Posted on 08/05/2024 3:15:12 AM PDT by Oldeconomybuyer
U.S. stock futures tumbled Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street.
Here’s where U.S. stock market futures stand at the moment:
* Dow Jones Industrial Average futures dropped 633 points or 1.6% following a 611-point loss on Friday.
* S&P 500 futures are down 2.6% after the benchmark lost 1.8% on Friday.
* Nasdaq-100 futures lost 4% as big tech stocks got hit hard in early trading.
(Excerpt) Read more at cnbc.com ...
It isn’t the funds rate...it is the final chapter in the covid 19 money being gone.
33% of parents don’t know how they are going to pay for back to school
34% plan on going into debt on credit cards for BTS
CC deliquency is at an all time high
Car repot is surging
BLS numbers have been “adjusted” negatively for nearly 3 years after lying about how good things are.
It is all a house of cards and it is time for it to come down. And yes, I want this to happen BEFORE the election, because then it is all the Biden regime’s fault.
Always remember the FED is a private company. By what “Right” are they allowed to hold a capitalist country hostage?
Unfortunate but accurate.
What, then, is to be done? Can such conditions be turned around?
Maybe if he spoke maybe he might calm the markets.
It can always be worse, I can remember when the prime lending rate was over 20%, I remember the Fed Chairman hiking interest rates 500 basis points in one day.
I also remember an unemployment rate over 10% at the same time.
It can always be turned around, unfortunately we don’t have anyone in power right now who will do what needs to be done.
Trump has the right ideas; his problem is fellow Republicans than have no stomach for the policies that need to be implemented.
I’m almost 60 with a 9 year old kid and a stay at home wife who is 18 years my junior. I can never retire ... except to the 15 cubic foot pine condo in the ground.
Boomers were always the target.
Destroy or erase their contribution to the American ethos (history).
Blame their morals for social ills.
Be envious and covetous of their work ethic that gained them comfort in their old age.
Actively working to “level the playing field” where cash is concerned via government intrusion.
Your grandchildren want to eat you and your great-grandchildren wonder why you haven’t died yet.
Y’all muffikers are on your own.
I repeat; That's the same way these mini Captains of Industry should approach buying labor. There is no fixed price for job A or job B. The price is what the MARKET price FOR LABOR is. If wage $A doesn't attract workers for job A then try wage $(A+B). And so on. IT IS NOT ROCKET SURGERY.
Good. If an owner of a business dosen’t understand how a free market for labor works THEY SHOULD GO OUT OF BUSINESS ASAP. AGAIN - GOOD!!!
A business owner cannot change the laws and payout of the welfare state. He must factor that into his labor cost equation. Or go out of business.
The ones who are still in business have operating models almost identical to mine:
1. We only hire family members and contractors.
2. We own our business locations.
3. We (legally) pay less taxes today than ever before.
This country’s economy would collapse if enough people worked this way.
A business owner cannot change the laws and payout the open-borders immigration policy of the welfare state. He must factor that into his labor cost equation.
F “small” minded business. Apparently you do not understand or want a free market for labor.
Blame anything but the truth.
lets say you own a metal pre fab shop. How much should you have to pay a welder?
I would pay whatever the market rate for a welder would be — as long as my customers could pay the prices that would support it. Is that a trick question?
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