This isn’t a trade war, it’s a Stupid Economic Operation.
Trump is just tracing from Pitin’s playbook.
I never would have thought I would see a military operation so poorly done on such a large scale in my life. And clown world went: “Sure we had one massive cluster fuck of an operation, but what about a second?”
Was it done poorly though? I mean the end result is that the US has become a vassal state of Russia without a nuclear fallout. Seems like an epic win to me.
Well the first was a russian failure the second an american failure. So I guess kinda a wash, with massive negative consequences.
I didn’t think it was humanly possible to see such a concerted effort to destroy an economy in my life. Even Hitler didn’t try to do this with Germany.
Once upon a time I couldn’t get myself to watch old 80s and 90s cartoons anymore because I felt too old and cynical for them… but now I realize that the villains on those shows have nothing on Trump and his dipshit cronies. Only they are somehow more fleshed out despite being literal cartoon villains.
Even Hitler didn’t try to do this with Germany.
Hitler “fixed” Germany’s economy by basically borrowing a bunch of money and then attempting to destroy the people who had loaned it to him (Jewish financiers were a large source of the borrowed money, as was the Soviet Union - a little-known but majorly important part of the Ribbentrop Pact and related German-Soviet agreements).
It might actually go the Hitler route. He’s already made concentration camps for “illegal” human beings. It’s only a matter of time until they figure out that they are deporting a practically free workforce with no rights.
Trump is peak Dunning Kruger.
He is willfully and proudly ignorant. Did you see the video of him introducing Barron Trump to the world when he was a baby? He said that Barron is vicious, ruthless, violent, and maybe (hopefully) also smart. He considered the first traits to be essential to an entrepreneur but Did not consider being smart to be a positive trait.
Funny you say that since I’ve been seeing what looks like 80s GI Joe cartoon in memes about fElon and little d teaming up.
Because the writers weren’t clueless. Trump is willfully clueless.
Republican administrations tank the economy when it’s business as usual.
This is the dissolution and piecemeal sale of the US Government.
Of course there is going to be a fucking recession!
I feel that it’s looking fairly likely to be more of a Trumpression.
Trumpocalypse even
A Trumpster fire.
Make Depression Great Again
I love it!
Obamacare vs Trumpcession
Yet the Republicans will vote Trump next time around.
vote Trump next time
The implication here is quite scary.
They meant Don Jr.
Donald will be in the hyperbaric chamber attaining immortality, returning in 2032 as the Undertrump.
Thankfully, Elon has shown that whatever Trump mystique there is won’t magically transfer to someone else just because they’re associated with him.
Pun not intended. They got perfectly aged Trumps enough to continue up to 2100.
Risk? Its his goal. Crash the market for his ultra wealthy amigos to buy up everything
We call that a Fire Sale for the Oligarchs.
And…
Destroy USD.
Remove USD as global reserve currency.
Bitcoin.
Sell off land to billionaire buds.
(Allow) Nuke a few cities?. Big midterm surprise?. /q’s Great solar flash of 2025 - this is the only one I’m not certain of what/how/when.
Voilà.
Lol. You downvote. Everything he does is a known. You just have to listen. Here’s my comment from almost 4 months ago about tarrifs https://lemmy.ca/post/33768636/13042232
Big midterm surprise?
This is the depressing thing. Even if they do somehow lose their grip over public opinion, a fake terrorist attack would be all they’d need to restore themselves. Good thing Putin has no experience with faking terrorist attacks …
Yeah, this comment has a lot to analyse yet there is little to no commentary on it:
The red states are going to do good, and the blue states, I don’t know, maybe they’ll totally disappear off that map.
The wording isn’t accidental. And it’s a bit more than terrifying.
Disappear. Not change, not swing, not go red. “Disappear off that map.”
It’s not going to be Bitcoin. It’ll be Trumpcoin, Ethereum, or something else easy to control.
Another problem is that down to lower class the americans invest for their retirement.
If he wipes out the people’s lifetime savings, they can’t afford to retire and got to work longer - even if the recession is driving inflation down.
You think that billionaires that are influenced by the likes of Curtis Yarvin care about people saving for retirement?
No, I just thought about how normal people are fucked over. In systems with public pensions, politicians could just cut the pensions, in a property and investment based system, you have to make the “lifetime savings” of the lower 95% just not liveable by greedflation, concentration of wealth and volatile markets that eat up savings - and don’t allow sub-billionaires to hedge.
Hey Wharton School: This is why you shouldn’t sell degrees to rich parents for their spoiled children.
Looks like Sleepy Don has done it again. What happened to better economy on Day 1? Is he going to say the days so far don’t count? Let’s hear some more excuses about how Biden made the job so hard you can’t improve things by 1%. You only need to make excuses for a little less than 4 years now.
what would PRESIDENT ELON say.
Imagine speedrunning your way into the great depression.
For billionaires it’s a “buying opportunity” though.
Gotta take advantage of rock bottom prices!
If you are overall green now… sell.
He is going to make it worse.
Only if you need the funds short term, if you are a ways off from needing the funds then hold what you’ve got and start building a cash reserve to buy more shares when it’s low.
Time in market beats timing the market. You’re never going to now when stocks are “low”. You’re just as likely to wait JUST a little too long and then end up buying when it’s higher than it is now.
If you have AVAILABLE cash now, that isn’t needed for an emergency fund, put it in the market now.
If you want to hedge your bets a bit, then just invest a smaller amount every week to distribute the buying power in case the market keeps dropping.
Trump could just announce that tariffs are dumb and he’s never doing another one tonight, and the market jumps in off hours trading. Or the market could bounce up for a couple days then crash. Or the market could stay down for the next 4 years.
It’s impossible to predict when the “buy back in” period should start, so just don’t even try.
You’re just as likely to wait JUST a little too long and then end up buying when it’s higher than it is now.
I think you’re overestimating the performance of the stock market for the next 1-4 years.
That’s exactly the point. You don’t know, I don’t know, nobody knows.
There were a lot of people that knew this crash was going to happen.
Pretending like there’s no way to know anything about the market and then dumping your hard earned money into it is such an insane Nhilist take.
Well, we can be rather certain it’s not going up over the next month, wouldn’t you agree? Not unless somehow we can re-wind international politics.
As long as enough people stay invested in the market to guarentee infinite growth forever…
That being said, you also don’t know where the bottom will be, so slowly buying into a falling market should let you get a good amount of buys in close to the bottom.
That is one way, and it is smart. For me I have a small amount of companies that I own and want to increase my stakes in those. The problem is they are all up at the moment. I’m waiting for a drop then I’ll start buying in.
That’s what most people don’t get about investing-- there is money to be made in both market directions. The rich understand that.
Yep, when I started investing about 20 years ago I read as much as I could, one thing that always stuck with me was a Warren Buffet quote “be fearful when others are greedy and to be greedy only when others are fearful”.
That’s generally how I approach investing in stock and Bitcoin. There are exceptions of course, but that’s the general plan. This stock or whatever isn’t failing, it’s on sale.
Wellllll, we’re heading into completely uncharted territory here. No Warren Buffet wisdom has any relevance, because no one has dismantled the US government like this before. And we’re only a month in. Extrapolate one month of damage over a 4-year term… we’ve experienced 2% of a Trump/Musk term.
Yeah I would absolutely recommend selling everything now, it’s going to go much, MUCH lower. If you really want to play that game, wait until it’s all hit rock fucking bottom to buy again.
OTOH it’s likely that they’ll be trashing the value of the dollar at the same time they’re trashing the stock market. So being all cash might not be such a great plan, unless your cash is some other color than green.
IMO they are trying to tank the whole world’s economy and leave the only true wealth in the form of land, manufacturing capacity and extractable resources like fossil fuels. So I would recommend selling your stocks and buying Saudi Arabia.
Every dip is “uncharted territory”
The COVID quarantine was uncharted.
The 2008 financial crisis was uncharted.
The 1999 tech bubble was uncharted.To the market, today’s just another Tuesday.
So there’s a failsafe for these kinds of crises called “government”.
What’s currently uncharted is that we are dismantling the failsafe.
If you think any of those are in any way comparable to what’s happening now, you aren’t paying enough attention.
To each their own, I’ll stick with my method and you can do yours. We’ll just have to wait and see who’s got the right idea in this uncharted landscape.
I wish you the best of luck, not sarcastically either.
