Posted on 05/02/2024 3:31:11 AM PDT by MtnClimber
No one can accurately predict where the stock market will go, but it is a fact that the Biden administration’s spending imperils every American.
After a strong run in 2023 and early 2024, stock markets have been selling off lately. I cannot predict whether this market sell-off will continue, but I can state what has happened so far and speculate as to why it has happened and whether it will continue. In my opinion, anyone who says he can do more than speculate is deceived or lying.
After closing at an all-time high of 5,254 on March 28, the S&P 500, a broad measure of the U.S. stock market, fell to 4,967 (as of April 21). The 5.5% correction corresponds with some troubling inflationary news, and it may (or may not) be only the beginning. Much may depend on whether the April CPI and other inflation numbers confirm what has been happening for the past two or three months.
That latest retail sales numbers, released on April 15, were surprisingly strong at 0.7% month over month, but further thought reveals that most of the increase in retail spending was simply an effort to keep up with rising prices, including higher energy costs and perhaps to pay higher taxes on those wages, and that the higher spending was financed not just with rising wages, but with borrowing as well.
American workers have lost ground against inflation, and they continue to lose ground. Their increased spending is not a sign of a robust economy; it is a mark of desperation. And retirees on fixed incomes are hurt even more: even though their Social Security is adjusted annually, those adjustments do not seem to keep up with actual basic expenses such as food, utilities, insurance costs, and housing.
(Excerpt) Read more at americanthinker.com ...
And Biden will blame it on Trump.
Trumps fault
I’m in Rhode Island.
The price of a loaf of decent bread can be $4 to $7 a loaf.
In Barcelona I paid .99 Euros for a great loaf of bread at Carrefour. The beard was being put out and it was warm and the crust was crisp.
Food is about twice as expensive as it was in Spain.
.
what does “.” even mean? Is it a meaningful comment?
The discount rate at which future expectations are "present valued" gets really high when the future looks uncertain...and the present value estimate (i.e., the stock market) goes down as the discount rate goes up.
And, boy-oh-boy, do we have a lot of uncertainty right now.
It means you can come back to this thread easily because you left a mark. It’s just like “bump.”
The FReeper is bookmarking the thread for later - many have their own way of doing it
When gold took a big dip back in October, I made a six-figure sale of stocks and bought gold bullion from a local dealer. No more stocks for me.
The Trump economy was so strong it took them a couple years of hard work and waste to finally destroy it....
Ah, thank you.
> the Biden administration’s spending imperils every American <
I must gently object to that statement. Biden could not spend wildly without the help of Republicans in Congress. Also (and it pains me to say it) when Trump was in office spending followed the same upward trajectory as when Obama was president.
This is an equal-opportunity problem. Absent someone like Rand Paul taking change, I see no solution. So some sort of crash seems inevitable.
So what are the markets saying about Biden?
Janet is Yelling and scraming to print 1T USD a week in order to float this admistration across the finish line.
How could the markets go down when the currency is being devalued and pumped at a rate Italy in the 60s would have been proud to sustain.
The fleecing of Americn has turn into outright theft and rape of the economy. The democrats are throwing a fit as they are being shown the door.
The DNC went for broke in turning this nation into a communist hellhole. They may have suceeded for the moment, but the markets will not crash until they someone stops printing the ca$h.
Time to roll out the American Dollar - the Americans North-South heir to the EUro.
It’s a placeholder. Bookmark.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.