this post was submitted on 12 Mar 2025
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[–] [email protected] 171 points 1 week ago (2 children)

Maybe they should try more tariffs. More tariffs will fix it definitely.

[–] [email protected] 50 points 1 week ago

We just need to hawk more $100k Teslas from the White House. …what a fucking embarrassment.

[–] [email protected] 26 points 1 week ago* (last edited 1 week ago) (2 children)

Yo dawg, I heard you like tar~~r~~iffs...

Edit - Sorry... I'm usually better than that

[–] [email protected] 10 points 1 week ago (2 children)

Side note, why do people seem to struggle so much with the spelling of the word "tariff"? We've seen it so many times yet so many people get it wrong.

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[–] [email protected] 119 points 1 week ago (3 children)

Tbh Wall Street can fuckin off. They helped create this mess. If this ship is going down, let's make sure none of the assholes find a seat on a life boat.

[–] [email protected] 102 points 1 week ago (24 children)

All of everyone’s retirement accounts are invested in the market. So it’s not just those assholes who get fucked by this.

[–] [email protected] 92 points 1 week ago (1 children)

In fact, those assholes will be fine. WE won’t.

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[–] [email protected] 19 points 1 week ago

Lucky me, I don't have any retirement investments!

[–] [email protected] 13 points 1 week ago

Maybe it will force Americans to do something against that? If no one has any retirement, there's bound to be a lot of public outcry. There's nothing to lose if you have nothing.

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[–] [email protected] 22 points 1 week ago

Oh you can be sure Congress will be working overtime to pass a bill with relief to those big businesses that cannot fail.

[–] [email protected] 10 points 1 week ago (3 children)

You think they aren't already profiting off of the downturn?

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[–] [email protected] 90 points 1 week ago (2 children)

What's interesting to me is that the "shape" of the line still matches the global line pretty well so there are some "fundamental" aspects that still affect markets, but overall we're in a nosedive for "some reason."

[–] [email protected] 68 points 1 week ago (3 children)

Any Americans tired of winning yet?

[–] [email protected] 35 points 1 week ago

I can’t handle being any greater.

[–] [email protected] 16 points 1 week ago

So very much

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[–] [email protected] 63 points 1 week ago (4 children)

Here in the US, I transfered most of my 403(b) investments into European, Asian, and "emerging market" funds, so I'm happy to be doing my part.

[–] [email protected] 14 points 1 week ago (1 children)

any guidance or resources for an idiot who would like to explore that?

[–] [email protected] 33 points 1 week ago (1 children)

If you have a 401(k) or 403(b) through your employer, your employer should be partnered with an investment firm to manage it (e.g. T Rowe Price, Prudential, or Transamerica). You need to figure out which company you've got and log in to your account. Ask your HR dept if you can't figure it out.

That firm will automatically choose where to invest your money unless you log in to your account on their website and tell them where you want it invested.

Most investment firms will offer a limited selection of mutual funds with a variety of objectives. They usually link to each prospectus right there on the site, and the prospectus often has a pie chart telling you where a fund's investments are located (US, Europe, Asia, etc). It will also list their performance over time, expense ratios, and other useful info, like whether they invest in large vs small cap businesses and their largest individual holdings.

You want to change both where your current investments are allocated and where your future contributions will be allocated.

You also want to try to find funds with low expense ratios (I try to stay below 0.10% unless it's a fund I really like and am willing to make an exception for). Anything titled "index fund" is likely to be low. Your money is almost guaranteed to be automatically invested in funds with high expense ratios, cutting into your long-term growth, because the investment firm makes big bucks giving your money to people who aren't wise with it.

If you want to get serious, you can even set up a personal choice account where you can totally independently decide where to invest your money, even in individual stocks. This comes with significant risk and is not a great idea for laypeople like you or I.

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[–] [email protected] 10 points 1 week ago

Fuck, that’s a good idea.

Thank you.

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[–] [email protected] 56 points 1 week ago* (last edited 1 week ago) (4 children)

Okay, here's my conspiracy theory....

Now let's say you're Trump and the supreme Court has said it's just about impossible to convict somebody of corruption in the US. You see that you're going to be elected president and your goal is to figure out how to make a crap ton of money off being present. Now you can do the boring old s make dignitaries stay at your hotel thing or have foreign governments. Give Jared kushner a bunch of money.... But that's all pocket change. If you're president, you can crash the economy. If you know a bunch of Rich Russian oligarchs who can short the market and you can tell them exactly when the market will crash then they can make billions... And you can get your cut too.

This is why Trump doesn't really give a shit why the tariffs are in place. That's why he makes up bullshit answers when asked why the tariffs are implemented. He doesn't care. ... But he really really really wants to yank the market around. First he says tariffs happening, then he says they're not, then they're happening again. Every time the market goes up and down he can make a shit ton of money if he can accurately predict when it goes up or down.

I can't get this idea out of my head. It makes more sense than anything else I can come up with. There's so much money to be made if you have the power to yank around the u.s. economy and enough narcissism to not give a shit about the people hurt in the process.

