Economy We need a recession, and Trump's trying to trigger it.

[Mr Holmes]

As I pointed out in the other thread, Im all for it. Let me buy stocks at half price and maybe a bigger house with cash.

 

[Kassitus]

1. Retail traders are not overvaluing the stock market. About 90% of them end up losing money anyway. Furthermore if the stock market were over valued becuase of some fundamental reason, causing it to crash for an irrelevant stupid reason now wouldn't protect it from crashing further later from the theoretical fundamental problem.

2. Implementing obviously inflationary policy with these tarrifs will just make inflation worse, not restore balance to the economy.

3. Trade deficit just means that we import more than we export. This has been the norm for the US since post WWII and it is due to the US's high demand, high consumption, and strong economy. It is not inherently bad other than the word "deficit" having a negative connotation.

Trade deficits are not inherently bad, but manufacturing societies are typically the biggest winners in global trade. Trade deficits can be used as a quick indication of who is making how much stuff for who.

 

[Hellowhosthat]

As I pointed out in the other thread, Im all for it. Let me buy stocks at half price and maybe a bigger house with cash.

If the tradeoff was having to live in a much more dangerous society full of desperate people do you take that deal?

 

[Stoic1]

If the tradeoff was having to live in a much more dangerous society full of desperate people do you take that deal?

I feel like we took that deal with Biden's open border policies.

 

[Mr Holmes]

If the tradeoff was having to live in a much more dangerous society full of desperate people do you take that deal?

I don't remember things getting worse than they were following 2008. And I lived in a somewhat dicy neighborhood during those years.

 

[IDGETKTFO]

His kids are part of the 1%, whatever happens they'll obviously be fine.

Sure, his kids will have the money to leave this country, but if this country goes into a depression, or worse, it will affect the rich too.

 

[fortheo]

Trade deficits are not inherently bad, but manufacturing societies are typically the biggest winners in global trade. Trade deficits can be used as a quick indication of who is making how much stuff for who.

Winners in what sense?

 

[Mr. Shickadance]

i think you and i are actually agreeing here but you keep framing it as a disagreement lmao i think i agree with you tbh

Well it seemed like you wanted to burn it all down at first?
I guess I’ve just never heard of burning it all down but with safety nets.

 

[Captain Tenneal]

Only someone so ignorant who doesn’t understand how bad things would get, would say something like this.

It is amazing to see the lickspittles defend this and say recessions are good now, and so is crashing the stock market. When a mere 4 months ago those were bad, because it was (D)ifferent then.

Well it seemed like you wanted to burn it all down at first?
I guess I’ve just never heard of burning it all down but with safety nets.

It's not just about the stock market or impending recessions now.

AI is going to completely upend us regardless who's president. Within 5-10 years, so many people will be losing jobs our economy will crash regardless.

68% of our GDP is consumption.

 

[Mr. Shickadance]

It's not just about the stock market or impending recessions now.

AI is going to completely upend us regardless who's president. Within 5-10 years, so many people will be losing jobs our economy will crash regardless.

68% of our GDP is consumption.

You’re probably right but burning it down should be the last option.

 

[Captain Tenneal]

You’re probably right but burning it down should be the last option.

Accelerating a large economic problem now and forcing our government to address it with a better system may actually be preferable to waiting for AI to truly clap everybody's cheeks 2030ish. Our politicians will not be ready, and it will be worse in my opinion.

The only thing the 1% will do in the mean time is throttle the problem, and say the right things to our retard-tier politicians.

I hope I'm completely wrong btw

 

[Takes Two To Tango]

If that were true, he would have stepped down from the running after almost being assassinated. Trump knows he doesn't have many years left, even if he dies a natural death, and i think he really wants to fix the mess Biden left us in. Why would he want to destroy this country his kids, and their future kids will have to live in.

You lefties are seriously mentally ill.

Fix what? He's making it more a mess, you think it's going to get it better? He doesn't care about you or anyone else besides his close circle of friends and family.

His kids and there kids will be fine, isn't he a billionaire afterall?

He's exploiting the economy for his own good, he really doesn't care if the American economy tanks for everyone else.

