Posted on 02/11/2016 4:40:05 AM PST by John W
SEOUL, South Korea-Stocks shuddered again Thursday, led by a sharp drop in Hong Kong as it caught up with global market turmoil after Lunar New Year holidays. An escalation in tensions between North and South Korea added to a litany of woes for markets that were already flustered by signs of slowing global growth and the slide in oil prices.
ANALYST'S TAKE: "What started in January as mainly China based worries has clearly broadened back out to concerns about global growth," said Shane Oliver, chief economist at AMP Capital in Sydney. He said five fault lines are driving concerns about the global economy: the malaise in emerging markets, the ongoing concerns about waning growth China, the collapse in oil prices, the strong dollar and fears that the global economy could plunge into a recession because of financial market turmoil.
(Excerpt) Read more at newsobserver.com ...
If you look at the data Bush II in 2007 had almost achieved a balanced budget.
-———————————————————————————He almost achieved a “balanced Federal budget”, but what few remember is “war expenditures” were not included in the Federal budget.
That is just it!
We loaned banks here and around the world bail-out bucks. Now those banks/countries are tanking...and we’re loaned out and in debt to the hilt here.
This slowdown is going to hurt worse than ‘08.
Futures are down 254 here right now.
I'm too scared to think about it.
You really do not think the people with BDS will ever look at the data. That might ruin their pre-conceived notions.
President Bush had nearly balanced the budget, got the USA down to 4.5 unemployment (using the real numbers), scared the nukes out of Libya and was pacifying Iraq.
Then came Obama.
Of course Obama has always seemed to be saved from totally disastrous DJIA days or weeks. When “it” truly lets loose there should be no saving anyone.
And Clinton before him.
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