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Dow drops more than 1,000 points, retailers’ profits crushed by inflation
New York Post ^ | May 18, 2022 | Ariel Zilber

Posted on 05/18/2022 12:45:07 PM PDT by fwdude

The Dow fell by more than 1,000 points, putting it on track to break a four-day winning streak, as big retailers reported their profits are getting crushed by inflationary pressures.

The S&P 500 fell by 3% on Wednesday and the Nasdaq shed nearly 4% as investors reacted to a weak first quarter earnings report by Target.

The Dow Jones Industrial Average was recently at 31,618.18 — off 1,036.41 points, or 3.2%.

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


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: bideneffect; gasprices; sanctions
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FJB
1 posted on 05/18/2022 12:45:07 PM PDT by fwdude
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To: fwdude

Biden has a plan to deal with this. It’s called blame.


2 posted on 05/18/2022 12:46:59 PM PDT by FlipWilson
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To: fwdude

Darn those white supremacists!


3 posted on 05/18/2022 12:47:27 PM PDT by ClearCase_guy (It's hard to "Believe all women" when judges say "I don't know what a woman is".)
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To: fwdude

We just need a few trillion more Nancybucks.


4 posted on 05/18/2022 12:50:02 PM PDT by lurk (u)
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To: fwdude

So much for the “greedflation” lie saving the Biden Democrats


5 posted on 05/18/2022 12:51:14 PM PDT by MNJohnnie (They would have abandon leftism to achieve sanity. Freeper Olog-hai)
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To: lurk

Pelosi Piastres!


6 posted on 05/18/2022 12:51:15 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: fwdude

Coup d’etat, anyone ?


7 posted on 05/18/2022 12:51:21 PM PDT by tomkat ( SOTU = FUBAR )
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To: FlipWilson

That’s the plan. That’s how Democrats are. They blame problems on leftover problems from the previous Republican president.


8 posted on 05/18/2022 12:51:33 PM PDT by Dilbert San Diego
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To: fwdude

Biden/Obama/ValJar/Pelosi are rejoicing.


9 posted on 05/18/2022 12:51:38 PM PDT by Allegra
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To: lurk

Yeah, send us lots more free meney to cover these rising costs. That’ll fix it. $100,000 per family should do the trick.


10 posted on 05/18/2022 12:51:51 PM PDT by ProtectOurFreedom (Wanting to make America great isn’t an insult unless you’re trying to make it worse! ULTRAMAGA!!)
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To: tomkat

Why do think Deep State has been so busy purging our military of anyone loyal to our former republic...


11 posted on 05/18/2022 12:54:32 PM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: ProtectOurFreedom

Does this mean put all your money into bonds until November? Price of living goes up and you lose money but what about the slippery slope?


12 posted on 05/18/2022 12:54:32 PM PDT by DIRTYSECRET
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To: fwdude

Ronald Reagan is probably on POS Biden’s to blame list.


13 posted on 05/18/2022 12:55:51 PM PDT by laplata (")
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To: fwdude

The MAIN thing to remember here guys...

Liberals have NO SOLUTIONS to this that wont make it worse!

I am not just saying that as a partisan, which I am. But honestly, liberals’ solution to nearly any problem is to throw money at it.

But in an inflationary environment.. the government throwing money around in an attempt to “help” people, will only create more inflation. This is going to get A LOT worse before it gets better. The only thing that can save us now is Republicans retaking congress in November AND holding the line on any additional inflationary handouts.


14 posted on 05/18/2022 12:56:12 PM PDT by TexasFreeper2009
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To: fwdude

Blue Horseshoe loves Anacott Steel


15 posted on 05/18/2022 12:56:27 PM PDT by RckyRaCoCo (Please Pray For My Brother Ken.)
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To: ClearCase_guy
Darn those white supremacists!

Or those Pesky Russians!
16 posted on 05/18/2022 12:58:18 PM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: fwdude

Just wait for for the restaurant stocks to report. It will be worse.

I expect Costco to do just fine because people will be eating at home much more.


17 posted on 05/18/2022 12:59:51 PM PDT by WASCWatch ( WASC)
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To: FlipWilson

+1


18 posted on 05/18/2022 12:59:59 PM PDT by steel_resolve (The Sleeper Must Awaken. )
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To: fwdude

For me, its all about no sale if it’s not absolutely necessary.

There is no other way to fight this leftist inflation insanity.


19 posted on 05/18/2022 1:01:21 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: FlipWilson
Biden has a plan to deal with this. It’s called blame.

His press gal today was spewing Puh Puh Puh Putin Price Hike, UGH

20 posted on 05/18/2022 1:01:31 PM PDT by 1Old Pro
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