Posted on 02/25/2020 1:34:54 PM PST by Berlin_Freeper
US markets plummeted for the second straight day Tuesday, adding to Monday's sharp losses as news about the spread of coronavirus gripped jittery investors.
The Dow (INDU) finished 879 points, or about 3.2% lower, bringing the index's total loss over the past four days to about 2,267.
(Excerpt) Read more at edition.cnn.com ...
If you want to tank an economy, make a big fuss about a virus that kills less people than the flu..the flu kills more people. My nephew had in December Influenza B it was HORRIBLE he had 105 degree fever with no other symptoms we were terrified, took a week before he got over it
The Federal Reserve is keeping short term interest rates too high.
The Deep State may get a recession before the election.
In the words of one of my favorite philosophers, Hank Williams, Jr.
“A Country Boy Can Survive”
The quarantines and and other measures are having a real negative economic effect in spite of the actual threat of the virus.
A correction isn’t the end of the world, it will soon be a buying opportunity again. The S&P was up 30% last year, really people?
That makes no sense. The flu has killed more people because vastly more people have had it. The coronavirus has not yet infected many people. The concern is about what happens when it does, at which point it may kill vastly more people than the flu has.
But as of right now comparing those two things makes absolutely no sense.
That is why Trump needs to halt ALL international travel into the US..will it hurt the economy, yes, but its a small price to pay to prevent this illness from coming into the US..the ones who have the virus from ships, etc and are US citizens, they come back here under quarantine, but gotta stop all international travel since its worldwide
Better that this happens now instead of later on this year. But the commies will use this against Trump. It’s very possible that this was planned.
The Chicken Littles are in full the sky is falling mode aren’t they.
Never let a. crisis go to waste.
I predicted this in a post a week or so ago. DJT has been entirely too blase about this. I know he has real dragons to slay but the market is all FUD-driven, it’s psychology not science. Too many of his establishment enemies would adore a 2007-2008 stock market swoon.
Whether or not there’s a real health threat, he needs to seize the narrative. I can’t understand why he hasn’t. IMHO he’s been looking backward, enjoying the post-impeachment victory. While this snuck up on him and he’s getting snookered.
flame away
Of course..its ALL about tanking the economy to hurt Trump..remember when those two people under Obama came here with Ebola, in Texas and Ohio, no one blamed Obama for it
Better this happen now then October.
Would China self-immolate their economy over the flu?
He has been away. He needs to go on tv tommorrow though.
Why do people keep posting this kind of crap? This sucker is far worse than a flu. But keep up with the bull and people will buy into it to their detriment. Everyone should be buying a little extra food as “shelter in place” will be the primary method of dealing with this. Preparation is not panic.
This, too, shall pass...no need for correction now. Recession? No, I don’t see it. Some companies like P&G may take a hit...cheap gas for a while, too. Does anyone like US Steel at $8.50/sh?
Don’t go talking sense...now.
Eventually sanity will return, but in the meantime those intent on spreading panic are causing people to lose a ton of money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.