Posted by on January 30, 2021 11:33 pm
Categories: The Beltway Report

Joe Biden is doing one hell of a job destroying the United States economy for his Chinese Communist masters.  Joe wasted no time since he has taken office.

Don’t believe me?  Well, list to Yahoo … you know the hacks that published the Steele Dossier.  Even they admit the market is crapping the bed under Uncle Joe:

Yahoo Finance reported:

Stocks sank Friday, closing out the week and month lower after a volatile stretch of trading.

The S&P 500 shed 1.9%, erasing its gains for January and 2021 to date. The index’s weekly loss came out to 3.3%, its worst since October. During Friday’s session, the Dow shed more than 600 points, or about 2%, to close below 30,000 for the first time in six weeks, and the Nasdaq also sank by 2%.

Shares of some of the heavily shorted stocks that had become popular picks among members of Reddit’s r/wallstreetbets forum surged anew after sliding on Thursday. GameStop (GME) shares rocketed higher by about 70% on Friday after nearly halving on Thursday. The stock closed at $65.01 per share a week ago, but by Friday’s close, was higher by more than 400% to $328.24 per share. Shares of AMC (AMC) also soared Friday after plunging on Thursday, as did shares of BlackBerry (BB), Express (EXPR), Bed Bath & Beyond (BBBY) and Nokia (NOK).

Over the course of this week, trading in these and other heavily shorted names generated historic trading volumes in equity markets, surpassing even the volume of trades taking place at the most volatile points of the pandemic in 2020. More than 23.6 billion shares of U.S.-traded stocks were exchanged on Wednesday this week, according to Bloomberg data, marking the most ever in records spanning back more than a decade.

In his first day in office, Biden killed an estimated 52,100 good paying jobs … DAY ONE.

Then he kept on keeping on.  Not only high paying oil and gas jobs did he kill, then he killed the construction jobs building the Security fence down at the border.

Biden has announced that his main goal is not getting out of the way for those with capital to create jobs for those Americans with labor to sell.

Rather Biden’s number one goals are combating ‘climate change’ …. this is the guy who can’t even talk, and he is going to change the Earth’s climate …. ok.

Oh, and his other priority is communism … or as he calls it ‘equity’ … we are passed ‘equality’ and now on to ‘equity’ … don’t believe me that equity = communism?



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