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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGlobal Stock Markets Tumble Despite the Fed's Support
Global stocks tumbled on Monday despite the U.S. Federal Reserves emergency measures to address the economic slowdown.
European markets opened more than 4 percent lower on Monday, then fell more than 8 percent as the morning continued. Frances main stock index briefly fell 10 percent.
The glum opening followed a difficult day in Asian markets, where sentiment soured throughout the day. Australia led the regions drop with a 9.7 percent plunge in the S&P/ASX 200 stock index, leaving it down about 30 percent from its high last month.
https://www.nytimes.com/2020/03/16/business/stock-market-today-coronavirus.html
MFM008
(19,818 posts)Noone in their right mind believes
anyone in this government.
jimfields33
(15,952 posts)Its seems like the French dont trust their president or Germany their prime minister if the stock markets of those countries are down as well.
duforsure
(11,885 posts)And his policy proposals, and fed rate reductions, and they recognize he is again lying. His forcing the fed to cut more rates shows he's lost on this , and the cuts will only make this recession last a lot longer, while he continues to drive the deficit even higher.
Watchfoxheadexplodes
(3,496 posts)I can guarantee trumps already talking to turtle.
duforsure
(11,885 posts)To help the hardest hit group in this country, the senior citizens. They're the most at risk , both health wise , and financially yet they're doing nothing , and by dumping more money into the markets, and bully down interest rates it reduces any earnings down to nothing. They should give them a boost with an immediate $200-$500 a month SS increase until this is over. Instead they'll have huge bailouts for hotels and travel industries , while ignoring us in our greatest time of need.
Chainfire
(17,640 posts)And the rats are abandoning the sinking ship. Not to worry though, the rats always survive by floating on the bodies of the victims of the shipwreck.
There will be no money left to help the people who are and will be losing their jobs. However, it will open the great opportunity to remove a significant amount of private housing from the market and put into the hands of people who have access to huge, free loans.
Even a loss can be a win if you are well positioned.
The great economic wizard must be scratching his orange head this morning.
The fruits of the Trump administration will be death and recession. MAGA