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Stock Market Plummets On Joe Biden's Weakness...


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3 minutes ago, Skans said:

Biden's weakness and his mishandling of China and Afghanistan are the root cause of this particular downturn.  If we had a strong president who continued to make America's economy energy independent and independent from China, US stocks would be rallying on China weakness.  Well, that's what you get when you elect someone who's son took huge bribes from China. 

You're a fucking lunatic. You really don't know as much as you pretend to know.

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Just now, Skans said:

The New York Stock Exchange opens nearly 600 points down this morning after a horrible day Friday.  Annalists fear that the U.S. equities markets and commodities markets are headed for the biggest correction since 2008.  The country and the world have lost faith that U.S. leadership has the ability to effectively address Covid. The U.S., particularly Joe Biden, has floundered on the world stage lately as it pertains to China, Afghanistan, Covid-19 and U.S. economic policy. 

 

Surely, President Biden will be questioned about the sickness that seems to be ravaging the U.S. Economy.  No one expects Biden to address questions about the flailing economy in any meaningful way.  Most believe that he will avoid taking such questions and only speak of "Republican Obstructionism" and blame any economic woes on Donald Trump. 

 

So, I encourage everyone here to keep an eye on what Joe Biden says or does to improve the economy this week.  If the Biden Administration fails to project any positive economy-boosting plans (who are we kidding here - Biden is brain-dead and surrounded by Socialists), then I fear today's sell-off is a harbinger of worse yet to come.

Biden Administration Warns States Federal Debt Crisis Might Trigger Recession

By Jack Phillips
 
September 19, 2021 Updated: September 19, 2021

The Biden administration has issued a warning that the pending federal debt crisis might trigger an economic recession that would affect economic growth and trigger job losses across the United States.

“Hitting the debt ceiling could cause a recession. Economic growth would falter, unemployment would rise, and the labor market could lose millions of jobs,” the White House said in a letter (pdf) to state and local governments that was released Sept. 17.

Arguing that Congress needs to raise or suspend the U.S. debt ceiling, the administration said the debt crisis may affect the country’s recovery after the CCP (Chinese Communist Party) virus pandemic. In July, Congress missed its deadline to suspend or raise the debt limit, prompting several recent warnings from Treasury Secretary Janet Yellen that her agency will exhaust its cash reserves.

“The U.S. economy has just begun to recover from the pandemic and a manufactured debt ceiling crisis would threaten the gains we’ve made and the future recovery,” the White House said.

If the United States defaults for the first time in its history should Congress not act, a number of federally funded programs could be stopped, the White House letter continued to say. That includes Medicaid, infrastructure funding, and disaster relief efforts.

“If the U.S. defaults on its obligations, the ripple effects will hurt cities and states across the country,” the letter added, further saying that the S&P 500 could plunge due to a prolonged standoff.

https://www.theepochtimes.com/biden-administration-warns-states-federal-debt-crisis-could-trigger-recession_4004880.html?utm_source=partner&utm_campaign=whatfinger

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1 minute ago, Whitemajikman said:

Biden Administration Warns States Federal Debt Crisis Might Trigger Recession

By Jack Phillips
 
September 19, 2021 Updated: September 19, 2021

The Biden administration has issued a warning that the pending federal debt crisis might trigger an economic recession that would affect economic growth and trigger job losses across the United States.

“Hitting the debt ceiling could cause a recession. Economic growth would falter, unemployment would rise, and the labor market could lose millions of jobs,” the White House said in a letter (pdf) to state and local governments that was released Sept. 17.

Arguing that Congress needs to raise or suspend the U.S. debt ceiling, the administration said the debt crisis may affect the country’s recovery after the CCP (Chinese Communist Party) virus pandemic. In July, Congress missed its deadline to suspend or raise the debt limit, prompting several recent warnings from Treasury Secretary Janet Yellen that her agency will exhaust its cash reserves.

“The U.S. economy has just begun to recover from the pandemic and a manufactured debt ceiling crisis would threaten the gains we’ve made and the future recovery,” the White House said.

If the United States defaults for the first time in its history should Congress not act, a number of federally funded programs could be stopped, the White House letter continued to say. That includes Medicaid, infrastructure funding, and disaster relief efforts.

“If the U.S. defaults on its obligations, the ripple effects will hurt cities and states across the country,” the letter added, further saying that the S&P 500 could plunge due to a prolonged standoff.

https://www.theepochtimes.com/biden-administration-warns-states-federal-debt-crisis-could-trigger-recession_4004880.html?utm_source=partner&utm_campaign=whatfinger

More proof that Biden is at the root of the U.S. flailing economy.

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12 minutes ago, calguy said:

You're a fucking lunatic. You really don't know as much as you pretend to know.

LOL!

