Dow dives nearly 800 points on fears of economic slowdown

https://www.whitehouse.gov/wp-content/uploads/2018/02/hist01z1-fy2019.xlsx
Quibbling now
Here most current numbers

1991 2.2%
1992 3.4%
1993 5.8%
1994 9.0%
1995 7.4%
1996 7.5%
1997 8.7%
1998 9.0%
1999 6.1%
2000 10.8%

Stop quibbling
I have been perfectly clear in what I said.

 

Unemployment at 3.5%. Stock markets had set all time highs as recent as early this year.

Yep, I say that is a strong economy. If you don't, well that says all anyone needs to know about your knowledge, period.

 

Now your spinning, as is usual.

You said it was a result of the tariffs... now, apparently traders started selling off because of "unconfirmed" reports that trade meetings went.... WELL.

Anything to maintain your TDS.

 

Trading is SPECULATIVE.

These concepts are really quite elementary. For the same reason traders started buying after the Trump election on speculation of a growing economy and business friendly environment, traders start selling after Democrats take the house knowing a slowing economy and a business UNFRIENDLY environment is imminent. The stalemate in Washington didnt help either.

This is like basics of economic trading. Please stay out of the market, you'll lose your shirt.

 

Go back to post 651 if you need a refresher on what I said. I was discussing the trade agreement and the reason that the trade meeting was the heart of that particular sell off. Specifically, it was the fact that Trump claimed a whole host of **** came out of it which was not verified by the Chinese nor by his own trade representatives.

If none of those allegations register with you, then go do some research.

 

I agree that the Trump shutdown did not help matters. Nor does the global economic slowdown influenced, in part, by trump's global trade wars. Nor does the speculation associated with Trump warring with his own fed chair.

I do not agree, because I have yet to see a single report in support of your allegation, that investors are freaking out about democrats taking control of one of the two legislative branches of government.

 

I have a Facebook account but I rarely use it.

I have never had a twitter account and don't plan on getting one anytime soon.

Any more (of your usual) ignorant assessment posts you wanna make?

(3......2......1......)

 

I bet you had a tough time typing that with a straight face. Investors want certainty. The only certainty now is that nothing is certain. If they will shut the government down over $5 billion, it is obvious they will stoop to anything to impair Trump.

 

Ah....nothing but your normal trollish post I see.

 

Haha...the stock market has a limited connection to the actual economy that affects you and I. In fact, what is good for the stock market is usually NOT good for us. Almost always actually. And what has been building the markets is a ponzi by definition. Period.
And as for the employment numbers, there are two factors that limit that value as well... the high number of employable people that are not participating...and the fact that too many that are employed are under-employed. And as I have been saying for the past 10 years - underemployment is a greater problem than unemployment.

 

It is Trump's Shutdown. He has owned it, explicitly, already. But I get why you want to blame democrats for the shutdown.

It is because you are smarter than Trump.

 

All bullshit.
What investors want is the government to continue to both finance and allow the game to continue.
The markets are a mirage. They are not real. Everyone knows it. But who cares as long as shares keep climbing, who cares that stocks are grossly over valued. In fact they care very much that the overvaluation keeps climbing as long as they are profiting from it.
Without the government providing $billions of our money EVERY DAY in the system - it would collapse and collapse fantastically.
THAT is the only fear they have.

 

I agree to an extent that what is good for stock market is not good for main street.
As stocks rising because oil prices are rising is not good.
But stocks rising because the sales and profits of companies is good is good for main street. As that means people are working and consuming.
The stock markets are a leading indicator, typically 6-9 months of the economic outlook.

I said, 25 yrs ago, with NAFTA, that our wages will have to fall while other countries wages rise before we see a return to wage stability and growth.
We(fed) are just now starting to see wage inflation as a concern.

 

In a September 2013 Fox & Friends phone interview, Trump blasted Obama for failing to "get everybody in a room."

"If you say who gets fired, it always has to be the top. Problems start from the top, and they have to get solved from the top, and the president’s the leader, and he’s got to get everybody in a room, and he’s got to lead. And he doesn’t do that, he doesn’t like doing that, that’s not his strength."
https://www.politifact.com/facebook...ump-criticize-obama-during-2013-government-s/

it was Donald J. Trump.

“I am proud to shut down the government for border security, Chuck, because the people of this country don’t want criminals and people that have lots of problems and drugs pouring into our country. So I will take the mantle. I will be the one to shut it down. I’m not going to blame you for it…. I will take the mantle of shutting down.”

There is no THEY. The buck stops at the top.

 

Lol

Everything is trump's fault.

Look dude, you are so partisan and so detached from anything remotely related to a logical position, it's just not worth it. Every post, you rage hate.

Im fine with it. You are a political extremist incapable of rational discussion.

 

Wall street is not connected to the actual economy? Check every economic boon or recession and check the Wall St. numbers. Statements such as this destroy what little credibility you have. Since you have little clue, I will help you. Businesses raise money for expansion and operations by selling stock. When that business is doing well, the stock value is greater. When many businesses do well all their stocks are more valuable and the stock market is high. The reverse is true too. If a business is not doing well investors do not buy and the prices drop. Not so hard to understand, even a dolt can pick that up.

By the way, the worker participation numbers are at an all time high. Never been higher. Along with that millions of the part time jobs created under the Obama administration are giving way to full time employment.