{"id":159655,"date":"2024-08-05T13:07:59","date_gmt":"2024-08-05T17:07:59","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=159655"},"modified":"2024-08-05T13:07:59","modified_gmt":"2024-08-05T17:07:59","slug":"kamala-hq-mocked-donald-trump-for-predicting-market-crash-under-joe-biden","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=159655","title":{"rendered":"Kamala HQ mocked Donald Trump for predicting market crash under Joe Biden"},"content":{"rendered":"

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in May 24, 2024, the Democrats took to X, on what was then an account for Joe Biden’s reelection campaign, to mock Donald Trump’s prediction. During an interview in May 2020, Donald Trump predicted that if Joe Biden were elected, the markets would see a crash. That account, now “Kamala HQ” addressed this prediction, and continued by bragging<\/a> about how the stock market reached its highest levels in history. As has been seen over the past few days, another one of Donald Trump’s predictions ended up becoming true.<\/p>\n

From Intelligencer:<\/strong><\/span><\/p>\n

On Friday, new data dropped showing the unemployment rate in the U.S. rising to 4.3 percent, higher than expected. Historically, this is not a high reading, but what matters here is the speed at which the jobless rate has risen lately. In the past, a sudden spike in unemployment has indicated a recession is on its way. This observation is called the Sahm Rule — named for former Federal Reserve economist Claudia Sahm — and it is one of the key triggers that economists look for in gauging the health of the economy. Last week, this gauge tipped over into pointing toward a recession.<\/p>\n

Now, there are reasons to think that the unemployment report looks worse than it actually is, since those numbers reflect both higher than normal layoffs in temp jobs and an increase in people looking for work from higher immigration. Those details, coupled with an encouraging Monday manufacturing report, shows “an economy in transition rather than one on the brink of collapse,” said Matthew Martin, an economist at Oxford Economics. It is simply too early to say if this means a recession is going to happen, and some of the most time-worn indicators of an economic downturn have been deeply wrong since the pandemic, as the trillions of dollars of stimulus has seemingly dispensed with old assumptions about how the economy actually functions.<\/p>\n

Still, there are “heightened recession fears,” said George Pavel, general manager at Capex.com. Goldman Sachs has upped the odds of a recession to about one-in-four.<\/p><\/blockquote>\n

Additional Reading:<\/strong><\/p>\n

Dugan, K. T. (2024, August 5). Why is the stock market crashing today? Intelligencer<\/em>. Link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

in May 24, 2024, the Democrats took to X, on what was then an account for … Kamala HQ mocked Donald Trump for predicting market crash under Joe Biden<\/span>Read more<\/a><\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[643,469,11,707,13],"tags":[],"class_list":["post-159655","post","type-post","status-publish","format-standard","hentry","category-2024-election","category-donald-trump","category-economy","category-kamala-harris","category-society"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/159655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=159655"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/159655\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=159655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=159655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=159655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}