Actually probably a lot of the fear comes from knowing that the Trump administration is incompetent at dealing with issues and the fact that given Trump’s record of lying nobody is going to believe anything he says.
Yeah, that too. When people don't know what's going on they don't invest. That's where Trump has lost it. Better off with a straight forward honest response. “We access 387 suppliers in China that ship to us globally more than 9,000 different materials, impacting approximately 17,600 different finished product items,” Jon Moeller, Procter & Gamble’s chief operating officer and chief financial officer, said Thursday at a conference in New York. “Each of these suppliers faces their own challenges in resuming operations.” Stock up on Charmin.
So true...we need to stop depending on Socialist China, we need a better trade deal and make it easier to develope the product here.
Are you saying these is no panic? US and UK stock markets plunge as coronavirus panic hits shares — as it happened https://www.theguardian.com/busines...ion-trump-coronavirus-investors-business-live
Live by perceptions, die by perceptions. The market was way over-valued anyhow, based on the administration's ridiculous promises. Now the perception, which is probably more realistic than the promises, that the coronavirus scare will stifle a consumer economy is leading to an inevitable correction that was going to come from something anyhow.
I believe the pot and the kettle had such an exchange! Who is telling Americans that it is going to be a disaster?
From your link: Goldman Sachs’s warned that US corporate profit growth could be wiped out is also casting a shadow.... while Bank of America cutting its growth forecasts to an 11-year low. There are also fears that the virus could even push the eurozone into recession. Several companies, from Standard Chartered bank to foam shoe-maker Crocs, warned that they’d miss financial targets due to the impact of Covid-19. But some analysts are advising clients to buy shares at current levels, wagering that policymakers will act to protect growth.
Nobody is disputing the panic sell. They are disputing what Trump said is driving it. It's the virus and it's effect on global business and spending. Trump is the one politicizing the stock market drop.
The top 10% of our wealthiest own 84% of all shares held in the U.S.Stock Market, so it stands to treason that they must be doing the majority of selling, and they for the most part are NOT DEMOCRATS!!!
The dummies outsourced everything to China so when we get in a shooting war with them we will have no industrial base. We might as well surrender in the next two minutes but we will have to order a white flag from China.
Bravo!!!! Bravo!!!! Finally someone who didn’t just go into defense mode. I agree 100% with your commented as well!
The "fear?" How is asking for more money to combat potential effects "spreading fear?" Even McCarthy said Trump's request was too little, was he "spreading fear?"