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.
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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