DOW Down 900 Points

[AlexBailey]

Reichguide has left the chat

I’m expecting that if he does come back it will be with some Breitbart or ONAN articles.

I hope he does. If it’s fun to slap him around for spouting propaganda.

 

[DeluxAuto]

I’m expecting that if he does come back it will be with some Breitbart or ONAN articles.

I hope he does. If it’s fun to slap him around for spouting propaganda.

No doubt. He's the Deflection Queen of Lit.

 

[Rightguide]

So his policies directly led to the days performance. Does that also mean that he is responsible when the dow gains 900 pts in a day?

The grinding inflation and everything else wrong with the economy is on Joe Biden and the Rinos who helped him fuck it all up.

 

[ll74]

The grinding inflation and everything else wrong with the economy is on Joe Biden and the Rinos who helped him fuck it all up.

You didn't answer my question.

 

[LLCox]

Doooooooooooooooooooooom!
Gloooooooooooooooooooooom!

Until all of the sudden it becomes reality.

 

[Lazaran]

Until all of the sudden it becomes reality.

Predicting an economic downturn in America is like predicting a massive hurricane hitting the gulf or the east coast: Yeah, it’s going to happen - and REPUBLICAN policies INCREASE the likelihood and severity of BOTH.

 

[AlexBailey]

The grinding inflation and everything else wrong with the economy is on Joe Biden and the Rinos who helped him fuck it all up.

Lay it on us, meat head. What policy or policies of Biden’s fucked up the economy?

 

[AlexBailey]

John Stewart and Bill O’Rielly were talking about the state of the US economy.

Check it out in the video below from 11:00 - 12:00.

Unlike @Rightguide, Bill O’Reilly was at least partly honest about his answer for what Joe Biden did that may have caused the situation: “I don’t know.”

 

[Rightguide]

Unemployment up to 4.3%. Market down 767 as we speak. Crypto has taken a hit. Intel laying off 15,000 employees. Biden just said he cured the economy. Charley Gasparino is predicting a "Black Swan" recession amid the coming election period. Maybe this is why Harris has refused to have a press conference. Already some in the media are calling it the Kamala crash.

 

[ll74]

At least you're not histrionic

 

[RobDownSouth]

At least you're not histrionic

I see what you did there!

 

[AlexBailey]

Lay it on us, meat head. What policy or policies of Biden’s fucked up the economy?

@Rightguide

No comment?

 

[Rightguide]

At least you're not histrionic

I see what you did there!

If Trump was in office and all of this was happening both Rob and 74's ovaries would be hemorrhaging. <smirk>

 

[glamorilla]

gosh it looks like #kamalacrisis is going to go full blown kamalageddon.

i wonder what happened?

the economy was doing so well under her and joe's leadership.

 

[icanhelp1]

If Trump was in office and all of this was happening both Rob and 74's ovaries would be hemorrhaging. <smirk>

Can you say recession?

 

[Rightguide]

Lay it on us, meat head. What policy or policies of Biden’s fucked up the economy?

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.

 

[ll74]

If Trump was in office and all of this was happening both Rob and 74's ovaries would be hemorrhaging. <smirk>

This happened when Trump was in office.

I didn't make a thread freaking out about it and blaming Trump.

 

[ll74]

Can you say recession?

You've been saying for years now. Why stop now?

 

[Rightguide]

gosh it looks like #kamalacrisis is going to go full blown kamalageddon.

i wonder what happened?

the economy was doing so well under her and joe's leadership.

Now she seems to be scared shitless to hold a press conference. Maybe she's going to use the basement strategy that served Joe so well with the clueless.

 

[RobDownSouth]

Unemployment up to 4.3%. Market down 767 as we speak. Crypto has taken a hit. Intel laying off 15,000 employees. Biden just said he cured the economy. Charley Gasparino is predicting a "Black Swan" recession amid the coming election period. Maybe this is why Harris has refused to have a press conference. Already some in the media are calling it the Kamala crash.

Charley Gasparino?
THE Charley Gasparino?

Okay, I'll bite....who in the hell is Charley Gasparino?
Some Nobel Prize winner in economics?
Some clairvoyant market savant?
Hmmm.....better google the guy, because I've never heard of him, and Rightguide seems to think Gasparino is the last word on all things related to Murican business.
<Google-Fu deployed>

• hmm...journalism degree? Sketchy...
• Early investigator of 2008 Wall Street crash...not bad.
• Moved to WSJ and then Fox...typical wingnut career path
• ah here we go "pugnacious pundit Wall Street can't ignore"
• Goldman Sachs spokesperson whines "Charley Gasparino can move stock prices!" ooooh heavy hitter
• Routinely mocked for referring to himself as a "Pulitzer Nominee", this is a charade, as anyone can nominate anyone for any Pulitzer.
• Has never been a Pulitizer winner....or even made it to the announced Pulitzer finalists... wonder why? must be teh DEEP STATE!
• Ahhhhh here is what elevated this guy to the RightGuide Pantheon Of Heroes: "Achieved national notoriety in July 2024 for writing a New York Post editorial referring to Vice President Kamala Harris as a 'DEI hire' "

Heckuva job there, Charley. Heckuva job!

 

[glamorilla]

Now she seems to be scared shitless to hold a press conference. Maybe she's going to use the basement strategy that served Joe so well with the clueless.

she's lowering the bar for minorities everywhere. a low ceiling should feel like home.

 

[icanhelp1]

gosh it looks like #kamalacrisis is going to go full blown kamalageddon.

i wonder what happened?

the economy was doing so well under her and joe's leadership.

Kammy’s signature is all over the “GREAT INFLATION REDUCTION ACT” 891 billion in additional spending, her vote made it happen. Lucy gots lots of splaining to do! Recession with inflation back in the upswing, unemployment on the upswing, on the verge of war with a depleted SPR.

 

[RobDownSouth]

This happened when Trump was in office.

I didn't make a thread freaking out about it and blaming Trump.

I didn't either. Looks like our pal Rightguide has turned on the gaslights this morning.

Also: "Dooooooooooom! Gloooooooooom!" and "Remember May 28th!"

 

[glamorilla]

Kammy’s signature is all over the “GREAT INFLATION REDUCTION ACT” 891 billion in additional spending, her vote made it happen. Lucy gots lots of splaining to do! Recession with inflation back in the upswing, unemployment on the upswing, on the verge of war with a depleted SPR.

Is that the one that had like fifty million set aside for a "Nancy Pelosi National Park" in an effort to combat climate change?

I lose track.

 

[icanhelp1]

You've been saying for years now. Why stop now?

Just a current opinion, I hope I’m wrong.

https://www.cnbc.com/2024/08/05/rec...ule-and-why-is-everyone-talking-about-it.html

“Global stock markets are in the grip of a deepening rout, prompting investors to turn to one of the most historically accurate indicators to determine whether the U.S. economy is in recession.

The so-called “Sahm rule” has observed without fail that the initial phase of a recession has started when the three-month moving average of the U.S. unemployment rate is at least a half a percentage point higher than the 12-month low.

The time-tested indicator, which is widely recognized for its simplicity and ability to quickly reflect the onset of a recession, was named after economist Claudia Sahm when it was first introduced as part of a policy proposal in 2019.

A weaker-than-expected July jobs report on Friday officially triggered the Sahm rule. The data led investors to worry that the Federal Reserve may be behind the curve in cutting interest rates to fend off a recession.”

The stock market sell off could be just a correction from its highs!