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Biden's economic disasters are just gaining steam and we are on the brink of a recession, stock market collapse, real estate collapse, and personal debt crisis. With the price of gasoline (along with everything else) rising with no end in site, one wonders where this merry-go-round will end?
So any guesses about where the DOW bottoms out? This can be like "The Biden Limbo"- how low can Joe go?
One wonders as well how loyal his democrat supporters will be if and when their personal savings and retirements are wiped out? That will be a real test of loyalty- Will they still support Joe if his policies wipe them out financially? If so, that is a cult-like loyalty that transcends the whole supposed purpose and function of our elected "representatives". Who in thier right mind would support a representative who engineered policy that results in your economic demise?
Fact is the Fed pumped in over 8 trillion dollars into the stock market and they are now taking it out. The FED is tapering off billions and billions of dollars each month the FED has never pumped in so much money so I don't think it's going to wind up as a very strong market.
First you call this doom porn, and I'd have to completely agree with you there, this is doom porn.
And then you fault democrats for likely ignoring it?
I didn't fault them. I merely said Joey's defenders will ignore it, and you proved my wrong for once by responding. Nice work.
Quote:
Originally Posted by ClaraC
If the Dow falls to 100, freak, there won't be any market or economy left, to "immediately" to go 100K
hoo, boy
The free market would still exist. It never goes away. Governments try to suppress it from time to time but even they are no match for the invisible hand.
Status:
"I don't understand. But I don't care, so it works out."
(set 2 days ago)
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Quote:
Originally Posted by andywire
I didn't fault them. I merely said Joey's defenders will ignore it, and you proved my wrong for once by responding. Nice work.
The free market would still exist. It never goes away. Governments try to suppress it from time to time but even they are no match for the invisible hand.
Andy.
If the Dow falls to 100, it won't rise to 100K when another president takes office.
Can we please just agree on that?
Geez. The misinformation that's being passed on here, on this forum.
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