Here Comes the Recession

#476
#476
MontyPython said:
FFS please read/watch something other Foxnews.

This does a good job of summarizing why Wall Street is selling off today. Not exactly a bastion of left-wing Trump bashers.

"US stock futures plummeted Thursday after President Donald Trump used a national address on the coronavirus to announce a ban on most travel from Europe, but failed to deliver the comprehensive economic and medical response to the outbreak that investors are craving."

"Investors are struggling to see the endgame and "traders are hammering the sell button now thinking the US government has fallen well behind the curve in its [coronavirus] response," said Stephen Innes, a market strategist at AxiCorp."
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And when the big bad virus just disappears by June/July with significantly less deaths than a typical flu season will the investors response have been warranted?

Chuck Schumer wants $40 billion for NY State. That’s more money than it would take to build the entire southern border wall.

The investors are reacting to the market - you just want to blame Trump.

I never hoped for Obama to fail. It appears most liberals want Trump to fail just so they can blame him or say I told you so.
 
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#477
#477
ajvol01 said:
You’re a fool and you’re hoping you’re right because orange man bad.

How does it feel be so full of hate you want the whole country to fail just so you can dunk on Trump?
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You've been behind the 8 ball for some time now, AJ. I will give you two pieces of advice, don't believe Trump and the Q thing is garbage.

And Yes "Orange man bad", orange man deplorable, and Orange man doesn't give two sh!ts about you.
 
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#478
#478
Mick said:
You've been behind the 8 ball for some time now, AJ. I will give you two pieces of advice, don't believe Trump and the Q thing is garbage.

And Yes "Orange man bad", orange man deplorable, and Orange man doesn't give two sh!ts about you.
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You’re in for a reality check. Let’s revisit after the dust settles
 
#479
#479
ajvol01 said:
You’re a fool and you’re hoping you’re right because orange man bad.

How does it feel be so full of hate you want the whole country to fail just so you can dunk on Trump?
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They have been pulling for a recession for 3 years or so now. Imagine being so soft and weak one would hope millions of Americans would lose their jobs and homes simply to make the President look bad. They are a pathetic group of people
 
#481
#481
carlos86 said:
He carefully read a prepared speech off a teleprompter and still screwed it up.
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The speech didn’t create a crisis. Trump screwing up any part of the speech didn’t create a crisis.

The media and the liberals are using every opportunity to blame Trump when there is no reason for laying blame other than to gain a political advantage.

This is about the election. It’s that simple.

The Coronavirus has been overblown by the media to the point that panic selling has tanked the market and stupid people are fighting over toilet paper.
 
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#484
#484
ajvol01 said:
The speech didn’t create a crisis. Trump screwing up any part of the speech didn’t create a crisis.

The media and the liberals are using every opportunity to blame Trump when there is no reason for laying blame other than to gain a political advantage.

This is about the election. It’s that simple.

The Coronavirus has been overblown by the media to the point that panic selling has tanked the market and stupid people are fighting over toilet paper.
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No he just made things worse. And you can’t blow a WHO declared global pandemic out of proportion.
1584020759473.jpeg
 
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#485
#485
ajvol01 said:
The speech didn’t create a crisis. Trump screwing up any part of the speech didn’t create a crisis.

The media and the liberals are using every opportunity to blame Trump when there is no reason for laying blame other than to gain a political advantage.

This is about the election. It’s that simple.

The Coronavirus has been overblown by the media to the point that panic selling has tanked the market and stupid people are fighting over toilet paper.
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His speech spooked markets more, especially when you make a colossal **** up like announcing a stop on trade with Europe.

To believe this all boils dow to the election is so narrow minded and just stupid. An economic superpower and European countries are taking extreme measures. Of course the markets are going to react to that.

AJ, do you believe libs made Trump announce a travel ban? No-because his administration is taking advice from experts and scientists who think this thing could get really bad. Use some common sense here.
 
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#486
#486
carlos86 said:
No he just made things worse. And you can’t blow a WHO declared global pandemic out of proportion.
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Not sure what people think here. Nothing Trump could have said would have changed what happened today. The only thing that would change today's market action would have been good news about the virus losing effectiveness, numbers decreasing, etc. Trump finally acknowledged the seriousness of the cornonavirus. Markets are reacting to that and other things. Colleges canceling classes. NBA cancelling the season. College basketball tourney with no fan attendance. They're anticipating a massive global slowdown and now the Trump admin is acknowledging actions have to be taken.

Nothing outside of the CDC/WHO announcing a breakthrough in immunizations or that we've turned the corner and expect the virus to fade would change the markets reaction. It's following the same path it has for a couple weeks now. Uncertain panic selling.

Even central banks trying to calm things are having no luck.

He's handled it poorly overall for sure. But I'm trying to be realistic about the actual causes instead of throwing out alarmist blame.
 
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#487
#487
roosterjbh said:
His speech spooked markets more, especially when you make a colossal **** up like announcing a stop on trade with Europe.

To believe this all boils dow to the election is so narrow minded and just stupid. An economic superpower and European countries are taking extreme measures. Of course the markets are going to react to that.

AJ, do you believe libs made Trump announce a travel ban? No-because his administration is taking advice from experts and scientists who think this thing could get really bad. Use some common sense here.
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How about you use some common since and get off of the “his speech his speech his speech” tripe? Any negative action the admin took was going to result in some sort of a sell off. Any action whatsoever is going to be and has been criticized by the left. I’ve read quite a bit of the criticism and find it baseless and stupid. I also expected to see negative market reaction to any defensive measure the admin took.

Hey common sense is fun!
 
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#488
#488
TheDeeble said:
Not sure what people think here. Nothing Trump could have said would have changed what happened today. The only thing that would change today's market action would have been good news about the virus losing effectiveness, numbers decreasing, etc. Trump finally acknowledged the seriousness of the cornonavirus. Markets are reacting to that and other things. Colleges canceling classes. NBA cancelling the season. College basketball tourney with no fan attendance. They're anticipating a massive global slowdown and now the Trump admin is acknowledging actions have to be taken.

Nothing outside of the CDC/WHO announcing a breakthrough in immunizations or that we've turned the corner and expect the virus to fade would change the markets reaction. It's following the same path it has for a couple weeks now. Uncertain panic selling.

Even central banks trying to calm things are having no luck.
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Bingo
 
#489
#489
Mick said:
You've been behind the 8 ball for some time now, AJ. I will give you two pieces of advice, don't believe Trump and the Q thing is garbage.

And Yes "Orange man bad", orange man deplorable, and Orange man doesn't give two sh!ts about you.
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OK. We won't believe Trump and the Q thing is garbage.
 
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#492
#492
Just got back from BJs... ahem the store... anyway, the lines were insane. People are losing their collective minds. For the record, I bought nothing and went to Best Buy instead.

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#500
#500
carlos86 said:
Biden campaign sent out a memo basically saying that it’s over and it’s mathematically impossible for Bernie to win.
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You are correct, sir. Biden v. Trump... presuming they don't have heart attacks before November (either candidate). Yeessh. Bunch of old geezers.
 
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