It's a giant scam. Like his whole life. It's in his DNA to be a fraud a criminal in fact.

The truth is he doesn't care about the small fries like yourself or I. It's all a facade the being America great again talk. Just to fool you and many others.

The guy lies all the time. And this false notion of being America great again, is completely unrealistic for the vast majority of the population of America. It's a fools paradise.

 

[Mr. Shickadance]

Accelerating a large economic problem now and forcing our government to address it with a better system may actually be preferable to waiting for AI to truly clap everybody's cheeks 2030ish. Our politicians will not be ready, and it will be worse in my opinion.

The only thing the 1% will do in the mean time is throttle the problem, and say the right things to our retard-tier politicians.

I hope I'm completely wrong btw

Well that’s sounds a little more nuanced and less burny downy

 

[IDGETKTFO]

Fix what? He's making it more a mess, you think it's going to get it better? He doesn't care about you or anyone else besides his close circle of friends and family.

His kids and there kids will be fine, isn't he a billionaire afterall?

He's exploiting the economy for his own good, he really doesn't care if the American economy tanks for everyone else.

It's a giant scam. Like his whole life. It's in his DNA to be a fraud a criminal in fact.

The truth is he doesn't care about the small fries like yourself or I. It's all a facade the being America great again talk. Just to fool you and many others.

The guy lies all the time. And this false notion of being America great again, is completely unrealistic for the vast majority of the population of America. It's a fools paradise.

So your saying his assassination attempt was a scam?

 

[Takes Two To Tango]

So your saying his assassination attempt was a scam?

Assassination attempt was not a scam. That can happen to any leader, Trump or anyone who's in that position can be targeted for assassination.

If you are hated enough anyone could get assassinated or targeted for that.

 

[MeatheadMike]

Trade deficits are not inherently bad, but manufacturing societies are typically the biggest winners in global trade. Trade deficits can be used as a quick indication of who is making how much stuff for who.

This part is an oversimplification of global trade. It ignores important aspects like services trade (where the US has a surplus). Also despite having a trade deficit, the US has the 2nd highest global manufacturing output (behind China). In our case the trade deficit really is just indicative of our high consumer demand driven by strong economy.

 

[Sinister]

If that were true, he would have stepped down from the running after almost being assassinated. Trump knows he doesn't have many years left, even if he dies a natural death, and i think he really wants to fix the mess Biden left us in. Why would he want to destroy this country his kids, and their future kids will have to live in.

You lefties are seriously mentally ill.

Right-o, wealthy people NEVER incite Wars, collapse economies, pay to have Governments toppled, because they feel it will better benefit their class of people and for no other reason than they can.


Lol

 

[IDGETKTFO]

Right-o, wealthy people NEVER incite Wars, collapse economies, pay to have Governments toppled, because they feel it will better benefit their class of people and for no other reason than they can.


Lol

I am sorry, but a rich person like Elon doesn't tank his companies because he wants to collapse the economy. He is making nothing being apart of DOGE, he is doing it because he wants to help America get out of a fucking 36 trillion debt.
You sir, are a clown with TDS.

 

[BFoe]

If that were true, he would have stepped down from the running after almost being assassinated. Trump knows he doesn't have many years left, even if he dies a natural death, and i think he really wants to fix the mess Biden left us in. Why would he want to destroy this country his kids, and their future kids will have to live in.

You lefties are seriously mentally ill.

Winning the election was the only way to escape the mountain of felony indictments he was under.

Trump has never given a shit about anyone in his entire life other than himself, I highly doubt that’s going to change now.

 

[BFoe]

I am sorry, but a rich person like Elon doesn't tank his companies because he wants to collapse the economy. He is making nothing being apart of DOGE, he is doing it because he wants to help America get out of a fucking 36 trillion debt.
You sir, are a clown with TDS.

Oh that’s definitely not true.


Musk was gutting agencies trying to investigate his own companies, eliminating competition, and helping Trump tank markets so he could buy shit up on the cheap. Look for example at how he gutted the FAA and then there was talk about having Musk take it over with a cushy multi-gazillion dollar contract Musk isn’t some saint, he’s a predatory billionaire fuck.