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The correct answer is D. Democrat socialism policies will bring down the stock market.
Of course they will. And before Democrats race in to say that stock markets have done better under Democrat presidents, that was BEFORE the party pivoted to hard-core leftist policies bordering on outright socialism. The new Democrats' goal is to destroy small businesses entirely and lower the income of big corporations, thereby reducing wages and hiring, while simultaneously expanding the welfare state to give government child support checks to virtually all families.
It will hit the fan as people's buying power dwindles with inflation, higher taxes, higher cost of living, higher gas prices. The products will sit in warehouses because all that stimulus money is spent and now the reality will hit that the economy will suffer under Biden.
Lack of buying power will make stocks plummet .
Biden has a huge bill of trillions and included in it is billions to take care of illegals, medicaid expansion, food stamps, housing, for millions coming over the border for the free stuff. The Americans will pay. Less buying power affects the stock market.
Biden is hiring tens of thousands more Internal Revenue staff to look at everyone's tax returns and going back 20 years to pick your pocket and look at your transactions in the banks... this is past communism. This is thievery of all Americans.
How does one know what the IRS says is true if one does not have 20 years of tax returns to go back and know what the IRS is charging any individual that they owe anything to the government. They could attach your paycheck or home to get paid. How is that making Americans better off?
As of close on Friday, the Dow Jones was 34,584.88, even with the downturn.
For 8 months, not too bad a gain.
Now, we must understand something. Mr. Trump, as President, obviously engaged in some market manipulation on behalf of his rich, country club friends. If you do not know what I am talking about, you do not pay attention. A President's remarks can have a great effect on the market.
All that free money Biden put out there .. fake economy on the backs of tax payers. That stimulus will run out and the reality will hit as Americans lose their buying power with higher taxes and inflation on everything they purchase.
Until the presnt inflationary spasm passes (and we could be in for a long wait) the market will drift downward. But for those of us who play the game for those who will come behind us; who remember the years 1966-1982; this is just another buying opportunity.
It's just another case of how long the "usual suspects" will louse things up before we come to our senses again.
It will hit the fan as people's buying power dwindles with inflation, higher taxes, higher cost of living, higher gas prices. The products will sit in warehouses because all that stimulus money is spent and now the reality will hit that the economy will suffer under Biden.
Lack of buying power will make stocks plummet .
Biden has a huge bill of trillions and included in it is billions to take care of illegals, medicaid expansion, food stamps, housing, for millions coming over the border for the free stuff. The Americans will pay. Less buying power affects the stock market.
Biden is hiring tens of thousands more Internal Revenue staff to look at everyone's tax returns and going back 20 years to pick your pocket and look at your transactions in the banks... this is past communism. This is thievery of all Americans.
How does one know what the IRS says is true if one does not have 20 years of tax returns to go back and know what the IRS is charging any individual that they owe anything to the government. They could attach your paycheck or home to get paid. How is that making Americans better off?
How is this possible? We were always told to keep up to 7 years of tax returns.
And you're right - it's outright thievery to take money from hard-working and successful Americans to the degree the Socialist Democrats want to and give it to illegals and people leeching off the government.
That is the most ridiculous thing I've ever heard. The absolute worst place to have your capital with high inflation is cash.
You're wrong. If interest rates creep up, and the stock market is heading down due to Biden's inflationary pressures, people will put their money will they are guaranteed a return, however modest.
And this is common knowledge. One of the ways the fed keeps the stock market propped up is by keeping the interest rates low. About a year ago they announced a small increase, and the next day the market dropped significantly. They backed off, seeing the results of a interest rate jump.
Until the presnt inflationary spasm passes (and we could be in for a long wait) the market will drift downward. But for those of us who play the game for those who will come behind us; who remember the years 1966-1982; this is just another buying opportunity.
It's just another case of how long the "usual suspects" will louse things up before we come to our senses again.
It depends on your time horizon. While that's true for young people, this will be tough going for the older crowd. They will not only see their retirement portfolios tumble, it will be on top of inflation. Consider the people paying their own way in senior care facilities: they will have to pay even MORE thanks to Biden, and the money they have to draw from will be even LESS, thanks again due to Biden. (I'm managing my elderly mother's money, and we've just moved half to cash.)
Of course, the people on government assistance won't have to worry. The govt will just keep increasing their benefits.
How is this possible? We were always told to keep up to 7 years of tax returns.
And you're right - it's outright thievery to take money from hard-working and successful Americans to the degree the Socialist Democrats want to and give it to illegals and people leeching off the government.
Actually they can go back as far as the want if they find anything.
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