The Dow Jones Industrial Average was down over 1,000 points today. The market crashed after Federal Reserve Chairman Jerome Powell warned of great pain and suffering for the US economy.
Dow ends down 1,000 points after Powell warns of pain for U.S. economy https://t.co/RQFsdN48Hx
— MarketWatch (@MarketWatch) August 26, 2022
This is just more evidence that the economy is totally doomed. It doesn’t matter what the Fed does. There is either going to be a hyperinflationary collapse of the dollar or a horrible depression.
Jeremiah Babe has more detailed analysis of this horrible economic disaster.
