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The stock market took a nosedive today five weeks after the President signed the biggest tax bill in many years. It happened because wages went up 2.9%. The wage report was unexpected and took the financial markets by surprise. Wage push inflation is just another way that inflation becomes a threat to the economy because it raises interest rates.
According to Bloomberg Markets only one of the twelve indicators that indicate a coming recession flashed positive for a recession. What this shows is the skittishness of the stock traders and mutual fund managers. They know that the market is going to go into a dive in the next 18 months because the market looks ahead six months. So it became obvious today that the market is on a hair trigger. We will be lucky on many levels if this is only a correction.
As far as the tax cut is concerned, everyone including the media never asked the question; what will happen to the deficit if there is a recession.
The stock market took a nosedive today five weeks after the President signed the biggest tax bill in many years. It happened because wages went up 2.9%. The wage report was unexpected and took the financial markets by surprise. Wage push inflation is just another way that inflation becomes a threat to the economy because it raises interest rates.
According to Bloomberg Markets only one of the twelve indicators that indicate a coming recession flashed positive for a recession. What this shows is the skittishness of the stock traders and mutual fund managers. They know that the market is going to go into a dive in the next 18 months because the market looks ahead six months. So it became obvious today that the market is on a hair trigger. We will be lucky on many levels if this is only a correction.
As far as the tax cut is concerned, everyone including the media never asked the question; what will happen to the deficit if there is a recession.
it happened because wall street is nervous about the fed raising interest rates
stock market is still way up for the last year.... and a correction is due
and EVERYBODY benefits from the tax cut
meanwhile liberals want to shutdown the government in support of illegal aliens.... go figure
As far as the tax cut is concerned, everyone including the media never asked the question; what will happen to the deficit if there is a recession.
It will explode. Thats why we should be paying things down right now instead of this insanity of adding to the debt. Because we need to spend during recessions.
The market has been in bubble territory for a long, long time. Trump's (Mnuchen) intemperate remarks about how wonderful a weak dollar was for the US started the crumble with a surge in t-bills. We shall see if it continues but a correction is inevitable if not an outright crash.
It will explode. Thats why we should be paying things down right now instead of this insanity of adding to the debt. Because we need to spend during recessions.
Inflation projections heating up, which will cause fed to raise rates more than investors prefer. That is the jitter. We are not yet atcirrection levels, though we could get there. Correction Probably would be beneficial in the long term. Which is the way anyone in the market long term should look at this.
As for national debt, 1.5T is a long, long way from Mr Obama’s ~10T.
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