Monday, August 05, 2024

US_ World Markets Melting Down Over Fear About US Economic Issues and Recession

RedState

World Markets Melting Down Over Fear About US Economic Issues and Recession

By Nick Arama | 8:35 AM on August 05, 2024

The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com


AP Photo/Richard Drew


There was a warning of big problems on Friday, as we reported. The stock markets were taking a big hit in the wake of a bad jobs report and fears of recession. Even CNN had to admit how weak the latest jobs report was. But the response of the Harris team was to blame former President Donald Trump, who hasn't been in office in three-plus years.

Economist John Lonski: "I'm beginning to smell a recession coming into view... this jump by the unemployment rate, my goodness, 4.3 percent this is up sharply from not long ago." pic.twitter.com/ORGmAXpbrV
— MAGA War Room (@MAGAIncWarRoom) August 2, 2024


READ MORE: Harris Team Just Gave a Sure-Fire Reason to Not Vote for Her With Unhinged Reaction to July Jobs Report

Bidenomics in Action: Stock Market Tanking, Hiring Slowing Down


But now, come Monday, it's not looking good as markets were concerned also about the failure to cut interest rates. The sell-off is likely to intensify.

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READ MORE: https://redstate.com/nick-arama/2024/08/05/world-markets-iquake-in-response-to-us-economic-issues-concern-about-recession-n2177746

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