Thursday, August 18, 2011

Back at it and starting with this, Economic Mess.

That sounds like his overall performance to date doesn't it?

Yeah, it just keeps getting worse with everything the minister of Hope and Change has 0bamaized.
Uncredited image.

NEW YORK (CNNMoney) -- Turmoil returned to the stock markets on Thursday, as renewed concerns about the U.S. and global economies sent major indexes plunging and pushed gold to a new record high.

Investors rushed to move their money into safe U.S. government bonds -- and yields on the benchmark 10-year Treasury fell to a record low below 2%.

Investors were walloped by bad news on multiple fronts: Morgan Stanley put out a dismal forecast for global economic growth. A key reading on housing came in worse than expected. And a report showed a significant slowdown in manufacturing.

"We had a couple days to stabilize and breathe, but you forget that it's a war zone out there and there's just too much uncertainty about the economy," said Frank Davis, director of sales and trading at LEK Securities.

The Dow Jones industrial average dropped 457 points, or 4%, after falling as much as 528 points. The S&P 500 was down 51 points, or 4.3%; and the Nasdaq Composite lost 116 points, or 4.7%.

All 30 members of the Dow were in the red, with Bank of America shares plunging 8%. Only four members of the S&P 500 were trading higher.  Read the rest of 0bama's mess here.
It is damn depressing watching him do his damage of government over growth and over regulation.

6 comments:

  1. Well the Panload almost has this country where he wants it. I hope we can stay strong for another 16 months.

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  2. Our Country is in a Mess!

    Hope you are feeling better.

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  3. Get better soon, and yeah, we're in the pits... dammit

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  4. This comment has been removed by the author.

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  5. I envision the Criminal-in-Chief hightailing it to Kenya the same afternoon after the new Republican President is inaugurated in 2013.

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  6. There are some people doing some real suffering out there, and not only do the Dems care less, they stand in the way. I hate democrats.

    And the repubs aren't doing us any good either. They don't stand up for us.

    Tea Party. Last Chance.

    ReplyDelete

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Where are the Photo credits?

I find most the images uncredited on random sites, but I will add credits if someone lets me know who the has the rights to the image.

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