NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.
1 - Gloating
2 - Hubris
3 - Denial <-------We’re somewhere about here, depending on the individual’s MAGA level
4 - Doubt
5 - Leopards ate my face
🤗
Tarif go in to effect then he pulls out. Then back in. Dammed. I fell lile this a bad sex joke.
America! Fuck yeah!
The guy who bankrupted a casino is tanking the biggest economy in the world. Who knew!
bankrupted a casino
That’s false. He bankrupted multiple casinos.
Thats false. He’s bankrupted multiple casinos and hotels.
That’s true.
Not quite, he is also morally bankrupt
The american stock market is the ultimate casino boss fight for him.
The guy who bankrupted a casino is tanking the biggest casino in the world. Who knew!
Billionaires call this a fire sale. They get richer.
Rothschilds and Waterloo, mortgage crises…
Sure bro, that’s who’s behind it.
The Rothschilds.
Sorry if that was implied, not what I meant. https://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild
Tldr they sent their own (super duper fast top horses and riders) scouts ahead to London that Napoleon was defeated at Waterloo, spread word he was successful and marching on London triggering a market sell off, bought low and achieved the greatest transfer of wealth per capita of all time.
(If there are antisemitic connotations, worth mentioning I’ve got my j-pass. Also I’m not a conspiracy theorist.)
Not yet. Still a ways to go before proverbial (and maybe literal) blood in the streets.
We can only hope that they’re currently heavily leveraged with loans on equity holdings, such that they have to liquidate assets.
Nothing will stop them from gathering up all the low price shares.
How close are we to global market crashes and bank runs?
once the FDIC is gutted, we’re on our own with the banks.
Hmm. I need a plan for after they kill FDIC.
Lemme know if you think of one. Cash? Gold? Land?
I’m about ready to bury some gold. I was laughing at the gold buying people a year ago, then I read that JP Morgan Chase was taking their FIRST planeload of gold ($4 billion) to put in the vault in NYC. Last month this happened. Other banks are doing the same.
Probably land.
It’s important to remember that the rich in the US will profit off this as the working class gets fucked, it’s not “haha trump dumb,” it’s a planned thing to increase the wealth of the super rich
it’s a planned thing to increase the wealth of the super rich
The prior generation of neoliberal economics was doing this just fine. Trump is being buoyed, in large part, by a generation of middle managers, professionals, and small business owners who have eaten shit through a generation of consolidation and de-skilling of advanced labor.
But his policies still suck. His neglect of critical infrastructure and his race to defund public goods and services and his clumsy implementation of pseudo-scientific economic policies won’t benefit anyone in the US, rich or poor. The rich will endure the catastrophes better (probably). And they’ll have the resources to flee when shit really starts to hit the fan (for the most part). But the idea that the biggest shareholders of Boeing, Microsoft, Exxon, and JP Morgan Chase are somehow positioned to come out ahead on a massive contraction in real economic production is delusional.
American kleptocrats have made the choice to rule in hell, rather than to pay a 36% marginal tax rate in heaven. And you only have to look as far as Russia, Saudi Arabia, South Korea, and Israel to see where this miserable policy ultimately leads. Sergey Brin and Eric Prince are going to trade places with Ahmed bin Abdulaziz and Yevgeny Prigozhin, entirely for the opportunity to avoid dealing with the IRS.
Buy puts on the way down use the profits to buy the underlying asset at the new low price
So far the most ultra rich have been seeing their wealth evaporatie as most of their wealth is ties to their ranking companies, so for the moment I’m applauding it
Trump has gone even more bonkers today. More tariffs on Canada and threatening our country.
Yeah my SPY is down as well. Buuut idc. As long as its still a thing in 30 years uwu
That’s a load bearing uwu
Oh im bearing loads owo
UwO
They say there is no crystal ball in investment, but it’s hard to not have predicted this outcome.
