It should be no surprising that we are seeing stock market losses. It is NOT caused by President Biden. Instead, the cause is that the market is hugely over-valued. For years, now our monetary policy has been wrong-headed. The interest rate has been artificially so low that the the stock market appeared the only place seemed the only way one could make money,. This had led to an unwarranted stock market boom.
Why did we ever abandon the idea that the interest rate that one could earn earn by bank savings accounts should be higher than the rate of inflation?????
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Stock market loses are NOT caused by President Biden.
LiterateHiker
Level 9
May 9, 2022
2
I think you meant to say "not caused by President Biden"?
I think that was probably abandoned when all the banks merged with brokerage firms and market advisers, realizing that they made next to no money off savings accounts, but tons off broker fees. Win or lose, the broker still gets their money. In some ways, ambulance-chasing lawyers are actually mre respectable than stockbrokers; with some of them, at least, they don't bill you unless you win. (I totally believe that... 
but at least they respect us enough to lie about it!)
Paul4747
Level 8
May 9, 2022
4
Do you mean it is NOT caused by President Biden?
HippieChick58
Level 9
May 9, 2022
3
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