Take 90 seconds and look at the causes of the major US economic downturns since WW II, and especially since 1960. Count up how many were caused by
A. - inflationary pressure
B.- Spike in oil prices
Now look at what actions this inept administration has initiated to
A. - cause a spike in oil prices and
B.- increase inflationary pressure.
What did anyone expect to happen to the stock market? After studing this, are you shocked and stunned that the market is retreating? I should hope not. The only think that surprised me was that the market went up after the 2020 election, and did not start to tank as soon as Biden started issuing EO's killing fossil fuels. I suppose the massive injection of liquidity keep consumer spending post Covid kept the market happy for a spell. Once the pent up consumer demand was satisfied, we entered this messy period. Anyone see the market at 25,000 soon? It's likely.
Read:
https://fifthperson.com/every-us-stock-market-crash-since-the-1950s/
