Stock market slide fuels global financial meltdown fears - 'Talk of recession is rife

Primavera said:
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It's not looking good, guess who is going to get the blame? I think it's just a market correction so far, the full nastiness is yet to come.

STOCK MARKET falls in the UK, US, Europe and Asia have fuelled concerns about a possible global recession.

https://www.express.co.uk/news/worl...k-markets-slide-ftse-nikkei-dow-jones-s-p-500
Click to expand...

Opinion Yes, Donald Trump is to blame for this depression to dump on President Biden's lap to deal with as a result of his lawlessly hacked insurgency of a un-American and grotesque nature from 2017 to 2020, and until eventually the tRump atrocity on humanity got the real majority American boot!, and you want to know why? Well consider the following reasons why:

In an interview with Maria Bartiromo that was comically sycophantic even by Fox News standards (“Where does this resilience come from, that you keep getting things done in the face of all of this?” she asked at one point), President Trump made clear Thursday that though we might be in the worst economic crisis since the Great Depression, anyone looking to place responsibility should look elsewhere:

Trump is at least partially correct. There has been a somewhat understandable reluctance to blame him for the horrific economic situation, given that because of the coronavirus we were forced to put the economy in a kind of suspended animation. It’s reinforced by the fact that Trump only reluctantly supported the stay-at-home orders imposed by states, and almost immediately began complaining that they had gone too far and we should resume normal economic activity.

Especially when so many are using the misleading formulation that we can either save lives or reopen the economy, and Trump is an advocate of the latter (and seems to have moved on from trying at all to control the pandemic), it can make it seem like he’s not responsible for our economic hardship.

But he is. In fact, this depression is absolutely Trump’s fault. He made a series of disastrous decisions that led us to this point, and other countries that have had far different experiences illustrate what might have happened if we had a president who wasn’t so utterly incompetent."

https://www.washingtonpost.com/opinions/2020/05/14/yes-donald-trump-is-blame-this-depression/
 
gemini104104 said:
Opinion Yes, Donald Trump is to blame for this depression to dump on President Biden's lap to deal with as a result of his lawlessly hacked insurgency of a un-American and grotesque nature from 2017 to 2020, and until eventually the tRump atrocity on humanity got the real majority American boot!, and you want to know why? Well consider the following reasons why:

In an interview with Maria Bartiromo that was comically sycophantic even by Fox News standards (“Where does this resilience come from, that you keep getting things done in the face of all of this?” she asked at one point), President Trump made clear Thursday that though we might be in the worst economic crisis since the Great Depression, anyone looking to place responsibility should look elsewhere:

Trump is at least partially correct. There has been a somewhat understandable reluctance to blame him for the horrific economic situation, given that because of the coronavirus we were forced to put the economy in a kind of suspended animation. It’s reinforced by the fact that Trump only reluctantly supported the stay-at-home orders imposed by states, and almost immediately began complaining that they had gone too far and we should resume normal economic activity.

Especially when so many are using the misleading formulation that we can either save lives or reopen the economy, and Trump is an advocate of the latter (and seems to have moved on from trying at all to control the pandemic), it can make it seem like he’s not responsible for our economic hardship.

But he is. In fact, this depression is absolutely Trump’s fault. He made a series of disastrous decisions that led us to this point, and other countries that have had far different experiences illustrate what might have happened if we had a president who wasn’t so utterly incompetent."

https://www.washingtonpost.com/opinions/2020/05/14/yes-donald-trump-is-blame-this-depression/
Click to expand...

You're so full of shit, it's just not funny.
 
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( *This article is more than six months old )

Now it’s official: Brexit will damage the economy long into the future

https://www.theguardian.com/commentisfree/2021/oct/28/economy-recovering-covid-brexit-eu


The experts were right: Brexit is doing economic damage to the UK
It was Boris Johnson’s choice to prioritise “sovereignty” over the economy – and Britain is already paying the price.
gettyimages-1230358906-2048x1365.jpg


https://www.newstatesman.com/politi...ts-were-right-brexit-doing-economic-damage-uk


John FitzGerald: Extent of UK economy’s damage from Brexit has been masked
War and Covid disguise many self-inflicted trade blows sustained in exiting EU

All the economic assessments prior to Brexit suggested that it would have a substantial negative impact on the UK economy.

However, when it finally happened in 2020, it coincided with the outbreak of the pandemic, a smoke screen that hid the initial negative economic effects of leaving the EU. More recently, the outbreak of the war in the Ukraine has caused major disruption, further obscuring how Brexit is impacting on British living standards.

On joining the EU in 1973, the UK’s national income per head was about the same as the EU15, and remained very similar to the euro area up to the time of the 2015 referendum.

However, the last few years have not been kind to the UK economy. Its standard of living today is 3 per cent lower than the euro area, principally reflecting inferior economic performance since 2019.

https://www.irishtimes.com/business...-damage-from-brexit-has-been-masked-1.4870583

bozo-party-hat.jpg
 
Primavera said:
You're just so full of shit, it's just not funny.
Click to expand...

Apparently, the truth and reality of it all has burned another hole on your ass. Yet it is what it is as your darling gutter pimp and twice impeached fake president tRump is an un-American POS and so are his kissers as the living ones who tRump hasn't caused to bite the tRump COVID dust.
 
Primavera said:
.
It's not looking good, guess who is going to get the blame? I think it's just a market correction so far, the full nastiness is yet to come.

STOCK MARKET falls in the UK, US, Europe and Asia have fuelled concerns about a possible global recession.

https://www.express.co.uk/news/worl...k-markets-slide-ftse-nikkei-dow-jones-s-p-500
Click to expand...

The last Covid Relief Bill was nothing more than a vote buying scheme went wrong.

Seems like about half of it was outright stolen by the lying thieves which explains why it was passed in the first place.

Would we have avoided this runaway inflation if the bill was not passed? Maybe yes and maybe no. We cannot know at this point.

What we do know for sure is that it was passed and we do have runaway inflation. The inflation did not start until after it was passed, so... There's that.

We know with certainty that the Social Security COLA's since 1999 added up to about a 50% increase in SS monthly payments to recipients. That is the rate of inflation the Federal Government says we experienced in the 20 years before 2021.

The increases of the theft by the lying thieves in Washington DC since 1999 added up to about a 400% increase in Federal Spending. That is the rate of theft the lying thieves have conducted.

The lying thieves just keep stealing more and lying about it more.

Why do we let this happen?
 
Code1211 said:
The last Covid Relief Bill was nothing more than a vote buying scheme went wrong.

Seems like about half of it was outright stolen by the lying thieves which explains why it was passed in the first place.

Would we have avoided this runaway inflation if the bill was not passed? Maybe yes and maybe no. We cannot know at this point.

What we do know for sure is that it was passed and we do have runaway inflation. The inflation did not start until after it was passed, so... There's that.

We know with certainty that the Social Security COLA's since 1999 added up to about a 50% increase in SS monthly payments to recipients. That is the rate of inflation the Federal Government says we experienced in the 20 years before 2021.

The increases of the theft by the lying thieves in Washington DC since 1999 added up to about a 400% increase in Federal Spending. That is the rate of theft the lying thieves have conducted.

The lying thieves just keep stealing more and lying about it more.

Why do we let this happen?
Click to expand...
Yes, the Trump administration did a very poor job of oversight.
 
Dow tumbles 1,000 points for the worst day since 2020 ...
https://www.cnbc.com › 2022/05/04 › stock-market-fut...
6 days ago — Both of those losses were the worst single-day drops since 2020. The S&P 500 fell 3.56% to 4,146.87, marking its second worst day of the year.


Thanks Slow Joe.
 
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