dow jones

[IVE GOTTA PACKAGE 4U]

 

[IVE GOTTA PACKAGE 4U]

 

[IVE GOTTA PACKAGE 4U]

 

[Wally]

... Oh BTW, where once it took 35 days to get a container shipload of goods to the US now takes 73 days.

Who's transportation secretary? Fire their arse!

 

[Brownslave688]

Sounds like old joe is ing up my 401k

Joe,Trump,Obama they’ve all been building this bubble.

 

[Jkloc420]

Joe,Trump,Obama they’ve all been building this bubble.

Yep biden got us

 

[Shift Inhibit]

Who's transportation secretary? Fire their arse!

 

[Wally]

View attachment 382682

Maybe he's still on leave?

 

[Wally]

 

[Shift Inhibit]

Maybe he's still on leave?

He’s back now.. just watched him get chewed out by Senator Kennedy on the supply chain bs

 

[DriveInDriveOut]

Yesterday at his news conference Trump appointed fed chair Powell apologized to the American people for it's failure to act sooner to keep prices stabile.
Now right now the EU is setting up plans to cut off Russian oil. OPEC has made it clear that it doesn't have the capacity to offset the loss.

Ukraine is the fourth largest exporter of grain including 50% of the world's oilseed. it also exports quite a bit of iron ore. and the worry is that Russia will try to blockade the Black Sea.

Russia is also the world's largest exporter of fertilizer and natural gas. And urea production uses an ocean of natural gas. In addition China consumes 54% of the world's copper production while producing only 8% of the world's production.

Welcome to the global economy boys and it you think a change in presidential administrations will resolve all this? Think again. Take one supplier off line and competition for what's left only gets that much worse. Oh BTW, where once it took 35 days to get a container shipload of goods to the US now takes 73 days.

Biden recession.
Own it.

 

[vantexan]

View attachment 382675

I didn't know rickyb is for sale.

 

[IVE GOTTA PACKAGE 4U]

I didn't know rickyb is for sale.

Oh boy....

 

[Up In Smoke]

How is it no one remembers the fall of 2018, when the Fed tried to reduce it's balance sheet and raise rates? We saw a dramatic drop in the market and panic selling. Powell reversed course and remarked the Fed Chairs got it wrong and that the economy was not strong enough to stand on it's own. This time around the economic factors are much stronger and they feel now is the time to unwind the monetary policies that have propped up this country for 14 years. Sink or swim time. We all knew this day was coming and shouldn't be surprised at the pain today and for the foreseeable future. I'm amazed to see adults act like children when their free lunch is taken away.

 

[Wally]

How is it no one remembers the fall of 2018, when the Fed tried to reduce it's balance sheet and raise rates? We saw a dramatic drop in the market and panic selling. Powell reversed course and remarked the Fed Chairs got it wrong and that the economy was not strong enough to stand on it's own. This time around the economic factors are much stronger and they feel now is the time to unwind the monetary policies that have propped up this country for 14 years. Sink or swim time. We all knew this day was coming and shouldn't be surprised at the pain today and for the foreseeable future. I'm amazed to see adults act like children when their free lunch is taken away.

We have a whole generation now who have never lived through inflation and shortages. Wait until jobs disappear and housing prices begin to correct.

Stock futures fall after Dow's worst day since 2020, jobs report looms

The moves came after stocks sold off sharply in Thursday's regular session.

www.cnbc.com

'We are nowhere near the bottom,' top economist says as global markets crater

Stock markets are set for more heavy selling this summer as central banks around the world hike interest rates to fight spiraling inflation, said one economist.

www.cnbc.com

Stock markets are set for more heavy selling this summer as central banks around the world ramp up interest rates to try to combat spiraling inflation, according to one economist.

 

[PT Stewie]

The Dow is down another 500 points today. Congratulations to all of you voted for the Village Idiot in the White House you are weapons grade stupid

 

[Wally]

The Dow is down another 500 points today. Congratulations to all of you voted for the Village Idiot in the White House you are weapons grade stupid

The market does what it does so I don't totally blame Biden for the slide. Does he get a little blame for inflation as a factor ? Yes.

 

[UnionStrong]

The market does what it does so I don't totally blame Biden for the slide. Does he get a little blame for inflation as a factor ? Yes.

A little…

 

[vantexan]

How is it no one remembers the fall of 2018, when the Fed tried to reduce it's balance sheet and raise rates? We saw a dramatic drop in the market and panic selling. Powell reversed course and remarked the Fed Chairs got it wrong and that the economy was not strong enough to stand on it's own. This time around the economic factors are much stronger and they feel now is the time to unwind the monetary policies that have propped up this country for 14 years. Sink or swim time. We all knew this day was coming and shouldn't be surprised at the pain today and for the foreseeable future. I'm amazed to see adults act like children when their free lunch is taken away.

There are huge bubbles in the stock, real estate, and bond markets. Inflation is the highest it's been in 40 years. We have supply chain issues and a very real threat of food shortages. Our administration is letting in millions illegally. And both Europe and China are very vulnerable to severe economic downturns. This isn't just a matter of making a few adjustments and all is well.

 

[Fred's Myth]

Yesterday at his news conference Trump appointed fed chair Powell apologized to the American people for it's failure to act sooner to keep prices stabile.
Now right now the EU is setting up plans to cut off Russian oil. OPEC has made it clear that it doesn't have the capacity to offset the loss.

Ukraine is the fourth largest exporter of grain including 50% of the world's oilseed. it also exports quite a bit of iron ore. and the worry is that Russia will try to blockade the Black Sea.

Russia is also the world's largest exporter of fertilizer and natural gas. And urea production uses an ocean of natural gas. In addition China consumes 54% of the world's copper production while producing only 8% of the world's production.

Welcome to the global economy boys and it you think a change in presidential administrations will resolve all this? Think again. Take one supplier off line and competition for what's left only gets that much worse. Oh BTW, where once it took 35 days to get a container shipload of goods to the US now takes 73 days.

And yet you obliquely blame Trump's administration, while absolving the Biden administration.

You sir, are the Crown Prince of the the Double Standard.