[–] [email protected] 13 points 1 week ago (7 children)

What I’m wondering when reading such theories is: does money matter all that much to these people? Like when you’re 80+ years old and a billionaire I don’t see what the end game there is, unless it’s just an uncle Scrooge attitude but I still find it a bit hard to believe. I think that in order to become a billionaire you need to be seriously driven by something more than 0s - maybe power, influence or attention.

[–] [email protected] 22 points 1 week ago* (last edited 1 week ago) (2 children)

You've got to step back a little to understand.

The key thing is that it is not possible (excluding inheritance) to become a billionaire without being a scheming psychopathic cut-throat selfish person and having a determined drive to have power over others.

The second key is it's not possible to keep your billions without being a psychopath. This because you could never possibly spend that money in your lifetime and the only way to have accumulated it is through exploitation of labour.

So it's a thing you don't need that you got via abusing others. They want power and they don't care how they get it. They have no plan beyond that. Personally I think it's mental health issues and the fact that we allow this in our flawed system.

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[–] [email protected] 51 points 1 week ago (1 children)

How dare Biden tank the economy while trump is president just to make him look bad! Any day now, all these incomprehensible tariff ramblings, threats, and further ostracization of our allies are going to make America so great! /s

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[–] [email protected] 36 points 1 week ago (1 children)

Despite all the myths Democrats are better for the economy. They always produce better numbers.

[–] [email protected] 11 points 1 week ago (21 children)

rich ppl yacht money "economy", sure

[–] [email protected] 14 points 1 week ago* (last edited 1 week ago) (8 children)

Uh no? Compare employment numbers from whichever source you prefer. Democratic presidents have lower unemployment.

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[–] [email protected] 34 points 1 week ago (3 children)

This is going to be a hard one to explain to the MAGA fans

[–] [email protected] 42 points 1 week ago

why would Joe Biden do this

The stock market was bloated

Actual trump regime statements

[–] [email protected] 33 points 1 week ago

It's ukraine's fault. Should've thanked harder

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[–] [email protected] 32 points 1 week ago

slams fist on desk

Biden!

[–] [email protected] 32 points 1 week ago (5 children)

You need to extend the graph beyond January. The US has been riding an enormous localized wave that crested shortly after Trump's inauguration. American securities (particularly the MAG7) are enormously overvalued, with revenue that is dwarfed by their stock price.

This is a much-needed market correction, not a regional stock performance split from within the US.

Not even suggesting Trump isn't shit. Its very obvious that he's popped the irrational optimism bubble we've been gliding on since even before COVID hit. But we were in a bubble. DOW 43k, never even mind the absurd NASDAQ run up, is not representative of the functional economic capacity of the nation as a whole. Without unlimited free money from the Fed to keep inflating asset prices, we were going to enter a downturn sooner or later.

The real question is whether the DOGE Team will kick the knees out from under our Treasury/Fed countercyclical spending system on the way back to earth and cause us to land harder than necessary.

[–] [email protected] 11 points 1 week ago

Absolutely wild to look at this graph and say 'welp that's the correction we've expected and needed for a long time' when it is quite clear it's a reaction to Trump's totally unnecessary trade war and the uncertainty he is (intentionally?) injecting into markets. There is no reason to expect that if there had been a different President elected, this outcome would have occurred.

The even broader point is that there are a lot of people invested (literally and emotionally) in a continuing bull run. That doesn't mean it's a good idea, but suggesting that Trump or even less likely, DOGE have some master understanding of the economy and are doing this for its long-term health is an absolute fantasy.

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[–] [email protected] 30 points 1 week ago (3 children)

However much pain we're feeling and will be feeling, as a nation not individuals, we deserve oh so much more for our inhuman crimes in the name of capitalist private profit. We destabilized entire nations trying to become societies solely to maintain access to their resources for our capitalist's exploitation.

Every American better hope nation state karma doesn't exist.

[–] [email protected] 20 points 1 week ago (6 children)

Oh fuck off with this "deserves" bs. Everything listed on that infographic happened before I was 18. I don't "deserve" any of this.

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[–] [email protected] 25 points 1 week ago (1 children)

Not just the great depression but the greatest depression ever in history, I mean the biggest, noone ever caused a bigger depression

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[–] [email protected] 19 points 1 week ago

Damnit, I came here to blame Joe Biden, but it seems like everyone else beat me to it. Oh well, time to go tariff some more countries and then act shocked by the results....

[–] [email protected] 16 points 1 week ago (1 children)

Let’s call it the Trump Effect, shall we?

[–] [email protected] 17 points 1 week ago (1 children)

Let’s call it the Trump Slump

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[–] [email protected] 13 points 1 week ago* (last edited 1 week ago) (2 children)

Is there any chance for a future where the economy that matters, real people's lives, production of useful goods and services, becomes decoupled from imaginary evaluations of billionaire's gambling results? It really rustles my jimmies when I hear that a result of some banksters bet can get working families evicted and jobs dissapear.

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[–] [email protected] 12 points 1 week ago

To be fair, showing no historical correlation and just assuming the problem or separation started this year because it's specifically indexed to the start of the year, is garbage math. Like, you got the correct answer, but you did the problem completely wrong.

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