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Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
Isabella
Registered User
User ID: 421592
12-22-2018 11:20 PM

Posts: 16,383




Post: #31
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
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He Man  Wrote: (12-22-2018 08:10 PM)
It took Bush43/Cheney about five years to start the Great Bush Recession with trickle down tax cuts for the most wealthy, and huge military spending on off the books wars.

Trump is ruining the economy much faster with even larger tax cuts to the top 1% billionaire class and even larger military spending and now his stupid trade wars and chaotic white house in shambles. Scream1

Dow Jones Index Takes Biggest Dive Since 2008 Financial Crash
A possible government shutdown is one of many factors driving down the stock market.

"Ahead of a looming government shutdown, the Dow-Jones Industrial Average experienced its worst week since the 2008 global financial crisis as stocks continued to plummet on Friday.

The Dow ― which indicates the value of Apple, Microsoft and more than two dozen other companies ― dropped 6.8 percent by week’s end, marking the index’s biggest percentage drop since the height of the financial crash in October 2008.

The Dow wasn’t the only index that took a hit this week as President Donald Trump squabbled with Congress over securing funding for his long-promised border wall. The S&P 500 dropped 7 percent and the Nasdaq dropped 8.3.

Those major indexes are now 16 to 26 percent below the peaks they reached over the summer and fall. It’s unlikely they will be able to make significant gains in the final days of December, as trading typically slows during the winter holidays.

Aside from the border wall debate triggering shutdown fears, other ongoing factors affecting the market include “tighter U.S. monetary policy, flagging global growth and uncertainty surrounding U.S.-China trade relations,” MarketWatch reported.

Financial experts warn that the U.S. could be heading toward another recession, CNBC reported Friday, as it saw following the 2008 crash.
"

https://www.huffingtonpost.com/entry/dow...7e907af14e

Interest rate hikes slow the economy. So why did the Fed just announce one?
By Timothy B. [email protected] Dec 14, 2016, 2:01pm EST



"The Federal Reserve has raised short-term interest rates, doing so for only the second time since the 2008 financial crisis. The move reflects the Fed’s growing confidence that the economy is on a sustainable growth footing — and its judgment that inflation is becoming a bigger danger to the US economy than sluggish growth or another recession.

A central bank like the Fed faces a basic trade-off between economic growth and inflation. When the Fed cuts interest rates — or keeps them low — more cash flows into the economy and business tends to boom. That’s good up to a point, but if the Fed provides too much stimulus, it can lead to high inflation. The Fed made that mistake in the 1970s, when inflation reached double-digit levels.

Conversely, when the Fed raises interest rates — as it did today — less cash flows into the economy. That can lead to slower economic growth, with fewer jobs created and slower wage growth.

The Fed decided to raise interest rates today despite the fact that its preferred measure of inflation came in at 1.7 percent over the past year — below its 2 percent target.

Normally, if inflation is too low, the remedy would be to cut rates, not raise them. So why did the Fed decide higher rates were in order?

The Fed is concerned that inflationary pressures can build up over time, and that there can be a lag between Fed decisions and the resulting impact on inflation. In other words, it’s worried that if it were to keep interest rates low for the next few months, it might find itself with surging inflation in 2018 — and be forced to raise rates more drastically to deal with the problem. That, in turn, could trigger a recession.


So the Fed is hoping that slowly and gradually raising rates — it did its first post-recession interest rate hike a year ago — will strike a careful balance between the twin dangers of inflation and recession.

The potential downside here is that a premature rate hike could prevent the economy from enjoying a robust economic boom. By some measures, the current economic recovery has been the weakest in decades, and some economists wonder if easier monetary policy could deliver a more robust economic expansion. But so far, that argument doesn’t seem to have changed the minds of Fed decision-makers."

https://www.vox.com/new-money/2016/12/14...-rate-hike

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LoP Guest
lop guest
User ID: 473828
12-22-2018 11:28 PM

 




Post: #32
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
DOW Jones will shave more points off at least on Monday because futures closed higher than DOW did and that has been the pattern since the crash started October 10th. Futures closed -590 and DOW closed -414.

Now in terms of who is at fault for the markets crashing, I think you are all intelligent enough to know who is behind it all. POTUSes no matter who is in office are merely clowns to perform. PERIOD.
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Pappy
Registered User
User ID: 472328
12-22-2018 11:39 PM

Posts: 92




Post: #33
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
Archangel  Wrote: (12-22-2018 10:31 PM)
CLOSE THE FED, and we'll have a start on improving America.

The Federal Reserve is a private corporation that siphons BILLIONS of DOLLAR PER DAY out of America.

We have the US Treasury, which was given the job of creating and printing the money needed to meet American needs. They can control how much money is in circulation better than a bunch of FOREIGN bankers who will not even tell Congress who they give our American taxpayers dollars to.

Dollars we are paying interest on.

