China's manufacturing is already going back up, and JPMorgan is showing a recovery. Still this is the closest we've come to recession since 08, so its worth watching
An issue is container volume is down 25% in the port of LA, however we produce 80% of goods at home so it isn't a major issue.
On reddit:
Dow drops 700 points: IT'S THE END OF THE WORLD. IT'S TRUMPS FAULT WERE ENTERING A RECESSION. WERE ALL GOING TO DIE.
Dow rises 1300 points: [Deleted]
To be fair the Dow did fall about 3,000 points. However, once it fully rebounds and starts breaking records they will remain silent.
It goes to show how full of shit the Chicken Little media is.
Unless you're a well known player in the markets, this comment is a bit premature.
China's manufacturing is already going back up, and JPMorgan is showing a recovery. Still this is the closest we've come to recession since 08, so its worth watching
An issue is container volume is down 25% in the port of LA, however we produce 80% of goods at home so it isn't a major issue.
Closest weve come to a recession? You realize the unemployment for the US is still low and the median income is still up, wages are still up, etc.
The Dow did drop yes, but it takes more than that to hit a recession. We were still at 24,000....Obama was at 16,000
30-year =1.59% -8 bps 10-year = 1.04% -10 bps
The funds rate (IOER, 1.60%) is the highest point on the curve. First time since the financial crisis.
Yeah we came very close to a market panic.
We are back at all time highs!
Uh, no. But it is a good start.
https://finance.yahoo.com/quote/%5EDJI/chart?p=%5EDJI#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