Probably time for a gentle reminder that the markets are not the economy. There are other and better ways to measure whether an economy is going "up" or "down."
Now, do those other indicators, well, indicate that the economy might be contracting, and a recession be in the offing? Yes, to a degree some of them do, and personally I think a recession that starts this year is more likely than not.
But judging the economy by what's happening in the stock markets over a few days, with traders (or more likely algorithms) doing their monkey-see-monkey-do selloff, can be seriously misleading about the health of the economy overall.
The fact that I quoted his post about the market does not mean I was equating the markets with the economy, which is why I said look at ANY or ALL indicators, but your point is fair overall.
I'm on the same page as your second paragraph. The Trumpcession is coming.
EDIT TO ASK:
Would you agree with my point that if all the indicators are what they are, and Harris was President, the right would be going crazy and Fox would be skewering her?
Let me ask this, honestly and sincerely . Would you consider Border numbers plunge( a HUGE voting issue) , and that is real, and gas down considerably as Trump wins? Because if you do not, you cannot drop all the market stuff on his head either.
would be hilarious if trump hate turned what was a sure thing win for the right wing in Canada into yet another government in Ottawa led by the left wing.
The conservatives in canada were heading for a blowout until you know...everything trump touches dies. Now it's a coin flip. Astonishing.
Polymarket | The next Canadian federal election will take place on or before October 20, 2025, to elect members of the House of Commons to the 45th Canadian ...
gas is down to $3.08 per gallon now vs $3.14 a month ago. Few would notice that.
Just like no one would notice fewer immigrants.
But yeah a lot of people will notice that the NASDAQ has fallen 11% in just one month.
Gas is down .27 in my town from just over 10 days ago
At the state level it is down 11 cents from a month ago, that is a drop. Locally, our prices were out of whack and are now down from $3.295 to $3.151 in past month down week over week four straight. 14 plus cents is not minimal. I don't care what the National number is, lol.
would be hilarious if trump hate turned what was a sure thing win for the right wing in Canada into yet another government in Ottawa led by the left wing.
The conservatives in canada were heading for a blowout until you know...everything trump touches dies. Now it's a coin flip. Astonishing.
Interesting, as you pick and choose your stock ticker selectively, biggest losers you can find, such a hypocrite, I care about what effects me, most of the time, most, especially on staples.
Gas is down .27 in my town from just over 10 days ago
At the state level it is down 11 cents from a month ago, that is a drop. Locally, our prices were out of whack and are now down from $3.295 to $3.151 in past month down week over week four straight. 14 plus cents is not minimal. I don't care what the National number is, lol.
It was also over $5 at one point and averaged like $3.60 for Biden's term.
Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD. This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous. I will shortly be declaring a National Emergency on Electricity within the threatened area. This will allow the U.S to quickly do what has to be done to alleviate this abusive threat from Canada. If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada. Those cars can easily be made in the USA! Also, Canada pays very little for National Security, relying on the United States for military protection. We are subsidizing Canada to the tune of more than 200 Billion Dollars a year. WHY??? This cannot continue. The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear. Canadians’ taxes will be very substantially reduced, they will be more secure, militarily and otherwise, than ever before, there would no longer be a Northern Border problem, and the greatest and most powerful nation in the World will be bigger, better and stronger than ever — And Canada will be a big part of that. The artificial line of separation drawn many years ago will finally disappear, and we will have the safest and most beautiful Nation anywhere in the World — And your brilliant anthem, “O Canada,” will continue to play, but now representing a GREAT and POWERFUL STATE within the greatest Nation that the World has ever seen!
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