Discussion in 'Politics and Religion' started by Russ Smith, Oct 16, 2017.
I hate to break this to you, but the Borowitz Report is the New Yorker's equivalent of The Onion.
Sad part is...it's still believable lol.
Let’s hear from the Republican thought leader.
Sad how many morons listen and believe this guy
We should investigate Alex Jones to see if he still has a brain, or if it was forcibly removed by aliens.
I can't wait to see how Trump blames this on the Dems, Obama and HRC.
They just transitioned Yellen out so he'll probably blame her. WSJ had an article saying much of this is a reaction to the tax cuts that sort of pushed the FED in a domino effect to have more rate hikes that triggered this.
If the DOW went down tomorrow as far as the futures are down, 500, it would have gone from 26, to mid 23's or essentially a 10% downturn in 4 trading days of Feb.
That Trump is amazing even his crashes are bigger than than anybody elses.
Pretty sure Benghazi was the cause of all this. A-Holes!
He’ll blame it on everyone finding out how bad the Dems are because of the memo.
I certainly don't want the market to sell off too much more but this article is pretty interesting.
And as I write this the implied open for the DOW tomorrow is down about 1200 points based on futures as of 8:30 PST.
That would put the DOW down over 10% in Feb alone.
Caveat some are predicting such a big down opening would quite possibly result in a big turnaround rally later in the trading day.
1. Politicians can barely move the meter on the economy, no matter what they do. It is a matter of scale. We're all just fleas on the dog that is the economy. Sure, we can impact it slightly with our insignificant attempts, but generally, we're just along for the ride and it is gonna do what it is gonna do.
2. The Fed will always have more impact than Congress or the President.
3. You can't claim credit for a stock market rise, but when there is a flash crash, blame it on your predecessor who has been out of office for over a year.
4. TAX CUTS DON'T IMPACT THE ECONOMY when we are all carrying so much individual debt. The only way tax cuts work is if people turn around and spend them. Most Americans in polls I have read indicate tax cuts will be used to pay off debt. That money vanishes from the economy because it has already been spent. If you insist on using taxes to impact the economy, a better tactic would be a one-time tax rebate on a debit card, forcing people to spend it at merchants.
Dow opened relatively flat, is down about 150 right now at 8:30 PST. Nasdaq is well up which is good for me since i'm more Nasdaq heavy in my stocks.
Will be interesting to see if the Dow can hold or move up or if it falls hard again later in the day.
LMAO, Hannity blamed yesterday's correction on Obama!
At what point does someone have to distort reality so badly that we can declare them insane and lock them away?
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