Trumpenomics
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wrote on 7 Apr 2025, 14:35 last edited by
@jon-nyc said in Trumpenomics:
But….
Someone's going to think that a dog is driving the car in front of us.
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wrote on 7 Apr 2025, 14:40 last edited by
Hassett was on the interview circuit yesterday doubling down on how awesome and permanent the tariffs were going to be.
Anyway, the markets gave up the flash gains now. Not sure why.
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wrote on 7 Apr 2025, 14:41 last edited by
Reading some stock forums over the weekend, a lot of people saying how they're moving their investments to cash. When someone does so in a 401k, they typically have to wait 30 days to move the money back into the market. I hope they don't get burned by this insanity. Even if the indices recover, people will lose money if they reacted disadvantageously to the panic. But it's difficult to call anybody stupid for reacting to this, and trying to keep their money safe. That's what Trump has wrought.
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wrote on 7 Apr 2025, 14:45 last edited by
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wrote on 7 Apr 2025, 14:46 last edited by
Wow, whoever faked that just made a lot of money. I wonder if that's illegal.
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Reading some stock forums over the weekend, a lot of people saying how they're moving their investments to cash. When someone does so in a 401k, they typically have to wait 30 days to move the money back into the market. I hope they don't get burned by this insanity. Even if the indices recover, people will lose money if they reacted disadvantageously to the panic. But it's difficult to call anybody stupid for reacting to this, and trying to keep their money safe. That's what Trump has wrought.
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wrote on 7 Apr 2025, 14:54 last edited by
@Horace said in Trumpenomics:
Wow, whoever faked that just made a lot of money. I wonder if that's illegal.
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wrote on 7 Apr 2025, 14:59 last edited by
I think I've lost about as much money in the last week as my previous house cost.
Not to worry, though, because some guy who's worth 500 million and went to Yale says everything's going to be OK.
Of course, he can lose half his wealth and still afford to retire whenever the fuck he likes.
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@Horace said in Trumpenomics:
Wow, whoever faked that just made a lot of money. I wonder if that's illegal.
wrote on 7 Apr 2025, 15:01 last edited by@jon-nyc said in Trumpenomics:
@Horace said in Trumpenomics:
Wow, whoever faked that just made a lot of money. I wonder if that's illegal.
I know the indices gave it back up, I just figure they were in a position to profit off a temporary move. Unless it was just a pure prank that went way more viral than anybody thought it would.
Anyway, that price action tells the tale of a bunch of "active traders" being very happy or very angry, all at the same time.
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wrote on 7 Apr 2025, 15:38 last edited by
Word is Trump is threatening to increase tariffs to China if they don't back down from their retaliatory tariffs. If I were China, I might say, "bring it on , fat boy."
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wrote on 7 Apr 2025, 15:52 last edited by
Skip to 1:13 in for the "good stuff"
Link to video
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wrote on 7 Apr 2025, 16:27 last edited by
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wrote on 7 Apr 2025, 16:29 last edited by
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wrote on 7 Apr 2025, 16:34 last edited by
lol
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wrote on 7 Apr 2025, 16:48 last edited by
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wrote on 7 Apr 2025, 17:45 last edited by
Seems like a good time to repost this.
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wrote on 7 Apr 2025, 18:10 last edited by
Glenn Greenwald on the idea-swapping going on, as the pro- and anti-Trump sides spout their rhetoric.
If nothing else good comes of this, at least we can emerge with the free trade issue settled, to a greater degree than it had been. Trade barriers have been a bad idea on both sides of the aisle over history.
Link to video -
wrote on 7 Apr 2025, 18:17 last edited by
He spelled ‘the right’ wrong.
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Glenn Greenwald on the idea-swapping going on, as the pro- and anti-Trump sides spout their rhetoric.
If nothing else good comes of this, at least we can emerge with the free trade issue settled, to a greater degree than it had been. Trade barriers have been a bad idea on both sides of the aisle over history.
Link to videowrote on 7 Apr 2025, 18:20 last edited by@Horace said in Trumpenomics:
If nothing else good comes of this…
It might be worth it just for the penguin memes.
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wrote on 7 Apr 2025, 18:23 last edited by
