American Economics Thread

[Bernard]

how you doing Bernard, you back?

I am back, but discouraged to start digging through what I have missed in my favorite forums. As they did not save my last unread post spot and I have also missed so much. haha

 

[Jura The idiot]

I am back, but discouraged to start digging through what I have missed in my favorite forums. As they did not save my last unread post spot and I have also missed so much. haha

good luck to you anyway

 

[Jura The idiot]

Jun 13, 2018

updating Dec 13, 2017
with "... the Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 percent."
Press Release

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June 13, 2018

Federal Reserve issues FOMC statement
For release at 2:00 p.m. EDT

and

"In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 2 to 2-1/4 percent."

September 26, 2018

Federal Reserve issues FOMC statement

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[Jura The idiot]

here's
Why stocks are suddenly plunging

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(just the link, have to go)

 

[Franklin]

here's
Why stocks are suddenly plunging

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(just the link, have to go)

This could be the beginning of something ugly. I never believed the US economy is as strong as they say in the media or by the officialdom in the US. Far from it.

 

[Equation]

Stocks were plunging due to several risk factors: Federal Reserve raising interests rates, yesterdays hurricane hitting the Florida panhandle area, slow economic growth all over the world, and continue trade tariffs with China.

 

[Jura The idiot]

Stocks were plunging due to several risk factors: Federal Reserve raising interests rates, yesterdays hurricane hitting the Florida panhandle area, slow economic growth all over the world, and continue trade tariffs with China.

yet another factor is the US federal debt (quoting from what I linked Today at 8:56 AM):
"Rates are also going up because the US government is selling more Treasuries to pay for the soaring federal deficit."

 

[Jura The idiot]

25,052.83
At close: October 11 4:48PM EDT

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let's wait and see if THIS slump is over

 

[Equation]

25,052.83
At close: October 11 4:48PM EDT

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let's wait and see if THIS slump is over

So far it went back up again. But the bottom line this will probably be the new norm as stocks will be more volatile than ever. We'll see huge ups and downs for the future.

 

[Jura The idiot]

So far it went back up again.

right now it says
25,124.85
+72.02 (+0.29%)
As of 2:53PM EDT.

so it's like what it had been before they opened today LOL so during the day they could've been walking in the Central Park instead and kept the place closed

But the bottom line this will probably be the new norm as stocks will be more volatile than ever. We'll see huge ups and downs for the future.

a perfect opportunity to get rich quickly then, no? LOL!