Who instigated the crisis is beside the point. What matters is how people respond to it. Let’s see what grade American public will give out.
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Vox? Really?
There would have been no negotiation except for the election of RR. It was clear to the Iranians that he wasn’t going to mess around.
Overtaken:
What about tomorrow Friday the 13th?
Futures are down…
Black Monday again! MAGA!
Dow closes down 2,999 points, as coronavirus collapse continues; worst day since ’87
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Where are all the MAGA hats? 
We told you! He ain’t good to even milk a casino!
1987 vs 2020
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I remember 1987. Scary shit. Today is way worse.
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Did the entire globe stop spending in 1987? If not then no. No bottom until there’s a promising cure.
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Looks like 2020 has had a v shaped recovery. At least so far
I do not know what for you are quoting this, but economy (GDP) went down 5.8% and 32% during the last 2 quarters.
Stocks are at V shaped recovery, anomaly with economy - vest interest from market makers/banks with the help of FED, and they are at peak cycle which I guess now. By using mean reversion principle, stocks will align with economy soon. I strongly believe in it.
For that matter, entire world wide (euro,asia and us regions) stocks reversion will be coming.
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Maybe but the v shape refers to the stock market like in the violent drop in 1987.
The economy is hurting. But the average Joe is benefiting from the current stimulus.
Joe Biden wants to give everyone a guaranteed min $1000-$2000 month. This could keep this fake boom going for years. Definitely bullish for the economy and landlords. Not so good for savers with money in the bank.
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July consumer spending was a record and up yr/yr.
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Try finding an appliance, boat or RV. Plus vacation property is skyrocketing in value. Backlog on air conditioners, refrigerators… 8 weeks.
New Mastercraft boats are back ordered one year out.
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I can attest to the refrigerator backlog. I recently had to replace 3. Very hard to find reasonably priced fridges that’s not backlogged. Ended up buying from sears outlet which are just slightly cheaper than brand new ones but with scratches and dents, only because they are available right away.
Personal opinion: I am 100% convinced Trump is better than Biden. Trump means aggressive steps/pulls back possible with current FED. Biden means tax as solution and recovery is under struggle with Obama like old methodologies without proper understanding.
If this discussion about politics (Trump vs Biden), please ignore this.
I have some doubt on real economic recovery as it needs long years (with FED support) to go back to normal.
Without entertainment, travel, expenses by the consumers must be less.
Source: U.S. Consumer Spending Rose More Slowly in July - WSJ
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The category mix changed. No one is doubting that. However, total consumer spending was higher yr/yr. Just look at how much some categories have increased. COVID definitely created categories of winners and losers.
Plus, the personal savings rate is high. That means once people are confident then they’ll have extra cash to spend.