This is the news that has stocks falling. Wall Street chronically creates its own emergencies and then comes running to the USA Treasury for bailouts.
Ready?
(Click here)
The inflation is down.
I tell you what Wall Street’s real problem is, China. China’s economy is struggling and Wall Street is over extended in China. Uncertainty is high because Wall Street bosses like Goldman Sachs are scared of both Trump and Kamala for different reasons. They are afraid of Trump because he is “tariff happy.”
Kamala needs to address how she sees the economic future of the USA to settle Wall Street’s nervousness.
Wall Street is its own problem. The Asian stocks are volatile most of the time, but, a change in what has been a job boom made them hide under the covers.
The tensions in the Middle East has Wall Street scared because Iran is being stupid in escalating a war between Hamas and Israel. Wall Steet hates uncertainty.
There is no there, there.
USA Consumer confidence is better because inflation is cooling.
The UK is having a tussle with extreme right political fabrication and there were demonstrations mostly by white guys with about 100 being arrested.
KAMALA please talk to them before they start jumping out of buildings. It looks like The Fed won’t be raising interest rates. There is one thing they are terrified about and that is the housing inventory they hold. Housing is cooling, too. Wall Street has been buying up properties for cash purchases and they might get stuck with inventories losing value.
If Wall Street ever had a moral compass they would not participate in bubble and bust. They would practice affirmation of the American Dream and enforce reasonable home values to allow a booming Middle Class their promises for working hard. Instead of supporting the Middle Class they exploit the lower Middle Class and run them out of trailer parks.
Honestly. Wall Street is immoral and they call it uncertainty.
Oh, the weather, hurricanes primarily affected Texas with some increase in unemployment because of storm damage, etc. Flooding is the biggest problem. But, according to the Labor Department that had negligible effect on the overall increase of unemployment. The Fed has raising interest rates and the inflation slow down has finally hit and employers pulled back in creating jobs, AS THEY SHOULD! This is not an issue of uncertainty if Wall Street bosses were paying attention.
