No. of Recommendations: 3
Dow futures pointing down 900 points. Could be another rough day in the markets.
No. of Recommendations: 1
"Dow futures pointing down 900 points. Could be another rough day in the markets."
OPEC volunteers to raise oil production.
https://www.google.com/search?q=opec+production+in...That can't be good for domestic oil producers. I imagine they'll be cutting back, don't think they can compete on price with OPEC ( I know next to nothing about it ). That could lead to job cuts in the domestic oil patch.
But average American gonna luv lower oil
prices.
No. of Recommendations: 6
But average American gonna luv lower oil
Trump will undoubtedly claim credit for lower oil prices, and in this case, he is probably correct.
The market always anticipates reduced demand when a recession looms. Not as many trucks on the highways or people driving long vacation miles (or even driving to work with job cuts).
And nothing screams “recession” like a good old fashioned trade war.
Even if he reverses course, significant damage has already been done. It’s said that the one thing markets detest is uncertainty, and uncertainty, as well as continuing uncertainty over what-the-hell-is-he-going-to-do-next is Trump’s middle name.
All those folks on Wall Street who winked and said “He’ll never do what he said he was going do do” aren’t saying that anymore. And now, even they don’t have a clue what he’s going to do next.
And the “Masters of the Universe” tend to pull in tgeir horns when the road ahead grows murky. And Voilà! We have a recession.
No. of Recommendations: 0
I admit, I did not think the nutty stuff would happen.
But for now the tribe has to protect its leader because in a tribal country - where else do they go. Once the tribal leader is truly weakened, they'll start to venture out. I said it would be next year but seems it's gonna be pulled forward.
PS: I know *nobody* in TribalAmerica would dream of this *but* -- while protesting and honking is ok..... I wonder what is the result of Democrat voters - rank and filers TRULY believe in "resistance" and "our job is to stop Trump".
If it is..... they should say
"If you are a GOP Senator or Congressmen who wants to block all this stuff....come on and do it and in return in your district, state, especially swing state, WE will vote for you. We'll hold our nose, BUT we actually *mean it* when we say Stop Trump -- and we're willing to do a hard thing, much harder than protest.
If even handful take that offer ----you've got a whole new equation.
