r/wallstreetbets • u/abishop717 • 23h ago

Discussion 5 rate cuts 😮

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u/Bcider 21h ago

Yes, let it crash. Hard reboot the economy. Kicking the can since 2008 has screwed everyone.

50

u/-gawdawful- 21h ago

That was nearly 20 years ago. There is no hard rebooting the economy. The entire economy is based around the federal government propping up loser businesses and insanely useless tech enterprises. There is no rebuilding this house of cards.

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u/Oberschicht 20h ago

2008

That was nearly 20 years ago.

This is truly the worst news of the day

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u/Krisevol 19h ago

For the generation that will never be able to buy a house it is.

If we keep kicking the can, the next generation won't even be able to afford rent.

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u/Pleasant_Race2717 20h ago

Wouldn’t be so pessimistic. Dot com bubble was a similar shitfest and it eventually corrected.

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u/IHateLayovers 13h ago

The government isn't propping up tech. Big Tech prints money to send to DC for DC to buy flyover state votes.

Everybody was all doom and gloom about tech when interest rates rose. No, Mag 7 became a thing and while non-tech companies stagnated you saw Apple bust past $3 trillion. Even in our "high" interest rate environment you see OpenAI reach $300 billion valuation without government nonsense like Farm Welfare.

The past 5 years has proven it. Interest rates up? Big Tech. Interest rates down? Big Tech.

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u/Jangandong 8h ago

Agree. Just let it all crash for a couple of years and destroy inflation.

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u/matthewkulp 8h ago

It's not a computer you just restart and it works different. You have to actually have a coherent theory of macroeconomics that is supported by evidence in order to make good policy.