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Thu Mar 1, 2018, 01:38 PM

Is anyone looking at Dow Jones?

It's down over 320 pts! Wonder if it has to do with Trump adding tariffs on China?

20 replies, 1853 views

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Arrow 20 replies Author Time Post
Reply Is anyone looking at Dow Jones? (Original post)
imanamerican63 Mar 2018 OP
Weed Man Mar 2018 #1
MissB Mar 2018 #2
politicaljunkie41910 Mar 2018 #3
Wellstone ruled Mar 2018 #4
Hoyt Mar 2018 #6
Watchfoxheadexplodes Mar 2018 #5
njhoneybadger Mar 2018 #7
still_one Mar 2018 #8
Loge23 Mar 2018 #9
Johnny2X2X Mar 2018 #10
old guy Mar 2018 #11
underthematrix Mar 2018 #12
cilla4progress Mar 2018 #13
bronxiteforever Mar 2018 #15
scheming daemons Mar 2018 #14
SunSeeker Mar 2018 #16
PoindexterOglethorpe Mar 2018 #18
malaise Mar 2018 #17
SCantiGOP Mar 2018 #19
kurtcagle Mar 2018 #20

Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:38 PM

1. Yup

 

Waiting for every single Republican to turn in their resignations today.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:39 PM

2. One would assume so

I know I cursed when I read the breaking news on the tariffs. I think I also said “damn him, is he trying to crash the economy?”

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:40 PM

3. Yes that's part of it plus Carl Icahn running his mouth.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:41 PM

4. Look out below !

Conservative Policies in action. Talk about massive Inflation to come. Unemployment goes to 10%.

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Response to Wellstone ruled (Reply #4)

Thu Mar 1, 2018, 01:44 PM

6. I wish it were just GOPers who supported this.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:42 PM

5. Fox business running with "still correcting"

As pain runs across their faces.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:45 PM

7. We need the Stock market to crash in Oct.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:49 PM

8. That is exactly what it has to do with. A good number of economists believe a major contributing

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:52 PM

9. Aluminum & Steel prices will soar

We don't manufacture much steel and aluminum anymore - certainly not enough to sustain growth, let alone any serious attempt at infrastructure repair.
This is what happens when a fool is at the helm. Look out below.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:55 PM

10. Economic Nationalism will destroy the global economy

These tariffs are the beginning of a trade war. The inflation that results will be staggering. This type of protectionism leads to depressions and war.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 01:55 PM

11. Not me.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:01 PM

12. I am. It's down over 400 right now

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:02 PM

13. Its almost like he hates us

And is intentionally trying to take us down


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Response to cilla4progress (Reply #13)

Thu Mar 1, 2018, 02:10 PM

15. I feel the same. He does not possess normal human emotions.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:03 PM

14. Trump just raised taxes on 300+ million Americans... of course the DJIA is going to drop

 

... and I bet it isn't even close to done.


Will be down 1000+ by day's end.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:15 PM

16. This is what happens when you arbitrarily flail with tariffs instead of entering trade agreements.

But of course, to enter trade agreements, you have to know how to negotiate and know what you are talking about. There is literally nobody in the Trump administration who can do that.

Shitler is utterly incompetent and is hurting the booming economy Obama handed off to him.

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Response to SunSeeker (Reply #16)

Thu Mar 1, 2018, 02:18 PM

18. Bingo.

I don't think Trump is deliberately trying to crash the economy. But he has so little understanding of how the economy works that he does all of the wrong things. Like stupid tariffs. Like lowering taxes on the rich. Cutting funding to programs that actually help people.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:17 PM

17. Just saw your thread

Damn!
-560

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:21 PM

19. down over 500

Trump's comments today to start a worldwide trade war on steel and aluminum.
Smoot-Hawley tariff bill is considered the spark that set off the Great Depression.

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Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:54 PM

20. The Trump economy

Any incoming president inherits the economy of their predecessor for about a year thereafter. The 2000 dot-com bust was Clinton's (though the 2008 housing bust was wholly Bush). The one major exception I can think of was Obama in 2009, when it was largely his emergency policies that caused the DOW to bottom and rebound in April. Trump becoming president encouraged investors who saw him as basically being very laissez faire and committed to a major business tax cut, which investors saw (incorrectly) as Bullish.

I suspect that we'd be in a mild recession at this point even under Clinton - the market has been overvalued for a while, and a small contraction I think was baked into the cards. However, I think that Trump's effects are now factoring into the mix as well, and he's doing a very good job of turning a mild recession into a severe one.

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