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So much for the opinion of one who stated selling off on Friday morning was guaranteed to be followed up with a green finish at end of day. Never listen to someone who knows nothing about investing and states every bit of bad economic activity is a good thing. One someone states high fuel prices, high food costs and increasing defaults are good, you know to just tell them to talk to the hand.
Stocks dropped sharply on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low.
We now have a new ugly weekly losing streak established. Hopefully it will not be a long one, but most economic indicators coming out now are worsening rather than improving.
The dark cloud of Democrat failurenomics is upon us and a hurricane is brewing.
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"I don't understand. But I don't care, so it works out."
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Quote:
Originally Posted by Stephan A Smith
So much for the opinion of one who stated selling off on Friday morning was guaranteed to be followed up with a green finish at end of day. Never listen to someone who knows nothing about investing and states every bit of bad economic activity is a good thing. One someone states high fuel prices, high food costs and increasing defaults are good, you know to just tell them to talk to the hand.
Stocks dropped sharply on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low.
We now have a new ugly weekly losing streak established. Hopefully it will not be a long one, but most economic indicators coming out now are worsening rather than improving.
The dark cloud of Democrat failurenomics is upon us and a hurricane is brewing.
I don't recall seeing that posted, but I may have missed a few.
............................ and we are in the very, very early stages of this market meltdown.
Presumably the Fed is going to raise interest rates .75% at next meeting, the first time since 1994. Interest rates will continue to rise, as it is the ONLY thing left the Fed has in its arsenal.
In addition, we have QUANTITATIVE TIGHTENING which is beginning in July. The Fed acquired an additional $9 trillion in bonds for its balance sheet from 2009-2022. Now they are unwinding those positions, with plans to reduced their exposure by $1 trillion per year. We have never seen a tightening of this magnitude.
Both QT and rising interest rates will speed the nation toward a deeper recession, which will be required to tame inflation. The stock market has a long, long way to go down further. We will have "relief rallies" along the way for those who want to exit, by the prevailing economic winds are against stocks now..
This is going to be one painful financial lesson for anyone who votes democrat or supports liberal policies. If you are driven by on demand abortion, CRT, high crime, open borders, tranny indoctrination, and "global warming", you will have to pay the price by being impoverished by liberal policies. Virtue signaling is not as much fun when you have to eat stale cheese whiz instead of caviar and ripple instead of champagne.
The price of liberalism is individual poverty and economic deprivation. All the BS liberal issues are not worth a dime, let alone the savings of a generation.
Last edited by Stephan A Smith; 06-14-2022 at 02:03 PM..
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