Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The Dow Jones Industrial Average gave up a nearly 400-point gain and slid deeper into a bear market after its lowest closing level in nearly two years.
The Dow was down 172 points, or 0.6%, despite climbing more than 300 points earlier in the session as the 2-year Treasury yield pared back its losses. The S&P 500 lost 19 points, or 0.55%, and the Nasdaq Composite dropped 0.28%.
Biden is letting the Fed fight inflation. Equities are falling in direct relation to Fed interest rate hikes.
Perhaps you would prefer UK policies. UK has also suffered from massive inflation. While their central bank has also raised interest rates, their government just passed stimulus payments and tax cuts for the rich. This counterproductive move will ensure the government takes on more debt, depreciating their currency and achieve nothing, not even reducing inflation while risking recession. The British pound has fallen so much, it's almost achieved parity with the dollar.
Earlier today during that very brief “rally,” I noted some of the articles about how “this was defying signs of a recession” - because you know, our media feels the need to prop up any Democrat.
Earlier today during that very brief “rally,” I noted some of the articles about how “this was defying signs of a recession” - because you know, our media feels the need to prop up any Democrat.
Yep, even CNBC was doing so for an hour or so.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
