LARRY KUDLOW: Recession risk grows larger and stocks are getting clobbered

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

FOX Business host Larry Kudlow reveals why it is so important for Americans to consider who they would like to lead the country as worries about a stock market meltdown grow.

Recession risk grows larger and stocks are getting clobbered. Investors who were irrationally exuberant only a few weeks ago, are now running for the hills. Stocks are getting clobbered with the Dow down 2,000 points the last three trading days. There may also be some politics to this story, as chameleon Kamala Harris is polling better than Joe Biden was, as low a bar as that may be, but no matter what she says, we know she hates business.

So much of this can be traced to the affordability crisis, where the Biden-Harris consumer price index has gone up 20% over their full term, while hourly wages have risen only 17%. In other words, for three and a half years plus, typical working families of all different stripes have suffered a pay cut in what Ronald Reagan used to call take-home pay and their taxes have gone up, not down.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 458. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

LARRY KUDLOW: The American stock market loves the Trump taleFOX Business host Larry Kudlow unpacks 'the greatest political comeback in American history' after former President Trump escaped his brush with death.
Sumber: FoxBusiness - 🏆 458. / 53 Baca lebih lajut »