Chicken Little, here comes the sky.
Posted on 12/23/2018 9:59:30 PM PST by familyop
Treasury Secretary Steven Mnuchin startled financial analysts, bankers and economists Sunday by issuing an unusual statement declaring that the nation's six largest banks had ample credit to extend to American businesses and households...Two Trump advisers, speaking on the condition of anonymity, said the calls would stoke unnecessary alarm. "No one thought we were at crisis level," one of these people said. "It's going to create more of an issue than we had already." Mnuchin and the president had a call on Saturday to talk about how to reassure the markets. Aides said that Trump knew the Powell story hurt the markets but that he did not want to defend Powell. So he told Mnuchin to put out a statement.
(Excerpt) Read more at chicagotribune.com ...
"Ballot Harvesting" just put Nancy Pelosi in charge of the House and Maxine Waters in charge of Finance."
That is the point. They want the economy to crash hard.
I’m in stores packed with shoppers, hard to find parking spaces, people with carts full, arms full of stuff, lines at check out that are 20 minutes long.
What economy is tanking?
Who wrote this, a Chinese guy?
[Crazy Maxine Waters said she was going after them]
yep
Philip Morin Freneau, 1752-1832
Its quoted from one of his polemics against Alexander Hamilton.
Boy we heard that about 1000 times the past 8 years.
But they weren’t interested in taking the senate?
All the talk on this thread makes it DEFINITELY seem like we didn’t gain several senators.
Which almost NEVER happens for the incumbent president’s party.
I know it’s easier to steal house elections.
but we still have a branch of congress, a president, a soon to be dead RGB.
We’re good.
Market was at 18000 when Trump entered office I think.
Average rate of 7 percent would put it FAR BELOW even where it is now.
everyone chill
[ That is the point. They want the economy to crash hard.
I’m in stores packed with shoppers, hard to find parking spaces, people with carts full, arms full of stuff, lines at check out that are 20 minutes long.
What economy is tanking? ]
The Beltway economy of mutual back scratching and bloat?
American voter, in their infinite wisdom, just put..”
I’m going to have to disagree with your attribution here, with all due respect..
Remember how back early in Trump’s candidacy, all the way into his victory and even after his inauguration there was a SILENT COUP-CONSPIRACY involving scores of people that we did NOT know about at the time and only found out about shortly AFTERWARD?
I believe soon we will learn of a massive, nationwide BALLOT STUFFING & HARVESTING EFFORT DURING THE MIDTERM ELECTION AIMED AT ENSURING DEMONRAT CONTROL OF THE HOUSE. Deep State DNC/SOROS RATS just pulled off ANOTHER silent coup seizing control of the House so they can get their IMPEACH TRUMP PARTY STARTED IN CONJUNCTION WITH A WRAP-UP HIT JOB ON TRUMP BY MUELLER COMING SOON..
With Trump’s good approval rating and a roaring economy at the time of the midterm election, do you REALLY believe it was the American people who just gave control of the House to the DemonRats? HELL NO WE DIDN’T! The House was just STOLEN by the rat b*stards and EVERYBODY KNOWS IT.
There is also currently ANOTHER conspiracy afoot to trash our economy to ensure Trump does NOT get re-elected in 2020. They will continue HARASSING HIM so relentlessly that perhaps HE even might not wish to run again!
ALSO, JUDGE EMMET SULLIVAN’S ACTIONS/STATEMENTS AGAINST FLYNN NEED TO BE INVESTIGATED, AND HIS ‘B*TCH SLAP’ RULING AGAINST TRUMP’S ASYLUM RULES THE FOLLOWING DAY. Is it just ME or did something VERY odd and inexplicable happen here? WTF@!!!!
...
Exactly what is happening...
I’m tired of even folks here not believing it.
They are the same. We papered over the paper. The big banks were propped up and the economy stagnated by the credit crunch. Low rates and a large balance sheet also leads to stagnation because nobody trusts the dollar over the long run so nobody wants to make a long term investment (e.g. manufacturing) Instead all the investment goes from one momentum stock into another. Junky speculation like Bitcoin and Pot. Doesn't help the economy.
Chicken Little, here comes the sky.
A lot of optimism has been removed from the investment community given the Democrats stated goals of sabotaging the economy
______________________
This is true.
I wonder if the hue and cry after zer0’s election urging Bush to get out of the way before January 20,talk of *bailouts* and the TARP itself also removed optimism and fueled the “It’s Bush’s fault” narrative.
We knew when zer0 was elected along with control of Congress, that hard times were coming. How perfect: blame the outgoing administration and immediately apply pressure to make things worse.
One thing that is amazing is the limited scenarios used by the DS over and over again.
Trump won’t cave.
In the meanwhile we have a federal debt of $21 trillion which nobody in Washington, D.C. seems to care about.
Pelosi like Ryan, can do nothing of substance
It will be apparent early on when her bills never come up in the Senate
In 2008, we had subprime mortgages which had been a disaster waiting to happen for years. A completely dishonest financial instrument.
What do we have now?
The stock market is down for 2018 (i.e., it's not overpriced), unemployment is at a record low, and in fact companies are so desperate for good employees they are training kids right out of high school...they are even training ex-cons in programs that are proving to be real success stories in saving the lives of previously troubled men and women.
Just where is this economic trouble of which you speak.
A note to all public servants: Trump is the only reason your pension funds are semi-solvent. Clearly the uniparty doesn’t give a damn if your pension funds go belly up. Are you willing to be collateral damage in their war on Trump and the rule of law?
Just curious.
Liberal voters are economic illiterates with a few days attention span and are already to be shovel fed two years of Pelosi BS.
Wall Street is not Main Street. Main Street is doing great.
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