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quartz007

(1,216 posts)

10. Wrong!

Sat Feb 3, 2018, 11:11 PM

Feb 2018

Stock market should have dropped 666 points the day that $1.5 Trillion tax cut was passed. Because that guaranteed the ugly huge borrowing Treasury would need.

So obviously the drop yesterday was NOT related to guaranteed ugly huge budget deficits.

So what other BIG news came out yesterday?
Yap, it was the memo release.

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Highlight:

The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year [View all] TomCADem Feb 2018 OP

Maybe all the GOP needs to do is cut taxes further, it'll trickle down. marble falls Feb 2018 #1

THAT is why the stock market dropped 666 points yesterday. SunSeeker Feb 2018 #2

Wrong! quartz007 Feb 2018 #10

The market started dropping early in the week. lapfog_1 Feb 2018 #17

The FED controls interest rates, not bond prices quartz007 Feb 2018 #18

Actually the bond markets control the yields on bonds. lapfog_1 Feb 2018 #20

LOL market analysts are no better quartz007 Feb 2018 #21

Velshi was not predicting the future, he was just explaining what is happening now. SunSeeker Feb 2018 #27

Why do they ALWAYS do postmortems? quartz007 Feb 2018 #29

Um, so people know why things are happening? SunSeeker Feb 2018 #30

40% of US workers have 401-K's quartz007 Feb 2018 #42

If you have a 403-B and can afford retirement, you are among the lucky. SunSeeker Feb 2018 #46

Huh? I am just a quartz007 Feb 2018 #47

A "low ranking government worker" is in a LOT better shape than most in the middle class. SunSeeker Feb 2018 #48

On that we agree! quartz007 Feb 2018 #49

Well, folks on Wall Street says it was fear of interest rate hikes. SunSeeker Feb 2018 #24

Correct! quartz007 Feb 2018 #28

Lots of folks have been predicting a stock market correction. SunSeeker Feb 2018 #31

Haha..but no dates specified! quartz007 Feb 2018 #43

Like I said, no one can predict the future. Certainly not with any precision. SunSeeker Feb 2018 #44

Not funny, I find them totally USELESS quartz007 Feb 2018 #45

The GOP screams the Dems are "tax and spend," but it's the Repugs that are "borrow and spend" LastLiberal in PalmSprings Feb 2018 #3

Borrow and blow. House of Roberts Feb 2018 #14

Why arent the tea baggers screaming about this? kimbutgar Feb 2018 #4

Because they like the raise quartz007 Feb 2018 #11

And dollars "borrowed" from Social Security"? mahannah Feb 2018 #5

Social Security has no excess money to lend quartz007 Feb 2018 #12

check history of ss dollars mahannah Feb 2018 #13

Baby boomers are draining SS quartz007 Feb 2018 #15

Um not fooled Feb 2018 #22

+++ and paid by the deductions from them but that's what we will hear soon - "draining" lunasun Feb 2018 #26

Maybe Trump can get the money BlueIdaho Feb 2018 #6

and the ignorant Republican/right wing rank and file will continue to ignorantly claim that... steve2470 Feb 2018 #7

The entire intent of the 'tax cuts' and thos borrowing is to bankrupt the government pangaia Feb 2018 #8

That's it. Corgigal Feb 2018 #16

Borrow and spend GETPLANING Feb 2018 #9

Spend and spend conservatives. But look at the the stock market. On second thought. ffr Feb 2018 #25

Someone has to pay for Mar A Largo....golf fees... yuiyoshida Feb 2018 #19

They're going to blame it on social programs. C Moon Feb 2018 #23

Unfortunately, its a lot more than the tax cut creating that. The budget junk will get Hoyt Feb 2018 #32

Trump is a one trick pony: make a deal, default on paying it, then say whatcha gonna do about it? DFW Feb 2018 #33

+1 dalton99a Feb 2018 #40

The economy will collapse duforsure Feb 2018 #34

Insolvency lies ahead bucolic_frolic Feb 2018 #35

If democrats had done this the right wing would be going even more crazy than usual workinclasszero Feb 2018 #36

T-bills enid602 Feb 2018 #37

Good luck finding buyers of treaduries kimbutgar Feb 2018 #38

Everything Donald Trump touches turns to shit. dalton99a Feb 2018 #39

Brought to us by Dyedinthewoolliberal Feb 2018 #41

k for visibility riversedge Feb 2018 #50