican ...short on brains and easy to be persuaded

The numbers are complete bullshit. I'd appreciate it if you'd fix your post and direct that to the moron who posted them here -- SassyIrishLass

can't handle the truth ... we get it ... deal!!!!

 

[SassyIrishLass]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

well you are dumb ... the Chinese have been shoring up their market for some time now ... the us has been complaining to the the Chinese to stop shoring up their market ... the market dropping is caused by the people who are panicking ... they got screw twice under bush and they are a little gun shy, so to speak ... so they've pull out from fear of losing it again ... the fact that you can't grasp that reason, tells us all here you haven't a clue what you're talking about ... first your types complain about oil being way to high ... now that we have forced the car companies and any company that deals with energy use products to be more efficient, you guys complain its now too low ... are you idiots every happy???,

LOL You're clueless

its obvious you are the clueless one ... the market as dropped ... the fact that the market is strong they can take a hit and bounce back ... its not like 2008 when the marked took a huge shit and we nearly lost everything ... thanks to the democrats and obamas it turned that republican mess around ... its like the day before you republicans were ranting about the Iraqis capturing those soldiers ... all the brew ha and we dems shot that in the but real fast still you republicans ragged about them gettint their pictures took ... its like you're a big bunch of whiners

I'm not apt to take market advice from you toad. How many funds have you managed in your finance career? LMAO

 

[Faun]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

well you are dumb ... the Chinese have been shoring up their market for some time now ... the us has been complaining to the the Chinese to stop shoring up their market ... the market dropping is caused by the people who are panicking ... they got screw twice under bush and they are a little gun shy, so to speak ... so they've pull out from fear of losing it again ... the fact that you can't grasp that reason, tells us all here you haven't a clue what you're talking about ... first your types complain about oil being way to high ... now that we have forced the car companies and any company that deals with energy use products to be more efficient, you guys complain its now too low ... are you idiots every happy???,

LOL You're clueless

its obvious you are the clueless one ... the market as dropped ... the fact that the market is strong they can take a hit and bounce back ... its not like 2008 when the marked took a huge shit and we nearly lost everything ... thanks to the democrats and obamas it turned that republican mess around ... its like the day before you republicans were ranting about the Iraqis capturing those soldiers ... all the brew ha and we dems shot that in the but real fast still you republicans ragged about them gettint their pictures took ... its like you're a big bunch of whiners

Today, the market has recovered much of what it lost yesterday. Rightards think you can determine the economy by a single day on the stock market.