CNN's Cristina Alesci explains why the Dow fell 800 points after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.
#CNN #News
CNN reporter on Wall Street: It was a bloodbath
Ok Republicans setting the country back, what’s new?.
You are clearly not an economics major. Presidents don’t manipulate the economy, the federal reserve does. The fed “recovered” from the last recession through “quantitative easing” or, in layman’s terms, “propping it up with toothpicks”. Seriously, look it up. This goes as far back as Nixon.
@Anthony Vrooman Please give an example how President Trump said something racist. You seem HOMOSEXUAL or someone that accepts HOMOSEXUALS.
@Scribbles Scribbles I think you attribute way too much authority to the Fed. They have the power to influence borrowing and temporarily inject liquid onto the market by holding bonds and other gov assets, and thats about it. Debt is the authority. The demand for goods is always there. The need to work to pay/avoid debt is what runs the economy. Policy influences the labor market more than the Fed
If the stupids vote for the Orange Head again, expect extreme volatility in the markets that will create chaos on wall street.
Maybe he should only be president of the stupids
Shut up go cleanup aisle 9 working class fool.
@Scuba Steve You are working class also. You just have a low IQ.
Yup going to be a recession. Just like Trump conspired with Russia. Just like Trump is going to get impeached. Just like the left doesn’t instigate violence. How can you fucks still be butt hurt from 2016? We delt with your shitty Obama for eight years.
@GotTwins29 Obama brought us out of recession, not into one.
You manipulated, barely educated, imbecile.
People like you hold back this nation worse than any epidemic of disease could.
Donald’s # 7 Bankruptcy.. and boy oh boy is going to be a doozy, ,,, but hey, at least the Dems will be there to bail America out,
At the expense of 20 trillion dollar debt…which was one of the causes of this..
Wonder if Trump is gonna try and blame Obama for the new recession?🤔
@Shimrra Slower than Obama? He never got near 3%, how do you see what you want to see in the facts? Must be of the Biden(truth above facts) intellectuals.
Duh
@Ben Grimm Lmao x10
@Malan Cronje You’re silly. Can’t even read a graph.
Yes,🥴 that overweight Yellow Hateful Racist Jackass will because he is so consumed with Jealousy over Obama
The moment they said “don’t worry” it was time to definitely worry.
It must all be fully under control because trump is confident enough to take a two week family vacation. RIGHT?
@Robert Di Risio The biggest snowflakes with the floppiest dicks? Poor girl.
Good economy = Donald Trump
Bad economy = Everybody else’s fault
Republicans; if Trump could only run the country like a business! 😆😆😆😆
@Mike Emerick You REALLY need to stop watching faux network
@John Sr. You seem naive, unintelligent and creepy like LGBTQ.
exactly
He is. That’s why things are boomin!
@bernadette black But the country’s doin good! I guess that’s thanks to the Demoncraps.
The rich will come in and buy everything for cheap and further consolidate their wealth.
Pete Fraser Again ?
Maybe that’s Trump’s plan, wreck the economy, buy up the real estate.
@Colin Silver Trump claims he made LOTS of $$$ in 2008 and during the 2016 campaign he was extremely dismissive about the millions of jobs lost and millions of homes foreclosed on because of 2008.
@Colin Silver Yeah, but it seems like his history is, wreck his business. and then wreck his next business, and then wreck his next business, and so on and so on………….never got to that last part……….why he was 1.7 billion in debt
I believe this is the plan now…
Professor Richard Wolff has been predicting this scenario since Trump came in office.
Linda Hidalgo This was the Federal reserve who created this dummy. They are private and not part of the government 🤦♂️SMH
@Thomas Marshall Pretty much every president ever has driven the market to a historic high. As a percentage growth of the Dow, Obama got 70% his first 4 years and 42.5% his second four years. Trump is currently at about 25% growth with a year and a third left. I doubt he’ll even catch Obama’s second term.
@Thomas Marshall
The debt under Obama was accumulated because of the bailout of the banks.
Guess who profited most from it? The rich upper class. Bailing out the banks allowed them to keep and even increase their wealth while the common people had to bear the debt.
And still Obama managed it to bring back the US economy to a growing pace.
However most of the economical growth ends up in the hands of the rich people while the middle class and the working class suffers a lot.
And what is Trump doing? He managed to get tax cuts for the rich.
He also started trade wars with China and the EU because the interest rates of the Federal Reserve were too high in his opinion. This forced the FR to reduce the interest rates to stabilize and boost the US economy.
But this boost is only superficial because it mostly ends up profiting the rich upper class.
It doesn’t help much if you have an all high stock market but the common people aren’t able to profit from it because their wages aren’t growing as much as necessary. It’s not the rich people who keep the economy running in the end. That is mostly accomplished by the common people.
Trickled down economics people!
This is what happens every time you vote republicans in power!
@Scuba Steve Hey clown, Hilary never invented it, it is you retards that keep repeating how successful it will be even though it is not! Lol
We need trickle up economy Yang 2020!
Trickle down doesn’t work but neither does tax tax tax. Ask CA how that worked or Seattle. Both sides need to figure out that we need a balance.
@Michael 0788 wait how do you know that ? We have never done universal basic income trickle-up economy how would you know are you a time-traveler?
Trump’s recession will make Bush’s Great Recession look like Happy Days !!!
Raymond McComas
In deed!!!
There is no point of return this time!!!
@Hellen Anoosheh there is no more money, they are coming for social security and medicare.
Raymond McComas It’s the federal reserve you ignorant moron
No bailouts this time. I will go protest on the White House lawn.
They will shoot you.
How did this happen? I mean didn’t this country elect a stable genius, Even though the so called stable genius filed bankruptcy 6 times 🙄🙄🙄
@Robb El We should deport u
@Robb El look a racist and also a uneducated moron
@Mike Ross 99% of White North Americans are uneducated and moron they use their big mouth to cover their legendary stupidity and this is why the devorce rate is 100% in marrage with White North American girls and females.
@TheOsmanly calls 99% of White North Americans uneducated while misusing correct grammar.. it’s moronic not moron, and misspelling divorce, not devorce. I can tell you aren’t the 1%
@Blake still in the game so do you own your own business? Are you a Billionaire? I doubt it, so until you are I would keep quiet about someone’s business practices
Trump is going to be golfing during at the same time he left the economy heading to a crash. Sure he is winning the trade war by destroying trade.
You’re a moron stock goes up and down it’s not a bloodbath if you look at history every 5 years we have a recession we’re at the 9th year look it up stupid the time to buy
Donald Trump is not making America great again. High tariffs on China is costing our economy.
“Hello, my name is Donald J. Trump. The ‘J’ stands for genius.”
🤣😂🤣😂🤣😂😭😭😭
THANK MR TRUMP WHITE SUPREMACIST LEADER WITHOUT AN IDEA WHAT HE HAS CREATED.
At least trump was honest on this one….. he’ll run the country just like his businesses
Down Down Deeper and Down – precisely the opposite of the Status Quo blockbuster single.
@Harvey Horwitz Stock market rebounded today.
Lol
Lyle Knight just like Herbert Hoover and he plunged us into the great depression
Independents: mad quantities of people are dying, the planet is dying, our morals and values are dying under this president!
Republicans: yeah…but… THE ECONOMY IS GREAT! 😄
Democrats…lets throw another election so we don’t have to take responsibility for the tax cuts