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Did you actually read the article? The stock markets isnt tanking as you also stated (its down 195 point which is a normal trading day). Ex-US the world is in a recession and parts of it are experiencing negative interest rates which is the culprit for lower demand. The US economy is experiencing the best economy in modern history, thanks to Trump. If we had a Hillary in power we would be in decline right now.
During the election, the Right-wing keeps saying Clinton is for Wall Street. But now, she is suddenly bad for Wall Street.
Right-wingers, how about make up your mind which lie to go with and stick with it?
you are cheering evil. You are happy for failure. you are orgasmic over the collapse of the economy.
we can actually have an intelligent conversation about the health of the economy. (I don't think things are super wonderful by the way). but that isn't what this thread is about. This thread is about cheeing the collapse of the economy. that is a sickness. that is your side.
During the Bush years, I said to the right-wingers, "Look, instead of calling me all sorts of names and accusing me of not loving this country; all it takes to prove me wrong is for your wars to stabilize the Middle East, your tax cut to create jobs, and your voodoo mortgages to help the economy!" Of course, they continue to attack me for calling a spade a spade; the worse things got on the ground, the more attacks I got. They were basically accusing me and my fellow liberals of wanting this country to fail, whatever that means.
A similar thing happened with my team's fans - when my team drafted this overrated college power forward with a high lottery pick, I basically said he would be lucky to be a backup. All the zombie fraction of the fanbase called me all sorts of names. I told them the same thing: "Look, all it takes is for this player to play well and I'll admit I'm wrong." Guess what, he was a disappointment and was traded away in his rookie year. So now, instead of owning up to their baseless optimism, they attacked me - much the same way you are attacking other posters - I was accused of cheering for failure, rooting for the player to disappoint, etc. As if I somehow had the power to make him play poorly. As if I wanted him to fail.
All I did, and all other astute posters did, is to point out the obvious - if Trump do this then this will happen. No one is happily cheering for failure. That's just a childish accusation. It shows the person does not want to have an adult conversation and say, "Yup, you're right." I think it's shame and an inability to own up to mistakes that is the cause of said behavior.
And no, I don't think "an intelligent conversation about the health of the economy" is in any way, shape, or form possible with the kind of posts you make.
So, how’s Trump’s Trade War workin out for us?
I'll give you one small example of how his tariffs have hurt AMERICAN CONSUMERS. Yesterday at work a customer called and asked about one item we sell. It was $1899.00 in our computer, but none were available, so I called the manufacturer to see when I could get one for him.
The price is now $2299.00, and when I asked if it was a new model or why the price was increased so much, they said "Because of the tariffs, our cost has gone up that much, and we are passing it along !"
So there goes Trump's theory that these increases will be absorbed by the manufacturer or distributor, they are passed along to YOU AND ME. Thanks a lot , Trump !
I just saw the first honest headline of the year "Stock Market hasn't gone anywhere for almost two years"....that sure is a change from "record highs" and all the other usual BS (which means nothing...a "record high" might be 3% a year)....
So the Manufacturing index is now showing manufacturing in recession, and the non-Manufacturing (ie Services) index (released today) is just a bit above recession. Still growing mind you, but most definitely slowing downnnnnnnn. Unless something changes, it's a pretty good bet, the Trump recession is on the way,
"Services reading shows economy is weaker than expected amid slowdown fears
The services sector continued its expansion in September but at a considerably slower pace than expected, according to the ISM Non-Manufacturing Index released Thursday.
The closely watch measure came in at 52.6, compared to an expected reading of 55.3 from economists surveyed by Dow Jones. It was the weakest reading since August 2016.
Markets sold off sharply following the news, with the Dow Jones Industrial Average down more than 200 points after being only slightly lower earlier on...."
...one small example of how his tariffs have hurt AMERICAN CONSUMERS. Yesterday at work a customer called and asked about one item we sell. It was $1899.00 in our computer, but none were available, so I called the manufacturer to see when I could get one for him.
The price is now $2299.00, and when I asked if it was a new model or why the price was increased so much, they said "Because of the tariffs, our cost has gone up that much, and we are passing it along !"
So there goes Trump's theory that these increases will be absorbed by the manufacturer or distributor, they are passed along to YOU AND ME. Thanks a lot , Trump !
21% Price Increase due to the Tariff War. I bet the customer decided not the purchase the item due to the price increase.
C’mon t206, the performance of S&P and VTSMX is virtually identical over every time period - look it up. That’s my point.
I wasn't discussing performance. Just pointing out the difference between the make up of the indexs and ETFs in response to the original comment about the DJIA being "the market"
During the election, the Right-wing keeps saying Clinton is for Wall Street. But now, she is suddenly bad for Wall Street.
Right-wingers, how about make up your mind which lie to go with and stick with it?
.
In case you haven't noticed, Trump and his supporters can change a lie 180 degrees overnight, depending on the circumstances.
With the Ukraine issue, the lies will change every 12 hours to cause total confusion and bury the truth.
Same with the markets.
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