"The Dow plummeted 531 points, concluding its worst week since 2011. Around the world, major indexes also fell for the week and most are negative for the month.Three big factors are driving this week's worries:
1. Concerns are growing that China's economy is slowing down faster than its government has said.
2. Investors had been preparing for the U.S. Federal Reserve to raise its benchmark interest rate in September. However, the central bank has been sending mixed signals. That's dredging out the market's worst enemy: uncertainty.
3. Oil prices dropped below the key $40 level for the first time since 2009."
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Welcome back My Dear Shoevians to The Other Shoe & Dow Takes a Dive! This week has shaped up to be one of the worst on record, since the 2008 Wall Street 'Melt-Down'. The DJIA (Dow Jones Industrial Average) has been taking a pounding since Wednesday, when it lost 262 points, followed Thursday with a 354 point drop and then today's 521 point gutting. This leaves the DJIA with a 8.51% loss of total value of the exchange. Nearly 10% in a matter of days. This is not a stable economy.
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Five Day DJIA Charts Week of August 17th, 2015
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I mean, My Dear Shoevians, days like today should be a strong indicator that our recent change, from an economy built on producing and selling, to a 'Value Added' economy. 'Value Added'... that, My Dear Shoevians, is a polite way of stating America's economy is a parasite. In that, 'Value Added Economy' is an economic model that dictates the majority of your GDP (Gross Domestic Product) will come from 'Consumer Sales'. Your main economic engine is America's making purchases.We the people are the engine... not; agricultural output... not industrial output... and not 'Technological output'. America produces nothing.
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Let me repeat that; America produces nothing. When I was but a boy; America designed and built the cars of the future. When I was a budding young man America; put man on the moon. Now, as I approach the Golden Years of my life, I am faced with a disgrace of a nation. A nation who, through blind pursuit vile and disgusting avarice, has brought our nation and its economy to its knees. Listen, My Dear Shoevians, an economic model which replaces the creation of GDP via; agricultural, industrial or technological output with consumer spending in a 'Value Added' economy... you get = "An Economy of Exclusion" -Pope Francis
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Dow Takes a Dive!
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Until America takes back leading the world in the production of _____________, America will continue to have an grossly unstable economy due to the FACT that a "Value Added economy" using Consumer Spending' as its main economic engine = an Unsustainable Economic Model. It really is just that simple. So, What Was The Tipping Point this week? OIL PRICES! The price of a barrel of sweat crude went down to $40! OPEC has really become the 'Paper Tiger' that President Richard Nixon claimed. America's DJIA should be a sign of our nation's economic stability. Not this wavering at the slightest sign of; political, social or geo-political distress. We need to bring stability back to our economy, and you will not accomplish that task with a man that has bankrupt more companies, in his lifetime, and most of us have ever worked! We need a steady hand, at the till of our nation. We need an mature hand, and the hand of a leader with vision. A vision based on income equality and an end to our unsustainable economic model 'Trickle-Down Economics'!
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The proof is right here in front of us, we need to be mature and reasoned. We need to be adults and scientific in our approach. We need to look to the past for economic models that lead to prosperity for all Americans. We need to do this... NOW!
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Adieu!
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Thank you!
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Danny Hanning Writer, Editor, Research Staff and Publisher at The Other Shoe
© 2010 – 2015 Hanning Web Wurx and The Other Shoe
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