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Worst economic wreckage since 1939

Separation Scientist

By Separation Scientist
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Separation Scientist

Separation Scientist

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A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. 
The Nasdaq Composite just notched the worst start to a calendar year in its history, dating back to 1971

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If you go back just to 11:00 am Wednesday, January 20, 2021, Inflation was BELOW 2%, gas was $1.xx, the economy was booming and stocks were near an all time high. 

Now, nothing but economic wreckage across the board.

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Dow tumbles more than 900 points and the Nasdaq drops 4% on Friday to close out a brutal month
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And NO, this was well before Putin and Ukraine was even in the news.  
 
 

  

 

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Hagar

Hagar

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The last few years of Market activity are proof of why I have no business trying to make money in the Stock Market.  Probably 80% of the time I think it should go down, it goes up, and vice versa.  To explain it would be like me trying to explain brain surgery to someone.  The difference is, if I desired, and had the mental capacity, I could learn a few things about brain surgery.  I’m convinced you’d never be able to explain the fluctuation of the Market to me.  😳🤪😖😖🤪😳

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Separation Scientist

Separation Scientist

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It goes far beyond just the stock market. The National debt has soared, inflation has soared, retirement savings (even if not in the market) have been devalued, and the economy (GDP) is now shrinking. Another quarter of a shrinking GDP and we officially enter the BIDEN RECESSION.   

RECESSION: a period of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters or more. 

1.5 years ago Trump had our borders secure, the economy was booming, and inflation was <2%. Under Biden its now all gone to hell. 

 

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Hagar

Hagar

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7 hours ago, Separation Scientist said:

It goes far beyond just the stock market. The National debt has soared, inflation has soared, retirement savings (even if not in the market) have been devalued, and the economy (GDP) is now shrinking. Another quarter of a shrinking GDP and we officially enter the BIDEN RECESSION.   

RECESSION: a period of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters or more. 

1.5 years ago Trump had our borders secure, the economy was booming, and inflation was <2%. Under Biden its now all gone to hell. 

 

And even with all the horrendous results of his policies, instead of trying to fix them, he continually makes them worse.  It’s analogous to putting a new piece of machinery on a ship.  It starts poking holes in the ship causing it to start sinking.  Instead of trying to plug the holes, Captain Biden is running around with a drill making more holes.  This makes one wonder, does the Captain want the ship to sink?  Looks like it, but why?  I’ve got theories but no proof.

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BS Wildcats

BS Wildcats

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8 hours ago, Separation Scientist said:

It goes far beyond just the stock market. The National debt has soared, inflation has soared, retirement savings (even if not in the market) have been devalued, and the economy (GDP) is now shrinking. Another quarter of a shrinking GDP and we officially enter the BIDEN RECESSION.   

RECESSION: a period of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters or more. 

1.5 years ago Trump had our borders secure, the economy was booming, and inflation was <2%. Under Biden its now all gone to hell. 

 

But, according to Psaki and biden, it’s all on Putin.  Trump and now Putin, who else are they going to find to blame for their ineptness?  I find it funny that those on here that defended obama tooth and nail, will not do the same for another terrible Dim that they “voted” into office.  C’mon big girl, where are you?  I think you defended obama so vigorously for one reason alone. biden is terrible, and is systematically destroying America before our eyes.

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