Stock Market Crash

http://money.cnn.com/2015/08/23/investing/world-stock-markets/

So are we in for another depression? Should I start preparing for some black blizzards?

This is what happens when you grow the government for 7 years and raise taxes, instead of investing in America, bringing Jobs back to America and lowering taxes on the middle class.

It's kind of eerie because I recently watched a documentary on history channel about an upcoming new depression about 2 weeks ago.

Originally posted by Time-Immemorial
http://money.cnn.com/2015/08/23/investing/world-stock-markets/

Yet, all the liberal sheep will still proclaim "everything is fine. Nothing to worry about because our socialist savior Obama has everything under control". 🙄

I wonder if this will hurt Trumps chances at becoming President? After all..dude went bankrupt 4 times and is that a good thing to have in a nation that just experienced this? If I was an opponent of his I would play up that angle because of this recent development.

Here is the thing, he did not go personally bankrupt, 4 of his 200 or more business's went bankrupt.

I don't see how you are comparing some business failures to this. Overall Trump's successes outnumber his failures 46 to 1.

Turning this political is a bit naïve, imo. If you think any President, from either party, has much influence on the stock market, you're fooling yourself. White House decisions can and do affect the markets, but global and national trends are animals unto themselves that any one man or position is fairly powerless to stop.

I never said I think the President could cause it or influence it, and you can call it naive and that is the point: people in general can be naive about this type of stuff. Just look at history and people blaming certain presidents for stuff that was out of their hands.

People do not react rationally if they are in a panic about something. Even if this turns out to not be a big deal..some people will just hear "stock market crash" and panic.

Just to check- is it not preparing for a strong China or a weak China that the Obama administration is meant to be taking the blame for? I'm fairly sure the narrative for a while has been about America soon to be crushed under the feet of the unstoppable Chinese titan, but now China is tanking and that's the administration's fault too, it seems.

I think if we had fair trade with China we would be immune to their fluctuations and currency manipulation.

At Digi, QF is Mia.

So why has bush been blamed for 7 years for the economy?

And here's the Clown's stance on China (just yesterday):

"Trump Says U.S. Losing Economic Power To China, No Longer A Rich Country"

http://www.newsmax.com/Finance/MKTNews/US-Economy-China-Trump-Debt/2013/02/15/id/490617/

Sounds similar to The Clown deal with Iran

"Trust but Verify"

So you think of Trump similarly as you think of Obama?

The Obamahate in here is hilarious

Not the end of the world just yet. The Dow Jones rallied from a 6% to a 0.8% drop and the Nasdaq fell 8% but climbed back to just a 1% slide.

Originally posted by Time-Immemorial
This is what happens when you grow the government for 7 years and raise taxes, instead of investing in America, bringing Jobs back to America and lowering taxes on the middle class.

Except that this crash absolutely nothing to do with any of that

You think we would be worried about this if China didn't hold our debt? If we had more jobs here, and had equal trade, we would not be in debt to them.

Have you ever thought what would happen if they got into a tight spot and recalled the trillions we owe them?

Yes. They have absolutely no way of forcing the US to pay, considering they need the US to buy all their cheap crap in order to sustain their paper-mâché economy