That ain’t what talk radio said. It was the end of the world!
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Dumbly calling Warren a socialist doesn’t support your case!
Only if the President/Congress or the Federal Reserve institute policies crashing the economy.
What led to them?
You seem to have completely forgotten about the seventies as well.
The horror of tacky color pallettes.
Red and yellow clash, Lenin!
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Take a close look at VA and CA then maginify it on a national scale.
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Minus the wealth tax, I’d love Warren’s ideas to be implemented. I don’t care how the market reacts.
What led to both crashes was excessive risk taking, profit taking and fraud on the part of good old free market capitalists. Nothing to do with socialism at all.
I fear to say I remember the seventies. A few weeks ago when I talked about memories of the sixties I had a very frequent conservative poster insist I was liar because I had to be a millennial.
The markets stagnated in the 70’s large due to a combination of inflation, driven by oil, and the beginning of the hollowing out of American manufacturing by the rise of Japan in cars, steel and consumer electronics. The markets did not crash.
But the conditions for major market crashes are set by Republicans who do not acknowledge any government authority to restrain predatory or high risk policies in the financial services industry.
There’s no evidence to support that claim.
The crash in 28 was due to almost unfettered blind investment by people that thought the market could only go one way.
The last major crash was triggered by instability in the banking industry and the highest prices for oil/gas we’d ever seen that sucked dry the majority of people’s and business’ cash leading to a catastrophic series of bankruptcies.
It’s amusing reading comments by worried conservatives that Democrats would tank the market. They seem to forget what happened in 2007- under a Republican.
If the weeks going in to election day the polling favors Sanders (if it’s him) there will most certainly be a sell off of some degree. If he were to win the after hours market and futures would continue that as well. Much of that though would depend on where the market is prior to the election.
Which of her big plans don’t require a wealth tax on the rich?
Exactly. There will certainly be a reactionary sell off. I would imagine that most people who trade will almost certainly liquidate their positions going into the election. Anyone who follows the market knows very well you could absolutely see a 1000 to 2000 point drop in the Dow in after hours trading.
If we’d forgotten we wouldn’t have been discussing what led to it.
Perhaps you should spend more time reading and less pontificating.
Just like we saw a huge sell off after Obama won his first election running on the most anti business platform in a half century or more.
Yet it recovered and the stock market did extremely well under Obama over the eight years.
Perhaps we can hope for similar performance under Warren or Sanders?
The stock market will always recover and see new highs in spite of the president unless they continually introduce more and more regulations and anti business policies.
I’d much prefer what we’ve seen over the last three years and see no reason it won’t continue.
The last major crash was triggered by massive fraud in the banking industry – most particularly the rolling up of less valuable securities with more valuable securities into packages that were then rated as more stable and valuable than their actual contents.
When the system crashed, the banking industry was bailed out – it had to be because the economy as a whole was at a dead stall. But nobody in Financial Services involved in creating this mess was held accountable.
That, more than anything else, accounts for why young people are open to socialists like Bernie Sanders.
if tyrannical leftists win? it’s happening in Virginia now…
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I can. So can anyone who follows the effect of politics on the market.
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