Luckily, this blog has its assets protected in classic, lightly used Star Wars action figures.
Meanwhile . . . The rest of the economy is deservedly going to Hell.
Here's MSM putting the blame on the Prez . . .
NPR: Dow Drops 724 Points Amid Fears Of A U.S. Trade War With China
Reuters: Stocks tumble to worst day in six weeks after Trump tariff action
MarketWatch: Dow, S&P 500 threaten to log their ugliest loss in March in 17 years
And whilst policy and the changing economy continue to have an impact on the same recession that's been impacting the working poor since about 1967 . . . The culprit for this latest bout of harsh times is closer to home as some of the smarter denizens of our blog community have long understood . . .
New York Times: Fed Raises Interest Rates for Sixth Time Since Financial Crisis
And this last news item actually impacts Kansas City more directly than politico playing economist . . . Higher interest rates will hit Kansas City harder given this town's penchant for borrowing to cover developers and pet projects.
Developing . . .
many pundits think that the market is too high and that a retracement would be healthy.
ReplyDeletecalling daily moves a crash is not accurate.
october 87 was down 22% in one day.
Oooops.....might be a prewar haircut coming now.
ReplyDeleteWatch tomorrow.
The interest rate hikes are tied to the tax cuts. They did not cause what happened today.
ReplyDeleteAmericans want cheap consumer goods while earning high wages. They want lots of government services without paying taxes.
The really significant thing that happened today was that America official ended our complicity in China's One China policy. As far as China is concerned a state of war now exists between us.
It has to happen sometime or we’ll perpetually be Chinas bitch.
ReplyDeleteWe'll have to bring back the draft, but don't worry we'll still have college deferments so the rich & the middle class don't have to fight.
ReplyDeleteAs we speak, ICE is deporting an Iraqi War Veteran because he's not an American Citizen. From the cotton fields to the soy fields to the killing fields we use them up & then throw them away.
As a few predicted twenty years of recession for some a Depression. Inflation corporations,laying off or going out of business. Commercial real Estate with empty buildings.Home value decline. Hotel occupancy down fewer conventions. City's going bankrupt. A President being Impeached. The crime the Dreamers out of work. ..
ReplyDeleteNOTE YOU CAN LOOK THIS UP .THE CENTRAL BANK WANTS TO BRING DOWN THE U.S. ECONOMY TO BRING DOWN THE PRESIDENT. TRUMP WANT TO AUDIT THE FEDERAL RESERVE. AND PUT A END TO TOO BIG TO FAIL..AND THE FEDERAL RESERVE CORRUPTION
ReplyDelete........and audit the IRS too.......
DeleteAll of this winning hurts. Who needs a 401k retirement WITH money at the end anyways? MAGA!!!
ReplyDelete6:50: Could you clarify exactly what we can look up?
ReplyDeleteRetro Rocker-are you 12 or retarded? Trump fired Janet Yellin and appointed Powell to run the Fed. Idiot. The market tumble is a direct result of the stupid idea to impose tariffs. The President is a business failure. This is what happens when you elect a moron.
ReplyDeleteRetro ROCKER can't make this up The information is out there you are a moron for not being informed. I work with Insider For years. I don't make this up. Fact Check. ...The experts are reporting this not me. .
ReplyDeleteLook under Federal Reserve audit.
ReplyDeleteI can give you many links but this is TONYS SHOW AND I'M JUST WATCHING HISTORY AND IT WILL BE HUGE
ReplyDelete....so you’re retarded then?
ReplyDeleteI've always known Retro was a retard.
ReplyDeleteTrump will wait until Congress is in recess, then start bombing North Korea.
ReplyDeleteHe needs the deflection & he needs to act big, because everyone knows he can't beat up Joe Biden, or anyone else.
Look for a lot of flag waving & calls to stand by the Commander in Chief.
If we don't take out every missile with our "surprise attack", then they will fire back. If you have loved ones in Guam ....
Boy those tax cuts are really working.
ReplyDeleteBy the way, Orange syphilis riddled brain-in-chief signed another partial year omnibus budget bill with $1.2 Trillion in new spending. The republicans big fuck you to the country and those that care about debt.
The US added a new trillion in debt at the fastest rate since the great recession. There is no excuse for that when the economy is "booming".
Wait, that explains it. Trump's MAGA economy is not bringing back high paying jobs, but is built on Borrow & Spend again. Stealing from the future. Prosperity on the national credit card.
The biggest theft is that the prosperity is not trickling down to the workers. Billionaires like Trump and his family are just lining their own pockets at our expense.
....like Tony invests his entitlement checks in the stock market??????
ReplyDelete