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Re: Sunday evening, futures for the Dow Jones industrial average tumbled more than 900 points

By: clo in ALEA | Recommend this post (0)
Mon, 23 Mar 20 1:54 PM | 21 view(s)
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Msg. 34872 of 54959
(This msg. is a reply to 34871 by Cactus Flower)

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McConnell wants a $500 billion dollar slush fund for businesses, no strings attached. That's not going to fly.

Even Trump said yesterday, he agrees with the dem's, he doesn't want the monies used for stock buybacks & CEO bonuses.




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The above is a reply to the following message:
Re: Sunday evening, futures for the Dow Jones industrial average tumbled more than 900 points
By: Cactus Flower
in ALEA
Mon, 23 Mar 20 12:20 PM
Msg. 34871 of 54959

FTSE down 4 1/2%. Bad day, not a collapse. Folks will be assuming that a deal will get struck in the US.

But stock markets are pricing in expectations of the worst quarter in economic history. 30% unemployment almost overnight. Up to 50% loss of GDP. And the most incompetent administration the US has ever had in control of the levers.


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