Stock market panic around the world due to fears about the US entering a recession

[AKA_AAP]

Bump



I hope the MAGA crew didn't panic sell. They would be up quite a bit today.

Have you seen your updated IRL health and IRL income?

[ShawkFactory]

Have you seen your updated IRL health and IRL income?

I know I know, the stock market health doesn’t matter anymore. At least not for the next couple of months, should Trump win the election.

[highwhey]

I know I know, the stock market health doesn’t matter anymore. At least not for the next couple of months, should Trump win the election.

[TheMan]

Have you seen your updated IRL health and IRL income?

Cry more, fakkit

[ZenMaster]

Bump



I hope the MAGA crew didn't panic sell. They would be up quite a bit today.

Am curious, how much more wealth do you have today compared to 4,5 or 6 years ago?

[Off the Court]

Am curious, how much more wealth do you have today compared to 4,5 or 6 years ago?

lol almost everyone has more wealth than pre-covid. That's why we have inflation issues.





Look at the jump after 2020

[Off the Court]

And the irony is that it is Trump who flooded us all with more wealth and caused the inflation spike.

We are just now getting back into full recovery from it.

But that is how this country does it. Republicans over spend and then Democrats fix the mess only to be voted out again.

[AKA_AAP]

lol almost everyone has more wealth than pre-covid. That's why we have inflation issues.

Low IQ post. The purchasing power of each dollar is a lot less in the Racist bidenflation years than the strong economic years of Trump. Your graph is just gaslighting.

Also, you have to consider that the average household has more people in it these days due to people like yourself (LowIQotc), ObeseAxe, RacistJasper, CopyPasteLegend#32, DemBotJohn, FascistRRR3, and AlwaysWrongBladefd moving back in with their parents or having more roommates due to the exponential rise of the cost of living during 4 years of Racst joe biden.

[RRR3]

Low IQ post. The purchasing power of each dollar is a lot less in the Racist bidenflation years than the strong economic years of Trump. Your graph is just gaslighting.

Also, you have to consider that the average household has more people in it these days due to people like yourself (LowIQotc), ObeseAxe, RacistJasper, CopyPasteLegend#32, DemBotJohn, FascistRRR3, and AlwaysWrongBladefd moving back in with their parents or having more roommates due to the exponential rise of the cost of living during 4 years of Racst joe biden.

You type as if you have severe brain damage

[AKA_AAP]

Cry more, fakkit

Cry? I'm laughing, ROFL'ing to be exact. I LOVE the suffering that the Racist joe biden economy has put the ISH radical leftists through. I want 8 years of Kamala Harris, I want to see even more economic suffering!

[AKA_AAP]

You type as if you have severe brain damage

You are an anarcho-communist. That is the truest form of brain damage.

[RRR3]

D-DUHHHHHHHH-uhhhh-uhhhh-uhhhhh-uhhh!!!!!!!

You quite literally support fascism. Don't make me get Proctor, Ken Ken.

[AKA_AAP]

You quite literally support fascism. Don't make me get Proctor, Ken Ken.

Don't know who Ken is. But aren't you suppose to be a man? A man would never want to live in a socialist/communist country, because that's not what being a man is about. Go get your sex change, you're a disgrace.

[RRR3]

[ZenMaster]

lol almost everyone has more wealth than pre-covid. That's why we have inflation issues.


Look at the jump after 2020

Yes I'm sure bladed got a nice story about how his bank account is booming and I'd love to hear it.

Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances.

For the bottom 80% of households by income, bank deposits and other liquid assets were lower in June this year than they were in March 2020, after adjustment for inflation.

All income groups have seen their balances decline in real terms from a peak in 2021, according to the Fed survey. But among the wealthiest one-fifth of households, cash savings are still about 8% above their level when Covid hit. By contrast, the poorest two-fifths of Americans have seen an 8% drop in that period. And the next 40% — a group that roughly corresponds with the US middle class — saw their cash savings drop below pre-pandemic levels in the last quarter.

The figures point to dwindling firepower available for US consumers, whose resilience has kept the economy growing at a rapid clip this year and staved off the recession that many expected. Some analysts warn a downturn is still in the cards as households run low on spare cash.

https://fortune.com/2023/09/25/pande...reserve-covid/