171
Bro, we're heading into depression territory if Trump stays this course.
Some of us are already in depression territory.
Just like he plans.
I slightly disagree. I think Trump thinks his strongboi bullshit is legitimately a good idea economically... I think everyone around him from Project2025 & Musk nazi land is banking on an economic collapse to transform society into the handmaids tale... but I have always taken issue with suggestions that Trump is playing 5D chess - he's a fucking idiot that needed to win reelection for his pride and to avoid legal penalties - it's like Ceaser chaining Consul and Proconsul appointments to maintain the immunity of imperium.
Second? Is that all? Feels like the fourth or fifth.
600 is chicken feed, I don't see how it doesn't lose 10k, I mean Trump just shot the bottom of the boat out of the US economy, for no good reason. The United State's has gotten weaker in the 2 weeks Trump has been President by it's own undoing than at any time I can remember.
They probably half expect him to reverse them in a week or two. If that doesn't happen, when they accept they will be around for a while, then is when the panic will start.
Assuming things work the way we expect...
the only reason I can come up with why Trump did this is to weaken the united states, and it's allies, to somehow bolster russia's position. that's it. that's all i can come up with. you don't make people like pete hegseth the head of the dod, and tulsi gabbard the dni if you want a secure funtioning christofascist state. hegseth managed to oversee the pentagon for less than one week, and in that week a us army helicopter, for the first time in history, flew directly into the descending flight path of a commercial passenger jet airplane killing everyone. this is bigger than just destroying the economy, which is going to throw us all into financial hardship, after years of insane inflation post pandemic, this is to litteraly weaken the united states readiness in every way. i don't see him reversing this.
It'll be a Hunt for Red October situation.
Wait until next week, and then the week after, and then...
It could not be any more obvious that his entire goal is to fuck the country in service to Putin. Idiots actually voted for this. Astonishing.
Are your eggs cheaper yet?
If it just drops around that much, that's business as usual. But I'm sure there will be drama that fuels more things to come.
That's really it, it rose 300 pts this week, and 2100 over the last month. 600 pts is just a blip, merely wiping out a week or two, that's all.
I suppose the question is, how big is the bubble and how much loss of confidence does it take to puncture it?
The stock market has been going up rapidly even during Biden, but the prospect of outright oligarchy seems like it's been welcomed so far by shareholders and a lot of future value is built into the current price - less regulation means more profit, presumably (sorry, democracy).
But if that core assumption is wrong, and actually this may be less profitable, presumably there will be a long and deep correction.
Crash it, crash it all!!!
600? Wow, is that a lot? I don't know because I'm not a dumdums capitalist who cant tell the difference between a roulette wheel and the Oracle at Delphi.
Well, the oracle just got like 500B and might buy tik tok. So they're OK.
Everyone else got a rigged game of Russian roulette - every chamber has a bullet.
I love Oracle buying tik tok because they always seem to destroy everything they buy
And, somehow, like the rest of the tech Titans that produce shit, they become ever wealthier and powerful.
how many in his circus of an administration sold high or short last month?
All of them. And they are buying now so they can fix it and make a killing.
I’m 100% against Trump but why are people pointing at this and sayin “SEE TRUMP BAD” this is not a bad thing for billionaires. The only people this hurts is middle class Americans who have much of their savings tied to investments.
This is exactly what they want. All the billionaires are buying right now and in a few months Trump will kick the FED in gear and start printing trillions of dollars just like last time. The billionaires will become richer while the poors get poorer.
If you have any available cash put it all in S&P 500. You will make some money when everything levels off or trump rescinds the tariffs because “they learned their lesson”
The only people this hurts is middle class Americans who have much of their savings tied to investments.
Also everyone who is somehow affected by pension funds, if I'm not mistaken.
It might not be so simple. Once you've imposed these tariffs to your allies, you can't go back to the world where they didn't exist. Everyone sees this and will remember, it will take a long time to build trust again, including among investors.
The billionaires will possibly benefit from this, but it's very risky. If he just wanted to please the wealthy, he could have just gone with some tax cuts and removing regulations as is traditional for the Republicans.
🎶Down🎶
🎶Down🎶
🎶Down🎶
🎶To Goblin-Town🎶
this post was submitted on 02 Feb 2025
171 points (98.9% liked)
politics
20345 readers
1848 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! 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.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS