The Dow hasn’t gained a point in 20 months
- Thread starter UncleBuck
- Start date
topcat
Well-Known Member
Could this be a setup by Trump? Affect the market and buy low, then tweet he's giving up on tariffs, watch the market recover and pocket some money? I don't know the answer, it just crossed my mind. I am not educated enough of financials, but that's by design. I do have mutual funds, though.
TacoMac
Well-Known Member
Nope. He's an idiot.
This is the doing of the Chinese. They've been more than patient with the idiot fucktard in chief because they figured that eventually advisers would reign him in and talk sense to him.
They are now fully confident that 45 can't be reasoned with, dealt with, or talked to.
So China is making the U.S. pay for its allowing 45 to do the stupid shit he's been doing.
There is no saving it now without complete capitulation.
I'll leave this here:
“Now we have a trade situation that is going off the rails as the side effects multiply due to the ramping up of the use of tariffs and we are only further apart from any resolution with the Chinese,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “The policy of using tariffs as a tool to address our legitimate beefs with the Chinese has failed miserably.”
It is clear now the Chinese have given up on dealing with Trump at all.
Lucky Luke
Well-Known Member
Australia's $ and stock market took a HUGE hit to.
Not often our stock market has such huge falls. Its been up year in year out for like 13 years. Even during the GFC we had a rising economy.
Americans- u guys suck for electing such a twit.
Not often our stock market has such huge falls. Its been up year in year out for like 13 years. Even during the GFC we had a rising economy.
Americans- u guys suck for electing such a twit.
hanimmal
Well-Known Member
70,000 votes, it sucks so bad. It is scary to think he might be able to win again with foreign meddling pinpointing our citizens down to the districts they vote. Because they can lie as much as they want they are basically pulling a giant con on our citizens, because the politicians that follow the laws can't correct every troll and with Trump flat out lying with every other sentence the water is muddy enough anyone following Fox/local TV won't get the full story and when they are online are far more easily manipulated because they assume its all bullshit, or they believe what they want and get sucked into a hate group.
Every democracy has reason to worry about what useful idiots the governments like Russia are pushing onto their citizens with internet trolling propaganda. It is very sophisticated phycological warfare that they are doing.
Dugan
Member
interesting
Fogdog
Well-Known Member
Dow Tumbles More Than 600 Points As Bond Markets Signal Recession
https://www.npr.org/2019/08/14/751129610/dow-tumbles-over-600-points-as-bond-markets-signal-recession
Germany and China's economies are already in decline. The US economy is linked to these countries. In the US, 2-year interest rates are higher than 10-year interest rates, aka yield curve inversion. Average lag time between when yield curve inverts and stocks crash is 7 months. But given all the propping up Trump has already done, I'm guessing the crash comes sooner and not later. My guess is, US recession by the end of this year or early next year -- March at the latest. Stocks crash before then.
Trump's policies are both recessionary and inflationary. When this recession hits, consumer prices will rise, not decline. Trump is toast. By this time next year, even Trumptards will be ready to see him gone.
https://www.npr.org/2019/08/14/751129610/dow-tumbles-over-600-points-as-bond-markets-signal-recession
Germany and China's economies are already in decline. The US economy is linked to these countries. In the US, 2-year interest rates are higher than 10-year interest rates, aka yield curve inversion. Average lag time between when yield curve inverts and stocks crash is 7 months. But given all the propping up Trump has already done, I'm guessing the crash comes sooner and not later. My guess is, US recession by the end of this year or early next year -- March at the latest. Stocks crash before then.
Trump's policies are both recessionary and inflationary. When this recession hits, consumer prices will rise, not decline. Trump is toast. By this time next year, even Trumptards will be ready to see him gone.
Herb & Suds
Well-Known Member
If it closes now it eliminates all gains from last year
hotrodharley
Well-Known Member
They did. For one day.
hotrodharley
Well-Known Member
800 points off at the close. Lol. I love it.
captainmorgan
Well-Known Member
Everything tRUmp touches dies, this could get worse than most imagine.
captainmorgan
Well-Known Member
ttystikk
Well-Known Member
Trump is on record as saying he loves recessions because that's when he can go bargain hunting for distressed real estate. He gives not one tiny fuck about anyone else but himself.
Lucky Luke
Well-Known Member
yea but it doesn't seem to be helping. didn't he lose over a billion dollars last couple years?
topcat
Well-Known Member
Yep. He's a loser. I hate to attach a good Beatles song with this fuck, but here it is.
ttystikk
Well-Known Member
I didn't say he made sense. I'm saying he has telegraphed his intentions. We should not be surprised that he's following through for perceived personal gain.