Fed uncertainty sends the Dow, S&P 500 down for fifth day

Comments (3)
reality-again wrote:

“Wall Street dips at open in wake of strong data”

This perfectly ridiculous sentence is a real-world headline in a respectable financial media outlet.

It seems like everybody got used to this QE madness, including misguided policy makers, clueless analysts, perplex journalists, and giddy investors.
Does the public buy this? Do business owners and managers?

Dec 05, 2013 10:38am EST  --  Report as abuse
MikeBarnett wrote:

There are two more reasons to be pessimistic about the US economy. The biggest shopping season is Christmas; this year has one less weekend for shopping; and the US will lose this weekend’s shopping to snow and ice. We may have a “White Christmas,” but there may not be enough green to pay for recovery.

In addition, Obamacare will take $1260 per year from each person in the US or $400 billion that is equal to 2.5% of US annual GDP. It is a regressive cost that will lower consumer spending by $400 billion. The US will need to grow over 2.5% GDP per year to beat the 2.5% GDP drag of Obamacare and remain positive. Given recent US economic performances, US GDP “growth” may be negative for a few years.

Dec 05, 2013 5:33pm EST  --  Report as abuse
HerbSmith wrote:

Perhaps the Budget Conference will succeed and there won’t be another shutdown or default fiscal crisis.

Dec 05, 2013 9:34pm EST  --  Report as abuse
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