This is the most understood line in American literature, they were referring to "fucking magnets" a distinct branch of physics which is largely unknown.
Enjoy the recession. Trump has fucked it up so bad it will probably be a 1930s Great Depression that lasted for 10 years until WW2. It's easy to trash the economy but it's very hard to fix it especially a country with as much debt as the USA.
The plan is things will be bad for 2 years then in 10-15 it will be better? Not sure S&P is going up anytime soon with this fast and furious administration with little success outside of reality TV
I know a tremendous finance guy — very smart, the best — and even he said, "Nobody knows. Nobody could possibly know!" That’s how complicated it is. Even the top people, the real experts — not the phonies on TV — even they are saying it. Total uncertainty. Never seen anything like it. Unbelievable!
Is this "finance guy" Jim Cramer? Yeah, he would say "nobody knows" as opposed to "FOX gives me shitloads of money to be retarded and not know a fucking thing about the stock market".
Seriously? Anyone who listend saw it coming. He had a whole book saying what he would do. Those who voted for the Orange Magat bare direct responsibility. The ones that didn't vote at all bare moral responsibility. He put a gun to our collective heads, cocked the trigger, promised not shoot, and denied there was a gun.
I'm convinced it's intentional. Cause foreign investors to pull out, shut down medium and smaller businesses and allow the largest cooperations, who will survive the storm, to swallow up what's left and expand into the void, paying whatever they feel is best because the Executive branch is cutting the legs out from under Unions and working class. They're unfettered robber barons without even the constraints of society who dictated that the super wealthy give back to the lower classes. Think Carnegie Libraries of Rockefellers many donations. But I'm just a historian. What do I know?
I didn't know! Nobody knew! Nobody knew it could have that effect. I talked to many people, great people, the greatest, some would say, and none of them ever thought trade wars would be bad for the economy. But look, our economy is thriving! People are doing better than ever!
Wrong, most people saw this last year. I know I did and booked an immediate appointment with my Investment Advisor. After the Election the markets would be in constant turmoil and I needed advice. I still in a holding pattern, but, ready to jump just in case.
We will have huge trade wars. Some would say the biggest, and I think you're going to like it very much. The Democrats don't like trade wars, they want to take your trade wars away. It's all computer.
Biden has plenty of experience, wisdom and was VP during 2008 crash. He was strategic in his plans. Unfortunately , he didn't speak a lot about himself.
You must be kidding me !! Lehman declared bankruptcy just before the election in 2008. I still remember the month of Obama's inauguration , the endless congress emergency meetings, and Obama after a month looked like Zombie.. It was the time I entered into investing.
The S&P 500 called its bottom february of 2009 (after 16 months of losses)... less than 30 days into the new term. Yeah he was in panic mode the whole time but the other 99% of his term was all recovery
Sure but he's also forgotten more than the current guy knows and even with all he's forgotten(significant cognitive decline no doubt) he still knows waaaaay more.
And crazy to think that businesses care about a fair and impartial judiciary instead of a corrupt government that hands out punishments and pardons arbitrarily based on what kind of mood the president is in
Capitalism is a prerequisite of democracy...not possible to have democracy under serfdom.
Capitalism requires a stable government.
The reason capitalism started in the UK is because it quite suddenly became extremely stable under the Tudors, the most stable nation up to that point in history, everything was chaos beforehand.
It's funny how only this putting sleepy grandpa in the bedroom and kicking out mango action would make markets recover and climb for new ath. Just do nothing to win.
They like it for a minute when they can solve a problem with cash, but then they will find out it just leads to a chaos environment when money is pushing everything all around Willy nilly.
Of course they did, like any dictatorship they want to buy favor with the king and in exchange they will get a monopoly on the market. This will make them rich and powerful in the short term but cause more and more businesses and competitors to shut down or leave the country, slowing down and shrinking the economy as a whole. Nobody wants to move their business to an economy that’s rigged.
Greenland is going to be bad economically, but that would be another war with a nation on the other side of the puddle.
Mexico on the other hand is not, and ICE is gonna start catching more IEDs than they do Brown people if Mango Mussolini tries to rename the Nation of Mexico, to match what he did with the Gulf of Mexico.
Technically NATO should declare war on the USA if it Annexes Greenland, its not just for defence against external enemies. Reality is that NATO will implode and the EU will impose sanctions on the USA.
It will. And technically the USA will need to attack itself.
Which it's doing already by punching itself in the face.
So strategically dumb. If Russia invaded Greenland now, you'd get the US and NATO.
