here comes the stock market correction
 

On top of all the other endless policy disasters of this administration, Biden is now presiding over a stock market correction. One of the very few positive things he could point to as a success was the stock market, and now that’s looking shaky.

The S&P500 is down more than 13% off it’s high, which is officially a correction, and it’s nowhere near done. We are barely in the first inning of the many interest rate hikes to come, which will slow things down considerably.

Remember the term for a recession combined with inflation? It’s called stagflation, they had to invent a term for it when Jimmy Carter was president. And this has all
the earmarks of stagflation 2.0.

Time to hold cash.

It’s all Elon Musks fault.

It’s world wide Jim

World in early stages of ‘very significant’ recession: Economist Nancy Lazar
Lazar also predicts 'lower inflation is coming' She said on FOX https://www.foxbusiness.com/economy/...st-nancy-lazar

COVID-19 lock downs in China disrupted global supply chains war in Ukraine,,Russia claiming nukes are a possibility yet. you keep claiming all these policies disasters but as far as I can tell Biden’s hasn’t made any changes or influence stocks or the market at all ….

Trump has tweeted about the stock market at least 60 times since his election in November 2016.
The president Aka Trump has explicitly tied his administration’s actions to stock market records but did not mention
markets during a public appearance

Another lie you bought into . that some how the POTUS has influence the stock market ,

The market has been in its own little bubble for the last 10 years with crazy valuations of companies who produced no tangible product , and now they are happy with taking what money they can running back to the sideline with their cash, so they can swoop in to buy everything back on the cheep and start all over again

Ps it’s funny you think Musk is your savior, or is it you think he’s owning the libs

From MUSK himself I am actually a socialist. Just not the kind that shifts resources from most productive to least productive, pretending to do good, while actually causing harm. True socialism seeks greatest good for all.

Let me guess hyperbole
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"It’s world wide Jim "

covid was also world-wide, as you may have heard. But you trashed Trump for it's impact on the US.

That, my friend, is an example of "wanting to have it both ways".

The democrats is never wrong, the republican is never right. we get it, OK?

"as far as I can tell Biden’s hasn’t made any changes or influence stocks or the market at all …. "

Biden printed trillions and trillions of dollars, and added them to the economy at a time when supplies of goods were low.

Since you claim to know a lot about macroeconomics, please tell us what you expect to happen, when goods are in short supply and money is everywhere?

Answer: hyper inflation. You'd OBVIOUSLY get hyper inflation in that scenario. How could you not get inflation on that scenario?

The president can influence taxes, trade deals, regulations, monetary policy...you're saying those things have zero effect on the stock market? No effect?

Man, oh man, you're something...

You are terrified at what's coming.

At least you can profit from your partys imminent demise this fall. Hoard cash, and put it in stocks during the recession, and leave it there for several years. That's good advice.

"Ps it’s funny you think Musk is your savior, or is it you think he’s owning the libs"

Why do you keep saying he's my savior?

He is absolutely owning the libs right now, they are making complete azzes of themselves. The entire country sees that liberals don't want both sides to be able to speak. The entire nation sees that the left is terrified at the thought of transparency. And the entire nation knows why.

Of course, the left is attacking Musk, calling him a racist, and NBC said an anonymous source (naturally) said Musk can't be trusted around our daughters. So with zero evidence, they say he's a rapist. Getting the Kavanaugh treatment.

Twitter is like gratuitous sex. Sometimes fun. Sometimes disgusting. Sometimes dangerous. But in the end, it's important to remember that you got it for free...

... and Elon Musk had to pay for it.
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