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Global equities’ worst-ever start to a year is deepening as oil continues its collapse and a slowdown in China weighs on sentiment. Japanese shares joined benchmark indexes in China and Europe in tumbling into a bear market today. West Texas Intermediate crude futures slumped below $28 a barrel.
About $2.2 trillion has been wiped off the value of U.S. stocks this year through yesterday, with the S&P 500 down 8 percent. And any rallies are getting shakier: nerves are weakening in a market where everything from China to oil and the Federal Reserve are proving capable of knocking equities down at any time. It’s a reversal of the optimism that underpinned the last three years of the bull market, when traders viewed bad news as transitory and used declines as opportunities to buy the dip.
The worse this gets, the less likely it is a Democrat will hold the White House this year. I dare you to check your 401K this week.
I think most people are better informed than you on this one, especially when your own link explains the reasons for market correction. Democrats do not control oil prices, or Chinese, Japanese and European markets.
I think most people are better informed than you on this one, especially when your own link explains the reasons for market correction. Democrats do not control oil prices, or Chinese, Japanese and European markets.
Yet Bush and the Republicans were blamed for what happened at the end of his second term. The same thing will happen to Obama and the Democrats, regardless of what the true reasons are for what's going on. That's a political reality, one you can't face when your guy is in charge.
That's because Bush actually did specific things that caused the economy to boom-and-bust.
If you want to blame Obama for what's happening with the Chinese stock market, be my guest.
Yes, we know. Anything bad in the stock market is because of bad but unnamed things Republicans did. When Democrats are in charge and things go south, it's always because of things out of their control.
Yet Bush and the Republicans were blamed for what happened at the end of his second term. The same thing will happen to Obama and the Democrats, regardless of what the true reasons are for what's going on. That's a political reality, one you can't face when your guy is in charge.
I think the main difference is the fact that 2008 economic disaster happened because of US policies, and the whole world paid the price, while this one is happening due to things beyond US control. As a matter of fact, at this time US is the only place which is not hurting as bad as other places around the globe.
As for Democrats hurting, or not, I do not care. I believe the next president will be Republican no matter how good the economy is. That's just they way it is historically, and given the candidates, especially Clinton.
Yet Bush and the Republicans were blamed for what happened at the end of his second term. The same thing will happen to Obama and the Democrats, regardless of what the true reasons are for what's going on. That's a political reality, one you can't face when your guy is in charge.
Just so long as you are willing to get on your knees and admit Obama was responsible for having the dow go from 8k to 18k you can blame him for it dropping to 16k.
Just so long as you are willing to get on your knees and admit Obama was responsible for having the dow go from 8k to 18k you can blame him for it dropping to 16k.
Actually, I don't believe Obama is responsible for the drop just like Bush wasn't responsible for the crash when he was President.
I'm consistent. Liberals, not so much.
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