The stock market continued to fall after a steep decline on Monday as inflation continues to impact the economy and the Federal Reserve prepares to announce another boost to interest rates. CNBC’s Kristina Partsinevelos reports.
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#Inflation #Recession #Markets
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The worst president and administration ever – xi – biden.
Why are capitalists clinging on to failed business models ?
"Capitalism contains the seeds of its own destruction" – Karl Marx. God bless 'common prosperity'.
The most prudent thing for everyone to do right now is to invest in other sources of income that do not rely on the government. Especially in light of the present global economic crisis. This is still an excellent opportunity to invest in stocks and digital currencies
Bidens policies are destroying our economy. Transition to what, solar and wind are not a reality we don't have the technology yet for storage to make it reliable.
Want to fix this economy, remove tax on crypto, millionaires will be made overnight
Impeach Biden….problem solved
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
As expected, your "Economic Expert" overlooks a couple of vital characteristics that cast doubt on their truthfulness. Inflation is NOT hitting all segments of society equally. All major players in all major industries are showing record profits. And they are all raising prices faster than the rise in the cost of their production and distribution. Opportunistic Profiteering is driving a significant part of Consumer Inflation.
Advancing computer power and increased automation are forces that suppress Labor Force Participation. There will never be enough advanced technology jobs offering high salaries and demanding high levels of education to alter the Labor Force Participation even if the needed high-tech workers were rapidly trained and all the high-tech jobs were magically filled.
In the service industry, the greed of the corporate owners will prevent an equitable balance of consumer service prices, a middle-class employee pay scale, and fair corporate profits. The unemployed will choose to stay that way living with shared single incomes supplemented with unreported income from odd jobs and a red beans and rice diet. From a Capitalist perspective, after some minor adjustments, our economy will run smoothly with a Labor Force Participation even some 5% below what it is now.
For a secure economy, the FED rate should be in the range of 3% to 4% and loan rates would range from 7% to 9%. Yes, our current perverse capitalist finance structure makes everyone laugh at these numbers, but these would work well. The babble of your "Expert" was only meant to promote our perverse economic structure.
Raise interest rate and stock market crashes. Don't raise interest rates and inflation keeps rising. The FEDERAL Reserve is screwed.
rigged rigged rigged – since the fed – a private company- took over -the plan hatched at jekyll island -atop a stone for blood sacrifice…. crypto will ensure complete control for these controllers….
The train has left the station. All the FED can do now is hope and pray nobody figures out they're mostly to blame.
The financial crisis that is going to bring this economy to a halt, is already here, it's going to get a lot worse. Layoffs, repos,foreclosures it's all going to happen!
Maga blame biden cos their brain cells cant compute = gas companies control prices, russia = is blocking world goods and oil supplies, the senate is blocking monetary helps. Coronavirus screwed supply chains.and so on…
Who's the brown woman. She fine
Vote Republican come November, and I promise you, we will clean up the FBI Leadership first. Then we going after these useless, greedy, rigging, clueless, democrats. The whole world is suffering because of these fools. A kilo of rice in Britain before the election, was 95 English Pence. Today a kilo of rice costs 2.20 English Pounds !
Bingo !!! BiDone Break's USA !!!
How many begged for this ???
The Democrats have collectively failed America. Joe Biden should resign in shame.
The 'Easy Sleazy Money Ride' is closed for Renovation..! Coming soon.. 'The Actually Produce Something Ride'..Ride..! Sorry for any Inconvenience..
Low key hoping it all falls and we correct our mistake….people keep spending without concern. No consequences. No accountability. Meanwhile…some of us want to buy a home and have cheaper gas. There should be no bail out. Learn your lesson…but we won’t. This is America.
Lost alot of money due to the collapsed market, then this is for you, contact me, I've got something interesting to show you, trust me you don't want to miss the opportunity
Report on low cognitive Joe Biden ineffectiveness running the country. Stop red herring stories like Jan 6.
Screw it , I'm going full liberal. All white people including liberals & females should turn their homes , vehicles & property over to black people.
Any black person. If you disagree you are racist scum who should be banned from hospital & supermarket.
OMG who cares you're not a really good investor if you didn't see this coming it was pretty obvious. It's also way overdue to have the interest rates go up it should have been done years ago.
WILL it Crash??
EVERY single thing that Trump claimed was going to happen if Joe was elected IS happening right now.
I voted for the man both times, and honestly even I thought that he was being hyperbolic at the time,… but here we are.
I hope the stock market tanks, I think its good for crypto, when everything crashes, I think more money pours back into crypto before the stock market. People are going to look at historical performance and if everyone is slowly trickling back in after a bad crash, or even recession, more money will be entertaining crypto based on performance. I think it's a good thing and I think most of the people trickling back into investments after the appocolypse will entertain crypto. Especially seeing how the market cap is tiny compared to traditional markets. Smaller market caps give potential better performance if they run. Less risk, bigger rewards to go into the blue chip cryptos if we get the stock market to tank and we can go shopping ahead of the herd.
Digital currencies continue to reshape the world globally. It's hard for anyone who is against it right now. But from a trader's point of view, I think we really need more experts in this field to give newbies a sense of how the community works. I was able to easily increase my portfolio in just trading with Mr Marcus Benedict daily signals growing 0.1 BTC to 1.0 BTC. His daily signals are very accurate and yields a great positive return on investment and is available to give assistance to anyone who love crypto trading, you can contact him for inquires and profitable trading systems on Telegram @marcusBfx_official ** for any crypto related issues .stayhome.
Indigenous People are born into being poor and without.
Get use to it folks.
-COMANCHE NATION
🎼🎵🎶"The interest is up and stock market's down,.. and you only get mugged if you go downtown."🎼🎵🎶🎸🎸🪕🪕
Just as true today as when it was written over forty years ago.
Yeah 401 k losses -8.5% but the Democratic Party is only worried about destroying all political opponents for control and manipulation
Trumpstersputin enablers,the perfect call started all