The wealthiest 10% of Americans own 93% of the stocks. I’m glad to hear they’re hurting and not anyone else.
Trump is doing by accident things I’d never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
I’m glad to hear they’re hurting and not anyone else
Except when equities plunge it drives up borrowing costs. That impedes how businesses maintain and expand their enterprises, which puts downward pressure on employment and wages.
We’re also seeing a crash in commodities prices - particularly US exports - and energy demand, which is gearing up to wreck the O&G, automotive, and agricultural sectors.
It’s bad bad bad for everyone. A totally unforced error by Trump that will have huge negative downstream reprecussions for us all.
Trump is doing by accident things I’d never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
Maybe. The US has been written off a few times before this and rebounded. And there’s no real reason to believe the current EU will be any less xenophobic, imperialist, or wreckless and wasteful as their American peers, given that they’ve been drinking as hard from the fascist well as the rest of us.
We’ll see what comes of it all. Maybe America will go quietly off into the graveyard of empires and swallow a bullet. Or maybe we’re come roaring back for one last nightmarish global thermonuclear Holocaust because we just can’t stand not being the center of attention.
The fungi take over for a few hundred thousand years, tops. There are some global climate swings during this period but eventually the balance is restored and the next set of animals asserts hegemony. Just because this is the first mass extinction caused by animals (arguably) doesn’t mean it won’t play out like the others.
I’m glad to hear they’re hurting and not anyone else.
Unless you’re accused of being an immigrant and are deported, or you’re trans, or in Yemen or Palestine, or like, have/want a job that isn’t subsistence farming. Look at the Depression, it wasn’t just investors who were hurt.
Trump might be accidentally causing some good things to happen, but a lot of regular people are going to suffer too.
I love how many people are advocating and celebrating for 50 million elderly Americans to become homeless. You guys couldn’t eat the rich if I put them in front of you with some condiments. couldn’t find the rich fucking if Luigi was pointing a gun at them.
The whole Trump administration is ran by putting up some stupid stat and getting some stupid people angry about it and then we encourage a stupid plan to go through that hurts the angry people even more making them more angry and dangerous. we’re only 90 days in people let’s get it together
Housing won’t free up. Black Rock, Morgan and others are buying up all the middle class housing so they can jack up the prices out of reach of most, forcing them to remain renters, then doubling the rents. Thats why housing costs are now more than 50% of income these days.
Democrats have tried to push legislation banning these companies from buying mass amounts of housing, but the Nazis fully support it. Tent cities will be regular thing by the next “election.”
Millions of Americans voted with the delusion “Trump really cares about me”
The wealthiest 10% of Americans own 93% of the stocks. I’m glad to hear they’re hurting and not anyone else.
Trump is doing by accident things I’d never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
But I can’t stand the motherfucker.
Except when equities plunge it drives up borrowing costs. That impedes how businesses maintain and expand their enterprises, which puts downward pressure on employment and wages.
We’re also seeing a crash in commodities prices - particularly US exports - and energy demand, which is gearing up to wreck the O&G, automotive, and agricultural sectors.
It’s bad bad bad for everyone. A totally unforced error by Trump that will have huge negative downstream reprecussions for us all.
Maybe. The US has been written off a few times before this and rebounded. And there’s no real reason to believe the current EU will be any less xenophobic, imperialist, or wreckless and wasteful as their American peers, given that they’ve been drinking as hard from the fascist well as the rest of us.
We’ll see what comes of it all. Maybe America will go quietly off into the graveyard of empires and swallow a bullet. Or maybe we’re come roaring back for one last nightmarish global thermonuclear Holocaust because we just can’t stand not being the center of attention.
Either way I’m good. Animals have had a good run. Time for the fungi to take over.
The fungi take over for a few hundred thousand years, tops. There are some global climate swings during this period but eventually the balance is restored and the next set of animals asserts hegemony. Just because this is the first mass extinction caused by animals (arguably) doesn’t mean it won’t play out like the others.
That’s not the way things roll though.
When wealthy people lose 10% of their wealth it’s annoying but ultimately doesn’t impact their quality of life.
I have a feeling things are going to get pretty bleak for the rest of us at the supermarket real quick.
Unless you’re accused of being an immigrant and are deported, or you’re trans, or in Yemen or Palestine, or like, have/want a job that isn’t subsistence farming. Look at the Depression, it wasn’t just investors who were hurt.
Trump might be accidentally causing some good things to happen, but a lot of regular people are going to suffer too.
I love how many people are advocating and celebrating for 50 million elderly Americans to become homeless. You guys couldn’t eat the rich if I put them in front of you with some condiments. couldn’t find the rich fucking if Luigi was pointing a gun at them.
The whole Trump administration is ran by putting up some stupid stat and getting some stupid people angry about it and then we encourage a stupid plan to go through that hurts the angry people even more making them more angry and dangerous. we’re only 90 days in people let’s get it together
Fuck you that hurt to read. I can’t do 1,370 more.
They *control the stocks through their brokerages.
Your parents own the stocks.
The wealthiest are not hurting, they’re getting exponentially richer.
It’s so obvious to anyone that looks at his actual actions through his life that he cares about no one but himself.
That’s hard to buy for nearly any given politician, but especially donvict - that’s next-level delusion.
Millions voted to fuck boomers and their 401ks
Lots of new housing will free up
About time
It’s a win win
Housing won’t free up. Black Rock, Morgan and others are buying up all the middle class housing so they can jack up the prices out of reach of most, forcing them to remain renters, then doubling the rents. Thats why housing costs are now more than 50% of income these days.
Democrats have tried to push legislation banning these companies from buying mass amounts of housing, but the Nazis fully support it. Tent cities will be regular thing by the next “election.”
If people understood how the stock market worked they wouldn’t be dumb enough to vote for Trump.
If people understood anything about economics at all they would’ve been in a much better financial position in general.
Yea lmaoo just like 2009 when we all got bank loans and bought tons of distressed real estate.
oh wait it’s nothing like that because we don’t have a housing bubble where strippers own five homes