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Renew Deal

(85,326 posts)
Fri Mar 6, 2026, 02:20 PM Mar 6

Pam Bondi created a real political problem for Trump, and it's not about Epstein

When Bondi was raving about the Dow at "$50,000" she created a boundary marker for the economy in everyone's minds. And as long as the Dow is below 50,000, the economy will be considered to be doing worse. This will be hard for Trump to escape. Pam Bondi finally did something useful despite her corruption, or maybe as a result of it.

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Pam Bondi created a real political problem for Trump, and it's not about Epstein (Original Post) Renew Deal Mar 6 OP
kick Dawson Leery Mar 6 #1
Below 47,500 Old Crank Mar 6 #2
Dow Jones ? PhilG Mar 6 #3
Ouch. Sorry to hear that, PhilG. calimary Mar 6 #4
The Fed loose money policy almost guarantees a continuously rising market Bluetus Mar 6 #5

Old Crank

(7,205 posts)
2. Below 47,500
Fri Mar 6, 2026, 04:26 PM
Mar 6

looks like where it will land today when they close in around half an hour.

Down about 5% from the time of her statement.

PhilG

(58 posts)
3. Dow Jones ?
Fri Mar 6, 2026, 04:34 PM
Mar 6

This should be a rallying cry for Dems. She should be asked if she's seen the Dow any time she shows her face in public from now on. Maybe even yard signs and bumper stickers too.

One of my long-term investments has recently lost 25% of its value. Thanks, Donnie.

Bluetus

(3,056 posts)
5. The Fed loose money policy almost guarantees a continuously rising market
Fri Mar 6, 2026, 05:48 PM
Mar 6

That is to say when the central banks created $20T of money after the 2008 meltdown and have continued to expand the money supply, not to mention another $4 trillion in crypto created out of thin air, that money has to go somewhere. It has mostly gone into capital markets, continuously driving up the price.

So I wouldn't count on the markets staying down. However, this war is EXTREMELY costly, and Trump already had deficit spending jacked to the breaking point, and that was before the bottom fell out of the employment numbers. So it is anybody's guess where we go from here.

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