Message from @Sophie
Discord ID: 683045886875664386
By muzzling the CDC and spreading misinformation
How?
What?
He’s recapitulated CDC advices but also given his thoughts.
The Dow is down 614 points today
I know, it was down 1000 earlier
Now it’s going up.
I.e stabilising
```The global stock market is, theoretically, the distillation of how investors think everything that happens in the world will play out in the economy. Right now, judging by these drops, investors are much less optimistic than they were a week ago. But what they’re predicting is not only how bad the outbreak could be in terms of workers staying home sick, drops in consumer spending, or supply-chain disruptions; it’s also how bad people think it could be. Those might turn out to be two very different things```
There’s not yet evidence to show a stabilization. Maybe it is
So far it is either going to gradually decline or become worse, if the later and panic sets in, you won't see recession but stock prices will be weak.
Sure I mean fundamentally stocks are either pricing in the economic shock accurately, or overestimating or underestimating the impact
Panic has set in
It's just that's reversing now
But stock prices are an early indicator- we haven’t seen the actual economic hit
DOW is now 550
Dude consumer sentiment literally rose lol
Which will be retail and service choking
Ok? That’s absolutely irrelevant
Trumpets are absolutely delusional insane people
I still believe Trump is a good president
You couldn't be more correct
Lol
As I said: delusional insane people.
Can you give an example of something he did that can be held against him?
Most recent news was that he was nearly impeached but was acquitted
@Sophie The nasdaq turned positive lmao
I told you
don't expect it to remain positive for long, remember China's economy is getting fucked
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ lol the nasdaq is positive by less than a point. The Dow is still way in the hole. Obviously this is not some great vindication of your grand theory of “hoping things go well for trump”
The market may have stabilized, it may not have. We will need several more days of data to know either way.
@Cat Queen 👑 I’ve got a few things I can blame him for one of which is the repeal of the fair pay and safe work places executive order which made sure federal contractors complied with protection laws before receiving government contracts so basically leaving millions of workers at risk of wage fraud and workplace injuries
He tried to cut his taxes while also trying to take healthcare from millions of Americans
I also heavily dislike his attempts to repeal environmental protections protecting at risk animals and our water supply
He’s done a ton of anti worker shit too
Taxes are a large issue and all the tax dollars are currently going to Obama care, Medicare, ect. That's why we're in debt
Okay but that wasn’t what I brought up