Stock markets don’t create or destroy money. They just move it around. Mostly from the poor to the rich.
That’s the thing. We’re already dead.
Can confirm I’m still a live.
Remember. He didn’t back down (for now) because you were hurting as a person.
He backed down because his constituents - the ultra-rich, aka the ones best equipped of all to weather this storm they themselves asked for - complained that their power and wealth rate was decelerating.
Simple as. The people who build and maintain societal infrastructure with their sweat and blood would sooner be left to die than these elitists would see their unfathomable and unneeded amounts of influence drop even 1%.
Almost certainly he backed down because he is manipulating the market and shorting on the whole economy. The whole reason for the stop and go tariffs is to cause market instability and panic selling. He shorts right before he introduces tariffs and buys when the market free falls. Then he pauses the tariffs to build the market back up so he can sell and repeat the whole process. This isn’t about anyone but Trump.
This isn’t about anyone but Trump.
💯 everything you said up to that last point…
I think Peter Thiel and Dark MAGA billionaires are also pretty interested in what’s going on… they literally installed JD Vance as VP to guarantee inside influence over policies which serve their long term anarcho-capitalist fantasies.
I’m pretty sure anyone else benefiting from his antics are strictly consequential benefits he can take advantage of and have little bearing on whether or not he does it in the first place.
What is obscured in the strict ‘line up’ and ‘line down’ interpretations of the market is a tremendous amount of money churning through different hands. It invariably transfers to the wealthiest hands who are most capable of absorbing losses and taking risks. The vast body of wealth that is lost in high market volatility is… retirement and pension funds.
The Dow Jones could stay flat and billions of dollars could still be transferred into the hands of a dozen people.
I don’t think I indicated that I disagree with that. Just that nothing matters to Trump more than his number going up. And I don’t think that if other billionaires were losing money due to the market disruptions he is directly causing, he would do something differently. His prim directive is not to make the rich more wealthy or even to remove money from retirees and the poor. He doesn’t give a shit who loses money as long as his personal wealth grows.
Hey I recognized a meme source for once. I’m just gonna take this post down to the “not old yet” store and force the kids skateboarding in the parking lot to accept me.
“They have also set almost as many people on fire as the American military.”
I was not expecting that at all and now there’s coffee everywhere
Their other channel, Boy Boy, is doing some of the most aggressive leftist propagandizing on YouTube.
I Did A Thing is hilarious, I love the way he seems to just be screwing around in all his videos
I recommend Boy Boy as well
I recognised it as well!
That depends on if you sold or held.
Neither, didnt play the game cause its rigged - and not in the common persons favor.
Play the game smart, don’t bet more than you can afford to lose, invest in stable funds, not volatile stocks.
I mean, the game is there, you might as well play it, but be smart about it.
VTSAX or FSKAX for life
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“Stay the course” is still the best advice. You don’t actually lose anything as long as you don’t sell. As long as it recovers by the time you retire and start withdrawing from it, it’s fine.
The main problem would be if Trump’s fuckery deals a fatal wound to the US economy and it never recovers. Even then, you can diversify right now into international stocks to mitigate that chance.
And thinking of it this way… if you cash out and lock in losses and stop investing, you’re likely to never or greatly delay your retirement. If you keep investing, even with catastrophic losses in the market, you’ll be buying at the bottom and if you’ve still got enough time before retirement, you should still make it.
These thoughts and this paper and video analysis https://youtu.be/-nPon8Ad_Ug led me to that same conclusion. Definitely going to start having a more internationally weighted portfolio.
They may recover money, but you can prevent them from recovering physically.
The GOP is a death cult, we will probably die before we can retire.
recover? they are now sitting on top of your gone retirement funds
only if you panic sold everything
People called me an idiot for taking my meagre savings out of the bank and putting them in precious metals. How the turntables.
People called me an idiot for taking my meagre savings out of the bank and putting them in precious crypto.
I hope the tables turn soon. Feeling pretty fucking stupid right now.
- Crypto Bro I Know
!remindme 10 years
Why isn’t it !lemmindme here?
I think there was a bot 1 year ago, but it went home. I guess it’s not to easy to write a bot that watches the whole lemmyverse… but yeah we should get it back at one point.
The bot is on mastodon. You have to tag it as remindme(at)mstdn.social
Somehow both of these guys look like Edward Snowden.
Thanks for selling, I lump sum’d into the stock market at a 15% discount.
☺️
Jokes on you cunts, as a liminal i never expected to retire in the first place
Liminal deez nuts.
