I wonder if Pam wants to discuss Trump’s stock market.

  • CharlesDarwin@lemmy.world
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    5 hours ago

    I wonder if Pam wants to discuss Trump’s stock market.

    I think they’ll be just as selective about this (and the huge dips right after his stupid and illegal tariffs were announced) just like they are about Donvict’s economy in 2020.

    They act like it’s no fair to talk about the economy then because of Covid. Sorry, that kind of thing comes with the job, too. And honestly, I don’t know what he really did in his first term that would have boosted the economy anyway since Obama already had it on a great path.

  • Gerowen@lemmy.world
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    7 hours ago

    It’ll bounce back once they see all the money those government contracts generate. We had KBR driving shuttle buses and Taco Bell being ran out of trailers on the FOBs in 2008 Iraq.

      • CharlesDarwin@lemmy.world
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        5 hours ago

        Maybe. It’s still near ATH, but they could sell off now, wait for things to go to something in the range of late 2008/early 2009 and start pushing all that money in then.

  • mrmaplebar@fedia.io
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    16 hours ago

    I think the double whammy of RAM and oil shortages are almost certain to exacerbate inflation. Digital goods are going to get more expensive because of RAM, and physical goods that need to be shipped from place to place are going to get more expensive due to oil.

    Another pointless and endless war costing the world untold amounts of blood and money, all for nothing.

    • Mycatiskai@lemmy.ca
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      11 hours ago

      all for the shareholder value.

      Those shareholders are going to buy the dip and increase their percentage of share ownership.

    • Catma@lemmy.world
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      14 hours ago

      I camnot believe Biden left such a mess for Trump to have to clean up. Man its gonna take at least 2 more terms for things to turn around.

      • CharlesDarwin@lemmy.world
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        5 hours ago

        It’s one thing to see the grinning sycophants in the admin saying it, it’s really wild when you see someone parroting this in person at the ground level.

        You expect that stupid shit-eating grin on the likes of Kevin Hasset the smirking chipmunk or when Mikey Johnson is gaslighting all of America, but when you see someone repeat this IRL it really is something: “But Turnip has to dig out from under Biden’s terrible economy…”

        I’ve asked a few of these people IRL exactly what was so bad about Biden’s economy toward the end of 2024? I still haven’t gotten an answer that was anywhere near to cogent…

      • myrmidex@belgae.social
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        12 hours ago

        The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls “disaster capitalism”. In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization. This economic " shock therapy" favors corporate interests while disadvantaging and disenfranchising citizens when they are too distracted and overwhelmed to respond or resist effectively.

    • kyonshi@piefed.social
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      16 hours ago

      It’s not for nothing. We get distracted from the Epstein-Trump files and whatever unnamed demon is pulling the strings gets a blood sacrifice of a few hundred school children.

      • kautau@lemmy.world
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        12 hours ago

        Plus, it’s almost certain that this was Mossad cashing in their Epstein chips at the right moment so they could fire their huge strike but also pull the us alongside like “they did it too”

  • BarneyPiccolo@lemmy.today
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    14 hours ago

    The stock market is crashing, and gas is spiking.

    Does that mean we can go back to caring about raping children again?

  • IronBird@lemmy.world
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    15 hours ago

    just an fyi to anyone without knowledge of the finance industry, all the big indexes and shit are dominated by algos unless there’s a 10% move down.

    overwhelming majority of “X does Y because Z” articles you see out there are just building a narrative after something has moved because it’s one giant casino but the powers that be need people to trade otherwise there’s no liquidity to extract.

    so, X drops a bunch for whothefuckknows…push out fearmongering stories it’s because of (insert disaster) to get people who don’t know any better to sell when they see their retirement accounts down some big figure.

    • jj4211@lemmy.world
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      7 hours ago

      Pretty much absolutely this. Seeing the rationalizations day to day that just dont make sense should undermine the explanations, but instead people just latch on the the ones that agree with them…

      • IronBird@lemmy.world
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        15 hours ago

        eh, the fed’s liquidity injections only go so far. ultimately there are no friends on wallstreet, it’s a zero sum game and nobody leaves any $ on the table for anyone else if they can help it.

        i will admit to not knowing the full scope of how that fed monopoly $ is moved around (that’s mostly through the banks iirc), but i do someone/s out there is 100% trying to hunt that liquidity down for themselves somehow.

        • UnspecificGravity@piefed.social
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          15 hours ago

          The market doesn’t need money from the fed to create money from nothing. When Tesla trades at 1000x its revenue that money just magically appears out of nothing.

          • IronBird@lemmy.world
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            15 hours ago

            coordinated trades to manipulate price action is one very big aspect to the casino, yes. but ultimately that number means nothing unless there’s actually the liquidity at that level for you to exit, or you have a position in that stock to trade on margin elsewhere.

            this is why the powers that be are trying in vain to prop up the wider market, US is most over-leveraged market in the world…when the music stops (liquidity tap closed)…anyone without a chair (not utilizing proper risk management) gets forced to sell as their margin evaporates

            • UnspecificGravity@piefed.social
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              15 hours ago

              Except that rich people never sell. They get loans against their assets (i.e. imaginary inflated stock) that they use to buy real assets.

              • IronBird@lemmy.world
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                15 hours ago

                anything tied to the PA, loans included, are at risk when PA collapses. now, this is why tesla is propped up.

                ultimately, PA is determined by whoever has the most $ to move around (and lowest entry/cost) between themselves

                with forced buying/selling via options, and some sort of regular liquidity injection to maneuver around, it is very easy to control something that noone else is actually buying. index funds are required to allot some money to every ticker in X index, ans the overwhelming majority of $ being movdd around is via index funds.

                there’s a whole wing of fintech designed around artificially inflating the price of companies right before inclusion in a big index, so they can “dump” on index funds that have to buy

  • takeda@lemmy.dbzer0.com
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    15 hours ago

    So this means it’s time to start prosecutions of pedophiles in trump files, according to the criteria given by Pamela Bondi.

    • CharlesDarwin@lemmy.world
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      5 hours ago

      Yep. The Dow was not only under 50 thousand, it was under 48K. I guess she’s ready to talk about pedophiles in the administration she works for now?

    • frongt@lemmy.zip
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      15 hours ago

      Depends on what news you’re watching. CNBC is covering it, plus a bunch of finance news outfits.