And the crew on Mornings with Maria, minus Maria, couldn’t be more excited.
Sadly for them, Walmart came in with a strong earnings report. A wet blanket on their party.
Dagen McDowell? Really? C’mon FBN.
Why has the media chosen to ignore that interest rates inverted on March 22nd of this year and the stock market has hit all-time highs since then, and the U.S economy and especially the job market have done very well since then.
Most journalists are not really journalists investigating and reporting. They are campaigning for Democrats with talking points. The media is more dangerous to our freedom and prosperity every day.
The truth is that the yield curve is inverted for one reason only. The fed funds rate is over 2% for overnight money, so why the heck would institutional investors buy three month money at below the ten year bond yield of 1.59% when they can get over 2% for overnight money? It is time that Fed chairman Jerome Powell aligned its overnight rate with the market. Then the yield curve will not be inverted.
The Federal Reserve forgot that their job was to protect against inflation — which is low. It is not to slow down the economy because statistically it looks great. As long as inflation is low, they should let the market soar. Efficiency, productivity, low taxes and fewer regulations explain why our economy is doing much better than most of the World.
The democrats are obviously involved as well. Highlighting the facts in this article should be a key focus of the 2020 campaign.
” Biden continued “they can’t figure out how they’re going to deal with the corruption that exists within the system. I mean, you know, they’re not bad folks, folks. But guess what, they’re not, they’re not competition for us.””
A complete dufas like his father.
The Fed is not tanking the stock market. Bond and bank account interest rates can’t get much lower — they are are low enough to be negative after inflation. Savers are getting killed by low rates. The Democrats are killing the economy with socialism and junk science environmentalism, and Trump responds by going after the Fed and the Chinese.
Tanked my 401(k) fund too. Anyone else affected?