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Stocks, Bonds Sink in Broad Retreat from US Assets: Markets Wrap
- doener 2y ago[flagged]
- dang 2y agoCould you please stop veering into so much political and ideological battle? You've been a good HN user for a long time but your account has taken a noticeable turn in that direction. It's not what this site is for, and destroys what it is for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- deleted 2y ago[deleted]
- inverted_flag 2y agohttps://archive.is/g9ICh https://archive.is/g9ICh
- inverted_flag 2y agoAlso a fun fact: The Dow has dropped 1000 points in a day 11 times in it's history. 4 have occurred in the past month.
- joegibbs 2y agoYou’ve got to consider though that it didn’t reach 1000 points until the 80s, and by percentage a 1000 point drop is only -2.5% now when it would have been -10% back in 2010.
- deleted 2y ago[deleted]
- mullingitover 2y agoThis really looks like a case of the administration having a scheme to spook the markets and send them to the safety of bonds, which would then have plummeting yields, shaving tons off the federal budget that could then be funneled into tax breaks for the usual beneficiaries. However, as they say, these are not very bright guys, and things got out of hand. They spooked the bond markets about whether the US is even going to be a going concern in the future. Only question now is whether those in power will give it up willingly when the electorate inevitably shows them the door.
- LinuxBender 2y agoAnother possibility is to have shaken the stock market so friends of friends can buy up stock cheap then back off the tariffs and sell but maybe I am just being cynical.