[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Democrats Are Cheaters

Derek Chauvin's FaTe ... Is Now in The Hands --- of The Jury

Fools' overture

Democrats Are Terrified of Georgia

Climate Media vs. Climate Science

Why We Black Leaders Support Voter ID Laws

Pelosi: ‘No Plans' to Bring a Court-Packing Bill to the House Floor – at This Time

B-1 Bombers Are Deploying To Norway For The First Time With An Eye On Nearby Russia And The Arctic

High School Coach Fired After Refusing To Enforce “Insane” Outdoor Masks During Sports

CNN Says Chinese-Style Fonts Are Racist

Gran Torino Denounced for Anti-Asian Racism

'It Is Still Not Safe To Go Outside,' Says Fauci's Head In A Jar In Year 2739

Biden Re-Ignites the Waco Fire

Over 500 White People Have Been Killed By Cops Since 2020. There Has Been No Rioting Over Those Deaths.

Buttigieg on Exaggerated Infrastructure Jobs Estimate: ‘I Should Have Been More Precise’

Videos - ChrisTians Tear Down MeTal Fences ... Denounce The Closure Of GraceLife Church --- Due To A COVID-19 ResTricTions

Pete BuTTigieg ... To evangelical vaccine hold-ouTs --- Maybe iT's parT of God's plan

TINHORN FLATS ... The Symbol of Modern Day America --- AgainsT Tyranny

This Trial is a ToTal sham ... The enTire power of The sTaTe - media - lefT-wing shock Troops - counTry's finesT legal TalenT ... is being deployed againsT Derek Chauvin.

A few billionaires currenTly have The power To decide ... ThaT some Americans’ speech righTs are more sacred Than oThers --- Clarence Thomas offers a remedy.

Biden Defense Secretary Orders Several “Immediate Actions” to Weed Out ‘Extremism’ in the Ranks

Target selling book that includes prayer to 'hate white people' in 'Religion' section

America is losing its religion — and the effects will be long-lasting

Conservative Grassroots Begin to Take Back Wisconsin

Ron DeSantis Is What the Post-Trump GOP Should Look Like

White House pushes back on conservative argument over Georgia, Colorado voting laws amid MLB dispute

Why Conservatives Keep Losing The Culture Wars

Ex-Trump aide Stephen Miller forms conservative law group to challenge Democratic policies in court

Senate Democrats support conservative-backed Texas bill requiring pro-sports teams with state contracts to play national anthem

Pennsylvania agrees to remove dead voters from voter rolls

Nazi bitches wanna know Why did it take several months for GraceLife church to be closed down?

AnoTher Mass ShooTer Excused By The Media For ... BuTchering Five People --- In The Name of ResToraTive Murder

Fence goes up around GraceLife Church in Alberta after health officials "physically close" facility

Legacy Media Corruption Is At The Heart Of Our National Conflict

Pastor Who Threw COVID Officials - Police OuT Of His Church ...‘They’re AcTing --- JusT Like The CommunisTs’

Democrats demand I.D.s for everything but voting

BLM leader ThreaTens ... DemocraTs citTes ‘will burn’--- if Chauvin found noT guilTy…

The MLB Has Chosen a New City for the All Star Game. There Are Major Problems.

Res ipsa loquiTur - The ... Thing iTself ... speaks

Quite A Day In The Right Turn Against Corporate America

How Mark Zuckerberg Almost Handed Texas To The Democrats

Anyone Using the ‘Jim Crow’ Charge as a Political Weapon Should Hang His Head in Shame

Biden’s Bipartisanship Lie Will Cost Dems the House

Stop Worrying About Conservatives Refusing to Be Vaccinated

'Loving thy neighbor:' New ads urge conservative men with vaccine doubts to get their COVID shots

Legislature’s conservative Bastiat Caucus members say they aren't extremists, but principled Republicans

A way too early guide to the 2024 Republican primary

Polish Pastor Chases Cops Out of Church on Easter Weekend: ‘Get Out! You Nazis!’

Police defunded: Major cities feeling the loss of police funding as murders, other crimes soar

Laura Ingraham: Biden, Abrams on Ga boycotts – here's what happens when reality bites social justice warriors


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Donald Trump Warns Americans To Get Out Of The Stock Market As The Dow Falls For A 7th Day In A Row
Source: The Economic Collapse
URL Source: http://theeconomiccollapseblog.com/ ... w-falls-for-a-7th-day-in-a-row
Published: Aug 2, 2016
Author: Michael Snyder
Post Date: 2016-08-02 23:34:49 by U don't know me
Keywords: None
Views: 409
Comments: 4

Donald Trump Warns Americans To Get Out Of The Stock Market As The Dow Falls For A 7th Day In A Row By Michael Snyder, on August 2nd, 2016

One thing that you have to appreciate about Donald Trump is that unlike most politicians, he actually says what is on his mind. On Tuesday, Trump told Fox Business that he had already gotten out of the stock market, and that he foresees “very scary scenarios” ahead for investors. And of course things have already started to get a bit ominous for those holding stocks over the last week and a half. The Dow Jones Industrial Average has now closed down for seven days in a row, and that is the longest losing streak that we have seen since the panic of last August. Over the past 12 months we have seen virtually every other major global stock market experience at least one major crash. Could the U.S. markets be next?

What Trump told Fox Business earlier today was actually right on the money. Our financial markets have been artificially inflated by the Federal Reserve, and all artificial bubbles of this nature eventually burst. The following comes from a Bloomberg article that was posted on Tuesday entitled “Trump Urges Exit From Market Boosted by ‘Artificially Low’ Rates“…

Donald Trump on Tuesday said interest rates set by the Federal Reserve are inflating the stock market and recommended 401(k)-holders to get out of equities, just like he did.