Good thing I sold off my entire 401k last month 30 years early in anticipation of the market taking a massive dump
Good job. For what it’s worth you should still take your employer match and invest it all outside North America. Don’t leave that free money on the table because the US is headed for a depression.
I sold the stocks we had for a down payment on a house late last month too. I have avoided $9000 in losses SO FAR. I was talking about this a couple days ago and was essentially told I’m an idiot for trying to time the market instead of riding the dip. Then yesterday early morning before open I was told I got lucky and better buy back in to lock in my winnings. $5000 of those losses would have occurred yesterday if I’d bought back in. I’m not putting money back in the casino until it’s under new management.
I feel like it’s about time to shift money into gold securities or something tangible as our reputation based currency systems take a beating.
I thought about precious metal securities. I wonder if you can buy rare earth securities yet? I’m honestly thinking about getting the physical stuff and hiding it. Insane. I wouldn’t have believed I’d be thinking like this half a year ago.
It’s all about what level of collapse are you trying to shield yourself from. Like if you’re talking worldwide mad max, no electronic claims to wealth will be honored, only physical substances, like actual gold, water, guns.
But if it’s just a economic recession or depression and we aren’t seriously talking about countries going away… Yeah I’m thinking gold securities, lithium probably. The guy in The Big Short started started buying up water next, for what that’s worth.
In a Mad Max scenario gold will be worthless compared to fuel, water, food, medical supplies, weapons, and drugs.
Hey, even in medieval times gold was currency! I don’t know why, except for is shiny.
It was rare. That’s it. Also easily made into coins.
Things like that would be useless in full collapse.
Trump is bankrupting ANOTHER CASINO?!?
Art of the Deal, go!
Somebody else called it his casino boss battle. I like that. Can the heroic Cunt d’Orange bankrupt the biggest casino in all the lands? Find out this week on Great Again!
Lol, this motherfucker’s on a casino bankruptcy boss rush! Love it!
Glad you got it out! And glad you didn’t buy the dip before it dipped even harder. Definitely don’t think now is the time to be playing the stock market game unless you have extra money laying around to gamble with.
This means that you have cash now? If so, isn’t it dangerous if hyperinflation comes into play? I am just curious, not trying to blame you for anything
Whether it’s a crashing stock market or inflation both are going to cause your money to become worthless and both can be fixed with time but with crashing stock market if companies don’t rebound in the end and go out of business during the depression then your money is lost forever. At least with inflation there’s a chance it’ll resolve and you’ll have money again in the end.
Thank you for the explanation
I certainly do not. I’ve been unemployed for a month, living on the house money and by wife’s income. I tried to tell her yesterday that I’d saved us more money than I would have made working!
There go my investments….
Buy the dip 😊
This isn’t the dip you want. There’s several more coming.
Buy them too
No, buying now means you wind up with less. You need to buy at the bottom to come out on top. But since you and I don’t have hands on levers, we can’t really influence the peaks and troughs. But it’s easy to predict that things get worse before they get better. Now is not the time to invest in the stock market. Honestly, a bank account is more stable at this point.
“Hold my Diet Coke!” - Donvict
donvict is a new one. I like it
“Everybody’s saying it!”
Trump: This is all Biden’s fault, and the Democrats.
MAGA: clapping and cheering
Me, a liberal in 2025: “Those stupid conservatives will never learn. They keep supporting the same tired crop of losers and idiots, while the situation in this country just gets worse by the day.”
Also me, a liberal in 2028: “I’m extremely excited to vote for Hillary Clinton because she’s the most qualified person for the job and she will definitely fix everything.”
I feel like someone will be screaming at me in three years because I’ll be unhappy that Liz Cheney is the Democratic nominee. It’ll be the lesser of two evils, maybe.
I wish I shared your optimism that there will be an election…
Hello easyspeezy here, today we got quite a special order, we are doing a bankruptcy speedrun!
In the words of the great man himself, “have fun!”
