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DOW Loses a Trillion Dollars Today and Nobody Gives a Rats Ass.
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[quote:CorporateSlave:MV8zOTM0ODY2XzcxMDQyOTU2X0QyNjMxQUFG] Juiced by tax cuts this year, the economy's performance peaked out in the second quarter and is expected to increasingly lose steam in 2019, with growth slowing to a crawl and a recession looming. That is one big reason the stock market has spiraled lower, as buyers rushed into Treasurys and yields on corporate debt snapped higher. Investors' views, in fact, may be even gloomier than those of economists. Major firms this week have been releasing forecasts for next year, and both Goldman Sachs and JP Morgan see growth slowing to below 2 percent in the second half of 2019. But at the same time, the two firms expect the Federal Reserve to raise interest rates four times, while other economists believe the Fed may have to move at a slower pace. Economists point to a number of factors for the slower growth, but topping the list of scare factors for markets are those Fed interest rate hikes as well as the impact of tariffs and trade wars, should they continue. Economists do not foresee a recession next year, but by 2020, one seems more likely, some economists said. https://www.cnbc.com/2018/11/21/trump-economy-expected-to-slow-down-in-2019-before-possible-recession-in-2020.html [/quote]
Original Message
Top Headline on Drudge right now is the DOW going down about 550 points and loses 1 Trillion dollars mostly in tech stock. Goldman gives everyone a warning to hoard cash I believe they said. But it's odd that no one on GLP even mentioned it today. Can't someone give me a financial doom boner? LOLS
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