“I've been around for a long time. And it just seems that the economy does better under the Democrats than the Republicans. Now, it shouldn't be that way. But if you go back, I mean it just seems that the economy does better under the Democrats,”
--Donald J. Trump, March 21, 2004
That was when the globalist RINOs were the Republican party, not economic nationalists.
Then why did you vote for a guy who’s primary real estate investments are in other countries, has his branded merch made abroad, and who uses undocumented workers to staff his hotels?
Because he told you that he’d build a wall that he didn’t build?
Inflation has been awesome for me, my family, and everyone who knows how to be financially responsible.
Kevin Graham
Dow Jones Industrial Average On Longest Losing Streak Since 1932
After a promising start to morning trading, the major stock indexes turned sharply negative Friday with the S&P 500 tumbling into bear market territory and the Dow Jones Industrial Average setting up for the longest streak of weekly losses since the Great Depression.
The Dow was off by 1.6 percent by midday Friday, which brings its weekly decline to 4.11 percent. Barring a dramatic turnaround, this will be the eighth consecutive weekly loss for the index. That would be the longest losing streak since 1932.
The S&P 500 was down 1.9 percent for the day and 4.5 percent for the week. This is the seventh weekly loss for the broad index, the most since 2001. Compared with its January high, the S&P is down 20 percent. If it closes at this level, it will officially be a bear market.
Ten of the eleven sectors of the S&P were down, with only real estate hanging on to a 0.6 percent gain for the day. The worst performing sector was consumer discretionary stocks, down 3.73 percent.
The Nasdaq Composite fell 2.6 percent for a weekly decline of 5.6 percent.
Only six stocks on the Dow were in positive territory, led by Merck up by one percent. The worst performing stocks were Boeing, down 7.16 percent, and Caterpillar, down 5.17 percent.
Bond yields, which move in the opposite direction of bond prices, were down, indicating that investors were paying more for the safety of U.S. government securities. The yield on the 10-year Treasury bond fell 0.079 points to 2.774 percent.
Investors are spooked by the negative impact inflation has had on the earnings of major retailers like Walmart and Target and the prospect that the Fed’s interest rate hikes could topple the economy into a recession. The threat of stagflation—low growth with high inflation—is looming larger in the minds of many investors.
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The best part about this is waiting four years to see how all the crazy apocalyptic predictions made by the fear mongering idiots in Right Wing media turned out to be painfully wrong...Gasoline would hit $10/gallon. Hyperinflation would ensue.
Veritas
Actually, the Dow jumped another 700 points to close out the day in the green not the red, after this article was written, shortly after this article was written. Typical Republicans don't understand how the markets work, and only equate it with the "economy" whenever it drops during a Democrat Presidency. We had two major corrections under Trump and all they did was blame Democrats. As I explained before, it doesn't matter where the market is today, it only matters where it is when you decide to cash out. And right now I'm licking my chops over how cheap Tesla and tech stocks are. This is a huge opportunity to double or triple your money within a year.
Meanwhile, the Biden economy is still trucking with record growth and wage increases despite all the disadvantages that come from a post-pandemic period + wars.
by the way, why ajax, do you use your fake Hawkeye moniker while going full retard on economics?
"I am not an American ... In my view premarital sex should be illegal" - Ajax18
This is a huge opportunity to double or triple your money within a year.
Just like last year when you said this inflation was only transitory. I've never felt so sad about being right in all my life.
And when the Confederates saw Jackson standing fearless like a stonewall, the army of Northern Virginia took courage and drove the federal army off their land.
This is a huge opportunity to double or triple your money within a year.
Just like last year when you said this inflation was only transitory. I've never felt so sad about being right in all my life.
It is transitory you moron. Inflation began under Trump and continues on due to post pandemic/Ukraine war/ supply chain issues. "Transitory" simply means temporary. Are you really so dumb as to believe inflation at this rate is PERMANENT??
"I am not an American ... In my view premarital sex should be illegal" - Ajax18