Joe Biden Destroyed the Stock Market

[AntonToo]

DOW lost 8.78%....Let’s go Brandon!​

DOW gained 18% in 2021.

Can you point me to a thread you've created to credit Biden for it? I'm having trouble finding it.

 

[Indeependent]

i’m not the one defending his and the demafasict policies thar caused the worst stock market since 2008

You know full well the RC would rather cut off his testicles before saying anything negative about a Democrat.

 

[Indeependent]

Raising the Rate will not help the over-abundance of years of hyper-inflated loans that are defaulting.

 

[Dr.Know]

Nice spin, too bad that President Biden isn't responsible for the deficit in our Markets:

• The Pandemic
• Fiscal Conservative
• Local City and Town Councils
• Greed
• World Markets too
• McConnell & his bitches
• Trump
• And, people like you.

More illogical half truths from the Left : BIDEN STOPPED OIL PRODUCTION AND IS FLOODING THE USA WITH MILLIONS OF
MIGRANTS ; WHAT ABOUT AMERICANS / SENIORS THAT ARE SLEEPING IN THEIR CARS ? ILLEGALS ARE GIVEN MORE CONSIDERATION THAN AMERICANS.

The Deep State is behind the plandemic,,,the Democrats are their primary tool because the Democrats are the party of the Collectivist Stupids ( hood rats, inbred hillbillies, utopian white idiots ) ; the Republicans are told to play golf and let the DS take down Western Civ.

PRESIDENT TRUMP SAID THE MOST IMPORTANT STATEMENT IN POLITICAL HISTORY :

"THEY ARE NOT AFTER ME, THEY ARE AFTER YOU,,,IM JUST IN THEIR WAY"

EVERY SINGLE LEFTIST I HAVE KNOWN OVER THE LAST 50 YRS IS NOW MENTALLY ILL,,due to drug abuse or latent mental illness. You see these grease balls wearing dead mans clothes and riding bicycles.

 

[frigidweirdo]

Joe Biden Destroyed the Stock Market​

Trump Was Right: Joe Biden Destroyed the Stock Market

pjmedia.com

31 Dec 2022 ~~ By Matt Margolis

You probably don’t need me or anyone else to tell you that 2022 was a brutal year for your stock portfolio. If you were planning to retire in 2023, you may want to put it off, as it may be a while before your retirement fund recovers. It turns out that 2022 was the worst year for the stock market since 2008. You remember the financial collapse in 2008, right?
In 2022, the S&P 500 lost 19.44%, the DOW lost 8.78%, and the NASDAQ lost 33.10%.
Let’s go Brandon!
Last year, Joe Biden was quick to take credit for any positive economic news (which was really the result of the economy reopening after the COVID shutdowns), including the stock market’s rise.
“[The stock market] has hit record after record after record on my watch, while making things more equitable for working class people,” Biden said back in January 2022.
Will he take credit for the current state of the stock market?
It’s worth noting here that Donald Trump predicted the stock market would crash under Biden. Once again, he was right.

Commentary:
Shutting down the U.S and abroad over the Chinese flu wrecked the economy. Most everyone saw the recession coming, long before it got here.
The fact that Trump's policies were right, and have been vindicated, is beyond debate.
Until an anti fossil fuel administration took over, doubling the price of fuel slowing the economy to a crawl, followed by a never before seen attack on citizen’s wealth.
Total damage=$17 trillion in lost equity in the stock and bond market so far.
The notion that this was somehow baked in the cake and the most anti fossil fuel and anti business administration in the nation’s history had nothing to do with anything is not accurate.
As an aside, it is much, much, much easier to grow an economy from the bottom than after years of growth. i.e., not only did Obama have an incredible spot starting at an economic meltdown but Biden’s spot not that long after a pandemic was a decent too.
Unfortunately, Biden's personal brand has become poison (roughly on the same level as Nazis) to the Maoist Democrat half the country, and therefore we have a paradox of an extremely effective policy executor.
We have transcended policies into the realm of ideological tribalism. It is no longer a policy debate.

Yes, it was all Biden's fault that a lot of the rest of the world also saw the economy sink.

 

[Billiejeens]

i’m not the one defending his and the demafasict policies thar caused the worst stock market since 2008

He is the 2nd stupidest person in the group.

 

[Indeependent]

Yes, it was all Biden's fault that a lot of the rest of the world also saw the economy sink.

You mean Ukraine and Russia being 2 of the largest suppliers of grain?
You really should do some research...what am I thinking?
You're a Liberal, you don't research anything!

 

[Doc7505]

Yes, it was all Biden's fault that a lot of the rest of the world also saw the economy sink.

Joey Xi caused the problems in Europe and around the world thanks to his gigantic clusterfuck, decreasing pumping of crude oil and the supply train transportation of goods..

 

[Billiejeens]

the issue is that $17 trillion was lost after the xiden ans demafasict policy took hold this past year ending the ride trump’s policy put us on.

did you not read the OP?

