FED left rates unchanged

[Vermonter]

Frankly, if the market is going to collapse 2008 style, I'd just as soon Kamala be president.

Assume this is why they picked her. Pretending to put up a fight, but not really. She wins and the market tanks then they can just go back to saying how bad she is.....

....like they were doing 3 weeks ago

 

[Charles West]

We could be shooting for a 20% correction backstopped by another lousy ISM print like we've had during the last 18 months.

 

[Charles West]

ISM better than expected.

 

[Charles West]

All we need now is for the Mid East to blow up and the commercial loan market to melt down.

 

[Terrel L. Shields]

Globalization has helped our economy grow.

Even Paul Krugman admitted globalization had been less than what he expected. Perot was right. The giant sucking sound was our jobs leaving for Mexico and China. Trump renegotiated NAFTA to get a fairer deal for the USA. NAFTA destroyed jobs and entire industries. Appliance manufacturing for one. And even low tech. Farmers used to grow broom corn used in straw brooms - and they made brooms in Alabama. NAFTA literally destroyed the broom corn market overnight and sent it to Mexico.

It lowered wages. That mean lower incomes and means people cannot afford your high rents. That's why some of your businesses stay unleased for months. Surely you understand that a vacant space is a money pit, not a money maker. We had a plant that made plastic lawn chairs 30 years ago. It's gone and that plant has been empty for years. Likewise, we had a Franklin Electric plant that made submersible pump motors - not the pump, just the motor. Notorious for long life in a well. No so anymore. They fail about 10 years on average. Made in Mexico now and that plant has been vacant at least 20 years...and for sale and for sale...on and on. Nobody has a use for it. I think it will be redeveloped and the plant building taken down eventually. And the land (about 20 ac.) will be developed into housing on the back side and commercial buildings along the highway frontage.

Globalization has 'backfired': ex-Trump trade official

Nations must pick partners that help ensure security, Nazak Nikakhtar says

asia.nikkei.com

 

[djd09]

JUST IN: Biden’s Senior Economic Advisor Resigns After Market Crash​

Joe Biden’s senior economic advisor Gene Sperling resigned on Monday after stocks tumbled around the world.

Japan’s Nikkei lost 4,451 points on Monday, its biggest single day loss since 1987.

The ‘Magnificent Seven’ will shed $1 trillion in value, Reuters reported.


Apple and Nvidia led the sell-off.

JUST IN: Biden's Senior Economic Advisor Resigns After Market Crash | The Gateway Pundit | by Cristina Laila

Joe Biden’s senior economic advisor Gene Sperling resigned on Monday after stocks tumbled around the world.

www.thegatewaypundit.com

ouch...

 

[Terrel L. Shields]

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens around the world.

apnews.com

The S&P 500 was down by 2.4% in midday trading and on track for its worst day since 2022. The Dow Jones Industrial Average was reeling by 864 points, or 2.2%, as of 11:40 a.m. Eastern time, and the Nasdaq composite slid 2.7%.​

​

The drops were just the latest in a global sell-off that began last week. Japan’s Nikkei 225 helped start Monday by plunging 12.4% for its worst day since the Black Monday crash of 1987.​

Watch for Biden to blame Trump for it...and every Democrat in America believe it.

 

[Charles West]

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens around the world.

apnews.com

The S&P 500 was down by 2.4% in midday trading and on track for its worst day since 2022. The Dow Jones Industrial Average was reeling by 864 points, or 2.2%, as of 11:40 a.m. Eastern time, and the Nasdaq composite slid 2.7%.​

​

The drops were just the latest in a global sell-off that began last week. Japan’s Nikkei 225 helped start Monday by plunging 12.4% for its worst day since the Black Monday crash of 1987.​

Watch for Biden to blame Trump for it...and every Democrat in America believe it.

Kamala is blaming Trump.

 

[Fernando]

Well king fern, then you would agree to appraisals being done by people in india with CU help. and maybe the inspections done by illegals who need work. Bet that would help your personal economy grow, or go straight to h'll not watching your salary going up as you understand economics.

Wake up. Service jobs can't be replace by out of country workers. Certain jobs can be and companies will take advantage of it.
Just like US dollar is strong to Mexico Pesos. Make sense for the Mexican workers to come and get US jobs.

 

[Dublin ohio]

Wake up. Service jobs can't be replace by out of country workers. Certain jobs can be and companies will take advantage of it.
Just like US dollar is strong to Mexico Pesos. Make sense for the Mexican workers to come and get US jobs.

Is that you Kamala