Keep printing that money, Joe and injecting it into the market. What could go wrong?
Stocks were falling Friday on continued worries that tighter monetary policy from the Federal Reserve and central banks around the world could lead to a global recession. Here’s what else there is to know today.
- Dow Set to Open Below 30,000
- Cano Health, Costco, FedEx, and More Market Movers
- Oil Prices Fall as Central Bank Rate Hikes Threaten Demand
- Bitcoin Prices Are Plunging to Yearly Lows
The big investment banks are pissed they can’t borrow money for free to gamble on the stock market.
Joe: “I did that…”
It’s going to get worse until JPow stops playing cat and mouse with the 2-year. Fed rates have to be higher than the 2-year to have even a chance of stopping inflation. Regardless the formula the fed is using right now is: slow growth, higher unemployment, with the goal of lowering inflation. Add those 3 things up and you get only one thing: RECESSION. 100% guaranteed. Yea, I know we’re already in a recession, but it’s going to get bad enough where Joetard himself will be forced to admit it.
They’re playing with house money anyways – what do banksters care?
And as of this moment the stock ticker banner at WSJ is all red and the Dow has dropped 1.32 points so far this morning.
President Trump at one of the debates: “Joe Biden will cause a depression.”
Biden: “No I won’t!”
Down 1.46% now
Down down over 600, NASDAC, S&P similar losses.
Time to wake up Joey and James Taylor for another party.
Down 1.86 now!
Will wee see 28,000?
All those who started investing since Trump was elected just lost their shit.