737
Thanks Trump
Thanks trump.
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
I have an acquaintance that works for an old money, very wealthy family from oil money. The kind that influences regional as well as national politics. He worked for them during the last major recession in the late ‘00s. He basically said that his employer and all their buddies were running all over the world buying everything they could “like it is a fire sale” during the recession.
So yeah. This is how we get more billionaires, more oligarchs, and more meta national corpo monopolies where one company controls multiple brand names.
The best we can do is to quit as soon as your company gets purchased. What they are after is the people. Specially the key role people.
Don't document your process. Fix things without opening change requests. That way if you assemble things the quality will drop when you leave.
If you're in a key role, just quit. Don't go fucking around by deleting data. It's better to make up data instead that seems real but is not. Never write an email that is personal or has anger in it because, even if you don't send it, it gets saved. Same for your teams messages. You want to stay in the industry, but just quit if your company gets taken over by a billionaire.
Yeah, almost seems like it. I am convinced they are at least doing something like the "Mar-a-Lago Accord" to devalue the dollar, unseat the USD as the global reserve currency, inflate debt away, and make wages low enough and people desperate enough so more manufacturing is viable in the US again.
Can you define "rock bottom prices"? -- asking for a friend.
I find it deeply funny that fascism is completely compatible with capitalism (it's arguably its end-state), but they're still tanking the economy because Trump doesn't understand tariffs.
Fascism ultimately tanks any system because it prices loyalty above all else and you inevitably end up without any compitent people in charge.
Yeah, for sure, fascist regimes have a pretty short shelf-life in general because of cronyism and incompetence. I'm just saying there's nothing inherent to fascism that should be tanking the economy right now in the way, say, a communist revolution would by causing capital flight. If he wasn't pushing the worst, most unnecessary trade war in history, Trump could have a strong economy right now.
I told my partner that we needed to stop excessive spending like going out to eat while the economy is so uncertain. She was ok with that. I'm not feeling great about our (collective) future. Sigh.
I hate that going for a meal out is considered excessive, from someone who is in the same boat as you.
And all restaurant owners are probably bracing for this to hit hard.
So much winning.
Billionaires and corporations are absolutely winning, in the foreseeable future.
While yes, the stock market going down is the opposite of “corporations winning”
the pie is getting smaller but the oligarchs are getting bigger slices.
If you bet on falling stock prices you can still get richer. Especially if you do not give a fuck about what companies you bet on. Or workers. Or society.
We also believe the dynamic macro environment has contributed to a more cautious consumer
Am I getting this right? Is this double speak for "the government is fucking up so badly, people try to save some wealth for the inevitable fall of society"?
I think that is what the main point is. Brace for extremely hard times.
I look forward to mainstream media using real words with real meaning, again.
Its almost like it can't forever be going up..
Almost like someone actively causing instability with bad economic policy and stirring global political instability would cause it to go down.
Except if you follow very basic economic policy and buy low/sell high a recession/major correction is just a buying opportunity. Think new game+ mode, now you extra stonks on your new playthrough.
Clarification: I'm talking about banks causing collapses as a way to consolidate. Not wallstreetbets shit.
But... But line. Line go up.
Youre telling me that exploiting the workers, making life horrible and expensive for the middle and lower class while giving tax breaks to the ultra wealthy makes the line not go up?
B... But line. Line go up!
With all this hysteria going around it seems like the general population has forgotten how we live in the real world and where we came from, how we got here.
Thanks trump. (if he can take credit for Biden's economy then he can take credit for his ineptitude too)
If he can take credit for the past admin, he can take credit for his failures.
He won't, Trump can do no wrong according to himself and his cult followers. Anything good is all him, anything bad is a nebulous thing he had no part of.
Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.
Looks like I made the right choice by not saving money at all and working until I die.
Looks like I picked the wrong week to quit sniffing glue
At least you don't have a drinking problem
load more comments
(3 replies)
Bro just quit buying avocado toast and pull yourself up by them bootstraps, you're just not working hard enough bro get on the grind and then you can maybe retire in a slightly larger cardboard box
load more comments
(1 replies)
Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.
You've made HALF the right choice. You "sold high", which is great!
However, the harder part is knowing when to go back in for the "buy low" part. If you're out of the market when that recovery occurs you'll be missing out on those gains. I've look at historical recoveries and can tell there is no way I'll know when that time is. I will guess wrong every time.
I hope you're better at it than I am.
load more comments
(26 replies)
load more comments
(2 replies)
Wake me up when it's worse than 2022.
Hope you like short naps
Honestly, kinda surprised it is only dropping this much. Would have though the collapse of the free world as we know it to have more of an impact.
Meanwhile, the CAC40...
wow, pandemic numbers without a pandemic. trump rules...!
imagine what it'll look like when the second pandemic hits
This is also called a buy phase
Buy low, sell high
Trumps policies are expected to pass costs on to consumers but have the benefit of maintaining production and development internally which should long term keep more money inside the USA, hardening supply lines against foreign influence. Given that China is openly campaigning for war on Taiwan by 2027 latest, and they're responsible for close to 80% of critical imports to US minerals, this puts the US in a predicament which Trump (probably not on purpose tbh, I won't give him the credit) is preparing for.
Tariffs on raw metals and minerals have proven effective since his first term with significant improvements in domestic refinement.
-"Tardif pass-through and implications for domestic markets: Evidence from US steel imports" Ahmad et al. (2023).
This isn't shared by other aspects of the supply network though like finished products or more complicated manufacturing because market instability halts investment in those areas, so no development actually increases in the US and prices just increase. This is a fatal flaw in the tariff calculus that is hurting trade and the economy. Manufacturing takes years to develop and adapt, and no one will leap on that kind of investment without clear assurances.
It's hard to lie about stock prices, let's watch them continue to shout their propaganda as the riots start.
-
They inherited Biden's economy
-
trump can't affect anything so soon
-
It would be worse under Kamala
-
We'll just have to suffer a little pain while trump fixes things
Take your pick of weak excuse
At this point the people that still like trump would happily live in a cardboard box as long as people they didn't like were denied a cardboard box
His supporters would clap and cheer in the dark while he unscrews the last lightbulb.
load more comments
(1 replies)
OMG... Trump was lying about fixing the economy? Please say it isn't so!
Stable genius getting results!!!
since 2023
So what's the explanation for why stocks dropped so much in 2023?
load more comments
(2 replies)
view more: next ›
this post was submitted on 28 Mar 2025
737 points (100.0% liked)
News
28227 readers
4295 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS