This is good. Let it hit wall street too. They thought he would be amazing for them while he said exactly what he’d do. While we’re eating instant noodles let their funds lose a few billion. Maybe they’ll see it then.
Exactly. I want all the boomer fucks who voted for this dude and all the young people who thought this is a good idea who cosplay wolf of wall street to feel it in their wallets as much as possible. The only thing they see is the stock market
Ironically for young people the pain may be short, but it’ll make stocks cheap for us, it’s great to be paying into a 401k now during a downturn!
For all the boomers that voted for this who are pulling money out of the stock market when it’s down… Womp womp
That assumes the dollar doesn’t take a permanent tumble. If the world decides the US is too volatile and starts using the Euro as their reserve currency, we may find the US market never actually recovers, since so much of the value of our companies are tied in with their leadership abroad
Remember, past performance is not an indicator of future results. Just because every past downturn ended and pushed US stocks higher at some point, doesn’t mean it will always happen, particularly as we piss off our closest allies.
We have/had a magical economy that never went down even when others stagnated. Turns out the secret ingredient was democracy. Oops
But if we could find a way to crush the euro, maybe by making them pay for their own war in Ukraine and by making them buy weapons packages from us using only dollars, we can keep the dollar propped up long enough to redraw borders and strip enough copper and regulation out of the walls that foreign investment in the form of building new factories in the usa begins to look like an attractive investment, especially when paired with a populace primed by de-funded schools to be well suited for such jobs…
spoiler
sadfasdfasdfsadfsadfsafsd
I’ve already seen other threads around lemmy with people saying that their 401k has dropped 17% since start of the year, that their retirement date is now pushed out 8 years.
How much longer will they have to work when they lose 40%-60%?
I mean… not doing the actual complex math…
but uh, ballpark, if your 401k value halved, and you are say between 40 and 50 years old… you’d now have to work for somewhere around 10 to 20 more years than you planned.
So basically, you’d may never be able to fully retire, work till you die.
It would be different for different exact situations, how long it takes for the market to recover…
But yeah… its pretty fucking bad.
work ['til] you die.
That’s already the case for many people. Especially in America, where healthcare is largely impacted by employment status, it’s definitely a thing.
And that’s why 401ks are typically worse than pensions…
You realize that many boomers did not vote vor him. And his actions will reverberate throughout the world.
Your gleeful wishing of death and despair to people who have worked their entire life is somewhat gross.
Look in the mirror and realize it was youth who gave the man a pass. Especially young males.
You’re right. It’s actually more correct to blame white men and their trad wives
If we’re pucky, most of those Wall Street rats will try flying out of the building
The economy hasn’t worked for the working class since the Great Recession. I’m sure the billionaire class will get what is left in communist handouts while we are all put in cutthroat facist homeless work camps because being homeless is illegal. Unless we finally fight back but I’m not going to hold my breath
He’s just do an executive order to have them upgrade it up to the best economy in the world. Simple.
Or he can just repeat the USA is best country in the United States with the greatest economy in the known universe and stuff. Fixed.
The economy now operates on golf rules, we’re finally winning
Likely, disinformation. The elites want us to think the world burns while they buy our stocks and commodities. Wonder: who profits when the world markets go down? From the richies: be bold when others are meek, be afraid when others are bold.
Fucking lol
It is burning, and they are going to take advantage of it. That’s not disinformation, that’s the “why” for what trump and elon are doing.
Wasn’t it reported that Warren buffet had like 60% of his wealth in cash? If that’s true, Warren Buffet will profit once he buys cheap assets and then the economy recovers.
Goldman Sachs’ chief economist just earned himself a tropical vacation, funded by the US government, to its Guantanamo Bay resort…
waterboarding sounds pretty rad
Water boarding at Guantanamo Bay sounds pretty rad if you don’t know what both of those terms mean.
It’s better if you call it “Guantanamo Bay”, it makes it sound like those private islands the cruise ships have
You’re right, edited