If the US takes over greenland, they are on their own, and who knows, Europe might not stand in the way of Russia doing it.
The Heritage Foundation are some of the most "think they are great but are actually shit" people on the planet. Deluded old boomers.
I honestly don’t know what will happen if Trump bombs the cartels on Mexican soil. Sociopaths with almost unlimited small arms arsenals and endless appetites for revenge facing off, civilians stuck in between.
Will take a while, most likely til september. A lot of companies stock piled materials and tools because of the tariffs and the majority of people that lost their job get payed til september.
It's crazy that people believe trumpers when they say they could never vote for Biden or Harris because they ruined the economy. Any moron could see they took the disaster that was trumps spending and see how Biden rebounded our economy better than other countries, but even with those gains on the market and inflation going down, every day people didn't see those effects too much so they assumed the economy must be really bad. It was definitely not the billionaire corporations price gouging people because they realized that they could raise prices and people would still need to buy them to live.
Whenever someone says they voted because of the economy then I just assume they are hiding the real reason, racism and misogyny.
Kamala the puppet whose job was to follow the order of Biden, Obama lost the election. She should have spoken out against US involvement in Russia Ukraine war. But we all know she would have lost her Presidential ticket.
No no no, you have got it all wrong. The downslope is just a necessary sacrifice in the beginning. And after some time the US economy and stock markets will be greater than ever. Incredibly great. They say nobody can imagine how incredibly great it will be. /s
He didn't last term, either, when he did all the farming related tariffs. As the farmers said themselves (before voting Trump again because it's a cult more concerned with 10 trans athletes in college sports than their own fucking bank accounts), when you force other countries to change their for example wheat trading partners because you imposed tariffs, those countries aren't gonna just come back when the tariff is gone. They will just keep buying from their new trade partners.
Crazy is, he could have been intelligent about it and put tariffs on say China first and then did trade negotiation’s in backrooms with other nations first to announce further tariffs as trade deals and S&P probably wouldn’t have taken a major hit.
But considering his first term, all his donors got tariff exemptions, I’m willing to bet this is more about extortion and damages his domestic enemies than anything else. It’s a power trip.
These clowns are more concerned with banning like a dozen trans kids from sports, than they are about their retirement accounts and incurred cost of goods and services.
It's a cult. They'd rather follow Dear Leader off a cliff than do a single thing they don't like.
And if you're debating whether or not to take military action against people and say something like "only 3% of our trade flows through there, but 40% of Europe's does so we should extort them for it" then maybe you'd check to see how much of your trade is with Europe.
After the signal leak, I find myself believing less of the rumor that JD Vance fucks couches because fucking a couch seems to be something he might not be qualified for.
But MAGA is telling us this is a good thing! The economy is healing after years of just growing under Biden. Evil crooked Biden! Now the economy is good again.
Joe Biden let us down by letting Trump and the rich skip out on being prosecuted in a timely manner for their crimes. I'm done and over these conservative Democrats who drag their feet and appoint Republicans to positions of power in their administrations.
We get another conservative Democrat in the coming presidential race, I'm straight not voting for them. We need a candidate who will fight against the election interference that is coming. Not some Al Gore who will step aside. Not some Kamala Harris who won't even look into the vote anomalies around voters only in the 7 swing states who only voted for Trump and nothing down ballot.
Not Walz, who's face got tapped danced on during a debate by a liar who copulates with couches.
Let’s fire a shit ton of people from the public sector we want the private sector to rehire at the same time. Oh and commit geopolitical suicide to top it off, just so we can never go back.
Yeah, today I reached the point where I would have been better off selling when Trump was inaugurated and paying 25% tax on my gains instead of holding. I guess now I may as well hold to the end. Thanks for nothing „businessman“ Trump.
Definitely don't sell now, you're right. If anything, try to scrounge cash and look to buy. The rich are going to get richer by buying this dip, for sure.
No, Trump printed money (2 trillion dollar tax cut primarily to corps and the 5%), then came back and pardoned all those "friends" who beat up the Capitol police and shit in the Capitol.
Last I heard from Rubio was that all the prices are soaring because of Biden and him not attacking Yemen. Even egg prices, it's all from the Suez canal. Just everything. Everything that is going wrong right now is because of Biden. Your dad left? Biden. Your car broke down? Biden. Hillarys emails? Funny enough also Biden.
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u/PM_ME_WITH_A_SMILE 8d ago
Crazy how trade wars affect trade