I think setting a stoploss and then just stay in/ cash out automaticly is also completely viable (as long as your trading fees of cashing out and re-enter are well covered by total earnings so far)
Taxes are another thing though.
That is a totally viable method, it’s just not the one I want to pursue.
Also, yeah I don’t even want to think about the taxes…
What if you’re new to buying? Like baby steps new.
Pray to the great treasury on ferengina.
Made me laugh, lol.
Like put it under your mattress for a bit.
Well we might be seeing the end of stocks as an investment platform so if you have money to invest maybe just save it for now.
Thanks for the perspective, I was honestly trying to think in terms of investing overseas, which I should’ve mentioned (Is that even possible?). I’ve been saving, studying, and working on my career to move to teach in Japan eventually and I don’t want what little I currently have to be worth nothing. Right now the dollar is strong against the yen but I don’t know if that’ll be true by the time I graduate (Which is slow, I’m not going to go into debt for this). Considering taking a class on finance even though math is my worst subject.
isnt he excited that a economic event named after him?
They should take over The Fed and once the recession hits, increase interest rates and do some QT. That’ll show the working class.
I’d rather use Qt than get QE
Down with GTK.
Please don’t ripple through the 3rd world.
I’m sure this would have been just as bad under Kamala.
/s (cannot believe I have to add this, but…)
Wait, you aren’t serious… I read your post history lol. You need a /s
Haha, of course I’m not serious, but a whole lot of bothsidering centrists and an unfortunate amount of leftists keep saying all this is the Democrats fault because they didn’t offer them a pretty, pretty pony last fall.
I feel split on that. My hatred is kind of for both groups. Democratic consultants, Biden, Harris, and DNC leadership in general I hate with a severe intensity for this failure, but also “Both sides bad” people and leftist non-voters I also hate with the same severe intensity. I hope they get exactly what they did not vote for.
The only Dem politician involved in this fiasco I don’t hate is Walz. Just some significant disappointment.
Yeah, no. Even if Kamala just continued whatever Biden was doing it would have been better than this.
even hillary wanted to continue obamas policies, but RACIST AND SEXIST white men do not like women, period.
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Then you’re a fucking idiot.
What could possibly go wrong when you give the most important job in the world to the most unqualified person ever?
…twice.
We gave it to the most unqualified person ever… twice.
Congratulations.
We need to dispense with this notion that Trump is “unqualified.” He is very qualified for the job that he actually set out to do, and has been accomplishing it expertly.
It’s just a different job than the one you think it’s supposed to be.
Trump is overqualified to take us right into bankruptcy. He’s been here so many times! Don’t worry! Just ask for money from stupid people that have money!
Unironically, yes. You wanna know why Trump’s businesses kept going bankrupt? Because they were never meant to be sustainable in the first place. They were scams – probably fronts for Russian money laundering – and designed to have all the money extracted and then implode on purpose before law enforcement could start looking too closely.
And now he’s doing the same thing with the entire goddamn country.
I don’t believe that for one second. They’ve got a Project 2025 playbook written by some smarter people that makes them almost look competent. But they aren’t even doing that great of a job of it. The whole lot appear to be as dumb as a box of rocks from my PoV.
Consider the possibility that Trump’s real goal is to destabilize the US, destroy its democracy and civil liberties, and turn it into a Russian-style oligarchy and vassal state of Russia.
Given that assumption, what mistake has he made that detracts from that goal?
It’s a bad assumption. I could just say the same thing with the hypothesis about him being dumb.
It also ignores the fact that he’s not alone. He’s got pretty much the whole government doing the thing. But I’m sure you’ll say they’re all looking to do the same thing.
I think his only goal is his own enrichment and power. I doubt he even cares about his legacy.
Nonresponsive.
What mistake has he made that detracts from that goal?
I don’t think you can name one. Prove me wrong.
I bet we could find someone less qualified.
It just would be difficult to find one outside of a hospital or care home.
Doing nothing would be more qualified than what Trump is doing.
I vote Air
It just would be difficult to find one outside of a hospital or care home.
Hey now! Elon and Rubio are right there
Even they’ve at least experienced heath care for poor people.
You joke, but Texas last year had a representative missing for months. Come to find out that she was checked into a care home, still drawing paycheck.
One Source on the matter.
I mean… we can’t blame her for forgetting that she had one job after all now, can we?
