Another “Black Monday” has descended on America with a massive stock sell-off underway. The NASDAQ is currently down over six percent after dropping nearly three percent on Friday. The DOW and S&P aren’t faring much better. Much of this was telegraphed over the weekend after the Japanese market saw a huge drop, with futures painting a bleak picture for the opening bell.
That played out immediately as the chickens of “Bidenomics” came home to roost. The soft landing is suddenly not looking very soft anymore. Ironically, this is all happening just six days after Joe Biden proclaimed that he had “cured the economy.”
JOE BIDEN LAST WEEK: “I cured the economy.”
— Steve Guest (@SteveGuest) August 5, 2024
No, what Biden did was ensure that Americans will now get the worst of both worlds. Instead of eating a short-term recession several years ago, he…