[Pain] HUGE, self-inflicted Recession incoming due to Trump/Musk

So it's a failure because they haven't cut $2 trillion yet? Give me a break. You have to start somewhere, and DOGE is cutting hundreds of billions worth of waste, fraud, and abuse. It's a great start. And with the deregulation and tax relief on the way, the economy will roar and tax receipts will rise. Finally we have a President committed to shrinking the budget deficit. This will lower inflation, as we print less T-bills to finance our deficits... Biden had us on such an unsustainable path of deficits... which is why inflation was so high. Starting to come down nicely under Trump. Today's numbers were great. Man, it's nice to have competent executive leadership again!

GOOD DAY

 

This isn't unique to the USA, this has essentially been the formula for thousands of years. It is also the formula that China is trying to emulate.

Honestly, the war in Iraq and Afghanistan, coupled with supplying weapons to Israel have a lot to do with the difficulties that the world and that the USA is dealing with. There was entirely too much focus on that part of the world by the USA and the West, and not on other areas. The handling of Russia for example by the USA was terrible, as well as failing to build stronger alliances in places like India and even China to an extent.

It is a red herring and always has been.

There are massive companies today - but they are just different.

Someone was always going to enter the space, and they have been for sometime.

Every 20-25 years some massive innovation happens and the US has been at or near the forefront of it - the world is transitioning and we will see what happens.

There is no reason to believe that the transition into the new era will be any more or less painful than all the other era transitions that happen every 25-50 years. It is just uncertain.

I remember 30 years ago very educated people believing that the USA would be economically crushed by Japan - and then after that the claim was thew EU - now it is China.

The unknown and lack of security scares people, but the USA has a massive advantage transitioning.

 

Wow - Trump named Tony Kornheiser the Treasury Secretary.

 

TJ is my alt. I have decided to take him on an anti-intervention pro-labor, anti-free trade populist persona. Neoconservativism got old.

(jk)

 

LOL, with the firing of all apolitical appointments, you still trust the government numbers? Did I do that right?

Tariffs (along with mass layoff of federal workers) can have two main outcomes that have been discussed: they can raise prices by increasing the cost of imported goods, but in some cases, they could also lower prices, depending on market reactions (eg deman side). The timing of these effects might not be immediate. For example, when demand shrinks, prices often fall as well. This is why a moderate level of inflation is generally desirable, along with a growing GDP.

GDP has been revised downward, and the chances of inflation are going up. Wall Street is usually a leading indicator, but today, even a "good" inflation number isn’t having much of an impact. This could be because the market is more focused on other economic risks, like government-pushed instability, trade wars, and the increasing risk of inflation.

 

Doing his job on the economy.

 

Invest in crypto.

Weaken govt.

Silence and punish opposition.

Privatize social security.

Invest it in crypto by force.

Then sell for profit.

If it happens DD is right (about measures to be taken lulz). Always been right.

Good luck

 

I think the point-by-point plot from Mr. Robot fits better. Doesn't need a genius hacker. Just a hacker wannabe who thinks he's saving the world with Dark Enlightenment ideas cooked up in some incel's basement.

- Genius well-to-do hacker accidentally ruins the financial system because he loved movies like Fight Club and The Matrix.
- The "powers that be" take that crisis as an opportunity and mints an official shitcoin to save the system from the hacker's chaos.
- The new system gave greater control to world leaders who decided their god complex wasn't stroked enough at this point.
- Power struggle ensues on how to "reshape humanity for the greater good"
- Genius hacker tries to fix the system.
- After a lot of filler, hacker realizes he was diddled by his dad and his daddy issues was the reason the whole show existed.
- waitwut
- kthxbyeeee

 

Yee, I'm crazy, couldn't happen. Would never happen. No examples of govt working with private companies to **** people over.

Wait, here's just 1 niche

• Kentucky Teachers’ Retirement System (KTRS) – Lost millions in high-fee hedge funds.
• Texas Teachers Retirement System (TRS) – Invested in risky private equity with poor returns.
• California State Teachers’ Retirement System (CalSTRS) – Lost billions in mortgage-backed securities during the 2008 crash.
• Rhode Island Pension Fund – Shifted to hedge funds with high fees and low performance.
• Bernie Madoff Ponzi Scheme (2008) – Public pension funds (including teachers’) lost millions through indirect investments.
• New York State Common Retirement Fund (NYSCRF) – Officials took bribes to invest in fraudulent hedge funds.

Social security is about to be privatized and held hostage by Elon and co. Good luck

 

Yeah I've seen those documentaries online where these flyover goobers elect one of their own to manage a hundred million dollar pension fund with nothing more than a show of hands. Decades later, the times and rate demands change but exec money mgr Gomer Pile's still sending funny chain mail CCd to everyone in the office.

In comes the devil like Goldman or Jamie Demon promising to recoup losses and get back on that 8% track and we now have centibillion dollar money pits in need of bailouts.

My gut hunch is that crypto is their exit strategy when that dirty phrase Financial Repression is commonly talked about

 

Geez. It took him 4 years to **** the economy last time. He learned his lesson and isn't messing around this time.

 

Mrs. rimrocker and I are headed out to buy up all her favorite European wines before the prices go up.

 

Why does BlackRock hate America? ****ing commies.


BlackRock CEO Larry Fink sounds alarm: "The economy is weakening as we speak"

 

If he tanks us now.
It can only get better in year 4 so Vance can claim they fixed it while he is in full campaign mode.

Just spitballing here.

 

everything is on a silver platter for the Democrats, and they’re still fumbling

 

Do you realize how crazy this sounds? Do you realize what you're saying ? Owning the libs by making everyone poor.