Risk of ‘Trumpcession’ rising, economists say, as global markets fall
Risk of ‘Trumpcession’ rising, economists say, as global markets fall
Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investors
What could possibly go wrong when you give the most important job in the world to the most unqualified person ever?
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.
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!
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?"
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.
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.
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.
Well . . yeah. He’s a demented rapist.
Who the fuck is just figuring this out?
A whole lot of people apparently.
The markets haven't historically had a problem with demented rapists in charge unless it effects shareholder value.
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
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.
Hey Wharton School: This is why you shouldn't sell degrees to rich parents for their spoiled children.
The upcoming Trumpageddon will make the Trumpcession look like Trumplemania.
I hope you are ready to open up and embrace big daddi T and all he has to offer. Cause he fuckin us all
Can't tell if I'm supposed to give a shit, Trumplemania '05 or 06'?
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!
I'm sure this would have been just as bad under Kamala.
/s (cannot believe I have to add this, but....)
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.
Then you're a fucking idiot.
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.
Please put his fucking name all over this shit.
Never let people forget who is the cause of all of this.
Every day I wake up and I wonder if he’s a complete moron who’s in capable of doing his job… or is he making people worried about the recession and using these tariffs to manipulate the markets for his own benefit?
The other possibility people have told me about is that he’s doing it to distract us from the real activity behind the scenes, which is to make the rich much richer in the poor, more desperate… 
No distractions, the second answer is not correct, he wants another glided age. The glided age is another term for the second industrial revolution that turned america into the superpower we know today, but It also was an awful era for your average american.They would work 12 hours or more for a whole week, some may have sunday off due to church but a lot did work that day with all your family working. The standard of living was so crap, many would become alcoholics due to the awful conditions, which would lead to prohibition movement. Your average american did not live long, many people would die due to work place accidents but due to no worker protection, nothing would change.
The era was also known for the monopolies, starting with rockfeller standard oil, carnegie steel company and morgans banking with many others. All the major monopolies worked together to prevent competition by buying out, they would ask nicely to sell your company to them, if not they would play the waiting game by lowering the product your selling to be unprofitable and then buy you out. Regulations did not exist yet so, this was all legal and if it wasn't, no one gave a shit as they were that powerful. The government was no help to them either, as most of them were bathing in the money of the 1%. The 1% lived in amazing conditions, and hoarded a ton of money, with some becoming important philanthropist.
Here is an article of proof of what trump wants, https://apnews.com/article/trump-tariffs-gilded-age-mckinley-grover-cleveland-1592dab80ad7159266db51b5baa774b6.
isnt he excited that a economic event named after him?
I prefer the term ‘Trump Slump’ but as long as his name is attached, I’m good.
I believe that's already a reference to his erectile dysfunction, but I could be wrong.
Good
LOLOLOLOL
there was probably a time that i wouldn't have believed it would be possible for anyone to be as fucking stupid as any trump voter, but i don't remember it
Thirty-three percent of Trump voters said, in their own words, they voted for him because of the “economy” or because “he is a good businessman,” a Washington Post-Schar School poll released Friday reveals.
This is from December. It's also a good sign because these are the people that are likely to turn on him as the prices increase and unemployment jumps.
people that are likely to turn on him
i think you're underestimating just how brainwashed these people are. just the other day there was an article about a guy who lost his dream job in govt. because doge, and he STILL couldn't muster the gumption to say maybe trump was a fucking bad idea
December 1964? Because as far as I remember he crashed every business he owned even in industries that were rapidly growing like gambling.
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.