I had quite a bit of money in the stock market. A few weeks ago, the stock market's volatility had me down about $30k. I decided enough was enough, and I got out. I moved all of my funds to an online savings account that pays 2.1% interest. Since that day, the DJIA has lost more than 10% of its value, down almost 4000 points from its 52 week high of 26,951.
The Fed appears to be purposely destroying the market with these interest rate increases.
1 comment:
Yes....the Fed IS tanking the economy to hurt Trump. They kept Prime at or very near zero the entire time Obozo was infesting the White House. They've raised it EIGHT TIMES since Trump took office....they aren't even TRYING to be subtle about these attacks anymore.
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