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 ...
Exactly. See Post #38.
Pay more and price yourself out of business.
Ads needs to start hitting the airwaves showing breadlines, homeless camps, someone staring in disbelief at high gas pump price or a receipt at a grocery store checkout.
Then.. cut to Kamala cackling
With maxed out personal redit and record government deficits this recession will devastate those unprepared.
I need to give all the credit to our Lord, getting ready for retirement we have been deep in finances and assets, got good advice after prayer and advice which we followed, literally ended up moving the entire 401k at the peak. God is amazing!
NOTE: This in no way promotes a prosperity gospel message, that is bad doctrine, this is just God being there as always and at any time he can also take it away, for which one still needs to praise our Lord!
That may be true for a few but not the majority, living on the dole is fine if you were already close to that but those 15,000 laid off by Intel were not living on the dole and they live in Silicon Valley which requires a little more income than the dole to live on.
The rank-and-file democrat with kids will also care
The under 30 Democrat who doesn’t want to work will not care, but everyone else will.
Nope not in NH.
What’s Trump got to do with it? We just had a coup in our country. A sitting president was essentially deposed and replaced by an inept anti-cspitalist woman 👩 who was not vetted by the voters. It is being widely reported that she has a chance to win.
What’s Trump got to do with it? We just had a coup in our country. A sitting president was essentially deposed and replaced by an inept anti-cspitalist woman 👩 who was not vetted by the voters. It is being widely reported that she has a chance to win.
What’s Trump got to do with it? We just had a coup in our country. A sitting president was essentially deposed and replaced by an inept anti-cspitalist woman 👩 who was not vetted by the voters. It is being widely reported that she has a chance to win.
The market wants to go up in spite of Bidenomics or whatever it is. If it’s going to be wartime for the US going into the election and if some of it is on American soil, then I might want to “buy the dip” now (index funds) and then wait with bated breath.
I read this as “tell me I can’t retire without telling me I can’t retire”.
Democrats ruin everything. Everything.
Ah it’s not so bad, VIX is only at nearly 52 as of this post. /s
There is no such thing a labor shortage, there are only wage shortages.
Indeed - my particular of flavor of dot-gov went from a gold plated pension in which people were retiring in their mid-50s with a pension that nearly equalled their wages, then contracted as employees in their old positions for 10 more years, basically double-dipping.
That pension plan was no longer offered starting in 1996, replaced by a 'defined contribution' plan in 96, the plan under which I work. Not to be outdone, our "corporate" president decided, around 2015, to stop giving a pension to any new employees going forward, while enhancing the company contribution to the 401K program. Those of us in the plan were encouraged to leave, but not required to do so. The contribution to our formerly agreed-upon pension plan was cut in half with some slight increase in the company matching given to the 401K plan.
Now, how do you get an employee to commit to stay on for decades when there's nothing tying them to a long term commitment? The answer is, you don't.
That said, this market volatility (government induced) isn't going to bode well for any of us that have put away a substantial nest egg for our own future retirement.
The Democrat Party dreams of the day when everyone is dependent on the government for day to day expenses.
Now it’s down 900 in futures for Dow and nasdaq. Fear has hit that Kamy will win.
It’s August.
The world takes August off and goes on vacation
I propose that it’s not a wage shortage so much as it’s people being paid too much to NOT work. A welfare “longage” if you will. Cut off the free ride and plenty of people will seek work.
No work, no food. why does that bother the left?
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.