Stock market taking massive dive today

[Moonglow]

Who do you think push FIAT currency so much?

The Democrats and Republicans in the Federal government.

Actually, it was the British because of the industrial revolution and the lack of funding to expand the economy.

 

[Missourian]

With employment up, production up, and they've had 6 months to figure in inflation, what is this correction about, th overnight Fed Funds rate?

The economy contracted 1.4% in the first quarter of 2022.

All that bullshit about the Bye-Done Boom?!? They were LYING to you.

Diesel fuel is over five dollars a gallon in Missouri... the state with the cheapest fuel in the Union.

Inflation is out of control.

And once again... Like the two democrat presidents before him... The election of a democrat coincides with an economic recession.

And this one is going to be far worse than 2008.

Biden's policies have worsened an already terrible situation initiated by idiotic lockdown policies demanded by democrats and opposed by republicans.

In other words... We told us so... and you democrats just wouldn't fucking listen.

Trump may have been able to lessen the economic impact... The the dumbass-in-chief the dipshits democrats installed couldn't figure his way out of a wet paperbag.

I have zero faith the midterm Republican Tsunami will reverse our economy woes... it will only serve as tourniquet to stem the damage Bye-Done and the moronic ultra-woke democrat party can do.

So buckle your seatbelts... we're in for some 'interesting times' ahead.

 

[yidnar]

I can tell you don't like the increase in interest rates, I myself want higher interest rates than the stupidly low ones that Trump insisted upon.

the rates were low long before Trump was in office ... an increase in rates is inevitable ..

 

[Moonglow]

The economy contracted 1.4% in the first quarter of 2022.

Diesel fuel is over five dollars a gallon in Missouri... the state with the cheapest fuel in the Union.

Inflation is out of control.

And once again... Like the two democrat presidents before him... The election of a democrat coincides with an economic recession.

And this one is going to be far worse than 2008.

Biden's policies have worsened an already terrible situation initiated by idiotic lockdown policies demanded by democrats and opposed by republicans.

In other words... We told us so... and you democrats just wouldn't fucking listen.

Trump may have been able to lessen the economic impact... The the dumbass-in-chief the dipshits democrats installed couldn't figure his way out of a wet paperbag.

I have zero faith the midterm Republican Tsunami will reverse our economy woes... it will only serve as tourniquet to stem the damage Bye-Done and the moronic ultra-woke democrat party can do.

So buckle your seatbelts... we're in for some 'interesting times' ahead.

Trump locked down the federal government as did all fifty states. Which is not the topic and Eye is looking to get someone.
What does one expect what with what happened in 2020 and the historic cuts in oil production in Russia, USA
and Saudi?

As part of agreement, 23 countries commit to withholding 9.7 million barrels a day from markets. Saudi Arabia, Russia and the U.S. agreed to lead a multinational coalition in major oil-production cuts after a drop in demand due to the coronavirus crisis and a Saudi-Russian feud devastated oil prices.Apr 12, 2020

U.S., Saudi Arabia, Russia Lead Pact for Record Cuts in Oil ...​

 

[Sunsettommy]

Actually, it was the British because of the industrial revolution and the lack of funding to expand the economy.

No, it is the chronic overspending by both political parties which is WHY they run the money printing press so much.

Do you know what FIAT MONEY is?

Investopedia

Fiat Money​

By
JAMES CHEN

Updated April 19, 2022
Reviewed by
SOMER ANDERSON

Fact checked by
SUZANNE KVILHAUG

Excerpt:

What Is Fiat Money?​

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.

LINK

 

[Moonglow]

No, it is the chronic overspending by both political parties which is WHY they run the money printing press so much.

Do you know what FIAT MONEY is?

Investopedia

Fiat Money​

By
JAMES CHEN

Updated April 19, 2022
Reviewed by
SOMER ANDERSON

Fact checked by
SUZANNE KVILHAUG

Excerpt:

What Is Fiat Money?​

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.

LINK

It is one part of the problemo.

 

[Missourian]

Trump locked down the federal government as did all fifty states.