^this 100%...
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He Man
Another day in paradise
User ID: 426524
12-23-2018 12:59 AM

Posts: 23,466




Post: #34
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
One year on, GOP tax bill is the gift that keeps on taking
A windfall for coal barons, a lump of coal in the stockings of American workers.

"In 2018, Republican lawmakers gave the American people a government shutdown for Christmas, sending roughly 800,000 federal employees home for the holidays without a paycheck. And one year ago today, workers unwrapped a tax bill that gifted the country’s millionaires and billionaires even more money.

At the time, Republicans assured the country that their bill would benefit all American workers in the long-term, leading to wage increases, larger bonuses, and a thriving economy that would lift everyone’s financial fortunes. Spoiler! Not so much.

Let’s start with the stock market, Donald Trump’s favorite economic indicator. On December 22, 2017, the Dow Jones Industrial Average closed at 24,782.29. On Friday, the final full day of trading before the Christmas recess, the DJIA closed at 22,445.37.

Friday’s performance on Wall Street — a decline of more than 400 points on the Dow — capped off the worst trading week in a decade. The last time the stock market fell by more than seven percent in a single week came during the height of the Great Recession in 2008.

With just four full trading days remaining in 2018, it is virtually assured that the stock market will close the year lower than where it began.

For many Americans though, the stock market has little direct bearing on their own financial health. So how about those bonuses workers were promised by Republicans after passage of their tax bill?

In the immediate aftermath of its signing, Republicans leapt to put out self-congratulatory press releases every time a major corporation announced it would be rewarding their employees with bonuses. Take AT&T for example. The company publicly announced a one-time $1,000 bonus for roughly 200,000 of its employees, tying it directly to the windfall it received from the tax bill. But as the union representing many of the company’s employees pointed out, that $1,000 was a far cry from the $4,000 it requested in salary increases that Republicans promised for the average American worker.

Other major corporations that offered their workers one-time bonuses very quickly reneged on their generosity by announcing layoffs weeks or sometimes even days later.

A full year later, what did the average American worker get in tax bill-funded bonuses? According to federal data released this month, they got 2 cents."


MORE:
https://thinkprogress.org/gop-tax-bill-o...0ab7f0fe3/

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(This post was last modified: 12-23-2018 12:59 AM by He Man.) Quote this message in a reply
LoP Guest
lop guest
User ID: 479634
12-23-2018 01:12 AM

 




Post: #35
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
HeTurd HeTurd HeTurd.

Pull your ego out of your ass and eat it.
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LoP Guest
lop guest
User ID: 429525
12-23-2018 03:13 AM

 




Post: #36
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
Anybody remember what the DOW closed at the day of the election while Hillary was still projected to win?
We are still up 25%+ over that.
If you're gonna blame Trump for the drop you might ought to blame him for the rise.
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LoP Guest
lop guest
User ID: 463110
12-23-2018 03:53 AM

 




Post: #37
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
LoP Guest  Wrote: (12-23-2018 01:12 AM)
HeTurd HeTurd HeTurd.

Pull your ego out of your ass and eat it.

u mad?

you trumphogs got nothing now
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LoP Guest
lop guest
User ID: 468142
12-23-2018 04:01 AM

 




Post: #38
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
Interest rate hikes aren’t hurting the economy and the stock market, the massive debt bomb is doing it. We are only at 2.5 % interest rate. That’s extremely low.
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LoP Guest
lop guest
User ID: 473865
12-23-2018 04:04 AM

 




Post: #39
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
You say Trump ruined the economy. I say thank GOD a Democrat wasn't in office during this potential recession. In fact, I would bet that had Hillary won the election the recession would have started in 2016/2017.
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LoP Guest
lop guest
User ID: 468142
12-23-2018 04:07 AM

 




Post: #40
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
LoP Guest  Wrote: (12-23-2018 04:04 AM)
You say Trump ruined the economy. I say thank GOD a Democrat wasn't in office during this potential recession. In fact, I would bet that had Hillary won the election the recession would have started in 2016/2017.



We’d be in a depression already with Hillary
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LoP Guest
lop guest
User ID: 408320
12-23-2018 04:08 AM

 




Post: #41
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
LoP Guest  Wrote: (12-22-2018 08:16 PM)
Hrd2Stbd  Wrote: (12-22-2018 08:12 PM)
The Fed's 4 rate hikes did that, you lying shillturd.

EXACTLY!! The Fed chairman needs to be shown the door.

Time to end the Fed entirely.
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LoP Guest
lop guest
User ID: 468142
12-23-2018 04:10 AM

 




Post: #42
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
People don’t realize higher interest rates are extremely important. The US has a trillion dollars of debt to finance in 2019 and without higher interest rates, foreigners won’t buy them to finance our debt. People are too stupid to realize that.
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LoP Guest
lop guest
User ID: 468142
12-23-2018 04:32 AM

 




Post: #43
RE: Dow Jones DIVES: Trump ruining economy faster than Bush 43 ruined economy
Housing and auto sales are crashing. Millions and millions and millions of jobs tied to housing and auto.

Goodnight folks, this party is about to end.
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