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So the boycott is working? Let it continue.
What are you boycotting?
Completely cut out all US food/drinks, other stuff it varies a bit but making an effort to avoid US stuff where practical.
Honestly, I did not think it would work!
slams fist on desk
Biden!
Damnit, I came here to blame Joe Biden, but it seems like everyone else beat me to it. Oh well, time to go tariff some more countries and then act shocked by the results…
How did Justin Trudeau manage this? I thought he was too busy making potholes?
This is going to be a hard one to explain to the MAGA fans
It’s ukraine’s fault. Should’ve thanked harder
why would Joe Biden do this
The stock market was bloated
Actual trump regime statements
What isn’t hard to explain to that lead poisoned cult of cunts.
I like the little hopeful bump before the inauguration.
Still no idea why it happened, but it was a nice little bonus when I sold off all my positions before he came to power.
Smart. It was the the hope of a business man coming in and doing things good for the market (not for people mind you, wall st is not that out of touch)
That’s not a bump. It’s in line with the rest of the world.
Yes, a bump in the world markets. On US news. A trend I hope we see less of in the future.
On US news.
What news in particular? Remember, People knew for months that Trump was going to be inaugurated.
To be fair, showing no historical correlation and just assuming the problem or separation started this year because it’s specifically indexed to the start of the year, is garbage math. Like, you got the correct answer, but you did the problem completely wrong.
What’s interesting to me is that the “shape” of the line still matches the global line pretty well so there are some “fundamental” aspects that still affect markets, but overall we’re in a nosedive for “some reason.”
Sometimes The USA line goes up when the world line does, but sometimes it’s totally inverse, as the world quickly dumps US stocks and invests elsewhere.
Here in the US, I transfered most of my 403(b) investments into European, Asian, and “emerging market” funds, so I’m happy to be doing my part.
any guidance or resources for an idiot who would like to explore that?
If you have a 401(k) or 403(b) through your employer, your employer should be partnered with an investment firm to manage it (e.g. T Rowe Price, Prudential, or Transamerica). You need to figure out which company you’ve got and log in to your account. Ask your HR dept if you can’t figure it out.
That firm will automatically choose where to invest your money unless you log in to your account on their website and tell them where you want it invested.
Most investment firms will offer a limited selection of mutual funds with a variety of objectives. They usually link to each prospectus right there on the site, and the prospectus often has a pie chart telling you where a fund’s investments are located (US, Europe, Asia, etc). It will also list their performance over time, expense ratios, and other useful info, like whether they invest in large vs small cap businesses and their largest individual holdings.
You want to change both where your current investments are allocated and where your future contributions will be allocated.
You also want to try to find funds with low expense ratios (I try to stay below 0.10% unless it’s a fund I really like and am willing to make an exception for). Anything titled “index fund” is likely to be low. Your money is almost guaranteed to be automatically invested in funds with high expense ratios, cutting into your long-term growth, because the investment firm makes big bucks giving your money to people who aren’t wise with it.
If you want to get serious, you can even set up a personal choice account where you can totally independently decide where to invest your money, even in individual stocks. This comes with significant risk and is not a great idea for laypeople like you or I.
Thank you for the very thoughtful response, I will hopefully get a plan together
Same, babe. Sold all my iShares and Vanguard ETFs and moved into BMO emerging markets, Euro, and Canadian funds.
I still need to look into my employer group pension account. I don’t know how much control I actually have over that.
I did the same with my IRA. I was in VOO but moved to VGK and some short term bonds. So far I’ve saved myself a good amount of money.
Fuck, that’s a good idea.
Thank you.
Any Americans tired of winning yet?
I am so tired of winning, I’d love alternatives.
Denmark, if you’re listening… I have an idea.
I can’t handle being any greater.
So very much
Maybe they should try more tariffs. More tariffs will fix it definitely.
Yo dawg, I heard you like tar
riffs…Edit - Sorry… I’m usually better than that
Too much trade between the states. We need to rip up the Interstate Commerce Clause
Side note, why do people seem to struggle so much with the spelling of the word “tariff”? We’ve seen it so many times yet so many people get it wrong.
Not really a side note, this is just the tip of the “American stupidity and overconfidence that got us here” iceberg.
Hmm
Maybe easy to pronounce as “tear riff“ which would lend itself to the double R
We just need to hawk more $100k Teslas from the White House. …what a fucking embarrassment.
