Reply to How will the stock market crash impact the elections?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Japanese markets just dropped the largest amount in their entire history.  South Korea had to halt all trading. Futures for the US markets look ugly.  Who knows how far the US markets will drop today, but a crash will signal a complete collapse of economic confidence and more fears of a a global recession. This will have tremendous impact on the election as American lose trillions of dollars of wealth and potentially many jobs over the next few weeks.

Who will this hurt the most?[/quote]

Trump appointee Jerome Powell is doing the work of his overlord. Rate cuts should have already happened, so if there is economic deterioration, it is on the Fed.[/quote]

Wrong dimwit. Biden re-hired Powell.  He could have hired Brainard. Nice try trying to blame Trump.  Powell is all on Biden,  because Biden re-appointed him.[/quote]

President nominates. Senate confirms. Bankers win.

Remember how so many people were freaked out about pumping too much free money into the economy during Covid? All the predictions of how it would erode the foundations of the American economy?

Kind of looks like all that money just self destructed[/quote]

You mean all of those checks with "Donald J. Trump" in the signature block weren't anything more than fancy food stamps? [/quote]

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