The Conservative Cave
Current Events => Economics => Topic started by: Linda on November 07, 2012, 09:19:28 AM
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Dow Skids 200 as 'Fiscal Cliff,' EU Fears Resurface
http://www.cnbc.com/id/49725783
Stocks tumbled across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged.
All your money belongs to the government.....
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The fiscal cliff is coming. Within 45 minutes of opening the Dow dropped 180 pts. It is now down 300 Pts (And under 13,000). Today is going to be interesting. There is a major sell of happening. Businesses who aren't in agreement with obama are losing.
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This doesn't surprise me, I think it was expected.
We hit the fiscal cliff in December, this will be a bumpy ride.
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Inflation....not just for tires anymore.
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Inflation....not just for tires anymore.
(http://i237.photobucket.com/albums/ff68/kayaktn/smileys/zecon.jpg)
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Inflation....not just for tires anymore.
QE to me is inflation. I see it everytime I go to the market.
Some food items have doubled and tripled in the last three years, and I think it's only going to get worse.
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Here are the ingredients
A trillion plus dollars of new debt per year
Monetary policy of printing billions per month
Energy policy that hopes the sun comes out,we may be wishing that gas was back down to 4.00 a gallon.
New taxes from Ocare,higher rates,exploding property taxes to fund bloated schools and local governments.
Domestic policy that favors union extortion at the expense of consumers/taxpayers.
Foreign policy that simply looks the other way at muzzie terror and extremism.
Likely an attempt to mint 20 million new members of the dependency plantation.
Rising health care costs and insurance premiums.
Throw all that in a pot,stir in a few more seasonings and what does anyone think our economy will be?
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The fiscal cliff is coming. Within 45 minutes of opening the Dow dropped 180 pts. It is now down 300 Pts (And under 13,000). Today is going to be interesting. There is a major sell of happening. Businesses who aren't in agreement with obama are losing.
And the ones who are were already hedged by having significant portions of their business overseas (you hear me, GE?)
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(http://i237.photobucket.com/albums/ff68/kayaktn/smileys/zecon.jpg)
They are millionaires alright. :lmao:
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And the ones who are were already hedged by having significant portions of their business overseas (you hear me, GE?)
Notice I said the ones who were not in agreement with obama. GE is one of the biggest obama donors, also one of the biggest outsourcers.
S&P 500 is experiencing their largest sell off since June. The dow is down 280 pts - Nasdaq is down 68 pts. This is not a good day.