i heard someone say just now A week is a long time in the economics of pandemonium

and then you got the premarket being down 1% for three hours and now it's 'een the gdeen'

there is no better horse track in the world than the stock market

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8.3% inflation

Americans Lose Trillions As Markets Dive

Americans have lost over $9 trillion from the falling stock market from the beginning of the year to the end of the second quarter.

Corporate equities and mutual fund shares fell from $42 trillion at the start of the year to $33 trillion at the end of the second quarter, according to a report published Tuesday by CNBC. Previously this year, Americans’ total net worth fell by $6.1 trillion between the end of March 2022 and the end of June 2022. Experts estimate the current total wealth losses from the stock market are between $9.5 trillion and $10 trillion.

Posted by rsp777 on 9/28/2022 12:56:00 PM (view original):
One HUGE problem that most gloss right over is the fact that, since the Reagan era common working pensions have disappeared and they’ve forced every tom, dick and harry into the stock market with their retirement funds. And dick and harry don’t really know anything about investments and markets, despite their claiming to be "wise" and "professional" day traders. Now, since they were forced into the market by their disappeared pensions and the push to put their money into the great 401k scam they’re clueless about how and why they’re all losing their *****. It all goes back to Reagan. He started destroying unions and handing power to big corporate and the regular guy has been getting bent over for 40 years because Reaganomics is all the GQP knows and they’ve slowly destroyed unions and the middle class in the process. Taking your retirement away from you is an exclusively Republican ideal that's been brewing for 4 decades and they're closer than ever to actually doing it. They'll do it by raping you in the stock market or by cutting Social Security, but one way or another it's the Republicans that are coming for your retirement, not the Democrats.

MAGAMAGAMAGAMAGAMAGAMAGAMAGA

President Joe Biden attempted to put historic levels of inflation "in perspective" on Sunday, arguing that last week's inflation number was up "hardly at all" from the previous month.

When asked by CBS's Scott Pelley on 60 Minutes on Sunday what he could do "better and faster" to bring down price increases, Biden said that the 8.3% annual inflation rate revealed last Tuesday was "just an inch" higher than the previous report and that people shouldn't act shocked at the number.

"Mr. President, as you know, last Tuesday, the annual inflation rate came in at 8.3%. The stock market nosedived. People are shocked by their grocery bills. What can you do better and faster?" Pelley asked Biden, to which he responded, "Well, first of all, let's put this in perspective. Inflation rate month to month was just an inch, hardly at all ..."

IT'S ON-LY

AN INCH

SEPTEMBER 27, 2022

Satire: My Unbelievable Interview With Biden

JP Sears asks Joe Biden some tough questions.

Watch the Very Sad Mental Decline - Joe Biden Then and Now

One HUGE problem that most gloss right over is the fact that, since the Reagan era common working pensions have disappeared and they’ve forced every tom, dick and harry into the stock market with their retirement funds. And dick and harry don’t really know anything about investments and markets, despite their claiming to be "wise" and "professional" day traders. Now, since they were forced into the market by their disappeared pensions and the push to put their money into the great 401k scam they’re clueless about how and why they’re all losing their *****. It all goes back to Reagan. He started destroying unions and handing power to big corporate and the regular guy has been getting bent over for 40 years because Reaganomics is all the GQP knows and they’ve slowly destroyed unions and the middle class in the process. Taking your retirement away from you is an exclusively Republican ideal that's been brewing for 4 decades and they're closer than ever to actually doing it. They'll do it by raping you in the stock market or by cutting Social Security, but one way or another it's the Republicans that are coming for your retirement, not the Democrats.

Stocks Tumble On The Heels Of Another Disastrous Inflation Report

As of Friday, the Dow was down 21% on the year, while the S&P 500 lost 25% and the Nasdaq had plummeted 32%, all easily surpassing the 20% loss that is typically considered the sign of a bear market, according to the WSJ. The Nasdaq and S&P 500 fell for the third quarter in a row for the first time since a streak that ended in March 2009.

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Inflation for DUMMIES! EPIC thread breaks out some serious puppets and crayons to explain how INFLATION really works

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Bidenflation: ‘We’re Making Progress’

That’s what Joe Biden boasted about inflation last month, but it remains persistently high.