He doesn't read
His entire life is spent fretting over perceived slights to African Americans.

 

[Tom Paine 1949]

For those who want to learn some basic non-partisan truths underlying the ups and downs of the stock market in the recent period …

The present market declines echo both the “DOT-COM” tech bust of 2000-2002 and the Great Financial Crisis of 2008.

We should all be happy the market has plunged — especially the crypto market. Had crypto-related stocks and companies continued to grow at phenomenal rates, in another year or so its well-earned and inevitable collapse would likely have contaminated the real banking system and brought on a serious liquidity crisis.

Smart investors have been selling stocks and increasing their holdings of cash since at least January 2022 (see below links). Most of us have now lived through THREE ridiculous asset inflation manias and collapses brought on by easy money and credit (for the rich especially), starting with the Dot-Com boom in 1995 and running through the housing boom and the Great Financial Crisis of 2008-9.

Today’s problems are not only caused by the crypto crisis. We have a real war in Europe, a breakdown/decoupling in world logistics and trade, and still suffer after-effects of worldwide Covid disruptions (especially in China). At this moment new trade war threats and security-necessitated reshoring of high-tech production, increases in military spending, and pressures to establish a more sustainable and secure energy grid everywhere … are also raising the real costs of production worldwide. In the best case, it will probably take years to resolve all these problems.

The Fed and other Central Banks cannot increase production themselves, but they do seem to now be determined to limit production and inflation (and possibly jobs) through long overdue interest rate hikes.

The stock market declines are therefore, seen in isolation, actually quite auspicious. The market needs just such a cleansing. This is the normal crazy working of “free market casino capitalism” — Wall Street style.

We certainly may yet see ANOTHER major decline of stock values in 2023. There is simply too much money running around in unregulated leverage in the new private equity and Hedge Fund economy to rule out a sudden liquidity crisis as well. How bad can things get? Hard to predict. But — disregarding outside “Black Swan” events — let’s compare the present decline of around 20% in the S&P and 30% in the NASDAQ to the Dotcom crash.

“It saw the Nasdaq index plunge 76.81%, from a peak of 5,048.62 on March 10, 2000, to 1,139.90 on October 4, 2002, culminating in the majority of dot-com stocks going bust ... It would take 15 years for the Nasdaq to retrieve its peak, which it did on April 24, 2015.”

Since 2015 (really 2009-10), we have been in another hallucinatory stock market bubble, especially in the rather isolated crypto world, setting the stage for recent declines.

How Crypto’s Collapse May Have Done the Economy a Favor
What Was the Dot-Com Bubble & Why Did It Burst?

 

[Billiejeens]

You know full well the RC would rather cut off his testicles before saying anything negative about a Democrat.

He has testicles?
Doubtful.

 

[frigidweirdo]

Joey Xi caused the problems in Europe and around the world thanks to his gigantic clusterfuck, decreasing pumping of crude oil and the supply train transportation of goods..

"Joey Xi"? What the fuck is that childish nonsense?

 

[Indeependent]

"Joey Xi"? What the fuck is that childish nonsense?

Are you upset?

 

[skye]

Not only the Stock Market....

Biden and thugs have destroyed almost all of America.

Too sad and very disturbing for even putting all this into words...

 

[Doc7505]

"Joey Xi"? What the fuck is that childish nonsense?

Oh, you don't like Joey Xi's Knick name by Xi Jinping his gad fodder.

 

[TheGreatSatan]

Nice spin, too bad that President Biden isn't responsible for the deficit in our Markets:

• The Pandemic
• Fiscal Conservative
• Local City and Town Councils
• Greed
• World Markets too
• McConnell & his bitches
• Trump
• And, people like you.

Pedo Peter is to helpless to do anything about it.

 

[frigidweirdo]

Oh, you don't like Joey Xi's Knick name by Xi Jinping his gad fodder.

So childish on so many levels.
1) because it's just nonsense. Xi Jinping is Xi Jinping. Joe Biden is Joe Biden.
2) This is a POLITICS FORUM. Use their names. It's the adult thing to do.
3) You haven't said anything related to politics or to this topic
4) Do you know what Biden has done in relation with China in the last two years? Any of it? Anything at all?
You're literally trying to attack someone for something he hasn't done. It's so fucking stupid.

 

[AntonToo]

Biden and thugs have destroyed almost all of America.

Skipping meds again?

 

[SassyIrishLass]

Made a fortune in the markets from 2016 until Potato fckd it up. 2022 was brutal....2023 won't be much b

 

[AntonToo]

Made a fortune in the markets from 2016 until Potato fckd it up. 2022 was brutal....2023 won't be much b

2022? He become the president in 2021.

Just a coincidence that you've blanked that out, right?

And btw what the hell were doing 2009-2015 when DOW grew more than 100%?