The Mainstream Media Explains The Rise and Fall of The Stock Market

Why are stocks tumbling today? Here is the mainstream media’s take:

Here is the answer:

lifeline ending

The article says:

Investors continue to adjust to the increased likelihood that America’s benchmark rate will rise this year, a move that would end an unprecedented era of record-low borrowing costs.

In other words, stocks are falling due to fear of a December rate hike.

Great, just one problem.

Here is what the same mainstream media said just 10 days ago, on October 28:

rate hike play

This article said the following:

U.S. stocks ended sharply higher on Wednesday after the FED signaled a December interest rate hike was still on the table.

Shorter version: stocks soared due to hope of a December rate cut.

So ten days ago, a December rate hike is why “stocks ended sharply higher”, while today a December rate hike is the reason why “stock tumbles in global selloff.”

And now you know.

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About avirginiapatriot1776

I hope we have once again reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts. — Ronald Reagan
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