BuckToothMoron
Gold Member
- Apr 3, 2016
- 9,895
- 1,898
- 290
When the markets open today, will the slide continue? If it does, this could be the start of an economic disaster. I am nervous about it. Overseas markets had wild swings. Will the NYSE?
Republicans in Congress are really sweating this.
Trump's running up the debt because he thinks he will be out of office when those chickens come to roost.
A another 800 point drop will swing more Senators to the Impeachment train or to start passing legislation to quell the Trump disaster. Like a bill to end Trump's tariffs. A silent Senate will become a Democrat Senate when the Democrat candidate wins in a land slide in 2020 with huge coattails.
Today might be that turning point.
The stock market has benefitted from QE and ZIRP policy from the Fed for the last half dozen years. Now that we have QT and the Fed is trying to normalize rates, money is flowing out of the market. We have had a 10 plus year bull market. Now we have an overdue bear market. All of this has little to do with politics. And Republican Senators are not going to convict Trump DumbDave. Find something else to have a wet dream about.