Economy Nasdaq 100 Heads for Worst Day Since 2022 as $1 Trillion Zapped

[Sinister]

I find CT's to almost exclusively be the bastion of the stupid and logically challenged.

But by the same token, as someone who prides themselves on evaluating things based on logic and reasoning, its incredibly hard to make any traditional logical sense of is his recent trade and Ukraine decisions.

Given Occam's razor, complete stupidity, or planned incompetence suddenly becomes the most logical explanations.

Baffling.

If you really look at how crashed economies make the wealthy wealthier, it really isn't that farfetched of a thought. The housing crisis saw massive systemic fraud uncovered, did any of the complicit bankers or officials see any prison time over it? People lost jobs and homes, immigrants and the working class were scapegoated for taking loans they didnt know were predatory. The Government could have chosen to bail out the working class directly and let the banking industry rot and crumble. They chose to bail out the banks because, well, Obama was chummy with those Wachovia d*ckheads.

During COVID Trump dumped what, 1.5 trillion dollars down the toilet that is the stockmarket. Did it work? All those PPP loans misused for stock buybacks and no convictions for that, or for laying off the personnel those loans were meant to bolster the employment of. As always shareholders get made whole, meanwhile McConnell did everything he could to prevent working class Americans from getting a single cent of our own money. Trump was just good enough of a con artist to sign his name on the checks the Democrats battled his party tooth and nail to get. As well as take credit for the child tax credit they knew they intended to revoke at the first given opportunity. The Republicans openly stated they wanted us all working despite the global crisis, and these lemmings were ready to applaud as they kept from the cliff.

Americans are ALWAYS told the Government cant spend any money on average citizens while the donor class are constantly showered with subsidies even amidst disaster and cataclysm.

This is no different. Guys like Must, Bozo, and Cuckerberg likely just calculate how much of a hit they can take while still being wealthy enough to purchase influence, and that the price of many things will reduce as things crash. How much ahead they are doesn't change. I suspect their "net worth" is about as meaningless to them as it is to me, aside from that they know its meaningful to people who want their favor. Hence why they're never satisfied. Trump isnt either. I dont think there is any situation they dont think they can monetize, especially if they know the working class will take the harder hit and continue to look at them as betters, as saviors.

Edit: I just realized this concept I'm describing happened in many people's favorite Christmas movie, which took place during the Great Depression. Who was the one @sshole acquiring assets during that time?



And remember Potter had his money the entire time, a clever depiction of the kind of fraud and trickery the capitalists always engage in. And Potter wanted the member-owned B&L so he could dismantle it and force everyone to use his privately-owned bank, which would also lead to him owning their properties.

 

[Sinister]

Hopefully there is a plan at play here and not just for billionaires

Absolutely 100% just for billionaires. Bootstraps for everyone else.

 

[Blunderbuss]

At least eggs are cheaper though..

They’re cheaper, right guys…?

@Pliny Pete

 

[Khaosan]

No, this is the way. Has to happen as fast as possible. Everything he does will be challenged with lawsuits and bad press/propaganda. They have to sort out the law suits before the midterms so that his plans are going full steam and bringing results

Pssst, you’ve got something on your chin.

 

[Khaosan]

WORST EVER...since the last guy, anyways.

There's probably a thread around here for that. I wonder if Liberals were spitting mad about it, and predicting the end of the world?

Imagine hating yourself as much as this guy does.

Wild.

 

[GhostZ06]

inb4 Magats say this is Biden's stock market, despite the FACT the stock market was at record highs when Biden was in power.

Also inB4 i reply with this as yet another counter to Magat stupidity...

^^^ the above was Trump posting while Biden was still POTUS and getting record Stock market levels.

lol the lack of accountability is hilarious

 

[Khaosan]

lol the lack of accountability is hilarious

Accountability for what? His cultists told me he’s done nothing wrong, ever.

 

[GhostZ06]

Accountability for what? His cultists told me he’s done nothing wrong, ever.

Ah ok !

 

[Khaosan]

Ah ok !

Glad I could clear that up! I’m just going by what they’ve told me and not my own eyes and ears.

