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Wall Street battens down hatches, warns investors about Kamala's price controls -report
American Thinker ^ | 18 Aug, 2024 | Monica Showalter

Posted on 08/18/2024 12:26:28 PM PDT by MtnClimber

You don't have to like Wall Street to recognize that they know which side of the slice their bread is buttered on. They know their onions what makes them money and what doesn't, premised on what makes an economy go fast, and what makes an economy screech to a halt.

So now we have this:

Charles Gasparino

@CGasparino

Breaking: Wall Street research departments working overtime this weekend to alert clients about the potential far left even socialist economic agenda of @KamalaHarris since her speech Friday, particularly her call for price controls. Even the gentle souls of finance can’t escape the reality that Harris is clueless about business (price controls always lead to shortages) and is looking to take the country down a dangerous path (socialism is a recipe for unrest).

Kamala Harris unveiled her economic plan, with its vast government spending to create more inflation, and Maduro-style price controls to supposedly stop it, and Wall Street is starting to scramble. Nobody wants to be the last one out of the pool with that kind of an event.

They know how this story ends, they've seen it time and again, with the Mexican peso meltdown, the Asian crisis, the S&L crisis, the housing crisis, the Russia ruble crisis, the Long Term Capital Management bailout, China's serial devaluations, Argentina's serial defaults, and plenty of other crises.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Front Page News; Government; Politics/Elections
KEYWORDS: centralplanning; classwarfare; harriswalz; kamala; kamalaharris; kamalanomics; kamalatruth; kamamarxist; kamunism; kommiekamala; pricecontrols; pricefixing; wsj
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1 posted on 08/18/2024 12:26:28 PM PDT by MtnClimber
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To: MtnClimber

Kommie Kamala is surrounded by her “maroon” club.


2 posted on 08/18/2024 12:27:06 PM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
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To: MtnClimber

A socialist will socialist with other people’s money. You can sub in communist too. I’m an equal opportunity brasher.


3 posted on 08/18/2024 12:29:13 PM PDT by Liaison (TANSTAAFL)
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To: MtnClimber

With that, on Monday the market will go down, down, down, etc.


4 posted on 08/18/2024 12:33:25 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: MtnClimber

For some people, being able to use their body holes without any consequences is the only issue they care about. They don’t realize there will be consequences whenever they die.


5 posted on 08/18/2024 12:33:54 PM PDT by alternatives?
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To: MtnClimber

Wall Street may be a scream tomorrow wonder if a halt to trading or a sell off ensues?.


6 posted on 08/18/2024 12:46:00 PM PDT by Vaduz
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To: MtnClimber

Yes if her support numbers are true it proves how many communists are in the country.


7 posted on 08/18/2024 12:47:24 PM PDT by Vaduz
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To: MtnClimber

They put her there.

They can push her right back out.


8 posted on 08/18/2024 1:17:28 PM PDT by Regulator (It's fraud, Jim)
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To: MtnClimber
A sneak peak of the DNC Convention this week...


9 posted on 08/18/2024 1:36:43 PM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: Vaduz

“wonder if a halt to trading or a sell off ensues?”

Good point. We are long on equities. I hope this isn’t a bloodbath.


10 posted on 08/18/2024 1:41:08 PM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: ProtectOurFreedom

Yeah it’s looking bad right now.


11 posted on 08/18/2024 1:58:22 PM PDT by Vaduz
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To: MtnClimber

Pepsi, Nestle, Mars, Coca-Cola - plus retail grocers are about to tank big time.


12 posted on 08/18/2024 2:06:08 PM PDT by FlyingEagle
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To: PIF

“With that, on Monday the market will go down, down, down, etc.”

Carefully pick your stocks.

I just put a buy order for BND and WY.

The government is going to “fix” housing, whether D or R. And they are going to get a bunch of help from the Fed.


13 posted on 08/18/2024 2:06:55 PM PDT by Mariner (War Criminal #18)
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To: MtnClimber

They know how this story ends, they've seen it time and again, with the Mexican peso meltdown, the Asian crisis, the S&L crisis, the housing crisis, the Russia ruble crisis, the Long Term Capital Management bailout, China's serial devaluations, Argentina's serial defaults, and plenty of other crises.

Kamala ushering in hell...with extreme spending and price controls...

14 posted on 08/18/2024 2:32:01 PM PDT by GOPJ (Kamala kisses up and punches down - cgbg * Walz put tampon dispensers in boys bathrooms...)
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To: Mariner

I’ll buy pork bellies.


15 posted on 08/18/2024 2:33:46 PM PDT by Mark (DONATE ONCE every 3 months-is that a big deal?)
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To: PIF

No, wall street will hold until after Labor Day, when the senior traders are back from summer vacation and the rookies, who have been filling in take a back seat.


16 posted on 08/18/2024 2:47:05 PM PDT by Labyrinthos
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To: MtnClimber

Ah but the magic rate cut is coming next month to save it all.


17 posted on 08/18/2024 2:48:35 PM PDT by Captain Peter Blood
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To: Mark

Beaks! Where is Beaks?


18 posted on 08/18/2024 2:49:43 PM PDT by vmpolesov
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To: MtnClimber

Zimbabwe here we come!


19 posted on 08/18/2024 2:56:42 PM PDT by SisterK (it's controlled demolition)
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To: Mark

Subsidized and/or price controlled.

Food is risky.

Land is at a premium and will only go up. I’ll figure out how to leverage that with my meager funds...perhaps an etf.


20 posted on 08/18/2024 2:57:38 PM PDT by Mariner (War Criminal #18)
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