2016 Postmortem
Related: About this forumPresident needs to talk to Yellen
the stock market was a good reason for people thinking the economy is improving. if this plummett continues its not good news. the President needs to convince Yellen to ease monetary policy.
JoePhilly
(27,787 posts)mgcgulfcoast
(1,127 posts)if it continues down it causes panic.
JoePhilly
(27,787 posts)mgcgulfcoast
(1,127 posts)okaawhatever
(9,462 posts)markets and not the domestic picture. Investors are concerned with employment, but that isn't what caused the sell off. From today's LA Times:
Thursday's surge began overseas, where the European Central Bank decided not to cut interest rates. The move propelled major European stock indexes sharply higher.
Then the markets got a dose of good news on the U.S. job market. The Labor Department reported that fewer people applied for unemployment benefits last week.
That report, combined with a private survey on U.S. hiring released Wednesday, appeared to bolster investors' confidence that the government will issue a positive January jobs report on Friday.
Those two numbers combined
suggest that perhaps tomorrow's numbers might look a little stronger, Russell said.
http://www.latimes.com/business/la-fiw-wall-street-20140206,0,2562758.story#ixzz2satXIBLu
From 3 Days ago:
Investors dump emerging market stocks
http://money.cnn.com/2014/02/03/investing/emerging-markets-equity-funds/
yellowcanine
(35,699 posts)This could just be an adjustment because the market went up a little faster than could be justified in the minds of investors.
In any case, if the President interfered that would cause more anxiety in the market, not less.
quadrature
(2,049 posts)and to stop expecting to be
able to export their troubles
to the US
elleng
(130,995 posts)and provide predictability and infrastructure improvements.
quadrature
(2,049 posts)from a few years ago.
much was squandered.
no thanks.
seabeckind
(1,957 posts)The problem was that it wasn't done under controlled conditions.
The latest scandal in the Christie saga? The Sandy funds?
Exactly what happened with the stimulus. Half the money was given to the governors of the states for their "shovel ready". Their shovel ready was to their "constituents", not to the people hurting.
The other half was in tax cuts...to those who were already doing quite well.
Time for Obama to quit talking with the bankers and CEOs. And AT the bankers and CEOs.
bemildred
(90,061 posts)This is nothing.
sendero
(28,552 posts)... cannot go on forever. The changing of the guard is as good a time as any to phase it out.
And the tanking stock market is pretty much proof that the only reason the market went up to begin with was QE.
Who knows, maybe someday we can have a stock market that reflects the actual economy instead of manipulation by the Fed.
mgcgulfcoast
(1,127 posts)if it continues to plunge.
seabeckind
(1,957 posts)It reflects a different economy.
bemildred
(90,061 posts)Arguing about why it does things is like arguing about why the ball landed on red.