General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWe aren't paying enough attention to the stock market and what is happening.
By any reasonable assumption, one would expect that the devastating impact of the furloughs on our economy would have the stock market a little nervous. But with the sanctions being lifted on the Russian oligarchs, Trump had promised Putin, the market took off. Now look at the cast of characters who voted for lifting the sanctions which included Lindsey Graham and Romeny...two Senators who were once supporting tougher sanctions on Russia. Don't stop thinking about tomorrow or the shit that is happening in the background. These are the stories they don't want you to think about. They would much rather have you incensed at some ridiculous tweet by Trump and Guliani.
Vinca
(50,269 posts)GusBob
(7,286 posts)Many of the computer programmers for WS brokers are Russian
Putin wants Middle America to fail, but he aint no dummy
Its all about power and money
empedocles
(15,751 posts)FBaggins
(26,731 posts)The shutdown doesnt have that large an effect on the economy overall... and virtually all of the real impact can be expected to be offset by the excess income paid when its over.
Its important to remember that the markets tend to be looking months/years down the road. Nothing in the shutdown is expected to have that much impact. Even if trump gets his wall... thats a handful of billions.
empedocles
(15,751 posts)complex in their effective correlations.
Its a true statement... but doesnt appear related to the OP.
empedocles
(15,751 posts)At the simplest level, it is often much easier to slap a label on a market move, as the WSJ market interpreter liked to say, than to predict how the market will react to indicators. In other words, like many things, - 'it's complicated'.
onenote
(42,700 posts)The overall impact of the shutdown on the economy is negligble compared to the potential impact of a Chinese "buying spree".
former9thward
(31,996 posts)Sanctions on Russians have nothing to do with the market. The Russian economy is minor on the world scale. The furloughs don't affect the market much either since the employees will be fully paid sooner or later. The market does not look at day by day events.