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Thread: Stocks pile on losses amid worries on economy

  1. #11
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    Re: Stocks pile on losses amid worries on economy

    So the bill gets passed with compromises and bipartisan votes and the republicans get blamed when the markets tank afterwards??
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by tessaesque View Post
    So the bill gets passed with compromises and bipartisan votes and the republicans get blamed when the markets tank afterwards??
    Compromise my a$$. As usual the Democrats were forced to hold their nose and sign on to prevent an even bigger catastrophe.

    Boehner: I got 98 percent of what I wanted - CBS News

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    31 days out of 730 days, or 4% = very unusual.

    And, as of one minute ago it was down over 300 points and all gains for the year are gone, at least for now.
    The market is only open 500 days in 2 years, so that's 6%... 1 out of every 16 days... So like once every 3 weeks... No, that is not unusual...

  4. #14
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by The Giant Noodle View Post
    Ohhhhhh NOOOO!!!!! This is bad this is BAD!!!!!

    [B]
    CONTINUED: Stocks pile on losses amid worries on economy - Business - Stocks & economy - msnbc.com
    TWO FACED NoBAMA WENT TO CHICAGO FOR A FUND RAISER MINGLING WITH THE RICH CORPORATE JET OWNERS, THE SAME PEOPLE WHO HE PUT DOWN AND COMPLAINED ABOUT, WHILE ALL THESE BAD NEWS IS GOING ON. WHAT A LEADER!!!!
    Catch me if you can.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    If it was just today it wouldn't be that big a deal but there have been three-figure drops on many days over the last few weeks. All of the savings republicans wanted to force in this debt ceiling fiasco? Just vanished.
    This has zero to do with the debt ceiling, despite your hyperpartisan attempts to make it so.

    The economy is tanking throughout Europe, Spain and Italy are nearing bankruptcy. The recent manufacturing reports didn't help and they've just announced that unemployment claims did not drop below 400,000 last week as previously claimed. If tomorrow's jobless report is bad again, expect the Dow to dive again.

    Not helping matters is the fact that our debt shot up 239 billion dollars in one day and borrowing was over 100% of GDP.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by teamosil View Post
    The market is only open 500 days in 2 years, so that's 6%... 1 out of every 16 days... So like once every 3 weeks... No, that is not unusual...
    You keep telling yourself that, maybe it'll make you feel better about the job Obama's doing with the economy.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  7. #17
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    You keep telling yourself that, maybe it'll make you feel better about the job Obama's doing with the economy.
    I mean, we're definitely having a disappointing recovery from the recession. The stimulus was enough to stop the recession from getting worse, which was the most important thing, but not really enough to get the economy up and running fast. I, and most economists, think we should have gone further with it. That said, maybe that is as far as government should go in terms of trying to tweak the economy- stopping the bleeding and letting it recover on its own. Maybe in the long run the advantages of more organic growth would outweigh the speed of the recovery. I don't know.

    But no matter what the story is with that, obviously he did way, way, better than the Republican alternative. Under Democrats we've had an average of 2.78% growth and only 1.64% growth under Republicans ever since WWII... The whole squeeze the poor and middle class to further enrich the superrich approach to economics is obviously a failure. Those policies created this recession we're talking about remember.

  8. #18
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    This has zero to do with the debt ceiling, despite your hyperpartisan attempts to make it so.

    The economy is tanking throughout Europe, Spain and Italy are nearing bankruptcy. The recent manufacturing reports didn't help and they've just announced that unemployment claims did not drop below 400,000 last week as previously claimed. If tomorrow's jobless report is bad again, expect the Dow to dive again.

    Not helping matters is the fact that our debt shot up 239 billion dollars in one day and borrowing was over 100% of GDP.
    That is incorrect. Of course the debt ceiling contributed to the slide. It has been estimated that the included cuts will lead to hundreds of thousands of job losses and knock .3% off GDP. This is the exact opposite of what the economy needs, which is additional stimulus. The markets take all of these things into account.

  9. #19
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by TOJ View Post
    The fall of the USA continues. No amount of money could buy this much entertainment.

    .
    Got new for you - Europe is driving this. We go down, you go down.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Stocks pile on losses amid worries on economy

    The gains have been artificial. Gains from things like QE can't last. It's a fallacy to think they can. We are simply getting back to a more normal. One should look at housing and realize that any "fix" is simply an attempt to hide the flaws.

    Housing like the markets are going to have to find a natural number devoid of government interference before things can become "normal" again.

    Look at how many times Europe has said they have "fixed" their problems only to see the problems resurface two weeks later. If we hadn't tried to "fix" things starting three years ago we would be far closer to "normal" today.

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