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originally posted by: snarfbot
When the economy was doing great for the last 2 years in spite of the fed hiking the interest rates every 2 months, it was not because of trump but now the bad turn is his fault right?
Lol so dumb
originally posted by: Mandroid7
The stock market needs to close.
People need to make money by producing value, not this giant middle-man econ bs we have going now.
Take Lowes and home Depot, for example.
Absolute garbage products. Everything is going towards the crappy Chineese business model.
The trend is racing towards a disposable rice box facade of a product, while steadily increasing prices. In some cases up to 3 times the price, while the difference is sent to share holders.
The stock market is half the reason we are living in the United States of Walmart now.
Money for nothing and chicks for free.
merry xmas yall
originally posted by: toysforadults
a reply to: Vroomfondel
the market isn't reacting organically to market fluctuations due to the Fed policy and purchasing up everyone's bad debt
it's got the markets completely fake. this is not a capitalist system is neo-socialist. if the kensyians would allow the market to crash and smarter people to buy up all the cheap assets and build new companies like they should we would have a WAY WAY WAY better economy
this is not an organic market so traditional rules of capitalism do not apply it's propped up by central banks in a you can't fail system that's broken and why my generation is f***** in the long term
thanks guys keep voting these people in
originally posted by: gortex
a reply to: soundguy
650 points is a heavy drop , perhaps the President should stop tweeting stuff like this now.
The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!
He just keeps shooting himself in the foot
originally posted by: gortex
a reply to: NoCorruptionAllowed
No , he didn't crash the market but his comments plus the shutdown have created uncertainty which resulted in the selloff.
I find it strange that many of those who regularly blast Trump for being pro-business are now lambasting him for the stock market going down, after voting for and campaigning with all their might for anti-business policies. You don't get it your way... this ain't Burger King. You get it the way it works or you don't get the sonova biscuit.
originally posted by: andrewh7
originally posted by: incoserv
originally posted by: soundguy
It looks like tRump can place another feather in his cap of destruction. The Dow suffered its worst Christmas Eve loss EVER, maga, maga, maga. Are you tired of winning yet America? a nice ending to the worst December market since the depression.
Know what? This makes absolutely not a damn bit of difference to me!
My Christmas will continue as planned, no change. My life won't change one bit.
And I'd bet, soundguy, that yours won't, either. But, hey, if the box tells you be angry and afraid, don't dare disobey the box!
ORANGE MAN BAD!!!!!!
I don't need to watch the news. I can pull up my 401k and see a year and half of gains wiped out. It's obvious you have absolutely no retirement account or actually any long-term financial plan. Being impulsive and short sighted got us Trump as president in the first place. The guy repeatedly makes stupid mistakes and hard working people lose massive amounts of money from their savings. That's fine with you as long as your belly is filled with Trump's Kool Aid.
---> and the Mnuchin fear-mongering led to the panic selling of minus 650+ on Christmas eve of the DOW Market
Munchin said he spoke with the CEOs of Bank of America Corp. (BAC - Get Report) ,
Citigroup Inc. (C - Get Report) , Goldman Sachs Group Inc. (GS - Get Report) , JPMorgan Chase & Co. (JPM - Get Report) , Morgan Stanley (MS - Get Report) and Wells Fargo & Co. (WFC - Get Report) .
From those conversations, Mnuchin said, the CEOs "have not experienced any clearance or margin issues and that the markets continue to function properly."
Mnuchin's statements added to Wall Street concerns following one of the worst weeks on Wall Street in more than a decade
you aren't making a free market argument are ya?