Biden economy: Market's longest losing streak since Jimmy Carter was in office

[sealybobo]

Ummmmm
Financial statements like these would get anyone else put under the jail.

It's called fraud.

It qualifies with all 9 elements.

Do you know the 9 elements of fraud?

This certainly qualifies.

Trump on the truthometer

3% true
8% of the things he's said were mostly true. Not completely.
11% half truths
19% of what he has said is mostly false
38% false
19% pants on fire

Trump is a fraud. Do YOU know what a fraud is?

And when to puke

If you want to see "America", go to an amusement park. It's where the garbage go for vacation. Trash. Black and white. It's not going to be upper middle class families. Maybe upper middle class kids go once they turn 18 but upper class people are not at these places. It's true Americana.

America is like an amusement park ride. Inflation for sure on the food. And rich people who do go will buy a special pass where they can cut in front of your sorry ass.

 

[sealybobo]

Kind of a reach

Remember LBJ lying about the Gulf of Tonkin?
Nixon lying about Watergate?
Bush lying about WMDs?

I was reaching alright.

 

[JohnDB]

Trump on the truthometer

3% true
8% of the things he's said were mostly true. Not completely.
11% half truths
19% of what he has said is mostly false
38% false
19% pants on fire

Trump is a fraud. Do YOU know what a fraud is?


If you want to see "America", go to an amusement park. It's where the garbage go for vacation. Trash. Black and white. It's not going to be upper middle class families. Maybe upper middle class kids go once they turn 18 but upper class people are not at these places. It's true Americana.

America is like an amusement park ride. Inflation for sure on the food. And rich people who do go will buy a special pass where they can cut in front of your sorry ass.

This is whataboutism. Not relevant to the subject matter at hand.

What has happened is a matter of financial fraud and defrauding American businesses and people who have retirement plans (most of Americans). Basically stealing from them for political brownie points. We have been intentionally harmed and have suffered financial loss because of the fraud.

 

[sealybobo]

This is whataboutism. Not relevant to the subject matter at hand.

What has happened is a matter of financial fraud and defrauding American businesses and people who have retirement plans (most of Americans). Basically stealing from them for political brownie points. We have been intentionally harmed and have suffered financial loss because of the fraud.

How old are you? How much do you expect to get from social security? How old will you be when you retire? Just trying to figure out how much 20% is. How much you've cost yourself and don't even know it yet.

 

[JohnDB]

How old are you? How much do you expect to get from social security? How old will you be when you retire? Just trying to figure out how much 20% is. How much you've cost yourself and don't even know it yet.

Again not relevant to the subject at hand.
Trying to minimize the crime to me personally has no relevance to the crime committed and the literally trillions of dollars he has cost the American taxpayer.

But according to you: "it's not that bad" and "it's only slightly illegal". Same crap that Bill Clinton was convicted of. Same crap Nixon did.

Apparently Trump told the truth and didn't give a crap about repercussions and continued being crass. (Not an endearing quality)

This is legal fraud. It's actionable. It's also election interference and a laundry list of crimes.

 

[JohnDB]

Government statistics should not be a cottage industry for sale to the highest bidder.

Shadow Government Statistics - Home Page

www.shadowstats.com

 

[rightwinger]

With a 27 percent rate of return, I will take Joe Biden’s Stock Market any day.

 

[g5000]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

This is a textbook example of the deliberate framing by propagandists to create a false narrative.

The Dow hit record highs around 50 times this year, dipshit.

I didn't hear you cheering "Biden's economy" then, hack.

 

[g5000]

Biden economy:

Dow hits all-time high, on pace for 47th record close​

​

Watch the tards move the goalposts in 5...4...3...

 

[IM2]

It's reacting to the news that it's been working off falsified data.

You got that mess from Rassmussen. Fake news.

 

[IM2]

They are reacting to the Federal Government declaring that the data they have been releasing is falsified data. They have made up jobs reports.

Many have gone to outside sources for economic data.

Shadow Government Statistics - Home Page

www.shadowstats.com

Wrong.

 

[DigitalDrifter]

Well we saw today how the market reacted to the announcement by the fed.
Investors are rattled by the impending continuation of the Biden inflation.

 

[John Edgar Slow Horses]

What the Stock Market Did Under Every President in the Last 100 Years

The U.S. economy is subject to complex, interconnected forces too innumerable for any one person to account for or anticipate. Still, when it comes to the health of the economy, the buck often stops at the president’s desk. While by no means a comprehensive measure of economic health, the...

247wallst.com

We in the market are disappointed in the short term this week, but are up 20% for the year.

We are in it for the long run.

 

[busybee01]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

It was caused by Trump's tariff threat. The Fed knows this will cause inflation and that they will be unable to lower interest rates.

 

[sealybobo]

It was caused by Trump's tariff threat. The Fed knows this will cause inflation and that they will be unable

to lower interest rates.

The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.

Government shut downs, tariffs,

Most U.S. adults — 54% — have an unfavorable view of Trump, according to the latest survey by The Associated Press-NORC Center for Public Affairs Research. The survey found that small majorities have slight to no confidence in his ability to manage the White House or government spending. By contrast, Biden began his presidency with an approval rating above 60% only to see it steadily decline as inflation worsened.

The Fed sees uncertainty ahead. So do we.​

But Powell stressed that there is a lack of clarity about what Trump would do. It’s unknown whether he would deliver on tariff threats against Canada, Mexico, China and Europe. Nor is there much official guidance on how Trump would fund tax cuts that could add $4.6 trillion to deficits over a decade.
“Some did identify policy uncertainty as one of the reasons for their writing down more uncertainty around inflation,” Powell said. “The point about uncertainty is it’s kind of common sense thinking that when the path is uncertain you go a little bit slower.”

 

[justoffal]

But I thought the market was all excited that Trump was coming back 'n stuff.

Silly.

What a load of crap. The market has been overbought and needed a correction.

Yep....typical pendulum....not going to change.

 

[Fort Fun Indiana]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

In anticipation of an unpredictable moron taking office.

 

[justoffal]

The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.

Government shut downs, tariffs,

Most U.S. adults — 54% — have an unfavorable view of Trump, according to the latest survey by The Associated Press-NORC Center for Public Affairs Research. The survey found that small majorities have slight to no confidence in his ability to manage the White House or government spending. By contrast, Biden began his presidency with an approval rating above 60% only to see it steadily decline as inflation worsened.

The Fed sees uncertainty ahead. So do we.​

But Powell stressed that there is a lack of clarity about what Trump would do. It’s unknown whether he would deliver on tariff threats against Canada, Mexico, China and Europe. Nor is there much official guidance on how Trump would fund tax cuts that could add $4.6 trillion to deficits over a decade.
“Some did identify policy uncertainty as one of the reasons for their writing down more uncertainty around inflation,” Powell said. “The point about uncertainty is it’s kind of common sense thinking that when the path is uncertain you go a little bit slower.”

To avoid looking like a monumental horse's ass I suggest you put away the pollsters who predicted a Harris landslide. They haven't improved.

 

[John Edgar Slow Horses]

The Fed may very well not cut rates for several months in the New Year.

 

[justoffal]

The Fed may very well not cut rates for several months in the New Year.

They probably shouldn't. Too soon to know it won't backfire.