Market Reacts to Joe’s Announcement The World Is On the Brink of Armageddon

[Weatherman2020]

Good job Joe!

https://www.cnn.com/markets

 

[Mac1958]

Actually it's the fact that the economy and hiring remain strong and that's forcing the Fed's hand to increase interest rates again. The market is hoping for a more dovish Fed soon.

But keep the partisan horseshit train a-rollin'.

 

[Jim H - VA USA]

Good job Joe!
View attachment 706953

https://www.cnn.com/markets

It's almost time to set the clocks back.

Don't forget to check the batteries in the smoke detectors and Geiger counter.

 

[JackOfNoTrades]

Good job Joe!
View attachment 706953

https://www.cnn.com/markets

Actually, the job market stayed strong and that's fueling fears of continued inflation and continued rate hikes.
But hey, don't let facts get in the way of a good rant.

 

[ZZ PUPPS]

If Taterhead had a pistol in his belt, he would blow his own nuts off.

 

[theHawk]

But keep the partisan horseshit train a-rollin'.

You’ve got that covered.

 

[Jim H - VA USA]

Good job Joe!
View attachment 706953

https://www.cnn.com/markets

I'm surprised defense stocks did not get a bigger bump today...

 

[marvin martian]

Actually it's the fact that the economy and hiring remain strong and that's forcing the Fed's hand to increase interest rates again. The market is hoping for a more dovish Fed soon.

But keep the partisan horseshit train a-rollin'.

Who's right? The guy you voted for, who just said we're on the brink of nuclear Armageddon, or the "White House" who just said we aren't?

 

[Concerned American]

It's almost time to set the clocks back.

Don't forget to check the batteries in the smoke detectors and Geiger counter.

Get your iodine pills.

 

[Doc7505]

Actually it's the fact that the economy and hiring remain strong and that's forcing the Fed's hand to increase interest rates again. The market is hoping for a more dovish Fed soon.

But keep the partisan horseshit train a-rollin'.

~~~~~~

 

[Blues Man]

Actually, the job market stayed strong and that's fueling fears of continued inflation and continued rate hikes.
But hey, don't let facts get in the way of a good rant.

Yeah the fed is trying to start a good old fashioned recession. As if that will fix anything.

 

[Mac1958]

~~~~~~

View attachment 706967View attachment 706967​

Yes, that looks correct.

 

[Mac1958]

Yeah the fed is trying to start a good old fashioned recession.

It has to take that risk, given the fact that it was so late to react. No choice at this point.

 

[Billiejeens]

Get your iodine pills.

Is ivermectin effective at all, on this one?

 

[marvin martian]

Yes, that looks correct.

Why did you vote for that?

 

[Manonthestreet]

MarketWatch yesterday ran a buy buy buy article....damn I missed my opportunity

 

[Blues Man]

It has to take that risk, given the fact that it was so late to react. No choice at this point.

The thing is this situation is not like the usual inflationary cycle.

Much of the inflation is in the service industry because of the wage increases we have seen. This type of inflation doesn't respond to interest rate hikes and tends to be stickier and longer lasting.

We don't really have a supply problem for a large part of the consumer goods markets. In fact a lot of big box stores have a glut of product they need to move.

There is a good deal of this inflation that is plain old price gouging as well with using the supply chain as an excuse even if there are not really that many supply issues in many sectors of the economy.

And besides all that people are still spending like crazy.

The fed has one tool in its toolbox , interest hikes, and it ain't going to work this time so they are going to crash the economy.

 

[B. Kidd]

Why did you vote for that?

Mac is cool with no choices.
So are Commie's!

 

[Mac1958]

The thing is this situation is not like the usual inflationary cycle.

Much of the inflation is in the service industry because of the wage increases we have seen. This type of inflation doesn't respond to interest rate hikes and tends to be stickier and longer lasting.

We don't really have a supply problem for a large part of the consumer goods markets. In fact a lot of big box stores have a glut of product they need to move.

There is a good deal of this inflation that is plain old price gouging as well with using the supply chain as an excuse even if there are not really that many supply issues in many sectors of the economy.

And besides all that people are still spending like crazy.

The fed has one tool in its toolbox , interest hikes, and it ain't going to work this time so they are going to crash the economy.

Well, we pour $11 trillion in stimulus into the economy over 12 years, global supply chains collapse and the shit hits the fan.

They're trying to manage a soft landing, and I guess that's possible, but I'd guess the odds are less than 50/50 for that.

 

[marvin martian]

Well, we pour $11 trillion in stimulus into the economy over 12 years, global supply chains collapse and the shit hits the fan.

They're trying to manage a soft landing, and I guess that's possible, but I'd guess the odds are less than 50/50 for that.

You voted for the guy who did the biggest "stimulus" of all.