The market has officially fallen into bear market territory

[DigitalDrifter]

How much worse can things get in this country? Inflation like most of us have never seen, gas prices higher than they've EVER been, illegals flooding our border at historic levels.
It should be no surprise that Biden's approval ratings are underwater. What should be a surprise is a third of Americans approve of this jackass!

Jamie Dimon, Carl Icahn, and other market experts are sounding the alarm about a recession. Here’s what they’ve all said​

It’s no secret that Americans are worried about a recession.


With the S&P 500 officially falling into bear market territory on Friday, consumers are wondering if this year’s stock market downturn will spread to the broader economy, affecting their livelihoods.

Some 81% of U.S. adults now believe there will be a recession as inflation remains near a four-decade high and the Dow Jones continues to drop.

And a growing list of top economists and Wall Street investors agree. Here’s a look at who’s predicting impending economic doom and why.

MSN

 

[jwoodie]

We are already in a recession, just like a person who has lost his job and is living on credit cards. Is the rest of the world going to forgive our debt? I don't think so.

 

[Donald H]

How much worse can things get in this country?

Lots of things can get a lot worse. Mass shootings are on the rise and Trump hasn't even started to ratchet up the racism and hate yet.

As for the market, that's irrelevant to working class Americans.

 

[Dont Taz Me Bro]

We are already in a recession

Recessions require two quarters of negative growth

 

[hadit]

Lots of things can get a lot worse. Mass shootings are on the rise and Trump hasn't even started to ratchet up the racism and hate yet.

As for the market, that's irrelevant to working class Americans.

Except TRUMP! is irrelevant. It's Quid Pro's game now, he's in charge.

 

[DudleySmith]

Hope it falls another 60%-80%; all it is cash swamped corporations and the top 1% running around trying to find a place to stash their money. They're drowning in it and with the Red Chinese extortions rising they don't have enough black holes to hide it all in. Nothing squeezes out the water and inflation like a drop back into real equity values.

 

[jwoodie]

Recessions require two quarters of negative growth

Hence my analogy to an unemployed person who has lost his job and is living on his credit card.

Inflating the money supply is not real growth.

 

[Woodznutz]

Lots of things can get a lot worse. Mass shootings are on the rise and Trump hasn't even started to ratchet up the racism and hate yet.

As for the market, that's irrelevant to working class Americans.

Unless their company retirement funds are invested there.

 

[Woodznutz]

Hence my analogy to an unemployed person who has lost his job and is living on his credit card.

Inflating the money supply is not real growth.

Inflation: Same relative value, new numbers.

 

[Woodznutz]

Hope it falls another 60%-80%; all it is cash swamped corporations and the top 1% running around trying to find a place to stash their money. They're drowning in it and with the Red Chinese extortions rising they don't have enough black holes to hide it all in. Nothing squeezes out the water and inflation like a drop back into real equity values.

Banks have been choked with money for several years now, thus the low interest rates on savings.

 

[DudleySmith]

Banks have been choked with money for several years now, thus the low interest rates on savings.

The financial sector has been sucking the blood out the economy since the 1980's. They rake in over 80% of profits, and pay next to nothing in taxes and off-shore most of their assets.

 

[Woodznutz]

How much worse can things get in this country? Inflation like most of us have never seen, gas prices higher than they've EVER been, illegals flooding our border at historic levels.
It should be no surprise that Biden's approval ratings are underwater. What should be a surprise is a third of Americans approve of this jackass!

Jamie Dimon, Carl Icahn, and other market experts are sounding the alarm about a recession. Here’s what they’ve all said​

MSN

I hope the bear market hits real estate soon. I'm looking for a retirement home.

 

[Toro]

A massive bubble has been building, and now it is popping.

Cryptocurrencies ballooned to a $3 trillion market from almost nothing in about 15 years. That's twice as large as the high yield market. The investment grade bond market has a market cap of $11 trillion.

There's a long, long way to go yet.

 

[Toddsterpatriot]

The financial sector has been sucking the blood out the economy since the 1980's. They rake in over 80% of profits,

Link?

 

[Harpy Eagle]

Recessions require two quarters of negative growth

we had one, and are likely in the 2nd now

 

[otto105]

How much worse can things get in this country? Inflation like most of us have never seen, gas prices higher than they've EVER been, illegals flooding our border at historic levels.
It should be no surprise that Biden's approval ratings are underwater. What should be a surprise is a third of Americans approve of this jackass!

Jamie Dimon, Carl Icahn, and other market experts are sounding the alarm about a recession. Here’s what they’ve all said​

MSN

Awwww, still haven’t found the rock to hide under…


Saw worst inflation under republic president’s in the 70’s with higher unemployment.

 

[otto105]

we had one, and are likely in the 2nd now

Nope

 

[otto105]

We are already in a recession, just like a person who has lost his job and is living on credit cards. Is the rest of the world going to forgive our debt? I don't think so.

No, our economy is not.

And the rest of the global economies have corporate inflation too.

 

[otto105]

Except TRUMP! is irrelevant. It's Quid Pro's game now, he's in charge.

Yes, that’s why unemployment is at 50 year lows.

 

[Toddsterpatriot]

Awwww, still haven’t found the rock to hide under…


Saw worst inflation under republic president’s in the 70’s with higher unemployment.

Ummmm......that was under Carter.