Did Federal Reserve engineer market crash to hurt McCain and help Obama?
Or was it the Saudis?
Ah yes, because Canada Free Press is always SO accurate. Particularly with economic matters.
Now if you’ll excuse me I need to go laugh so hard my penis falls off.
If they are trying to hurt Trump’s chances by tanking the stock market... it will more than likely backfire. The public will view falling markets as a sign that the current administration’s policies are failing.
What market crash? The DJI is above 18k, the S&P over 2100... party’s still rolling in Fedville.
A market crash, would demonstrate that obama has failed. He owns this, not Trump.
I’ve noticed for many months that the stock market moves were eerily mild. Kinda like the eye of the storm. I do agree with Bill Bonner about the risk of us getting into a raal world of hurt soon, and wondered if the recent moves are the beginning of the end or just the jitters.
I’ve noticed that just as an earthquake is followed by aftershocks, the exact opposite seems to be true with the stock market. That is, things seem calm, then we start getting big daily swings in both directions until it decides it either needs to be a bear or a bull, and then the real fun begins.
What crash? All indexes still within 3% of all-time highs.
All of these stock and bond markets are heavily manipulated by central banks with their plunge protection teams, buying back their own bonds, and lending money to globalist banks that lend to globalist corporations that buy back their stocks (or short them when they know something’s going down).
Like the fake numbers we get for unemployment, we will probably get to a day when all the stock and bond prices are arbitrarily fixed by “bid” brother.
We know the stock market has been propped up with chewing gum and rubber bands the entire time Obola has been in office.
It’s going to collapse no matter who wins the election
What market crash? But if there was one, it would help mr Trump. Investors realize the fakery of the current market — propped up with tons of newly “printed” free $$$$ does not reflect the sick depressed Obama Great Recession jobless economy
Oh, the humanity!
1. The market is down less than 3% from its all-time highs. Hardly a crash. Not even a correction.
2. If the market was to crash prior to the election, conventional wisdom dictates that it would be a rejection of the current administration’s policies and thus bad news for Hillary, Wall Street’s darling.
a ‘crash’ by rule would required the DOW to drop over 10% (1800 points) during one trading session.
The Federal Reserve’s actions need to be determined by law.
We have lectured China on the importance of the rule of law.
I would suggest:
The Federal Reserve may buy
1. US government debt
a. when household unemployment is above 6%, but no more than $1 billion/month per 1/5th percentage unemployment above that 6%, less 2% per month of purchasing in the past ten years
[at 12% unemployment, it could initially buy $30 billion of debt a month, but after 50 months of buying, it could buy none]
b. at (3% plus the last official inflation rate>0) at 10-year US bond auctions
c. at (2% plus the last official inflation rate>0) at shorter term auctions
2. full faith & credit state issued debt of any state which run balanced/surplus fiscal years for the previous five
a. at (3.5% plus the last official inflation rate>0) at 10-year state bond auctions
c. at (2.5% plus the last official inflation rate>0) at shorter term state bond auctions
for refinancing [to prevent defaults], and for new debt of those whose total pension deficits state-wide under state law do not exceed $2,000 per state resident based on the last federal census used to apportion Congressional seats
3. no other debt
I absolutely believe it was George Soros who withdrew 2 billion from the Dow Jones in the fall of 2008, prompting McCain to rush back to DC while Obama coolly said ‘they can call me if they need me’. That was a turning point in the 2008 election. All manipulated to help Obama.
I said that just the other day on another thread. They’ll try to crash it to harm a Trump administration.