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The Fed announced on Wednesday afternoon that they will increase rates and will also increase rates next year.

The Dow immediately dropped 350 points in 10 minutes.
The market was up 370 points and dropped to 20 points up.
UPDATE– Dow dropped 470 points in one hour.
UPDATE: 570 Points
UPDATE: Dow down 670 points from daily high before announcement.
UPDATE: (1 hr. 10 minute later) Dow down 770 points.
UPDATE: The Dow finished -350 points or down 720 points since 2 PM when Jerome Powell started talking.

Market was down at one point by 894 points

Holy crap!! Somebody get this guy off the stage! Dow drops 894 points since Fed Chairman Powell took the stage!!

The Fed is clearly a political machine not working in the interest of President Trump or the American people.  As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come.

The Dow Jones shrank by 3,200 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.

The DOW reached another all-time high on October 3rd reaching 26,829.  It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.

This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.

On Monday after the president’s tweet the Fed announced it would likely raise rates — The Dow immediately dropped another 507 points.

1/8th of the US economy is gone thanks to the Federal Reserve.


$4 Trillion in Wealth has been erased!

On Tuesday Stephen Moore said if the Fed raises rates on Wednesday they should all be fired.

Moore was right.............  Video


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It does look like the liberals and the establishment has their vehicle whereby to combat Trump's successes and agenda.  While, for a while, I was inclined to blame Trump for the stock market woes I quickly changed my mind when it was evident that fears associated with the FED overshadowed any influence that Trump or his policies had on the market.  The MSM as well will be blaming Trump and also rooting for the FED to further increase rates and dampen an otherwise optimistic outlook by most citizens as to the future of our economy.  It is a dangerous thing when any group in government makes their jobs and positions political to the point that they would be inclined to damage the entire nation in order to strike a blow at a political leader that they disliked.  In this case there is much hatred across Washington and the government of Trump and his policies and I sense that a great many of them considers him a "fish out of water" so to say in that he doesn't belong in their world.  

Any other time people that are so hostile to Donald Trump would be kissing his hind parts seeking donations and favors but in the case where he has entered their world of politics he has incurred their ire and hostility even those within the conservative media and conservative think tanks, such as the likes of George Will, who are seeing things that they believe in done yet they are opposed to them strictly because of who is implementing them and from where they originate.  Their feelings are hurt and they feel that someone who "doesn't belong" has entered their arena and thus this outcast has to go and be defeated even if it means that the very thing they detest and oppose in increased and promoted in order to achieve the end result.  That's politics at its worst and dangerous for the Nation as a whole.

Trading by large funds is managed by algorithms.  Their actions mimic a panicked sell, or buy for that matter.  That's part of the problem.  Uncertainty is the next big problem -- markets hate uncertainty.  Outside the US, a recession is brewing. It may spread to the US via panic.  The major uncertainty appears to come from the far east -- China in particular.  A large merde storm is brewing there.

Merry Christmas, anyway!


Effective Fed Funds Rate and All Federal Reserve Banks Total Assets

It's not just raising interest rates, it's also about the FED unwinding its balance of Quantitative Easing. Four and a half trillion bucks of "free money" in the past will have an unknown effect on our economy now and in the near future.

To add to Dire's foreign uncertainties, Europe's problems may also impact the US. The "yellow vest movement" and nationalist movements are products of over taxation brought about by the flood of immigrants with no work skills and the subsidies needed to make "green energy" investments profitable for the crony capitalists. Since most large corporations have units in Europe as well as Asia, what happens there hits the bottom line of US companies as well. 

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