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Don't worry people, the upside of tariffs and a world wide trade war will become clear any day now /s
Will this happen before or after the strategy that’s behind the tariffs finally becomes clear?
We'll finally get back at all those free-riding penguins. They don't even have jobs!
Concerning.
We are witnessing history in the making, people! Keep documenting and writing it down, like the ancient greek historians. The US has radically changed under the new president Trump 2024 -> 2025 and we will need to study the effects on our world and global economy closely. Historic times indeed.
I'm getting really fucking tired of living in interesting times. I've lived through 9/11, the 2008 crash, a first Trump term through COVID-19, Russia's invasion of Ukraine, and now a second Trump term through another financial crisis.
Give me a fucking break.
I just want some fucking boring times, is that really so much to ask for? Just a time where people mind their own fucking business and rich cunts don't try to destroy the peace? I've never heard about an economic crash or a war started by a poor person. Hang any motherfucker who hoards wealth. Start from the top, and stop when people are no longer starving in the fucking streets, or dying from preventable diseases. I absolutely guarantee, we won't have to kill that many before the rest fall in line.
Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.
The thing to understanding crashes is that they're a crude signal of an underlying reality. Not a thing in themselves.
This isn't like the 2008 crash, or any other, because the reality that's causing the number to go down is totally different. Except maybe the great depression. It's a bit like that.
Could be even worse now, because in the 2008 financial crisis the US government was actively combatting the crisis by putting trillions of dollars in the economy. In this case it’s the US gov driving the madness.
And the fed probably won't let the government dump money into the system because there gonna be afraid of these tarriffs causing inflation.
I can defend my choice of words "historical": Even the most mundane happenings today might be viewed completely weird practices in the future.
....this only affects wealthy people, so the effects won't rage down upon the lower classes? correct? if not obvious /S
That's the great thing about trickle down economics, when it goes up, they get richer and we get poorer. When it goes down, we get poorer and they get richer !
Market swings only benefit those with capital to deploy on the right side of the bet. The rest get shafted either way.
At least in (most of) Europe, we do still have a large public part in healthcare/retirement and in general less stock investment culture so people won't see their safety netand retirement money collapsing, sure loosing let's say 10% of your saving sucks, and may even impact your ability to buy a new home (unless interest-rate fall faster in that case you may even be able to buy a nicer home)
We're also kinda lucky, The US adding tariff means that we'll export less to the US, but we can still export to the rest of the world at the same conditions as before. Note also that the remaining manufacturing in Europe is mostly complex product with high added value Planes, industrial robots, or Champagne's wine are already very expensive so I expect that many of the American who can afford these will still be able to afford-it with the tarifs. I am not Naïve, export to the US will dip, but I see some factors that should limit the dip.
Don't get me wrong, some European companies will loose US contract, and will at best launch mass lay-off plans or even bankrupt, and people will be unemployed (see point above about public safety net it makes the difference between selling your car, not going in holiday and shopping at Lidl and ending up homeless). But I am kinda optimistic, the impact for real people will be under control. I am old enough to remember 2008, and it wasn't that bad.
so, as a human being, you approve of the suffering of others to learn a lesson?
No, but most people here approve of the fact that we have at least some cushions to shield us from this madness.
It sucks to be everywhere, but I at least feel lucky knowing that there is absolutely no way I won't be able to make rent for the next 1-2 years, whatever happens, since the rent is fixed for the next 3 years and even if I get fired I'll get unemployment for 1-2 years.
I hope it gets better for US folks, but it really seems that the chickens came home to roost for unchecked neoliberalism over there.
Less direct effects, people are not forced to retire off the stock market and layoffs are very regulated here.
So it's going to be bad but not like the US.
...yeah, fuck those people..
Which people?
as the plane flies over your head, do you say what was that?
Im noticing a pattern in the us where after hours the big money pulls out and then during the trading day the chumps buy the dip.
Aight, of the 15% total crash, I'm 3,5% in it. Gonna put in the rest of my spare money next week and see the result.
That crash wiped out a year of gains, and I'm interested in the future. This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.
Just cannot know when that day will be 👴🏻
This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.
In my view, the damage is very real and businesses will keep suffering even if Trump winds down his tariff ambitions, because the uncertainty and unpredictability hinder investment decisions. For example, if you managed an aluminium business like Alcoa, would you put up the cash to set up new smelters in the US despite melting stock prices, high borrowing costs and the possibility that the tariffs shielding those US smelters from foreign producers are reduced or even scrapped altogether without warning? Many businesses are “damned if they do, damned if they don't”.
I'm sure there are smart plays in this market, but I'm also convinced that we've entered a bear phase.
Nobody knows bruv.
Lump sum investing wins from DCA 2 out of 3 times, and well bruv.. the market crashed 15%. I'mma keep it for my child in my wife's uterus. I don't need the money.
Do what fits your goals
Well, if everything crashes, then everything is equal!!
Then the guy with the biggest bicep eats first.
But what will he eat?
In the worst case scenario, you.
this post was submitted on 07 Apr 2025
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