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That's funny for sure but not actually true.
I mean it feels like the worst year just cause this idiot is such a shit head.
But, if we're going with the facts............
The year ain't over and I expect a year-end rally but even if we measure from 37,000 to 29590 (closing print today), that's only -20%.
1931 -43%
2008 -37%
1937 -35%
There's more that are larger than -20% besides those 3.
Your author at TGP got carried away and I can see why.
Since Biden got paid $13 million thru his LLC (which tax return was NOT released to the public), he doesn't give a shit that Americans have lost 20% of their wealth...........don't worry it'll be more as soon as we get reversion to the mean in the RE market.
If we just go back to pricing right before the pandemic, which is highly likely, then RE prices go down anywhere from 20% in OC to 40% in Austin, Boise, etc.
Time for the Biden shit show to club you bitches like you're baby seals 
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Goballsdeep.
I think the author is alluding to the 6,700 point drop, as the largest number of points drop, not the percentage of value.
This is the problem with statistics, you need to know what they are using and how they are comparing.
Like Biden commenting on the nice drop in gasoline prices. Of course, I can compare today to one month ago and it looks better. But if i compare today to January 2021, the current price is horrendous.
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Gotta tell you that I love the cognitive dissonance as Progs defend Biden while losing their retirement plans to his stupidity. ).gif)
I'm not defending Trump's concept of fiscal management, Allah knows he hasn't a clue about budgets but having Biden AND a Prog Congress is a recipe for total disaster.
The current imbeciles seriously think that if you simply call it the "Inflation Reduction Act" that somehow the magic will happen, even though it's another half a trillion blowout.
Poor Powell, Congress/Biden just keep spending and his only policy tool is interest rates and QE reversal..........the last 5 months have seen the steepest drop in money supply in history. You think it's bad now, lol.........just wait til you're in a bread line a year from now.
Stupid Progs
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I am sure the market will rebound, right after the Democrats get shown the door in November.
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"The DOW is currently down since Biden took office. It is down 24% since the last market closing all-time high of 36,799 on January 4th of 2022."
I don't think so, Jazz.
Author uses a % in his article.
Plus, if he's using points.........that would be even dumber
Points alone don't mean shit.
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@physicsguy, I'm hoping the same thing. Dems replaced by Repubs who will stimulate the
economy and do something to end the war in Ukraine.
Unfortunately, more misery to come for many with Biden as POTUS.
No food, no water, high prices, more crime and more illegals.
But the Dems will tell you these are the sacrifices you have to make
for a better world! 
But we all know now that the rich elitists Dems will tell you that we make the
rules but we don't have to follow them. But you certainly do! 
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Works best when the guvmint is split between these 2 criminal gangs.
Reps can do as much damage as Dems
But, it's definitely the Dems turn right now due to the HUGE left turn they made since Obama.
Remember that most of the current WH people are old Obama people so just continuing the great work of that Stumbler-In-Chief.
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| There are 7 comments on this blog. |
