Posted on 09/29/2022 2:20:31 PM PDT by ChicagoConservative27
Stocks dropped steeply on Thursday as investors showed fears of a potential recession and currency volatility, erasing gains made during Wednesday’s rally.
The Dow Jones Industrial Average dropped by more than 450 points, or 1.5 percent, to 29,227, while the Nasdaq fell by 2.8 percent and the New York Stock Exchange sunk by 1.6 percent when markets closed Thursday.
(Excerpt) Read more at thehill.com ...
[...on recession fears...]
We have been in a recession the past two quarters. Once the Q3 2022 numbers are out, we will then be in a recession for 3 quarters.
4 consecutive quarters of recession is the textbook definition of a DEPRESSION!
The White Rabbit
Jeff Airplane
https://youtu.be/1Vy1OoBAL-E
Doesn't know the difference between a utility and a company selling utilities.
“Doesn’t know the difference between a utility and a company selling utilities.”
Utility: an organization supplying the community with electricity, gas, water, or sewerage.
“a company selling utilities.”. A company selling more than one organization supplying the community with electricity, gas, water, or sewerage.
What recession fears? We’re already in one, except according to the White House.
And we’re all surprised. The Rats destroy EVERYTHING.
..on recession fears...
Yesterday’s news today! In other news, Florida braces for Hurricane’s landfall...
Subtract all the “stimulus”, deficit spending/debt monetization and QE and you get a DOW-30 less than 20,000...a lot of downside potential left.
High interest rates is pushing me into good old CASH.
Recession? FJB will mention recession when we’re in a depression !
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