Posted on 02/06/2018 2:25:04 PM PST by ItsOnlyDaryl
U.S. Treasury Secretary Steven Mnuchin addressed a shaky world economic market following Monday’s staggering drop in American stock value.
Despite the largest ever single-day loss in terms of total points and the steepest overall dip since 2011, he pointed to evidence he presented as proof of a strong economy.
“I’m not overly concerned about the market volatility,” he said Tuesday in a statement to legislators.
(Excerpt) Read more at scopenewsonline.com ...
That is the most misleading "fact" in these stories. The number of points means nothing. Its the percentage drop or gain. Any news service hyping the "largest single drop in terms of points" is either stupid or deliberately biased.
Jmho but this was caused by yellen’s qe easy money stock market support program. That means the market has been propped up for 8 years. That means there’s a bubble. A real value would be in the neighborhood of 21000 to 23000. On the other hand, they do not pay me to be an economic analyst. Never. Not even a dime.
Didn’t the market bounce back a bit today?
And isn’t the market still up over 30% since Trump’s election, even factoring in the recent drops?
TDS seems to be the order of the day
Some forms of stupid can’t be fixed
There really isn’t an asset bubble here and the underlying economic and market fundamentals are fine. Everyone knew that when the days of Obama/Yellen zero interest would end and interest rates would normalize that the market would react because that affects bond yields.
It will take six to eight months.
Senator Chuck can get a lie out in ten minutes.
Pure hit piece
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