Rolling US Economy Into The Shitbin Thread

You know that $1.4 trillion in unfunded tax cuts the Congress just decided to borrow over the next 10 years in order to do nothing useful? Apparently China doesn't find that idea appealing from the lender's perspective. To paraphrase a famous American, that makes them smart!

https://www.reuters.com/article/us-trade-nafta-canada/canada-taking-u-s-nafta-threat-seriously-seeks-to-end-logjam-idUSKBN1F01Y1

the minority party needs to stop being so disrespectful to the president and tow (toe?) the line :(

http://thehill.com/policy/finance/372046-dow-sinks-460-points-after-week-of-losses

Correction was overdue, but down 666 Friday, down another almost 500 right now ...

Yeah, tbh I was surprised the market went as high as it did, yet I'm also scratching my head as to what the catalyst is right now.

in today's markets, it could just be algorithms kicking in

Millions of people reading the business section suddenly became curious about the parts of the paper they usually just throw away.

Fears of inflation?

borrowing an extra trillion or so?

keep seeing "rising wages" cited in subheds

Nigh-imperceptible declines in the stark inequity between the richest and poorest Americans have predictably sent Wall Street into a tailspin.

I'm always skeptical of the daily headline commentary on market moves.

oh noes, americans (allegedly) have more money to spend, what a disaster for the economy

yeah, and if it's that it's just further proof of how decoupled the stock market is from the real economy

January 2018 wage gains were apparently highest since June 2009; but fourth quarter 2017 ones were lower than expected.

the obama crash

Feel like there's an extent to which the health of the stock market is directly related to some unknowable index of how tolerant workers are of being exploited at a given point in time. Rising wages certainly threaten that balance.

Down 1000?

at what point does the emergency kill switch kick in?

1300?

here we go

i love trump is on stage ad-libbing about how great he is while this is happening

7% fall is first circuit breaker. Fall is now close to 6%. https://t.co/CG6VSaHe6f

— John Cassidy (@JohnCassidy) February 5, 2018

this has to be by far the record in dollar-amount drop in one day right?

Market wide circuit breaker info: https://t.co/F67W0z56PD pic.twitter.com/dWGILvv9VM

— Joe Saluzzi (@JoeSaluzzi) February 5, 2018

he's talking about hillary clinton rn

if hillary were president the market would have lost twice as much today

I have a theory that Trump's health and well being are psychically tied to the DJI like Elliott was to ET

God willing.

So good day to finally max my 2017 Roth contributions?

the market has now crashed on each of the past four republican presidents. let's cut taxes some more!

Well, clearly we are not cutting them enough.

amen brother

Let's fix this mess by giving businessmen more money.

seems to have recovered somewhat

Still down a record # in dollars I believe

Times:

Markets tanked on Monday as investors assessed whether the global economy was moving away from the slow growth, low inflation, and low interest rates that prevailed over the last decade.

The Standard & Poor’s 500-stock index was off by nearly 4 percent on Monday. The weakness built off the previous week, when stocks had their worst performance in two years.

If the momentary market sputter turns into something worse, it could become awkward for President Trump. He has repeatedly claimed credit for the surging stock market, and gave the markets a high-profile mention at his State of the Union address last week. At its recent peak, the S. & P. 500 was up 27 percent since Mr. Trump took office. But that number has slipped with the recent sell-off to roughly 20 percent.

Is the historic -1500 DOW drop a false flag by the big banks? Should we investigate Goldman Sachs?!

— Alex Jones (@RealAlexJones) February 5, 2018

Yes, we probably should.

what would "false flag" even mean in that context?

The stock market dropped to distract people from the fact that the banks are making a lot of money?

in the spirit of earnest conversation, though, i jest in the other stock faces thread because this is definitely no big deal and on its way to recovery

As with every instance someone uses the phrase, I assume he means he wants a real flag forcefully jammed up his ass. But that's just a guess.

#flashcrash #baby

no flash crash, just a good old fashioned crash

https://www.marketpulse.com/20180205/dow-recovers-brief-flash-crash/

that person thinks the past tense of "shed" is "shedded" = he is a false flag columnist, i'm calling it

oic, you mean that brief even worse crash in the middle of the crash

the article reads like automated content farm spam tbh

https://www.bloomberg.com/news/articles/2018-02-05/dow-s-15-minute-plunge-had-elements-of-a-flash-crash-isi-says

“We can officially call the last 20ish minutes a flash crash,” said Dennis Debusschere, head of portfolio strategy at Evercore ISI. Loosely defined, the term “flash crash” denotes a phenomenon in electronic markets in which the withdrawal of stock orders rapidly exacerbates price declines.