DOW Down 2,000 Since Biden’s First Day – $9 Trillion Lost in World Stocks in 3Q Alone
The DOW is currently down more than 2,000 points since Biden took office. The markets have lost $9 trillion in the 3Q alone.
The DOW is now down more than 2,000 points since Biden took office. As of 1:50 pm Friday, September 30, 2022, the DOW stood at barely 29,000 points. During the day the DOW was actually lower than 29,000 points.
When Joe Biden took over he was handed an excellent and growing economy. But he blew it.
President Trump put in place the greatest economy in US history.
But Biden destroyed the Trump economy by killing the energy sector and spending like money grew on trees.
On January 20, 2021, the DOW closed at 31,188. Today the DOW was under 29,000. This is a more than 2,000 point drop for the DOW since Biden stepped into office.
The DOW is currently down more than 7,000 points this year alone (the DOW was at 36,338 on December 31, 2021).
The worst year prior to this was 2008 when the DOW was down 4,488 points. This is currently the worst year in US stock market history and Americans are seeing it in their 401ks.
Now Newsmax reports that $9 trillion has been wiped from world stocks in the 3rd Quarter of 2022 alone.
If global market investors thought 2022 couldn’t get any more painful or unpredictable, the last few months have certainly proved them wrong.
Another $9 trillion wiped off world stocks, oil down more than 20%, historic losses for bonds, war, and things became so ugly in G7 Japan and Britain in recent weeks that the authorities had to step in.
With inflation-fearing central banks racing each other to ramp up borrowing rates, there have now been nearly 300 interest rate hikes over the last year.
It seems those goldilocks good times – where markets rally as economies chug along at just the right temperature – are definitively over.
The Biden economy is killing America and the world.
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