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DOW Down 900 Points

Market down now 928. Goldman Sacks just raised their recession expectation to 25%. Japanese market finished down 12%, the worst since the 80s.
 
ll74 said:
As I said, you and others have been claiming recession since Biden took office.

You've been wrong, so what's the possibility of continuing that trend?
Click to expand...
Show us some examples from 2020.
 
HisArpy said:
This is true only if you use a turnip to think with.

The rest of the world figured it out just fine.
Click to expand...
Why would I have examples from 2020 when is specifically mentioned "when Biden took office".....(Not to mention, this forum has a search feature..just search for recession)

As for your second statement - I blame 45 for his own statements....rarely for much else.
 
Actually, I don't like the guy but he does have a certain amount of acumen in calling the market. I understand how all of this can be confusing to you, especially after Joe, your spiritual avatar, just said he cured both the economy and the climate.
 
RobDownSouth said:
I didn't either. Looks like our pal Rightguide has turned on the gaslights this morning.

Also: "Dooooooooooom! Gloooooooooom!" and "Remember May 28th!"
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Biden is the bringer of doom. You were warned. Trump's only problem was Covid.
 
If the felon had handled the pandemic better it wouldn't have been so bad.

Unfortunately he was scared of the voting power of the poorly educated.
 

KAMALA CRASH: Harris’s Words Come Back to Haunt Her as Stock Market COLLAPSES Monday Following Disastrous Jobs Report – President Trump Responds​

by Cullen Linebarger Aug. 5, 2024 10:15 am

Kamala Harris’s words from roughly one year ago today are returning to haunt her as Wall Street is currently suffering an epic meltdown.

As The Gateway Pundit previously reported, Biden and Harris have overseen soaring levels of inflation that have depleted ordinary Americans’ savings and made everything more expensive since seizing power more than three years ago.

All of Wall Street’s main indexes crashed Monday morning, with both the Dow Jones plunging and the Nasdaq Composite cratering, plunging more than 1,000 points after the Opening Bell. This news follows last week’s disastrous jobs report, which showed a paltry 114,000 jobs were created and the unemployment rate rising to a three-year high.

This marks the worst day for stocks in almost two years. The market has lost nearly $2 trillion worth of value today alone.

More here: https://www.thegatewaypundit.com/2024/08/kamala-crash-harriss-words-come-back-haunt-her/

Biden/Harris the bringers of doom.
 
Rightguide said:

KAMALA CRASH: Harris’s Words Come Back to Haunt Her as Stock Market COLLAPSES Monday Following Disastrous Jobs Report – President Trump Responds​

by Cullen Linebarger Aug. 5, 2024 10:15 am

Kamala Harris’s words from roughly one year ago today are returning to haunt her as Wall Street is currently suffering an epic meltdown.

As The Gateway Pundit previously reported, Biden and Harris have overseen soaring levels of inflation that have depleted ordinary Americans’ savings and made everything more expensive since seizing power more than three years ago.

All of Wall Street’s main indexes crashed Monday morning, with both the Dow Jones plunging and the Nasdaq Composite cratering, plunging more than 1,000 points after the Opening Bell. This news follows last week’s disastrous jobs report, which showed a paltry 114,000 jobs were created and the unemployment rate rising to a three-year high.

This marks the worst day for stocks in almost two years. The market has lost nearly $2 trillion worth of value today alone.

More here: https://www.thegatewaypundit.com/2024/08/kamala-crash-harriss-words-come-back-haunt-her/

Biden/Harris the bringers of doom.
Click to expand...

114,000 jobs created and an unemployment rate that’s still below norms is “disastrous”? 😆

This is the gibberish you get from gateway pundit, RightGuide.

There’s no reason to have a fainting spell based on daily fluctuations of the stock market.
 
Rightguide said:
A simple search:

