The Dow takes a dump....Down -900+ On Jobs report

[JohnDB]

Japan's economy has tanked....they have been selling US Government co.mercial paper like it's too hot to handle for the cash needed to prop up their banks.

The US Government is going to do the same soon enough if the US banks can't get themselves sorted very soon.

The EU is also in trouble with bad Nation debt. (Greece is only the tip of the iceburg)
Then there are all the Chinese Banks which became nationalized in Hong Kong and soon Taiwan.
(Because all these nations followed America's actions)

Venezuela is in crap shape as well as Brazil. Africa can't seem to grow and sell chocolate these days....can Columbia or Brazil still keep growing Coffee....Vietnam has been having issues growing it.

Yes, there's a global recession kicked down the road and fueled by "stimulus plans" involving liquidity through debt.

 

[Zincwarrior]

Yes stocks down 2% on lower than expected job growth. Looks like we have finally landed with inflation at normal levels. Fed is expected to begin raising rates at the next meeting.

I imagein it will fall some more Monday / Tuesday, then rebound to a net positive of say 200 by Friday EOB.

 

[Cellblock2429]

Market is up 11.7% this year

Thanks Joe Biden!

/—-/ True, but don’t tell Harpy Parrot. He is blaming Republicans.

 

[Natural Citizen]

Relevant reading...

Republican Platform Ignores Real Causes of Inflation

But, hey...Kamala ain't black.

So they'll run on that, I suppose. Ha...

 

[Harpy Eagle]

When the constituency knows more about sports and pop culture, it's easy to understand why low-information voters would take it as truth without context. Mindless little sheep.

 

[Harpy Eagle]

/—-/ True, but don’t tell Harpy Parrot. He is blaming Republicans.

I am?

Can you link to that? Or would you just like to admit you lied and get it over with?

Unlike you, I understand that the Govt has very little control over the markets.

 

[Harpy Eagle]

Yes stocks down 2% on lower than expected job growth. Looks like we have finally landed with inflation at normal levels. Fed is expected to begin raising rates at the next meeting.

I imagein it will fall some more Monday / Tuesday, then rebound to a net positive of say 200 by Friday EOB.

The biggest concern right now is did they wait too long to start lowering them

 

[Harpy Eagle]

Relevant reading...

Republican Platform Ignores Real Causes of Inflation

But, hey...Kamala ain't black.

So they'll run on that, I suppose. Ha...

seems to be all they have.

 

[Zincwarrior]

The biggest concern right now is did they wait too long to start lowering them

Yes. That is the concern. The Reagan admin had to drop us into a very hard recession to get inflation down. Fortunately inflation was not as bad this time, and the global factors causing it were generally nonrecurring.

 

[Natural Citizen]

seems to be all they have.

I just think it's laughable that either so called side claims to have the moral high ground when they're both equally as complicit in fostering the reason why things are the way that they are.

 

[sealybobo]

What, more projection from a leftist?....Color me not surprised....The Biden/Harris economy is the one shitting the bed today, not a trump economy.

LOL....Remind me never to look to you for economic advice.

The only thing wrong with the economy, Trump caused.

Ron DeSantis and Chris Christie "He owes it to you to defend his record where they added $7.8 trillion to the debt that set the stage for the inflation that we have." At the first Republican presidential primary debate

And Bill Maher
The country’s current “inflationary spiral” can also be traced back to COVID-19, Maher said, describing the trillions of dollars the government issued throughout the pandemic. This, he noted, should not be pinned on President Joe Biden, but his predecessor, former President Donald Trump.

“We’re going to bring back Trump?” he asked. “The guy who ignored COVID like it was the dinner check? Talk about not learning anything.”

 

[Lisa558]

When the constituency knows more about sports and pop culture, it's easy to understand why low-information voters would take it as truth without context. Mindless little sheep.

The anti-Trump propaganda from the media is EVERYWHERE. Even as I’m typing on this forum, I get pop-ups from Apple about some other awful thing Trump did.

The Democrat-enslaved media is working 24/7 to brainwash Americans into thinking Trump is a evil person while Kamala, the airhead who got to where she is due to female blackness, is a cross between Joan of Arc and Madame Curie.

 

[1srelluc]

The only thing wrong with the economy, Trump caused.

Ron DeSantis and Chris Christie "He owes it to you to defend his record where they added $7.8 trillion to the debt that set the stage for the inflation that we have." At the first Republican presidential primary debate

And Bill Maher
The country’s current “inflationary spiral” can also be traced back to COVID-19, Maher said, describing the trillions of dollars the government issued throughout the pandemic. This, he noted, should not be pinned on President Joe Biden, but his predecessor, former President Donald Trump.