Trump said we SHOULDN'T lock down the country.

And fifty states did not lock down.

Missouri resisted the liberal media and Democrat pressure to lockdown for months... and our stay at home order was for three weeks.

You remember? 15 days to stop the spread?

Not two fucking years!

 

[White 6]

That and the supply chain issues won't be resolved for two years at best per my clients. Tough news.

What did they say was reason supply chain would not be resolved for two years? They only turned it off for 6 to 9 months before it became apparent they had to turn it back on or starve.

 

[LeftofLeft]

Trump said we SHOULDN'T lock down the country.

And fifty states did not lock down.

Missouri resisted the liberal media and Democrat pressure to lockdown for months... and our stay at home order was for three weeks.

You remember? 15 days to stop the spread?

Not two fucking years!

Democrats have always been about lockdowns…. Except for protests. They were full of shit during the pandemic. They told US to lock our businesses down while the Democrat elite violated the rules.

 

[yidnar]

I can tell you don't like the increase in interest rates, I myself want higher interest rates than the stupidly low ones that Trump insisted up

Trump locked down the federal government as did all fifty states. Which is not the topic and Eye is looking to get someone.
What does one expect what with what happened in 2020 and the historic cuts in oil production in Russia, USA
and Saudi?

As part of agreement, 23 countries commit to withholding 9.7 million barrels a day from markets. Saudi Arabia, Russia and the U.S. agreed to lead a multinational coalition in major oil-production cuts after a drop in demand due to the coronavirus crisis and a Saudi-Russian feud devastated oil prices.Apr 12, 2020

U.S., Saudi Arabia, Russia Lead Pact for Record Cuts in Oil ...​

do you place any blame on China at all for the virus that contributed to the economic problems the world is seeing today ? do you think it was ok for China to ban domestic travel to and from Wuhan from other parts of China but allowed international travel that helped the spread of covid ? does China bare any responsibility for the economic problems and death caused by those actions ?

 

[Missourian]

Trump locked down the federal government as did all fifty states. Which is not the topic and Eye is looking to get someone.
What does one expect what with what happened in 2020 and the historic cuts in oil production in Russia, USA
and Saudi?

As part of agreement, 23 countries commit to withholding 9.7 million barrels a day from markets. Saudi Arabia, Russia and the U.S. agreed to lead a multinational coalition in major oil-production cuts after a drop in demand due to the coronavirus crisis and a Saudi-Russian feud devastated oil prices.Apr 12, 2020

U.S., Saudi Arabia, Russia Lead Pact for Record Cuts in Oil ...​

First... If Trump were president,. Russia wouldn't have invaded Ukraine, and we wouldn't be dealing with this problem.

Second...Bye-Done damn near invited Russia to invade trying while trying to act tough but to give himself an out just in case. Putin smelled the weakness of the "leader of the free world" (what a unfunny joke that is), and preceded to invade Ukraine.

Lastly... Saudi Arabia and the UAE wouldn't even take Bye-Done's call. That's what works leader think of Bye-Done...not remotely worth their time to even speak with him.

Think that would have happened under President Trump?

 

[yidnar]

First... If Trump were president,. Russia wouldn't have invaded Ukraine, and we wouldn't be dealing with this problem.

Second...Bye-Done damn near invited Russia to invade trying while trying to act tough but to give himself an out just in case. Putin smelled the weakness of the "leader of the free world" (what a unfunny joke that is), and preceded to invade Ukraine.

Lastly... Saudi Arabia and the UAE wouldn't even take Bye-Done's call. That's what works leader think of Bye-Done...not remotely worth their time to even speak with him.

Think that would have happened under President Trump?

very sad but true .

 

[yidnar]

Trump locked down the federal government as did all fifty states. Which is not the topic and Eye is looking to get someone.
What does one expect what with what happened in 2020 and the historic cuts in oil production in Russia, USA
and Saudi?

