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American Economy in a Tailspin

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DiscostewSM said:
Been sort of keeping track on the one stock that I have, only because I worked for AMZN for a number of years and got RSUs, and it's already down roughly 25% from its peak right around the transition of power, and it looks to continue to fall. Been thinking of just selling them in an effort to keep as much of it as I can, but "Analyst Recommendations" suggests it is a "strong buy" right. I'm really not seeing that because the measures they use are likely not taking into account the whole burning of the economy and tariff situation.
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ngl man unless trump backs down (which he literally has never done because he doesn't want to look weak or wrong) you should take the money and buy gold
 
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I track my retirement every pay period mostly out of curiosity but it took a MASSIVE hit this week thanks to all this nonsense. Luckily I wouldn't be retiring for some time yet but this likely impacted millions of Americans who planned to/needed to retire this year. If they didn't vote against Trump and their retirement plans got fucked, then fucking good.
 
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I'm not reducing my contribution which under normal circumstances would mean I benefit decades later but who knows with this administration.
 
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so when will we amass our maltia and fight back you're basicly fucked if you don't revolt
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let me spell i out in idiot terms trump....never....gave....a...RAT'S....ASS about you Trump will basicly commit middle/poverty class genocide without needing to command the millitary to directly murder you i realize why that antivaxxer rfk jr was picked now, to ban vaccines and kill us off quicker
 
Last edited by chrisrlink,
BigOnYa said:
Sad we will suffer while the rich get richer. Ironic that all of Trumps buddies are the people buying up these cheap stocks, almost like stock manipulation is at play. We need impeachment #3 quickly.
https://www.commondreams.org/news/trump-musk-intentionally-crashing-economy
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Very interesting article (and though it's been a while since I've heard a comparison to 'the shock doctrine', it fits).

I've made a few posts floating the idea of the impending crash being intentional so that isn't new. But while it brings focus on the idea, I'm left wondering if what is claimed as a gamble isn't exactly that: a gamble.

Like...just this morning I read that all those fancy billionaires lost a significant part of their fortune, with the notable exception of Warren Buffett. Why him? Because he went short and invested in local companies ahead of time. As such, the tech bros that would "come out ahead" first need to find a way to break even before they bankrupt.
Not even sure what to make of Trump's position. The poll I posted was somewhat morbid, but it seems that if this situation plays out like predicted, more people want to have him executed than forgiven. And that means that either conservative media really needs to pull out the propaganda machine to turn the tide, or that there'll be thorough consequences for the USA as it currently exists.
 
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chrisrlink said:
so when will we amass our maltia and fight back you're basicly fucked if you don't revolt
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I personally can't really support a revolt. Not because I don't think you have a point, but because I think it's still too early. Nothing's happened that's caused a significant enough outcry for a revolt to gain any real support. Pretty sure people in india were thinking the same thing as you when they rebelled against the British in 1857. However, that rebellion failed for a number of reasons, including but not limited to:
  • Lack of coordination/strategy among the rebels
  • Division among the rebels (along religious, ethnic, and morality lines, to name a few)
  • Lack of a clear and unified vision
  • Limited resources/weapons among rebel group vs. superior British forces and supply management (think if your "maltia" was forced to use mostly civilian-approved firearms against military-grade weaponry, tanks, and other such equipment - the military having all the means necessary to ensure they remain supplied in a war of attrition)
  • Many Indian soldiers who were in the British army remaining loyal for one reason or another (most of those reasons being financial in nature)
My point being that you can't just say "We should form a militia and fight back, or we're fucked", and expect everything to just work out. You start a war-triggering fight before the other group makes a move that the majority finds truly revolt-worthy (read: there would be way more potential support for a revolt than if the revolt occurred after the first perceived slight), and you are going to lose. Whether by facing too superior of forces, or by being screwed over by the people you'd claim to be revolting for the sake of. POSSIBLY BOTH.
 
Lol everyone in this comment section has made fun of the Jan 6 insurectionist's for the last 4 years....now they think they should put a militia together to overthrow the government...conspiracy theries out the ass here...why don't you just sit back and watch someone that has some balls and knows what the fuck they are doing run this country. Stocks have been propped up with tax money since covid and need correcting. Idiots panic selling is what is causing this. Give it time and shit will settle and the world keeps turning...or go grab some guns and start your revolt...less idiots voting for biden/harris in the future is good for the country....go back to mothers basement...
 
wartutor said:
Lol everyone in this comment section has made fun of the Jan 6 insurectionist's for the last 4 years....now they think they should put a militia together to overthrow the government...conspiracy theries out the ass here...why don't you just sit back and watch someone that has some balls and knows what the fuck they are doing run this country. Stocks have been propped up with tax money since covid and need correcting. Idiots panic selling is what is causing this. Give it time and shit will settle and the world keeps turning...or go grab some guns and start your revolt...less idiots voting for biden/harris in the future is good for the country....go back to mothers basement...
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Well if this isn't one grammatical mess of projection.
 
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Boom 104% tariffs on China. Needs to be more, and maybe start charging companies more tax when they make/move production to China. Make that product more expensive than product MADE IN AMERICA. It used to be Walmarts way of life. Until they put the little guy out of business, then it went to shit.
 
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wartutor said:
Boom 104% tariffs on China. Needs to be more, and maybe start charging companies more tax when they make/move production to China. Make that product more expensive than product MADE IN AMERICA. It used to be Walmarts way of life. Until they put the little guy out of business, then it went to shit.
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If you had gainful employment you wouldn't be saying stuff like this because it is very clear you have no idea how this is impacting people's finances let alone retirement
 
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wartutor said:
Boom 104% tariffs on China. Needs to be more, and maybe start charging companies more tax when they make/move production to China. Make that product more expensive than product MADE IN AMERICA. It used to be Walmarts way of life. Until they put the little guy out of business, then it went to shit.
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Well guess who ain't getting any rare earts anytime soon LMAO
 
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I mean his campaign motto was "Lower Prices", but nothing at all has become cheaper since he has become president, only more expensive. Lies, lies, lies just to get whatever he wants and nothing else. Thanks MAGA idiots!
 
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Quick Update:

The S&P 500 has now gone from 6,163 to 4,982.
The DOW is now down from 44,811 to 37,645.
The Nasdaq is now down from 22,250 to 15,267.

Every day is another fall in the market. Trump will double down until everyone's 401K is worthless. For me, it's kind of a good thing because I have a LOT of yen to exchange. The Yen and the Swiss franc seem to be what investors are running to.
 
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