03-17-2025, 04:24 AM
(03-16-2025, 03:50 PM)Oldcarpy2 Wrote: I have an "A" level in economics and in my 1st year at University I studied Law and Economics before switching to straight Law.
International economics, not just UK.
And you are still wrong.
A one week 10% DOW drop is just a correction.
That's it. And yes, that's the economic term for it.
For the economy to be "tanking" you'd need a 20% DOW drop recession
along with other indicators such as inflation and interest rates etc ...
If those other indicators come online and the DOW drops 20%
then you would be right that we are in a recession and the economy 'tanked'.
The cuts Trump and Musk are making are necessary. Cutting the fat. Getting
rid of waste fraud and abuse. There is ZERO reason to continue to pay for all
that. Past presidents such as Bill Clinton and Barack Obama have called for
the same kind of cuts, and Clinton even got as far as laying off 400,000 federal
workers, but neither of them were able to get much done other than that.
Trump and Musk are actually getting done what Clinton and Obama called for.
Gone are the days when American
tax payers are paying hundreds of millions of dollars to pay for drag queen shows
in Ireland or for trans comic books in Peru or for gas stations in Afghanistan that
are made of sand and melt in the rain.
make russia small again
Don't be a useful idiot. Deny Ignorance.
Don't be a useful idiot. Deny Ignorance.