These people pretend to be out of touch.
They just don’t care.
They’re buying time to steal as much as they can for as long as they can.
What do they care about though? This seems deliberate, right? Who’s benefiting from economic collapse? Things you should be asking.
You can make money betting the market will go down.
It’s entirely likely these ghouls have bet hard on the downturn they have created. They knew exactly when it would happe and how extreme it was going to be. Keeping it going down just makes them money.
You can make money betting the market will go down.
Sure but becase it’s not productivity related its just swapping money. There ia no “winner”, for every win there’s a loss on the other side of that sort of trading.
People seem to forget that he’s done this each month since he was inaugurated. He threatens tariffs, the market plunges, he makes an excuse to postpone the tariffs, and the market rises again. In between, the wealthy are cleaning up.
By the end of the weekend, they were claiming that countries were calling and begging to negotiate. My prediction is that by the end of the week he will be postponing many of the tariffs, except for countries who are big meanies to him.
Unlikely
Buddy, everyone I know exit the market at the end of January. Some are riding the downtrend with SQQQ as we speak. And these aren’t professional traders with insider knowledge of when Trump would flip or flop. Those who have it have made a killing and would make yet more.
Pal, I wasn’t asking who makes money in an obviously bearish market. I was asking who benefits for having weird-dick Clown Lord tank it.
Russia does.
Oligarchs. They suck up the rock-bottom market and come out the other side with even more of the world’s wealth in their pockets.
The thing I’ve been wondering about is, to what extent will they try quantitative easing and/or bailouts, as was the 2008 strategy. I don’t think trump will endorse QE, but I think it’s possible the establishment of the crypto reserve is so he can bail out his buddies. But instead of saying “I’m bailing out these billionaires” which wouldn’t play well with his base, he’ll say “I’m using USD reserves to diversify investments into crypto”. Which pumps whatever coin he chooses, after which all his buddies dump on the taxpayers.
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The working class and middle class will continue to work and provide value to investors, because they have to. No work means no food, no home, so people will continue to work and investors will still have that value coming from the working and middle class. Their lives will suck, but that’s not a rich person problem. Ideally, for the rich, the working class and middle class will sell off their assets at fire sale prices so that they can survive and the rich will get valuable assets on steep discounts. Homes that foreclose will be bought up and renters will be put in them and the return for investors will be incredible.
Recessions are when rich people get much wealthier in a short period of time. This is deliberate and the rich will be using their money to “invest” while the working and middle class produce more value for investors at their jobs and sell their assets to the investors.
There is no such thing as a recession being bad for the wealthy. The only thing bad for the wealthy is taxes and regulations. Even if their net worth drops, it only drops on paper temporarily and as long as they don’t sell while the value is down it’s like it never happened. If it ever gets really bad that’s when companies are then deemed “too big to fail” and the government bails them out.
It’s intentional and they’re all excited about the recession.
Thank you.
Putin. Its always Putin, using Skum and HitlerPig as his muscle.
When will people truly internalize that the two biggest foreign Sociopathic Oligarchs, have partnered up with the most prolific traitor in American history? None of them have any loyalty or patriotism toward America, and only see us as a big, rich, fat, lazy target to be ruthlessly exploited and looted, and it’s happening in real time before our eyes.
How much could an egg cost, Michael? Ten dollars?
So, if the market goes down >16% [1], no biggie?
The fucking balls on this guy.
[1] And the futures are down nearly another 6% on the S&P as I sit here…
Japan triggered circuit breaker for stock futures trading.
You’re not looking to retire.
They might be looking to stay employed?🤷♂️
Americans are watching their 401k become 401 in real time but sure, they’re not concerned about it. 👍
Marie Antoinette sounds like a paragon of compassion right about now
Fun fact: historians think she never actually said the famous line attributed to her (“let them eat cake”), which was supposedly evidence used to show her indifference to economic troubles in France at the time. It’s believed that the line was crafted to feed anti-nobility sentiment among the working class that ultimately led to the French Revolution. (Here’s a source, but there’s many put there)
It’s a good thing that we’ve progressed to the point that nobody uses false information to drive political narratives anymore. /s
Thanks for digging that up! I’m aware it wasn’t actually her, so I intentionally didn’t use the quote, but that probably still perpetuates the quote a bit anyway if you had not posted the correction
I also read that there is a translation issue with the word cake. It was originally reported as saying “brioche,” not cake. Brioche is a type of bread, not a cake like we think of. It is still indicative of a lack of awareness, since the line was uttered in response to poor people not being able to afford bread and she suggested brioche instead, as if there is much difference.
I’m not worried about day-to-day markets. That’s not what’s going on here.
“Day to day markets” that have consistently declined for months now.
Another rich entitled prick who claims to know what the average American thinks.
If this peckerhead really knew what we were thinking, he’d buy a remote island and hide there.
That reminds me, i have to sharpen my guillotine.
Don’t sharpen. Make the blade duller and heavier. Brute force still works.
Yeah, I’ve considered that, but a sharper blade will get through more necks, faster. After all the nonsense of this administration, I want efficiency.
Besides, it will dull quick enough getting through those cervical vertebrae.
watched this absolute disaster of an interview. mf’r looks terrified of the sound of hammers swinging nails into gallows.
…but at least he’s happy about the market infrastructure holding up as people panic sell their lives in record trade volumes. oh, christ!
The problem isn’t people looking to retire, it’s people currently trying to live off their investment income who suddenly only have enough capital to live for 17 years less than they had planned.
Or, for people who had invested for their kid’s education, who now find that there isn’t enough money left to pay tuition in September.
That’s true. I’m more concerned about the seven months’ worth of growth that was just wiped out in less than a week. And it’ll continue dropping this week.
The smug look on this motherfucker.
It’s almost like a shit-eating grin, like “is anyone really buying this bullshit?” kind of look.
Others I see wearing it are people like Jesse Watters and Benny Johnson…
Hoping to retire in 3-6 years. Incredibly concerned!
Honestly, I’d be starting a low-effort side hustle now, to supplement your retirement. Living 100% off money they control is not a safe plan. You need a backup plan they can’t take.
Lmfaooooooooo what a fucking dipshit
Don’t worry everyone. This fuckin’ guy gots it. Nothing to see here, please disperse
UK was ahead of its time with Brexit and Liz Truss/Kwasi Kwarteng. Economic suicide is all the rage now.
Yes the fuck I do.
Who needs money? There’s not going to be anything to buy in the shops anyway!
Keep shovelling shit dumb ass. There’s gonna be a chapter in the history books about you cunts.
