No, it’s Bidenomics being a success.
Just wait, it’ll be pawned off as a “sign that the economy is going great”.
the federal reserve is the problem
Cut interest rates so hedgefunds can continue to make risky investments using devalued yen to fund it. Makes sense.
We should be headed back to 1983.
There is so many dollars swamping the money supply, interest rates need to be high to drain out a massive amount of excess dollars.
Inflation is a lot higher than the Biden administration is willing to admit in an election year. It is at least 12%.
Inflation will eat away at the economy if it isn’t controlled soon.
Government also needs to be cut drastically. Imposing a hiring freeze on the Federal Government would be a good start.
“Crash” or an emerging volatility in the extreme?
But our friends in the federal government love to kick the can down the road. So of course they will lower rates.
Raise rates OR aggressively cut rates and STOP SPENDING. It is not rocket science. If they could just stop pouring gas on the fire and show that they actually desire for the economy to improve, it would. They are like angry children and refuse to concede on any of their devastating policies.
1. Stop illegal Immigration + funding it
2. Stop funding Ukraine
3. Stop the ridiculous green agenda
4. Cut rates
The markets would soar. Capital would flow in to the USA. The housing market would take off. Jobs would improve. That they are deliberately doubling down on destruction should be obvious.
I’d see what tomorrow brings. The market has made a slight mark forward from the horrendous beginning of trading today.
Time for some political and economic Narcan.
It’s a feature, not a bug.
Rates should go up. Inflation must die.
That breaks a LOT, a LOT of eggs.
They will cut interest rates now.
Which might cause things to look good in the short term — See? Bidenomics is working!!!!
But by about January 2025, inflation will be very obvious — See?? President Trump is tanking the economy!!!!
Wrong. Their job is to keep inflation in check as their primary job. Stock market is not the #1 concern.
Inflation hurts everyone especially the poor and middle class.
Well, since the stock market hasn’t actually crashed, or even entered correction territory as of yet, I would have to say.. NO!
So many free money addicts and investment whores desperately want those rates lowered, inflation be damned!
Screw that. Let’s talk when the markets shed around 33%.
It’s the FED picking winners and losers, as always.
Which group are you in??
And how die we get boxed into this situation? I would say just a part of the problem is by playing fools games with interest rates for selfish reasons. It sure made it easy for the government to borrow into the stratosphere.
Here’s a question. The DOW opened at 39,056 and it currently sits at 38,786 which is -270. Yet the ticker says it’s down -921. What am I missing?