 

 I'm just dumb 'ol Mugwumps from the Okefenokee big swamps.  I dern't no 'bout money.  Dern't learn no efinomics. Jest git me a meth-bong in my single-wide sitt'n nest ta my ping pong.  Oh, but that thar 'ol boy @benson13 o'er yonder he keep try'n ta git in my bunker.  Think's that's ware his wife be.  I ain't say'n, nosiree!

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27 minutes ago, Skans said:

More proof that Biden is at the root of the U.S. flailing economy.

US-Chinese relations started going downhill the moment trump became President:

U.S.-China tensions knock 96% off of bilateral tech investment

TAIPEI -- Political tensions have decimated tech-sector investment between the U.S. and China as the world's two biggest economies attempt to decouple their supply chains, according to a recent report.

Between 2016 and 2020, overall direct investment between the two countries fell 75% from $62 billion to $16 billion, with the tech sector alone plunging 96% over the period, according to Bain and Co.'s latest annual technology report released on Monday.

Investments from China to the U.S. fell much more steeply than those in the opposite direction due to Washington's crackdown on Chinese companies creating geopolitical uncertainties for businesses, Anne Hoecker, the partner with Bain & Co. who led the research, told Nikkei Asia.

"The business environment for Chinese companies in the U.S. was probably a little bit less secure than it was before, and they [China] just turned their focus to investments in Europe and Africa," said Hoecker, who specializes in technology and semiconductor practices.

Chinese overall direct investment to the U.S. dwindled to just $7.2 billion in 2020 from $48.5 billion in 2016. U.S. investment in China dropped 35% to $8.69 billion over the same period. The decline was steepest in technology, real estate and health care-related fields, the data from the U.S.-China Investment Hub showed.

https://asia.nikkei.com/Economy/Trade-war/U.S.-China-tensions-knock-96-off-of-bilateral-tech-investment
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Just now, XavierOnassis said:

Biden has no motive to want the markets to decline.

You can't build back better ....

unless you destroy what you already have......

Biden signed on to the great reset ....as did the cult that now controls him....and many other western nation's .....

AND this isn't conspiracy theory....

Try reading a few of Karl Schwab's books ....

It will give you a glimpse of what is in store for Us .....

And how governments and the elite have decided to take control of our everyday lives .....in the near future .....

Some of the plan has already been implimented ...

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42 minutes ago, XavierOnassis said:

Biden has no motive to want the markets to decline.

Biden has no motivation to do anything, like"

1.  Combat Covid by authorizing booster shots

2.  Bring the J&J vaccine online

3.  Authorize and make available therapeutics for fighting Covid

4.  Being tough on China corruption, China trade-cheating, and China theft of U.S. owned IP.

5.  Backing up our allies in Afghanistan

6.  Backing up our allies in Ukraine as to Russian aggression in Crimea

7.  Backing up our allies in the South China sea.

8.  Working on an offensive treaty with Japan and S. Korea to address Chinese aggression.

9.  Pass a reasonable infrastructure law that would fund only repair of existing highways, bridges and other federally owned existing infrastructure.

10.  Make necessary budget cuts to useless federal agencies

11.  Drain the swamp.  Fight government grift and corruption

13.  Inspire our nation

15.  Inspire anyone

16.  He doesn't even have the motivation to fornicate, let alone  flirt, his wife, Jill.

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10 minutes ago, slideman said:

Stocks are overvalued there's been a bubble this correction is just beginning.

This correction is just beginning.  I think it could wind up down 10-15%

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4 minutes ago, Skans said:

This correction is just beginning.  I think it could wind up down 10-15%

 

Don't expect Adolescent Socialist Malcontents to understand how successful, wealthy Adults make and invest money.

 

And the Democrat National Socialist Regime can't keep pouring Taxpayer money into the market indefinitely.

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3 hours ago, Skans said:

The New York Stock Exchange opens nearly 600 points down this morning after a horrible day Friday.  Annalists fear that the U.S. equities markets and commodities markets are headed for the biggest correction since 2008.  The country and the world have lost faith that U.S. leadership has the ability to effectively address Covid. The U.S., particularly Joe Biden, has floundered on the world stage lately as it pertains to China, Afghanistan, Covid-19 and U.S. economic policy. 

 

Surely, President Biden will be questioned about the sickness that seems to be ravaging the U.S. Economy.  No one expects Biden to address questions about the flailing economy in any meaningful way.  Most believe that he will avoid taking such questions and only speak of "Republican Obstructionism" and blame any economic woes on Donald Trump. 

 

So, I encourage everyone here to keep an eye on what Joe Biden says or does to improve the economy this week.  If the Biden Administration fails to project any positive economy-boosting plans (who are we kidding here - Biden is brain-dead and surrounded by Socialists), then I fear today's sell-off is a harbinger of worse yet to come.

Ouch 

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