• Taokan@sh.itjust.works
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    17 hours ago

    To be fair, showing no historical correlation and just assuming the problem or separation started this year because it’s specifically indexed to the start of the year, is garbage math. Like, you got the correct answer, but you did the problem completely wrong.

  • MordercaSkurwysyn@lemm.ee
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    1 day ago

    Is there any chance for a future where the economy that matters, real people’s lives, production of useful goods and services, becomes decoupled from imaginary evaluations of billionaire’s gambling results? It really rustles my jimmies when I hear that a result of some banksters bet can get working families evicted and jobs dissapear.

  • Wilco@lemm.ee
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    1 day ago

    What ever could the problem be? Tariffs! No tariffs. Tariffs! No tariffs … well some, maybe. Tariffs! Delayed tariffs … delayed tariffs again.

  • Allonzee@lemmy.world
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    1 day ago

    However much pain we’re feeling and will be feeling, as a nation not individuals, we deserve oh so much more for our inhuman crimes in the name of capitalist private profit. We destabilized entire nations trying to become societies solely to maintain access to their resources for our capitalist’s exploitation.

    Every American better hope nation state karma doesn’t exist.

    • HappinessPill@lemmy.ml
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      14 hours ago

      I’m still waiting people understand that the way Trump treat Zelensky isn’t new in any way, most people are just aware of it now because it happened in Europe.

    • Lizardking13@lemmy.world
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      1 day ago

      Oh fuck off with this “deserves” bs. Everything listed on that infographic happened before I was 18. I don’t “deserve” any of this.

      • AreaSIX @lemm.ee
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        1 day ago

        You’re screaming “fuck off, I don’t deserve any of this because those thefts were carried out before I was 18”, but you’re screaming that sitting on the stolen furniture in a stolen house. The crimes mentioned predating your eighteenth birthday doesn’t mean shit when you’re still benefiting from the results of those crimes.

        • Lizardking13@lemmy.world
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          22 hours ago

          Everyone is benefiting and being hurt by decisions made in the past or decisions that they cannot control. These are meaningless statements. They don’t cause action, they don’t make people feel like they should do something. They just annoy people. The statements are ignorant. You have no idea who I am, what I do, how I live, etc.

          So you can also respectfully fuck off as well.

  • UnderpantsWeevil@lemmy.world
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    2 days ago

    You need to extend the graph beyond January. The US has been riding an enormous localized wave that crested shortly after Trump’s inauguration. American securities (particularly the MAG7) are enormously overvalued, with revenue that is dwarfed by their stock price.

    This is a much-needed market correction, not a regional stock performance split from within the US.

    Not even suggesting Trump isn’t shit. Its very obvious that he’s popped the irrational optimism bubble we’ve been gliding on since even before COVID hit. But we were in a bubble. DOW 43k, never even mind the absurd NASDAQ run up, is not representative of the functional economic capacity of the nation as a whole. Without unlimited free money from the Fed to keep inflating asset prices, we were going to enter a downturn sooner or later.

    The real question is whether the DOGE Team will kick the knees out from under our Treasury/Fed countercyclical spending system on the way back to earth and cause us to land harder than necessary.

    • SaffronDovovan@lemmy.ca
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      1 day ago

      I am pretty sure trump warns his friends when he is about to make another irrational stupid statement- they are investing accordingly- taking advantage of an upswing and a downturn

  • blady_blah@lemmy.world
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    2 days ago

    Okay, here’s my conspiracy theory…

    Now let’s say you’re Trump and the supreme Court has said it’s just about impossible to convict somebody of corruption in the US. You see that you’re going to be elected president and your goal is to figure out how to make a crap ton of money off being present. Now you can do the boring old s make dignitaries stay at your hotel thing or have foreign governments. Give Jared kushner a bunch of money… But that’s all pocket change. If you’re president, you can crash the economy. If you know a bunch of Rich Russian oligarchs who can short the market and you can tell them exactly when the market will crash then they can make billions… And you can get your cut too.

    This is why Trump doesn’t really give a shit why the tariffs are in place. That’s why he makes up bullshit answers when asked why the tariffs are implemented. He doesn’t care. … But he really really really wants to yank the market around. First he says tariffs happening, then he says they’re not, then they’re happening again. Every time the market goes up and down he can make a shit ton of money if he can accurately predict when it goes up or down.

    I can’t get this idea out of my head. It makes more sense than anything else I can come up with. There’s so much money to be made if you have the power to yank around the u.s. economy and enough narcissism to not give a shit about the people hurt in the process.

    • 10001110101@lemm.ee
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      1 day ago

      Yeah, I think it’s either this, or the tariffs are extortion (announce tariffs, then solicit bribes from businesses and politicians). Could be both as well.

    • isar@lemm.ee
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      2 days ago

      What I’m wondering when reading such theories is: does money matter all that much to these people? Like when you’re 80+ years old and a billionaire I don’t see what the end game there is, unless it’s just an uncle Scrooge attitude but I still find it a bit hard to believe. I think that in order to become a billionaire you need to be seriously driven by something more than 0s - maybe power, influence or attention.

      • blady_blah@lemmy.world
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        2 days ago

        Logically you would think the answer should be that money shouldn’t matter much, but it always seems to. It’s still a way of keeping score and a proxy for power. They’ve always longed for more money/power and as they get older and their brain slows down, they don’t suddenly change. What old billionaire have you seen says “you know what? I’m going to give everyone raises! I don’t need more money! We should all be happy together!” (Almost) never happens. They want more and more and more… and then they die.

  • Asafum@feddit.nl
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    2 days ago

    What’s interesting to me is that the “shape” of the line still matches the global line pretty well so there are some “fundamental” aspects that still affect markets, but overall we’re in a nosedive for “some reason.”

  • JiveTurkey@lemmy.world
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    2 days ago

    Tbh Wall Street can fuckin off. They helped create this mess. If this ship is going down, let’s make sure none of the assholes find a seat on a life boat.

      • Slartibartfast@lemmy.dbzer0.com
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        2 days ago

        Nonsense. Disappointed this gets upvotes.

        How the hell are the democrats the party of enriching the wealthy when compared to the fucking R’s?? I mean fucking hell have any of you ever read a book or even glanced at historic and current R policy?

        • M0oP0o@mander.xyz
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          2 days ago

          I don’t think its “compared” to the Rs but just in general they are good for “rich ppl yacht” money. Your instant move to compare the two parties (making bad policy OK by comparing it to “OH FUCK” policy) is why the usa is in the state it is now.

          • Slartibartfast@lemmy.dbzer0.com
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            2 days ago

            Interesting. I didn’t know I had a say in US politics being 5000 miles away and not a citizen. I’ll be sure to smarten my ideas up. Send marine force 2 or whatever to pick me up and I’ll sort that shit show out for you once I kick trump in the balls/face.

            Also there’s literally only one other option so yea of course it’s compared to the opposition. That’s how the system is setup.

              • Slartibartfast@lemmy.dbzer0.com
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                2 days ago

                Bitch please. Who’d want to be a US citizen. The others are locked in there with tools like you.

                Meanwhile in free roaming European: were laughing at you morons for electing a king.

                And what makes you think you need to be an inmate to talk about the joint?

                • ace_of_based@sh.itjust.works
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                  2 days ago

                  English is your second language so maybe you missed how whether you wish to be a citizen or not was not my point, your definite ignorance was.

                  Stop trying to save face, you have nothing to say to me and the fact you’re still yappin is pathetic