Posts Tagged ‘stock market’
You’re not seeing things. The House loves shutting the government down (or at least striking down bills that would keep it running).
The Fed takes Twist and Shout! to a WHOLE new level.
Do you want Puppy custody for these precious pups!
Image from Time.
You may have heard the phrase “Bull market” when the Stock exchange is going up.
Then there’s “Bear Market” when stocks are heading south.
Right now we seem to be in a”Kangaroo Market” where the markets are wildly jumping all over the place.
After some great rises in recent days, stock markets Thursday lead off like lead balloon.
The Standard & Poor’s 500-stock index fell 3.9% before noon. The NASDAQ and the Dow Jones Industrial average fared similarly, dropping 5.2% and 3.68% respectively by close.
Our neighbors across the pond are facing similar economic downturn– London’s FTSE 100 index ended the day down 4.5% and Germany’s Dax lost 5.8%. The possible causes are numerous and range from gas prices rising 4.7% to rampant concern over a return of the dreaded r-word…recession.
The Economist has helpfully pointed out, however, that market falls do not necessarily indicate recession, and frequently occur in the midst of economic recovery.
Does this kind of drop bode well for the U.S. economy? We certainly hope so.
Image from The Washington Post
One last welcome: President Obama greets bodies of those killed in Afghanistan crash.
Bouncing back! Stocks skyrocket after rough start.
Super senators? Three Democrats headed to new “Super Congress.”
Not hiring: Teen unemployment is at 20%!
And, England is on fire.
Thanks to Wikicommons.
We have some bad news for you. Brace yourself here it comes:
US payrolls GREW by 431,000 in May.
Bad news? that sounds like good news!?! Well it’s not good news… as economists expected 540,000 new jobs.
But wait, there is more. Free Exhange, a blog brought to you by The Economist, notes: …read more.
The great Madoff rip-off! Bernie may spend MUCH more than a weekend… in prison.
Wal-Mart takes advantage of the government… Well, the government’s money, at least.
Do we have to check our vision… or did the market actually just go up?
Budget cuts will keep us from talking about the past, according to The Onion.
Image courtesy of New York Magazine.
And words will hurt the economy…
Let’s talk for a minute about the recession… NO, LET’S NOT! That’s because all this talk of the economics could be damaging to your health!!! (Financial health, that is…)
The crack team at USDemocrazy has noticed that any time an Obama adminstration official starts to talk economics… the stock market screams, runs and hides!
Now the brainiacs at the New York Times have started to wonder if all this talk of America launching into a depression is going to, well, launch America into a depression. Same with the folks at New York Magazine who have dubbed the US economy’s weakened state “The Greatest Depression.” Newsweek is fielding questions on whether or not we are in a depression, and Google yields 68.5 million hits when you type in “Are we in a depression?”
There’s an old saying that goes, the economy is in recession when your neighbor loses his job, but there’s a depression on when you lose your job. Well, maybe if we all hush up about this lousy depression, maybe the economy will just stay in a lousy recession instead.
Okay… maybe this isn’t a good strategy. We at USDemocrazy think it is important to discuss issues like recessions and depressions… (But please don’t blame us if the market starts to fall!)
Photo courtesy New York Magazine