“We’re going to bring back Trump?” he asked. “The guy who ignored COVID like it was the dinner check? Talk about not learning anything.”

Damn man, leave some Kool-Aid for the other leftists.

 

[marvin martian]

Market is up 11.7% this year

Thanks Joe Biden!

The Trump bump.

 

[KissMy]

55% of Trump's economy was Government Spending!

Trump blames strong dollar for U.S. economy ‘going to hell’

"Trump says the dollar is too strong"

"Trump want's a weaker US dollar"

"JD Vance want's a weaker US dollar"

Kiss your savings & pension goodbye and enjoy massive inflation!

Destroying the US dollar is & has been the only goal of Republicans. The US Dollar is like Government bonds that's value is based on the full faith & credit of the US Government.

100% of Republican law makers signed Norquist no tax pledge to "shrink government and drown it" in debt. They never signed a pledge to shrink spending, they actually increase spending to explode debt to destroy government credit & US Dollar! Then they undermined our faith in the voting system & attacked the US Capitol to finish the job.

Republicans are the money printers, deficit inflation exploding & big spenders! Republican Nixon took the US Dollar off the Gold standard in 1971. Trump printed 5 times more than all presidents in history COMBINED! Republicans #1 Goal is to Print, Print, Print & Spend, Spend, Spend!!!

Democrats pay for spending with taxes & spending cuts that prevents deficits & inflation. Without those spending cuts, the tax cuts only increase deficit, money printing, interest on debt & inflation taxation forever.

Treasury Secretary Paul O’Neill tried to warn Republican Vice President Dick Cheney that his plan to explode budget deficits posed a threat to the economy. Cheney cut him off. “You know, Paul, Reagan proved deficits don’t matter,”...“We won the midterms. This is our due.” A month later, Cheney told the Treasury secretary he was fired.

Reagan Republicans Bush & Trump caused our Debt problems!!!

 

[marvin martian]

The only thing wrong with the economy, Trump caused.

Ron DeSantis and Chris Christie "He owes it to you to defend his record where they added $7.8 trillion to the debt that set the stage for the inflation that we have." At the first Republican presidential primary debate

And Bill Maher
The country’s current “inflationary spiral” can also be traced back to COVID-19, Maher said, describing the trillions of dollars the government issued throughout the pandemic. This, he noted, should not be pinned on President Joe Biden, but his predecessor, former President Donald Trump.

“We’re going to bring back Trump?” he asked. “The guy who ignored COVID like it was the dinner check? Talk about not learning anything.”

Please do the world the favor it needs. Today.

 

[1srelluc]

Due to some bargain hunting in the last minutes it "only" closed down 610 points.

Thanks Biden/Harris.

 

[sealybobo]

Damn man, leave some Kool-Aid for the other leftists.

So I'm wrong, 2 Republicans who at the time weren't drinking Trump's coolaid are wrong and Bill Maher are all wrong.

So Trump didn't add what Ron said he added to the debt? And the stimulus' didn't start with Trump insisting his name be on the checks? Okay, weirdo

 

[Cellblock2429]

The only thing wrong with the economy, Trump caused.

Ron DeSantis and Chris Christie "He owes it to you to defend his record where they added $7.8 trillion to the debt that set the stage for the inflation that we have." At the first Republican presidential primary debate

And Bill Maher
The country’s current “inflationary spiral” can also be traced back to COVID-19, Maher said, describing the trillions of dollars the government issued throughout the pandemic. This, he noted, should not be pinned on President Joe Biden, but his predecessor, former President Donald Trump.

“We’re going to bring back Trump?” he asked. “The guy who ignored COVID like it was the dinner check? Talk about not learning anything.”

/----/ Only Congress can spend the money. The president can only make recommendations.
Are you new to Civics?

 

[sealybobo]

/----/ Only Congress can spend the money. The president can only make recommendations.
Are you new to Civics?

So Carter didn't suck it was the Speaker and Senate Majority leader? It wasn't Reagan who rocked it was his Congress? Bush didn't suck it was his Congress? Bill sucked it was all Newt? Bush didn't lie us into Iraq and squander Clinton's surplus with tax breaks?

Trump didn't pay historic tax breaks we can't afford?

Biden passed a great infrastructure bill. You are right. The Republicans need to make Amazon pay their fair share of taxes. They tear up our roads the most.