Login to account Create an account  


Thread Rating:
  • 1 Vote(s) - 4 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Dow loses more than 700 points as recession fears dent Wall Street sentiment: Live up
#2
Updated Fri, Aug 2 20244:35 PM EDT

Dow closes down 600 points, Nasdaq enters correction after weak jobs report
(Not a complaint, just an update....)

But the "Job's report" (in my opinion) which is hinted as a potential reason for the drop, is the singled least reliably reported stat of all time... (perhaps en par with "climate reporting.")

The politically-appointed bureau has the data... but they always change and retract and correct their assessments which very frequently prove to be "politically-motivated marketing", and I suspect might actually manufacture, manipulate, and contrive to misinform... as if they have no standards.

When they publish a report, as they have, it might be immensely "optimistic" or "pessimistic" depending on the "political utility" of the 'appearance' (their recent paradigm.)

Maybe the "market" (sic) does know something the Fed appears to be either "going along with" or "falling for."


[Image: giphy.webp]
Reply



Messages In This Thread
RE: Dow loses more than 700 points as recession fears dent Wall Street sentiment: Live up - by Maxmars - 08-02-2024, 05:07 PM

Possibly Related Threads…
Thread Author Replies Views Last Post
  Live July 22 - Committee on Oversight and Accountability Grilling - Kimberly Cheatle Encia22 4 187 07-22-2024, 10:53 AM
Last Post: FlyersFan


TERMS AND CONDITIONS ยท PRIVACY POLICY