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Stocks close sharply lower as trade war worries linger
submitted 3 months ago by dcjogger from msn.com
[–]Timmy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 months ago (0 children)
Everytime there are reports that stocks are going down because of trade tensions, they just go back up a little while later. This is not a recession, or anything like it.
[–]dcjogger[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 3 months ago (0 children)
Having a new boss won't change anything.
No one is going to work when everything is illegal and taxes pay for curfews, gun bans, NSA wiretapping, checkpoints, forfeiture, the end to the right to silence, free speech bans, torture, kill lists, no fly lists, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, NDAA, IMBRA, FBAR, FATCA, TSA groping, secret FISA courts, and Jade Helm.
The US stock market is a massive Ponzi scheme. There was a time when the stock market was based on reality, but that time is gone.
The stock gains have come from government cash injections and CEO's buying their own companies stocks back using company money to boost share prices and their own personal net worth.
The economy collapsed in 2008 and the government bailed out the bankers instead of arresting them. Nothing has been fixed.
Most people prefer to ignore a hard fact rather than face it.
Those who fail to learn from history are doomed to repeat it. There was a bubble in 2001 and 2008. Both times there was a crash. Is this time different?
If debt is good, why doesn't the government print and borrow money to send monthly checks for $500,000 to every American?
The lazy are being sent welfare checks.
94 million Americans are jobless.
Wages are flat. Minimum wages are going up only because of government decrees, not because of real free market growth.
Stocks are high only because of QE and the fantasy belief that the government can keep printing money to bail out companies forever.
Interest rates are low because the Fed is afraid to crash the economy and bankrupt the government with higher rates.
Oil prices are low because no one has any money anymore.
The US economy is a house of cards. A large chunk of the hollowed out US economy is basically just consumer, mortgage, student, and auto loans, government deficit spending, overpriced healthcare, and fast food/retail jobs.
How can anyone say the economy is good when wages are flat, corporate profits are falling, spending is falling, sales are falling, orders are falling, jobless claims are rising, gold is rising, stocks are falling, futures are falling, confidence is falling, net worth is falling, inventories are rising, and negative rates are being considered?
The US is headed for a complete economic collapse, a civil war, and WWIII.
Many people are complacent because their government checks are good now and they still have electricity and running water, but there is no doubt the US economy will collapse one day.
No country can print and borrow their way to wealth. Rome, Germany, Zimbabwe, Japan, and Greece couldn't do it.
The US economy might continue for 2 or 5 or 30 years, but one day the house of cards will crash. The US dollar will be worthless, there will be inflation, deflation, banks will shut, bankruptcies and foreclosures will rise, businesses will close, unemployment will soar, there will be bail-ins, capital controls, negative interest rates, riots, bank runs, bank holidays, and gold may be outlawed. Think 1929, 2008, and Greece all in one.
American jobs have been offshored, illegal immigrants are flooding the country, and the US is bankrupt. The government is punishing hard work with taxes and regulations while rewarding laziness with welfare. The government knows this fraud can't continue forever which is why they're building a police state and trying to start wars with Iran, North Korea, Russia, and China to distract Americans and boost the economy.
The world is now in another bubble and governments realize that they cannot print money forever.
The Fed has no more bullets, but the government has real ones.