As part of agreement, 23 countries commit to withholding 9.7 million barrels a day from markets. Saudi Arabia, Russia and the U.S. agreed to lead a multinational coalition in major oil-production cuts after a drop in demand due to the coronavirus crisis and a Saudi-Russian feud devastated oil prices.Apr 12, 2020

U.S., Saudi Arabia, Russia Lead Pact for Record Cuts in Oil ...​

you are grasping at straws ......

 

[DigitalDrifter]

Good, it's time to bring down the house of cards that is capitalism.

Folks, this is the kind of answer you get from people who are failures.
Psychologists will always tell you, the natural response of someone who has failed at something, is to strike out at that very thing and attempt to tear it down.

 

[DigitalDrifter]

With employment up, production up, and they've had 6 months to figure in inflation, what is this correction about, th overnight Fed Funds rate?

Yep, the negativity created by hiking interest rates seems to be at the heart of it all.

 

[White 6]

Yep, the negativity created by hiking interest rates seems to be at the heart of it all.

Have seen articles saying it could float to 3% by the end of the year. Free money, even overnight is nice, but it was never set up to be that way. We knew this was coming, when inflation was steadily rising for more than 6 months. Cheap money is how we got here.

 

[Harpy Eagle]

Like the two democrat presidents before him... The election of a democrat coincides with an economic recession.

And this one is going to be far worse than 2008.

not to be picking at nits, but the recession of 2008 started before the election, hell it started before 2008 even.

Seems a bit stupid to blame it on a Dem winning an election 11 months after the recession started.

 

[AzogtheDefiler]

What did they say was reason supply chain would not be resolved for two years? They only turned it off for 6 to 9 months before it became apparent they had to turn it back on or starve.

Once of my clients explained it as such. He is in the HVAC business. ~$80mil / year revenue company. He ordered boilers and parts now and they are 12-15 months out because they come from China and the country is a giant sh*t show due to shipping issues and such. The alternative is to rebuild the supply chain like Intel is doing now. But building new factories here especially with Capt. Regulations Biden in charge takes about two years. So the parts are ordered by paid for on delivery. If/when they arrive he will pay the bulk freight. If he doesn't order now, they will cost more and delayed even further. Same can be said for chips, circuits, etc.

So you ask if my boiler breaks how can a plumber fix it if there are so few parts. I asked that specific question. Answer is, they can fix it via workarounds. What normally would be a small part and a $200 job that takes 30 min. May not be a 3 hour job that costs $650. Not good.

We have finally learned that relying on China and India (provides most shipping containers) is bad and its better to pay more and produce here but that takes time. Or about two years. Hope this helps.

 

[White 6]

Once of my clients explained it as such. He is in the HVAC business. ~$80mil / year revenue company. He ordered boilers and parts now and they are 12-15 months out because they come from China and the country is a giant sh*t show due to shipping issues and such. The alternative is to rebuild the supply chain like Intel is doing now. But building new factories here especially with Capt. Regulations Biden in charge takes about two years. So the parts are ordered by paid for on delivery. If/when they arrive he will pay the bulk freight. If he doesn't order now, they will cost more and delayed even further. Same can be said for chips, circuits, etc.

So you ask if my boiler breaks how can a plumber fix it if there are so few parts. I asked that specific question. Answer is, they can fix it via workarounds. What normally would be a small part and a $200 job that takes 30 min. May not be a 3 hour job that costs $650. Not good.

We have finally learned that relying on China and India (provides most shipping containers) is bad and its better to pay more and produce here but that takes time. Or about two years. Hope this helps.

Got to admit, we fkd this whole thing up back at least 15 years before you were even born, maybe 20, with everybody deciding to create greatest profits by buy and selling from the least expensive vendor internationally to get the advantage of practically slave labor overseas, without regard to putting American Manufacturing on the ropes and slave to foreign supply, supply chains, not to mention international politics. I hate it, but I have met the enemy and he is us.

 

[22lcidw]

What did they say was reason supply chain would not be resolved for two years? They only turned it off for 6 to 9 months before it became apparent they had to turn it back on or starve.

And Biden gave the blue states a lot of money to act as a salve for the massive deficits due to their shutdowns.