“I did invest and I got out, and it was actually very good timing,” the Republican presidential nominee said in a phone interview with Fox Business. “But I’ve never been a big investor in the stock market.”

“Interest rates are artificially low,” Trump said. “The only reason the stock market is where it is is because you get free money.”

Trump’s comments come at a time when we are getting a whole host of bad news about the U.S. economy. We just learned that U.S. GDP grew at a meager 1.2 percent annual rate during the second quarter, the rate of homeownership in the United States just hit an all-time record low, and corporate earnings have now been falling for five quarters in a row.

But perhaps most alarming of all is what is happening to the price of oil. As I discussed yesterday, the price of oil has plunged well over 20 percent since June 8th, and it was down again on Tuesday.

As I write this article, the price of U.S. oil is sitting at just $39.66. The psychologically-important 40 dollar barrier has been broken, but the price of oil doesn’t even have to go down another penny to do immense damage to the U.S. economy. If it just stays at this price, we are going to bleed more energy industry jobs, more energy companies are going to default on their debts, and more financial institutions that are exposed to the energy industry are going to get into serious trouble.

All the ingredients are there for a major financial crisis, and perhaps that explains why so many investors are flocking to precious metals such as gold and silver right now.

The price of gold has gone up for six trading days in a row, and silver is approaching 21 dollars an ounce.

Meanwhile, things continue to unravel on the other side of the planet. In Europe, let’s just say that the recent bank stress tests did not go as well as many were hoping…

If the goal of the EBA Stress Tests was to reassure investors and regain confidence that ‘all is well’ in Europe’s increasingly fragile and systemically interconnected banking system, then it has utterly failed. The broadest European bank stock index is now down 7% from the post-stress-test spike highs, Italian banks are at record lows and being halted (despite Renzi’s promises), Commerzbank is struggling with capital raise chatter, and Deutsche Bank and Credit Suisse are tumbling after being booted from the Stoxx 50.

It is funny – every time I write a major article about Deutsche Bank, their stock goes to a new record low.

And it has just happened again. Less than a week ago, I posted this article, and on Tuesday Deutsche Bank plummeted to a brand new record low as renewed fears about the health of the bank spooked investors.

Problems at Deutsche Bank and Credit Suisse are now becoming so obvious that even mainstream analysts are admitting that they are “causing some anxiety”…

“Deutsche Bank and Credit Suisse … are dropping to where they were after the Brexit vote,” said Bruce Bittles, chief investment strategist at Baird. “That’s causing some anxiety.”

Deutsche and Credit Suisse’s U.S.-listed shares closed down 3.75 percent and 4.67 percent, respectively.

In Europe nobody is waiting for financial stocks to crash, because they are already crashing.

A “too big to fail” crisis is rapidly unfolding across the entire continent, but most Americans are totally oblivious to what is going on over there. Instead, our major news outlets are feeding us an endless barrage of negative headlines about Donald Trump and a steady stream of positive headlines about Hillary Clinton.

I wonder who they want to win the election?

Of course I am being sarcastic. The days when the mainstream media at least pretended to be “independent” are long gone.

But as far as the stock market is concerned, I am quite confident that Donald Trump will be vindicated.

And if you don’t want to believe Donald Trump, I would encourage you to consider what Jeffrey Gundlach, the chief executive of DoubleLine Capital, has been saying. He has been right about the markets in recent years over and over again, and just a few days ago he publicly stated that “stocks should be down massively” and that now is the time to “sell everything“.

Unfortunately, very few people are likely to change course at this stage. Most of those that could see the warning signs have already gotten out of the market, and those that prefer to have blind faith in the system are not likely to listen to warnings from men like Trump and Gundlach.

So now it is just a waiting game.

We shall see if Trump and Gundlach are right, and those that end up on the correct side of the equation are probably going to make a boatload of money during the months ahead.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: U don't know me (#0)

well we will see if Brother Dump knows something afterall, but by his own admission he is not a stock market investor so we are proceeding from a positionh of intimate knowledge and experience so characterisic of his other pronouncements. you know coming from such an eminent personage as Brother Dump this could be a self fulfilling prophesy as the market panics upon his very word

paraclete  posted on  2016-08-03   2:05:29 ET  Reply   Trace   Private Reply  


#2. To: paraclete (#1)

" we will see if Brother Dump knows something afterall, "

Well, I would like to know what his friend Carl Icahn thinks, and is doing.

Trump hangs out with a person that is VERY well versed in the stock market, more so than anyone on this board.

Si vis pacem, para bellum

Those who beat their swords into plowshares will plow for those who don't

Rebellion to tyrants is obedience to God.

if you look around, we have gone so far down the the rat hole, the almighty is going to have to apologize to Sodom and Gomorrah, if we don't have a judgement come down on us.

President Obama is the greatest hoax ever perpetrated on the American people. --Clint Eastwood

"I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur

Stoner  posted on  2016-08-03   7:21:26 ET  Reply   Trace   Private Reply  


#3. To: paraclete, U don't know me (#1)

Doesn't take a genius to realize the market is over inflated on hot gas. Stocks are gaining off no earnings, no outlook and no profits.

Even internet giants are forced to double their commercials just to make profits.

Summer and oil should be rising but no demand. GDP is dismal. Its the new normal or "The Obama Economy"! Obama's economy makes you dream about the Carter economy!

Justified  posted on  2016-08-03   7:26:53 ET  Reply   Trace   Private Reply  


#4. To: Justified (#3)

Obama's economy makes you dream about the Carter economy!

At least under Carter you could invest in Treasuries and make a killing on the high interest rates.

Vicomte13  posted on  2016-08-03   9:02:40 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com