U.S. companies were getting hammered again in the stock market Friday after China matched President Donald Trump’s tariffs in what is a rapidly escalating trade war.
Yeah, it’s absolutely fucked. My laughter comes from a place of being glad that some faces got ripped to shreds by leopards and then also because it’s the only thing to keep my mind from totally fizzing out from this mountainous heap of daily shit we’re subjected to. And then the rest of the world is getting dragged into it so fuck. Just fuck.
Heya you are correct that the rest of the world is being dragged into it. The tarrifs for us (Australia) have a little sver lining though, our meat will be cheaper if what we exported to the US stays here and no alternative market is found so I am happy about that. The farmers will feel it but us Aussies are always happy to help bail the farmers out tbh, could be a good opportunity for us to create something similar to USAID and send some food where its needed. Who knows really, but its an opportunity for everyone except the US. So thanks for making every other nation (that was trading with the US) great again.
Well we did have AusAid, just got renamed to DFAT (Department Foreign Affairs and Trade), which do provide assistance to foreign nations but our scope is limited and as far as I could see we were not really buying any excess agricultural production to send off. I have to look into it because maybe we don’t or all of ours is absorbed into the Asian markets. But was thinking due to the US BS could be a good opportunity to still help our farmers while doing some good at the same time. Bang for our buck, when I saw the USAID doing it for their farmers before it was cut I thought its a great program that provides benefits across the board.
Hell yeah, I think the power the US has had over the world has been abhorrent and just straight up imperialism in the modern world. This shit storm has been very fucked up to witness and attempt to fight but I’m really happy to see how several countries have responded to counter it and even empower themselves more and do a lot of good from it. So many fucking Americans have no remote clue how easy we have had it and I fucking hate them for bringing this shit to the world but at least they’ll be getting a reality check that they probably won’t process anyway but fuck it. And the US needs to stop having such a disgusting amount of power. I’m glad there’s some positives out of it, most of this shit hasn’t surprised me but the tariffs against Australia really took me by surprise honestly. Hope things work out for you all for the best
I’d argue that’s reversing cause and effect. A cratering economy on Main Street often gets reflected as a crash on Wall Street.
Sometimes the outcomes diverge. One common analogy in finance circles is that the stock market is like a hyperactive puppy on a long leash being walked by a slow owner whose gradual movements trend in a particular direction while the puppy erratically moves back and forth near that owner. Maybe it’s some kind of hype or panic moving markets in a way that’s uncorrelated with the underlying economic activity. Or it’s a specific play on a specific type of financial instrument that has become untethered from a thing it used to be tightly wound up with. Many financial panics happen when correlations between things break down, and all the financial engineering in a particular type of product relied on a bad assumption so that it spreads to other financial products.
But in many cases, they move together because the people buying and selling stocks feel sentiment driven by actual economic fundamentals.
This is bad for us too. A cratering stock market slows down hiring which depresses wages and makes it harder to find work.
Yeah, it’s absolutely fucked. My laughter comes from a place of being glad that some faces got ripped to shreds by leopards and then also because it’s the only thing to keep my mind from totally fizzing out from this mountainous heap of daily shit we’re subjected to. And then the rest of the world is getting dragged into it so fuck. Just fuck.
Heya you are correct that the rest of the world is being dragged into it. The tarrifs for us (Australia) have a little sver lining though, our meat will be cheaper if what we exported to the US stays here and no alternative market is found so I am happy about that. The farmers will feel it but us Aussies are always happy to help bail the farmers out tbh, could be a good opportunity for us to create something similar to USAID and send some food where its needed. Who knows really, but its an opportunity for everyone except the US. So thanks for making every other nation (that was trading with the US) great again.
I hope you call it AusAID, it’d be perfect
Well we did have AusAid, just got renamed to DFAT (Department Foreign Affairs and Trade), which do provide assistance to foreign nations but our scope is limited and as far as I could see we were not really buying any excess agricultural production to send off. I have to look into it because maybe we don’t or all of ours is absorbed into the Asian markets. But was thinking due to the US BS could be a good opportunity to still help our farmers while doing some good at the same time. Bang for our buck, when I saw the USAID doing it for their farmers before it was cut I thought its a great program that provides benefits across the board.
Yeah its a no brainer situation like paying farmers to fallow so your soil can heal
Hell yeah, I think the power the US has had over the world has been abhorrent and just straight up imperialism in the modern world. This shit storm has been very fucked up to witness and attempt to fight but I’m really happy to see how several countries have responded to counter it and even empower themselves more and do a lot of good from it. So many fucking Americans have no remote clue how easy we have had it and I fucking hate them for bringing this shit to the world but at least they’ll be getting a reality check that they probably won’t process anyway but fuck it. And the US needs to stop having such a disgusting amount of power. I’m glad there’s some positives out of it, most of this shit hasn’t surprised me but the tariffs against Australia really took me by surprise honestly. Hope things work out for you all for the best
I’d argue that’s reversing cause and effect. A cratering economy on Main Street often gets reflected as a crash on Wall Street.
Sometimes the outcomes diverge. One common analogy in finance circles is that the stock market is like a hyperactive puppy on a long leash being walked by a slow owner whose gradual movements trend in a particular direction while the puppy erratically moves back and forth near that owner. Maybe it’s some kind of hype or panic moving markets in a way that’s uncorrelated with the underlying economic activity. Or it’s a specific play on a specific type of financial instrument that has become untethered from a thing it used to be tightly wound up with. Many financial panics happen when correlations between things break down, and all the financial engineering in a particular type of product relied on a bad assumption so that it spreads to other financial products.
But in many cases, they move together because the people buying and selling stocks feel sentiment driven by actual economic fundamentals.