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Posted

Some say The Great Depression was big. We’re going to have The Greatest Depression. It’s going to be so much bigger and it will be beautiful, bigger than anything you could ever dream of. Just think about how beautiful that sounds, The Greatest Depression.

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Posted
58 minutes ago, royiv said:

Some say The Great Depression was big. We’re going to have The Greatest Depression. It’s going to be so much bigger and it will be beautiful, bigger than anything you could ever dream of. Just think about how beautiful that sounds, The Greatest Depression.

The Make America Great Depression 

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Posted

It's unbelievable how many dumbass accounts I've seen showing the market down 2K points and blowing the time range out 30+ years acting like this is a nothing burger. You ain't seen nothin yet you fucking morons.

Posted
Just now, Francisco 2.0 said:

This seems bad.  Maybe the financial folks on here can elaborate:

 

 

 

https://www.jpx.co.jp/english/derivatives/products/domestic/topix-futures/index.html#:~:text=TOPIX Futures is a stock,Stock Price Index (TOPIX).

Its like one of the major indexes domestically hitting a circuit breaker. 

Circuit breakers halt trading for a certain period of time to keep markets from going hysterical and melting all the way down so it isn't just a panic driven event. 

Its very bad if it continues down steep after the circuit breaker. Eventually they will do what Putin did and just close the stock market and halt trading so no one can melt it down any further, when you do this it makes your exchange basically junk though because there is no liquidity and the market is so unstable it's hard to build confidence back in 

Posted

In 1980, the U.S. share of world GDP was right at 25%. That's where it is today. In the meantime, we got so rich that we have to have mini-storage warehouses, which barely existed then, to hold our stuff, and the rest of the world got richer, too.  Mission accomplished.

Until now. 
 

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Posted
2 minutes ago, Firemans4Horn said:


 

Does this moron know the difference between a surplus and a deficit? 

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Posted
Just now, royiv said:

Does this moron know the difference between a surplus and a deficit? 

That could explain his ability to bankrupt a casino, amongst other business ventures.  It would also maybe be a bit of a black eye for the Wharton school of business, to graduate such a student.

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Posted
1 minute ago, Pato del Muerto said:

 It would also maybe be a bit of a black eye for the Wharton school of business, to graduate such a student.

The Gentleman's C for admitted students is no myth.

Posted

I listened to Bloomberg for about an hour as the futures markets were getting ready to open.

An occasional talking head would start babbling about, “We’re not sure if it’s negotiation tactic, or Trump means this…., surely he doesn’t mean this.”

Everybody else: “He has it in his head that tariffs are a good thing and will bring in a lot of money that he can use for his pet projects, like tax cuts. “

The consensus was while this may go away, it won’t go away for months, and after months, it won’t make any difference, cause we will be so far down the path that we are in recession and possibly stagflation territory.

Whether it is because it has last term, or whether it is because he’s looking forward to being dictator for life, he apparently has abandoned all attempts at political consequences.  His fat ass playing golf while Rome burns is something I would’ve thought even that ass would not do.  

I am pleasantly gruntled.

 

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Posted
17 minutes ago, royiv said:

Does this moron know the difference between a surplus and a deficit? 

I think you know the answer to that question.

Posted
1 hour ago, Francisco 2.0 said:

 

 

All those low cost goods and 3ish-5ish% unemployment rates outside of the Financial Crisis and Covid have been a real beating for the last 25 years.

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Posted
1 hour ago, Biff Tannen said:

Congress could stop this if they wanted to. Crickets. 

Sheeeeeeeeeeeeeit, Republicans could have stopped all of this in January 2021 if they wanted to.

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Posted

I just keep going back to our already awkward Thanksgiving this past year deep in the heart of Trumplandia. I did not bring up politics once, but I did overhear my brother say something to the effect of 'when the economy turns back on this Summer work will pick up'. I replay that sentence over and over in my head. What in the ever loving fuck did he read that made him think the 'economy was going to turn back on' this Summer? I know my family is mostly financially illiterate and have little to no investments, but everyone with a brain could see this coming. Work doesn't 'pick up' when people are losing 25%+ of their life savings.

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Posted

 

Awesome. He’s back to the “tariff $ flowing INTO THE USA” shit, because he knows that a fuckton of Americans don’t know any better.
Posted
Just now, Firemans4Horn said:

He’s dead on Wall Street and internationally. Hold on to your butts. 
 

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Will Grace Debbie Reynolds GIF



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