Kinda sucks having a generation of spoiled narcissists in charge tbh.
this post was submitted on 09 Apr 2025
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You forgot "lead-addled"
Some of them could use more lead imo.
Lead-deposed
Three generations of spoiled narcissists coasting on what the Greatest and Lost built.
Can we take a break from daily historic events a little bit?
So now we're on to "decades where centuries happen." :/
This isn't the first time in the last century we've had a big economic crash and a wave of anti-immigrant sentiment cresting into a paramilitary response. Hoover's Great Depression and the OG Immigration Quotas system, Eisenhower and Operation Wetback along with the Recessions of '53 and '58, Nixon's Stagflation and border closure with Mexico, Reagan's S&L crash and closing the border with Mexico, Bush Jr's Great Recession and border crisis...
Pretty much every Republican Presidency delivers two things.
Sorry, you are cursed to live in interesting times.
If only these times were actually interesting and not just a pile of stupid bullshit.
I hate that now I have to reframe all the history stories I've ever been fascinated by, now that I know how easily we discard reality as an entire species just for no fuckin reason. Now that I know exactly how dumb we all are as a collective, I have to apply critical thinking to every epic story about wars and kingdoms and great deeds. Even the ones with "valid" historic records are very likely pure bullshit covering up the most stupid goddamn things imaginable.
Hannibal crossing the alps? Probably was total BS. No elephants, probably didn't even do it himself, probably wasn't the alps, it was probably some row of hills behind Hannibal's golf course.
Best I can do is a once in a centuries empire collapse.
Remember the 80s recession? GenX remembers.
Millenials born in late 80s or early 90s may not remember but it could still have affected their childhood.
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This cycle of republicans wrecking the world, then democrats quietly, meekly fixing the mess after like a battered wife, it goes way back.
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4th "once in a lifetime" crash, SO FAR...
more like
Like two three years ago when they told us there might be a nuclear escalation.
Millennials: eh shrug maybe not
You should expect about one recession every 5-10 years.
They are all "once in a lifetime" in their own way if you want to sell news headlines.
The covid one is really the only one that really stands out as being a unique naturally caused crash, but what makes it most unique isn't the market stuff at all.
This one has been just waiting to happen for a while, but this one being intentionally caused is fairly unique, I guess.
The size of the dotcom + great recession combined is fairly unique, making immediately before the dotcom bust one of the worst times you could have retired in the US since at least the great depression. But that doesn't affect millennials directly and it's the affect of two back to make crashes.
Yeah, the Trump Recession (we hope not a full-blown depression) will have been uniquely caused as well. Definitely one for the history books.
Meanwhile, genx:
Yeah kinda. We've gone through everything that the Millennials have plus some.
In my years, I've lost a home, two cars, four careers, buried 5 close family members including parents and a sibling. Been an alcoholic, recovered. Had severe depression. Recovered. Had Nearly lost my partner to illness and helped her learn to walk and eat again. Been so broke a few times that I was stealing water from construction sites so we could flush our toilet. Laid to rest a dozen beloved pets. Said goodbye more times than hello.
I'm back on my feet, starting over. Again. A little wiser, a little more battered and scarred up, a lot more tired. Missing a few teeth and all my hair, but still going.
The world right now is a massive mess, don't get me wrong. We're in real trouble. But at this point I don't think anything short of an actual band of raiders with halberds chasing me down through the woods is going to end this ride for me. At this rate, might happen.
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Throw gen z in there. We start at 1997
When I was a teen, I said life was too boring and maybe someone should start a war or something to spice things up.
Fast-forward to:
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russian invasion of Ukraine
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Hamas-led Attack on Israeli Civillians and subsequent Israel-led Genocide in Gaza
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Coup Attempt in South Korea
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Transition to fascism in the USA
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Trade wars against the entire world
I DID NOT MEAN THIS 💀
I've learned from being an adult through four crashes.
My portfolio has literally done better this month than any month in its history. 🤷
Edit: doubt or hate all you want lmao. Not here to argue.
Press X to doubt
I believe it.
The lesson I learned growing up in the 2008 crash, and hearing about the dotcom bubble, is “the finance guys will screw something up, they can’t help themselves.” Hence I have a small, long term short against the Russel 3000 in my portfolio to “counterbalance” random whole market nonsense. Not as extreme as OP, but I can totally see someone being cynical and shorting a lot at the start of the year.
Prior to inauguration day, I balanced my portfolio to favor bets against the s&p 500 (SQQQ, TSLZ, SPXS, ...)
I kept enough of my exposure to the s&p 500 to not be an idiot here. Basically while the s&p went down $1, I went up about $1.25. and also the opposite.
Then, as my assumptions appeared correct, I starting making aggressive puts against DJT, RDDT, and many others. Employing a common bear market technique referred to as "shopping for lottery tickets."
But whatever, haters gonna hate. :)
TSLZ
Heh, I wouldn't have done this. I figured Musk would just prop up the stock from the White House, but I underestimated everything.
But whatever, haters gonna hate. :)
That's how Lemmy be.
I suspect downvotes could be for simply being in the stock market, and coming out on top, not just doubt that you did. A kinda "you capitalist pig" sentiment. Which is understandable, but...
No doubt he (Elon) has (propped up the stock from the white house), and is. TSLZ has been a wild ride. But every time I consider getting off that roller coaster I just say "nah. Fuck him." And let it ride. I only put $1000 in TSLZ and that's like $2500 now I think. Idgaf if I lose all that; that's now a principal investment :)
And yeah you probably right. But anybody who has a full time job and a 401k is out here mindlessly investing in TSLA through their 401k, I'm out here trying to take money out of Elons bank.
And to those that don't have a full-time job and are, I guess for lack of a better word, otherwise envious...
I built my own stock portfolio on ~$20 a week out of a part time check from a brewery, starting in 2009. Y'all can do the same (well actually, we'll see...). Vote with your dollar, etc.
Vote with your dollar, etc.
100%.
I'm in the Warren Buffet/sorta Motley Fool camp on small time, long term stock holding in a few companies you see doing good things, putting in bit by bit.
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lol ok not here to argue or prove anything.
Today's not looking good because Donnie is giving a talk and DJT is getting another bounce, but if it sinks back below $15 before May, I'll cash in another ~$10k.
The last three years have produced some of the most outrageously good returns in the market's history. Like, throw your money in the S&P and get 25% ROI any-idiot-can-get-rich levels of good returns.
What the hell have you done with your portfolio that you missed all of it?
Maybe they've just put everything into those 5x short s&p500 ETFs
Not everything. But yeah, I used them to buffer damage my portfolio would have otherwise taken, and then made aggressive puts against highly volatile stocks like RDDT and DJT. Bought dumb sounding options for pennies, selling them for dollars.
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Pretty early to use "surviving" as a verb.
I’m gonna get fired for being room temperature one day.
I wonder if it was intentional in the original…