The “Water Cooler” is a feature on Claycord.com where we ask you a question or provide a topic, and you talk about it.
The “Water Cooler” will be up Monday-Friday at noon.
Today’s question:
QUESTION: Are you worried about the state of the economy after today’s stock market “bloodbath?”
Talk about it.
9 comments
Not quite yet but getting there.
It’s a wait & see, … not much will get better if there aren’t any positive changes.
But the media keeps telling us the economy is strong, that Harris is the greatest, and Biden is as sharp as a tack. The US GDP is about 1/5 of the global economy, that means when a change occurs in the US economy, it has a significant domino effect on the rest of the world.
Under the Biden/Harris Administration, prices have been soaring, no one is buying, and retail stores are closing. Once again, Trump was right, Biden/Harris = global market crash, and America comes last.
To answer the question, no, I’m not worried. Why? Because I’m not a neurotic pessimist, and I do not overly concern myself with situations or circumstances that I have no control over.
Economy is showing cumulative negative effects of biden harris regime’s mismanagement, gross overspending and apparently a lack of understanding of economics.
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Businesses need political stability and regulatory certainty before they’ll risk capital, neither of which exist under biden harris. so business sits on their cash.
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The Federal Reserve as usual, did another FUBAR.
Here’s their track record https://fred.stlouisfed.org/series/FEDFUNDS
Chart shows relationship between holding rates too high for too long and recessions.
Are there other factors, yes, but FED has track record.
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As for the stock market, panic is good, gets rid of a bit of the over valuation and gives margin players a wake up call.
Not at all. It is normal for the dow to loose up to 3% on any given day. I would sweat if the dow lost 8% or greater in any given day or it dropped so much that trading is halted.
No – but just wait for it if Harris gets the WH nod …..
Heck no . It’s all politics make economy look bad to get Biden/ Harris out then 📈back to Buisness. I been buying this past week. I either retire at 40 or 80 😂
Yes
The economy? No. The people in charge – yes.
If people would stop being so paranoid and selling stocks and spreading rumors,, everything would be fine. Making your own problems dummies.
Kamala is bringing everything down. I cannot stand looking at her.