Posted on 10/10/2018 1:16:11 PM PDT by SoFloFreeper
Watching the Fox biz hour via YouTube.com, and they have shown some graphics on the Dow losers of the day.
Looks like the biggest loser of the Dow 30 so far is the America hating NIKE. Down more than 6%.
The Federal Reserve is working on causing a recession.
The yield curve is getting flat, but it usually takes some months after the yield curve is inverted before a recession begins.
I don’t want it to affect the 2020 election. Trump will have to keep an eye on the Fed.
Dumbass pundit is saying it will go down 40%.. The Left trying to crash the market for the midterms?
Yep.. I going to wait awhile though.
My brother had recently purchased some dark Nikes. After the Kaepernick deal, he put some dark tape over the swishes. I swear, you couldn’t tell until he pointed it out, and then I had to really look closely. He said he wasn’t going to throw out new shoes for the price he paid for them. but wouldn’t be caught dead being seen in Nikes. I thought it was a good compromise.
Nope..it was ability to buy stocks on margin for 10 cents on the dollar. That is my opinion. You are entitled to your opinion. None of us can prove it in supreme court.
Trump is powerless to control the Fed. By law, it is independent body.
It can’t plunge 7000 points so long as 10 year treasuries are yielding less than 4.5%.
Good point.
Tomorrow it’ll rumble back up. The boys orchestrated the takedown to steal a little money before the big run up to the mid terms.
This is about the Fed interest rise...Trump said it should not have been raised again.
With that market drop, the DowIndustrials Index is still above both the value three months ago as well as a year ago. The NASDAQ is below its value three months ago, but not below the value a year ago. The S&P 500 index is near the value of three months ago but still higher than a year ago. It all looks for now like just a market correction. Only time will tell if it is the beginnind of something more, though in my own view the stock markets ARE overvalued, on a fundamentals basis, and more drops would not surprise me.
In practice the Fed is not independent and Trump can use the Treasury to counter the FOMC’s actions.
Trump already fired a warning shot across their bow a month or two ago.
The Soros Crowd is trying to provoke a panic sell-off.
And the Fed ignored that warning shot, and went merrily ahead with another hike, and promised 4 more before end of 2019. Even after that interest rates will still be below the average of last 60 years.
Interest rates are lagging indicators of economic performance.
Now would be a great time for a “negro who doesn’t read” like Kanye West to put his brand on some Nike-killer shoes.
I disagree. Interest rates are still way below previous 60 year average after the Fed increase. Keeping interest rates artificially low causes serious inflation of hard assets, causing a harder landing later on.
The artificially low interest rates is why the stocks remained strong during the weak Obama economy. While the housing market still remains overvalued.
Fed’s main job should be to defend the US currency, not try to manipulate the economy. That job belongs to politicians.
Finally, Rational Expectations comes through....
The Fed has NEVER been about Zer0 Inflation.
They are highly partisan and deeply supported Hussein.
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