American Economics Thread

Gatekeeper

Brigadier
Registered Member
You knwo it's bad when $1.5T liquidity doesn't even help.

It is unbelievable. Unheard of that the Dow plunged twice within a few days, and the market has to intervene to stop trading. And now this massive injection. You're talking $1.5T. A value equivalent to the total annual output of Canada! Yet, it still didn't make the from page of the MSM.

If this was happening in China, you would bet your bottom dollar that Gordon and Millie and the rest of the MSM will be plastered this as proof of their coming collapse of China at last on their front pages!
 
106439242-158404359202920200312_dow_one_day_losses.png


guess on this very special occasion I don't need to say anything except the source for this chart:
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Rettam Stacf

Junior Member
Registered Member
Well, the address to the nation by Trump didn't calm nerves! Trading has to be stopped twice within a week! Unheard of!

View attachment 58301

Dow slips 1,300 points as Trump coronavirus response disappoints, Fed funding cuts some losses

Gatekeeper, just cannot stop myself from responding to your post - his cousin from Italy jumped off a tall building after discovering that he too was infected by Coronavirus.

1584128336292.png
 
Yesterday at 4:57 PM
24 min ago
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LOL!
LOL looks like he's had the last lough:

Dow Jones Industrial Average
23,185.62 +1,985.00 (9.36%) Mar 13, 16:20 EDT

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maybe if I ever have a grandking he (or she, LOL!) will ask me like hey Jura do you know in the past Dow plummeted 10% one day and recovered the next day? and I'll say, honey I followed that online
 
Last edited:

AndrewS

Brigadier
Registered Member
Yesterday at 4:57 PM
LOL looks like he's had the last lough:

Dow Jones Industrial Average
23,185.62 +1,985.00 (9.36%) Mar 13, 16:20 EDT

Please, Log in or Register to view URLs content!


maybe if I ever have a grandking he (or she, LOL!) will ask me like hey Jura do you know in the past Dow plummeted 10% one day and recovered the next day? and I'll say, honey I followed that online

China and Europe account for roughly 40% of global GDP.

That alone is enough to cause a global economic downturn.

And things still have to get worse in Europe and the USA.

The US is another 20% of global GDP.

Stock markets are nowhere near pricing the economic damage and the waves of bankruptcies and unemployment that is going to hit.
 
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