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Reply to "How will the stock market crash impact the elections?"
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[quote=Anonymous]Manufacturing in the US has been down for four straight months. Unemployment ticked up as reported on Friday. The market had already priced in a 25 basis point rate cut in September. Consumer defaults are rising and has been rising for awhile, but Powell is just commenting on it now and hinting that more quantitative easing (re: printing more money) might be coming up. He’s obviously under tremendous political pressure to slash interest rates faster, which will increase inflation again even further. That’s why US markets are in free fall. Remember, Yellen called inflation transitory in 2021. Here we go again.[/quote]
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