"The Dow Posts The Biggest One Day Gain In History."
"The Dow Posts The Biggest One Day Gain In History."
The stock market has been highly volatile for a dozen years, probably longer. So Leftists rejoicing over a potential economic apocalypse, following the Christmas eve crash, might want to learn how the stock market works. I mean, you've got to wonder about the mental and moral health of people who pray for an economic crash. For political gain, no less.
"And The Left pretends to care about people?"
The stock market's recent plummet was caused, primarily, by The Federal Reserve raising interest rates a 7th time. That's since President Trump has been in office. With substantially higher interest rates, everything costs more. Including the nations payments for our ball-busting debt, which we've accumulated over the last 40 years. The result of massive government spending, most of which is the result of 3 things, Social Security, Medicare, and Medicaid.
During President Obama's tenure, The Federal Reserve artificially drove interest rates to their lowest levels in 70 years, and kept them there, pumping trillions of manufactured dollars into the economy, in an effort to keep it alive. In spite of The Fed's heavy handed intervention, the economy was barely growing when Obama left office, at about 1%, well below where it needs to be.
Who's on the hook for all that Obama-era manufactured money and governmental debt? The tax payers. That's who. In other words, our central bank prints money, loans it to the American people, and then charges them interest on the debt, which the bank's did not earn.
"Nice work if you can get it."
Understand something, this is not capitalism. Central banks are about central planning, which is socialism.
Believe me, the distinctions matter.
I could go on. But for now, I'll leave it there.
Mark Magula
The stock market has been highly volatile for a dozen years, probably longer. So Leftists rejoicing over a potential economic apocalypse, following the Christmas eve crash, might want to learn how the stock market works. I mean, you've got to wonder about the mental and moral health of people who pray for an economic crash. For political gain, no less.
"And The Left pretends to care about people?"
The stock market's recent plummet was caused, primarily, by The Federal Reserve raising interest rates a 7th time. That's since President Trump has been in office. With substantially higher interest rates, everything costs more. Including the nations payments for our ball-busting debt, which we've accumulated over the last 40 years. The result of massive government spending, most of which is the result of 3 things, Social Security, Medicare, and Medicaid.
During President Obama's tenure, The Federal Reserve artificially drove interest rates to their lowest levels in 70 years, and kept them there, pumping trillions of manufactured dollars into the economy, in an effort to keep it alive. In spite of The Fed's heavy handed intervention, the economy was barely growing when Obama left office, at about 1%, well below where it needs to be.
Who's on the hook for all that Obama-era manufactured money and governmental debt? The tax payers. That's who. In other words, our central bank prints money, loans it to the American people, and then charges them interest on the debt, which the bank's did not earn.
"Nice work if you can get it."
Understand something, this is not capitalism. Central banks are about central planning, which is socialism.
Believe me, the distinctions matter.
I could go on. But for now, I'll leave it there.
Mark Magula