this post was submitted on 10 Mar 2025
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For comparison, there was a 6% drop in the market in early August, and the market closed the end of the month up 2.4%
Damn he’s so self aware /s
Every accusation is a confession.
Did trump just set the new speed run for a Republican ruining the economy after a Democrat fixed it?
To hear him and his apparatchiks tell it, he was handed a DISASTROUS economy and we can all expect it to take a while for little d to fix it?
As if we cannot see with our own eyes that the economy he was handed was outstanding and his tariffs are the cause of these crashes?
This stuff reads like it was issued from the Ministry of Truth in 1984...
When everyone is fearful be greedy…
I just do automatic investments in a diversified portfolio every month and forget about it. I’m young and in it for the long haul. If shit really hits the fan, none of it will matter anyway.
Sorry to anyone having to retire right now
Well two thirds or more of their portfolio should be in bond markets if they are close to retirement.
Self-fulfilling prophecy, not that the shortsighted goons who run hedge funds give a flying fuck.
Everyone here mentioning billionaires and missing the point that the Russian agent in charge is just doing his best to deliver any and all assets to Russia. Sanctions getting lifted just as the fire sale on American assets begins right before the civil unrest. If you’re a Russian dictator you could not have planned it better. Republicans are seriously the dumbest mother/sister fuckers on the planet. I can’t even believe how fucking stupid you’d have to be to hold “conservative views”. Like it does not compute how you can be that dumb
Like it does not compute how you can be that dumb
Easy, lack of education (or even actively detrimental 'education'), courtesy of decades of Republican sabotage of the education system
But I thought Trump was going to make the economy great again /s 🤣
He'll issue an executive order establishing that the market can only go up
Change to down color to green.
That's how it works in China
He disbanded the US government agency that develops the annual GDP numbers. Guess how they'll figure those out next year?
If you guessed "we'll make some up that are higher than last year" then you're spot on.
Making up figures/numbers … smh. Nineteen eighty-four gets more relevant by the day.
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I think he's doing this deliberately. Encourage people to sell, so his buddies can scoop up stocks at low prices.
it's so much more than stocks. stocks are mostly vibes and short term get rich schemes for already wealthy people. they're Pokemon cards for the finance class, creating almost nothing tangibly beneficial to society. hype and FUD in an endless cycle.
you can't eat stocks. you can't warm your house with stocks. you can't manufacture solar panels with stocks.
real wealth, the serious fuck you Big Money, depends on the ownership and distribution of real resources: real estate, agricultural land, factories, pipelines, commerical buildings, capital infrastructure. these are what the ultra wealthy buy up during recessions and then charge rents and leases for everyone else to pay, forever. forget about owning land or a home, your kids can't compete with someone paying cash on a 600k house or snatching up entire portfolios of hundreds of rentals in a single purchase.
bailouts and blank checks given out as PPP loans to "business owners" during Covid redistributed wealth from the taxpayers (government) into the hands of the wealthiest people in the world. they can then convert their Pokemon collections into real wealth generating resources. government bailouts to corporations become an engine for not just making the rich richer but the types of assets they then acquire using that money cements them at the top of the wealth generation food chain forever.
Trump 2.0 is engineering another massive redistribution, even bigger and more focused on real estate than before. he made his fake reputation on real estate. loyalist oligarchs who bank rolled dark maga will be handsomely rewarded with the newly emptied government office buildings and public lands.
and your kids and grandkids will be homeless.
I used "stocks" as shorthand. I agree with what you wrote.
yup, I'd buy apple or microsoft or nvidia because they are going down now but will go up certainly in 1 or 2 days or even weeks/months. Except tesla, this one will go down and down and down for days/weeks/months, tesla stock is super toxic, dump all of it.
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Recession speed run.
Only if we're on the any%, this is looking like a 100% run so more like 'Depression'
This is going to be the second Great Depression.
It is going to impact the entire world.
Notable differences from the last Great Depression:
Many countries have many nuclear weapons.
Something like 6 billion more people exist.
Climate change is accelerating, and this will make food more expensive everywhere, as opposed to a regionalized Dust Bowl, as well as causing more frequent and more severe natural disasters basically everywhere.... and the more time passes, the more expensive it will be to mitigate this.
Perhaps also worth noting:
Japan argued the US's oil embargo on it as functionally a declaration of economic war.
History is replete with examples of embargoes and massive tariffs being considered a justification for escalating a trade war... to an actual war.
This is intentional. The billionaires are salivating waiting in the wings to buy up as much as possible when the prices are low.
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Economic downturns are WHAT REPUBLICANS DO 👏 crab cakes and football 👏
bUt doNaLd is a gREat bUSinESs mAN! /s
"Small price to pay to own the libs!" the faithful cry as they slowly eat their daily ration (one egg and a slice of wonder bread)
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