 

[Hellowhosthat]

Great, then why are you opposed to these tariffs, which are basically taxes on large international corporations?

Normal taxes wouldn’t normally affect them, as they can evade by going over seas, have the CEOs and such have primary residence and bank accounts over seas, various loop holes, etc.

This directly affect their bottom line and will either force companies to manufacture here, which there are already results, or pay a tax, which will help relieve the tax burden of Americans?

If he wants to do that then why not have scaling tarrifs which increase based on the amount you import rather than having set ones which impact small businesses too?

 

[avenue94]

If he wants to do that then why not have scaling tarrifs which increase based on the amount you import rather than having set ones which impact small businesses too?

Then it'd be a tax credit, which you need Congress for. And also because he's too arrogant to think he's not wrong.

You'd also need to scale it by business size, not imports, since many small businesses rely exclusively on imports since they are the most price sensitive.

 

[Hellowhosthat]

Then it'd be a tax credit, which you need Congress for. And also because he's too arrogant to think he's not wrong.

You'd also need to scale it by business size, not imports, since many small businesses rely exclusively on imports since they are the most price sensitive.

Yeah that makes sense. You could factor profit into it, which also protects the consumer.

 

[IanEdwards]

damn it trump, you pick too much fights too early

Why stop there? what about picking the wrong fights? picking the wrong way to go about those fights? What about Trump picking fights where he doesn't have the first fucking clue about either the ruleset he is fighting in, the opponents he might face, the fundamental techniques of fighting, the ring size, the glove type or the consequences of losing?

 

[IanEdwards]

Hopefully there is a plan at play here and not just for billionaires

hahahahahaha. hahahahaha. hahahahahahaha. you're good, bro, that's a good one.

 

[Hellowhosthat]

Why stop there? what about picking the wrong fights? picking the wrong way to go about those fights? What about Trump picking fights where he doesn't have the first fucking clue about either the ruleset he is fighting in, the opponents he might face, the fundamental techniques of fighting, the ring size, the glove type or the consequences of losing?

 

[44nutman]

Imagine hating yourself as much as this guy does.

Wild.

When America invades Canada he will help the Americans, turn in his neighbors and let American soldiers take his girl to pound town.
Watch the classic movie Red Dawn and @HereticBD will do everything opposite that Patrick Swayze did in that movie.
Pro tip. Red Dawn 2 released in the early 2010’s starring Thor is awful.
#Wolverines.

 

[WhiteMousse]

With what?

Well I'll say this-- if you have a 401k plan, anything you're putting in now is going to be worth more later than the stuff you put in when it was higher when the market presumably recovers. I don't know if your question is in jest to make a point, or if it's sincere. If it's sincere, use your company's 401k plan, at least to whatever figure they match. If you don't, go to American Funds and start an IRA Roth, right now is the best time-- again, assuming the market recovers.

The questions are why is it plummeting, and will it recover and why will it recover. All those are beyond me which is why I only do roth, 401k and a fun small amount of bitcoin

If your comment was made in jest to make a point, point taken. The market is reactive, and it's definitely reacting to Trump's actions. Remains to be seen if this is ultimately good or bad. Right now it looks very bad. If it goes the other way everyone will immediately reverse their position

 

[ChosenOne]

If you really look at how crashed economies make the wealthy wealthier, it really isn't that farfetched of a thought. ...

Ya it is not difficult at all to understand.

All the biggest players in the market, who were not already sitting on a lot of cash (Hedge Funds, PE, Billionaires, etc) will be the ones selling off now and greatly increasing their cash positions so that if/when a market crash happens they can buy all the top stocks at greatly reduced prices and enjoy the ride back up getting record returns in a short time largely at the expense of those forced to hold thru it, which are the middle class and their retirement gunds.

The key to profiting in big down turns is having cash to buy. Just like the housing crash (2008/9) lead to home equity being gutted and those same players swooping in to buy homes in the downturn.

 

[Siver!]

Impeach Trump.

Again.

Is there support yet, or are most Americans still fast asleep?

 

[SandisLL]

Trump & Vance administration looks that is ready accept even recession by some - 0,1 - 3,6% GDP and inflation increasing because looks that they are thinking that in long term this will make America great again.