Okay, here’s my conspiracy theory…
Now let’s say you’re Trump and the supreme Court has said it’s just about impossible to convict somebody of corruption in the US. You see that you’re going to be elected president and your goal is to figure out how to make a crap ton of money off being present. Now you can do the boring old s make dignitaries stay at your hotel thing or have foreign governments. Give Jared kushner a bunch of money… But that’s all pocket change. If you’re president, you can crash the economy. If you know a bunch of Rich Russian oligarchs who can short the market and you can tell them exactly when the market will crash then they can make billions… And you can get your cut too.
This is why Trump doesn’t really give a shit why the tariffs are in place. That’s why he makes up bullshit answers when asked why the tariffs are implemented. He doesn’t care. … But he really really really wants to yank the market around. First he says tariffs happening, then he says they’re not, then they’re happening again. Every time the market goes up and down he can make a shit ton of money if he can accurately predict when it goes up or down.
I can’t get this idea out of my head. It makes more sense than anything else I can come up with. There’s so much money to be made if you have the power to yank around the u.s. economy and enough narcissism to not give a shit about the people hurt in the process.
Exactly what I have been thinking. I should have scrolled down and read your comment before I made mine
What I’m wondering when reading such theories is: does money matter all that much to these people? Like when you’re 80+ years old and a billionaire I don’t see what the end game there is, unless it’s just an uncle Scrooge attitude but I still find it a bit hard to believe. I think that in order to become a billionaire you need to be seriously driven by something more than 0s - maybe power, influence or attention.
They’re just tryna nut. It’s the only way they still can
Logically you would think the answer should be that money shouldn’t matter much, but it always seems to. It’s still a way of keeping score and a proxy for power. They’ve always longed for more money/power and as they get older and their brain slows down, they don’t suddenly change. What old billionaire have you seen says “you know what? I’m going to give everyone raises! I don’t need more money! We should all be happy together!” (Almost) never happens. They want more and more and more… and then they die.
Bill Gates seems to be like that. Don’t get me wrong, I don’t like him and he’s still doing lots of shitty billionaire stuff, but he seems to be satisfied with “just” being a billionaire and making sure his offspring
will be billionaireswon’t starve as well and giving away a lot of the money he will never be able to spend on his own anyway. Same goes for George Soros and Warren Buffet.Didn’t know that. Fixed
He’s still leaving enough for buying eggs ;-)
You’ve got to step back a little to understand.
The key thing is that it is not possible (excluding inheritance) to become a billionaire without being a scheming psychopathic cut-throat selfish person and having a determined drive to have power over others.
The second key is it’s not possible to keep your billions without being a psychopath. This because you could never possibly spend that money in your lifetime and the only way to have accumulated it is through exploitation of labour.
So it’s a thing you don’t need that you got via abusing others. They want power and they don’t care how they get it. They have no plan beyond that. Personally I think it’s mental health issues and the fact that we allow this in our flawed system.
It’s not wealth hoarding, it’s wealth OBSTRUCTION as a means to control everyone. It’s pathological fo sho.
it’s not just allowed it’s encouraged, in fact i’d go as far as to say it’s the only way to “win” in this system
That was my idea. These jarring and quickly implemented money drainers only really help ppl outside the market.
Yeah, I think it’s either this, or the tariffs are extortion (announce tariffs, then solicit bribes from businesses and politicians). Could be both as well.
Don’t worry, the rest of the world will get pulled down when we really nose dive… hooray contagion.
Yes, the global casino of interdependent pyramid schemes is extremely fragile.
Don’t worry though. Capital will print as much money, build as many prisons, and blow up as many brown people as it takes to maintain hegemony.
I agree, but I don’t think it will be as bad as the last few times for anyone but the US. Trump has managed to piss off literally the biggest trade partners the US has, so they will happily just invest elsewhere and leave the US economy in the dust instead of trying to survive the crash together.
I also agree with you here.
We’ll pull the world down… but we will do significantly worse ourselves.
This is why Warren buffet pivoted to cash liquid position.
That guy pours over countless documents and stats to make his moves. He probably knows what he’s doing more than most when it comes to predicting market turns.
I mean I feel like a recession is inevitable, but I’m just some random guy.
deleted by creator
I can’t. Is this mental difficulties or that thing journalists do where they have to act like they were literally just born and don’t know anything about the world? I don’t know the dude in OP.
Wait, are you not aware of sarcasm?
Pretty ironic for someone with the handle, JokeDeity.
Honest to god, I really just missed it. Reading it now it’s so blatantly sarcasm, I’m going to just have to blame it on a combination of lack of sleep and my being a dumbass.
