Thanks Barack… Dow Drops 460 Points – Lack of Confidence in Leaders Cited

The Dow is currently down 460 points on the day. Lack of confidence in leaders was cited as a reason for the plunging markets.
Reuters reported:

Fed outlook, weak data fuel global economic worries
Safe-haven dollar, Treasuries soar as oil, gold tumble
Lack of confidence in leaders cited in market losses

By Wanfeng Zhou
NEW YORK, Sept 22 (Reuters) – World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears of a global recession one day after a grim economic outlook from the U.S. Federal Reserve.

Stocks tumbled more than 4 percent and commodities took a beating. The U.S. dollar climbed to a seven-month high against major currencies .DXY as investors fled risky assets.

Weak data from Germany and China helped push investors to the safety of U.S. government bonds, where benchmark yields again touched lows not seen in 60 years.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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