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Libs say it's an extension of Obama's recovery, not trump's, but in this case trump or Obama is a false choice. The economy isn't measured by one day that the Dow dropped. That's what I object to, that he picked out one day of the 1100+ that trump's been in office. Check out the chart at the link. I can't get it to copy here. Anyway, the graph picks up points in time where there were dips but still the trajectory was upward.
https://virtueofselfishinvesting.s3.....png?link=mktw
“What greater gift than the love of a cat.”
― Charles Dickens
Phantasmal (02-26-2020)
Phantasmal (02-26-2020)
Phantasmal (02-26-2020)
I was just reading where some economists say trump's actions are no different from QE.
Powell says Fed will aggressively use QE to fight next recession
Economists split on whether Fed policy is 'quantitative easing'
“What greater gift than the love of a cat.”
― Charles Dickens
Phantasmal (02-26-2020)
The "fact" that the markets are having a "knee jerk" reaction to a virus proves the Central Bank petrol dollar World Economy based upon credit instead of a precious metal standard....SUCKS. No one can control an out the box bio-weaponized common cold virus....except the nation from which this virus was introduced. (guaranteed they have in their possession a vaccine). Think about it.....how many died from the flu just last year alone (no panic)…...80,000 people died from the flu or complications associated with the flu. This virus...world wide deaths? In China thus far...….about 400 people have died as a result of this latest virus.
Its the Central Bank and the Chicom's method to attempt to control the DONALD. It will fail because unlike 2008 when the US TAXPAYERS bailed out the elite world banking families.....Trump will allow them to burn to the ground as he returns the US economy back to the gold standard...he already has the global trading partners required to simply tell the world banks to go to hell in a hand basket.
Think about it....who is getting hurt the most from these market adjustments? Its like a child crying and then holding its breath.....sooner or latter they will have to simply TAKE A DEEP BREATH. These adjustments are not about supply and demand....these adjustments come from FEAR. Bet you ass this was a planned event to draw attention away from a World Brexit against a Global Banking system.
Last edited by Ralph; 02-25-2020 at 06:23 PM.
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Earl (02-26-2020)
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