  • Reduced Business Investment: If businesses lack confidence in the administration’s economic policies, they may be hesitant to make significant investments in expansion, research, or new projects. This can slow down economic growth and innovation.
  • Increased Uncertainty: Uncertainty about future regulations, tax policies, or economic conditions can lead to cautious behavior from businesses. This caution can result in reduced hiring, lower spending on capital projects, and delayed business decisions.
  • Stock Market Reactions: Investor sentiment can be influenced by perceptions of the administration's policies. A lack of confidence can lead to volatility in the stock market, affecting wealth and potentially influencing consumer spending and business investment.
  • Regulatory Burdens: Some businesses may perceive increased regulatory requirements or new policies as burdensome, leading to increased operational costs and reduced profitability. This can affect their overall economic performance and decisions.
  • Tax Policy Concerns: Proposed or enacted changes in tax policy, such as increases in corporate taxes or changes in capital gains taxes, can impact business planning and financial strategies. Uncertainty around these issues can deter investment and affect business growth.
  • Labor Market Issues: Policies related to labor, such as minimum wage increases or changes in labor regulations, can also create uncertainty. Businesses may be concerned about how these policies will affect their operating costs and workforce management.
  • Energy and Environmental Policies: Policies focused on climate change and clean energy can affect industries reliant on fossil fuels or those involved in energy-intensive processes. Businesses in these sectors may worry about increased costs or regulatory impacts.
  • Stimulus Spending: The Biden administration’s substantial stimulus packages, including the American Rescue Plan, aimed to provide economic relief during the COVID-19 pandemic. Critics argue that these packages contributed to inflation by increasing the money supply and boosting consumer demand.
  • Infrastructure and Social Spending: The Bipartisan Infrastructure Law and the Build Back Better plan included significant investments in infrastructure, education, and social programs. Some argue that these spending increases have contributed to inflationary pressures and higher public debt.
  • Energy Policies: The administration's focus on transitioning to clean energy and reducing dependence on fossil fuels has led to changes in energy policy, including restrictions on new oil and gas leases. Critics argue that these policies have contributed to higher energy prices.
  • Regulations and Taxes: Increased regulatory measures and proposed tax increases on corporations and high-income individuals are seen by some as potentially affecting business investment and economic growth, although they are also aimed at addressing income inequality and funding public services.
  • Supply Chain Disruptions: While not solely attributable to the Biden administration, ongoing supply chain disruptions have been exacerbated by various policies and global conditions, impacting the availability and cost of goods.
  • Labor Market Policies: Changes in labor market policies, including increases in the minimum wage in certain areas and changes in unemployment benefits, are seen by some as having mixed effects on the labor market and overall economic activity.

Chew on that for a while. You might learn how to use a search engine too.
Click to expand...

🤣🤣🤣🤣🤣

So what’s the problem, reich?

Too much inflation or too little? Too much unemployment or not enough workers contributing to wage hikes?

The federal reserve has been boosting interest rates because the economy was too hot. They did it to curb inflation. Chew on that.

Are you really going to go on record saying increased drilling will lower energy prices for the consumer? 🤣


You don’t even know what you’re rooting for, you just want to make Democrats and America look as bad as possible so you can scare people into voting for the scare mongers.

The current success of the US is not your friend. Why do you hate America?
 
MajorRewrite said:
114,000 jobs created and an unemployment rate that’s still below norms is “disastrous”? 😆

This is the gibberish you get from gateway pundit, RightGuide.

There’s no reason to have a fainting spell based on daily fluctuations of the stock market.
Click to expand...

I stopped reading that article here “since seizing power”
 
AlexBailey said:
🤣🤣🤣🤣🤣

So what’s the problem, reich?

Too much inflation or too little? Too much unemployment or not enough workers contributing to wage hikes?

The federal reserve has been boosting interest rates because the economy was too hot. They did it to curb inflation. Chew on that.

Are you really going to go on record saying increased drilling will lower energy prices for the consumer? 🤣


You don’t even know what you’re rooting for, you just want to make Democrats and America look as bad as possible so you can scare people into voting for the scare mongers.

The current success of the US is not your friend. Why do you hate America?
Click to expand...
I don't hate America, The bones of generations of my forbearers are in the dirt. I hate our foreign and domestic enemies who are doing their level best to destroy our country.
 

Nearly $2 Trillion Wiped Out from Stock Market as Fears of Global Recession Spark Panic Among Investors — Warren Buffett Dumped Nearly Half of Apple Stake and Holds $277 Billion in Cash Reserve​

by Jim Hᴏft Aug. 5, 2024 11:00 am

The first Monday in August has arrived with panic sweeping through the finance sector, as nearly $2 trillion was wiped out of the S&P 500 at market open. Investor anxiety over a looming global recession triggered a selloff that sent U.S. stock futures plummeting and raised urgent questions about the Biden’s administration’s economic policies.

As trading began on August 5th, a staggering $1.93 trillion was wiped out from the S&P 500, with stock index futures taking a massive hit. S&P 500 futures fell more than 4.4%, while Dow futures were down 3%, translating to a loss of 1,212 points. The Nasdaq 100 futures fared even worse, plummeting over 5.2%, according to Watcher.guru.

In a striking move, investor Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter, according to CNBC.

Buffett’s recent actions have raised eyebrows across Wall Street; the 93-year-old investment titan has been on a massive selling spree, offloading over 75 billion** in equities during the second quarter alone. This aggressive liquidation has raised Berkshire’s cash reserves to an unprecedented **277 billion, an all-time high for the conglomerate. Notably, Buffett also began selling his second-largest holding, Bank of America, in July.

More here:https://www.thegatewaypundit.com/2024/08/economic-crisis-looms-2-trillion-wiped-stock-market/

Bidenomics at work.
 
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