Biden Economics: Dow 'Crashes', Down 981 Points

[G.L.R.]

BIDEN ECONOMY: Dow Down 981 Points at Close – Worst Day Since June 2020

April 22, 2022



The Dow dropped nearly 1,000 points today – the worst day for the Dow since June 2020.

The Biden economy is doing bad and getting worse. Inflation is at an all-time high by some measurements and at 50-year highs by other measurements. With inflation at all-time highs, Biden's economy is a mess. The cost of gasoline has reached all-time highs. Interest rates are up near 7% now, the highest rates in years and still they are way behind inflation. This all happened due to Biden's reckless spending. Stocks finish sharply lower Friday to book weekly losses, as Wall Street focused on a potentially compressed timeline for the Federal Reserve to swiftly raise interest rates in a bid to curtail inflation at 1980s levels.

The Dow Jones Industrial Average shed about 981 points, or 2.8%, ending near 33,811. It marked the worst daily percentage drop for the index since Oct. 28, 2020, according to Dow Jones Market data. The S&P 500 index fell 2.8% and the Nasdaq Composite Index tumbled 2.6%... Cleveland Fed President Loretta Mester said Friday afternoon that she didn't want to "shock" the economy with a 75 basis point interest rate hike at the Fed's next meeting in May...

BIDEN ECONOMY: Dow Down 981 Points at Close - Worst Day Since June 2020
https://www.thegatewaypundit.com/2022/04/biden-economy-dow-981-points-close-worst-day-since-june-2020

[G.L.R.]

 

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