The Stock Market Is Sending a Message, but Biden’s Not Listening

Every time the president talks about ‘zero inflation’ and a strong economy, he’s begging the credulity of every American. Nobody believes him.

AP/Susan Walsh
President Biden at the White House September 26, 2022. AP/Susan Walsh

President Biden likes to ridicule the stock market. He never talks about bonds or interest rates. He frequently criticizes President Trump for keeping a sharp eye on the stock market as a leading indicator on the economy. Well, Mr. Biden might want to have another think about this stock market business. Because it’s falling now, almost on a daily basis. 

The broad-based S&P 500 is off 24 percent year to date. Signaling a bear market. And a recession. The U.S. Treasury bond market has basically collapsed. Prices have plunged and interest rates have soared. 

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