Panicked CEOs left 'scratching their heads' as Trump ignores their warnings: WSJ
Summary
U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.
According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.
While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.
The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.
https://www.rawstory.com/trump-ceos-tariffs/Open linkView original on lemmy.world546
Comments165
How the actual fuck are people “blindsided” by this?
Maybe the leopards started with the eyes.
You ever talk to c-level execs? Many of them simply aren't smart. They're just very aggressive and confident which gives the appearance of intelligence.
A lot of times attractiveness plays a big role too. In modern corporate america being attractive will get you further than being smart.
Studies have shown that something as simple as being tall makes people be more likely to be looked towards as leaders.
A large percentage of them are the embodiment of the Peter principle
A-Students work for B-Students in companies owned by C-Students, which are financed by D-Students, while the hedge funds owned by the sociopathic F-Students short sell the whole thing to make sure they have enough spare cash to buy a new library wing at Harvard, so their F-Student-kids get in.
CEOs aren't the brightest.
Because folks do their 5 minute research by reading conservative mainstream news outlets and safe space enclaves that Tariffs are good.
Talking points to the contrary are not allowed, so they get to find out the hard way.
To be fair. The message they're receiving is that tariffs will hurt the people that deserve it. And they're absolutely right. But while they're suffering, so will the rest of America.
Remember that Trump lies about everything, often in both directions. Everyone knows this, including his supporters. That gives his supporters the mental freedom to make up whateverthefuck policy positions they like and find proof that they are Trump's real plan.
Donald Trump is the human version of a Bible. If you're a Believer, god says he will implement your Desire. If you're a Heretic, god says he will destroy the world. All with the same words.
Because they thought it would only happen to others and they'd be fine. Guess the leopard with a rooster hat is coming to roar and eat faces.
But... But... Genderless bathrooms! /s
He's a Russian asset, what do they think he is going to do anything that's in the US's best interest? He's here to burn it to the ground and line his pockets with what's not ashes.
Honestly at this point I don't know how anyone can't see the obvious.
What can we do besides impotently complain about this on the internet?
Build connections in your local community. Organize and elect your candidates at the local level
With all the anger about the dead CEO lately and rightfully angry people in glee over the violence, I truly think we could accomplish more with a general strike. Crash the fake economy built on fraud. If wall street looses billions a day in their fictional numbers they throw around we would show them real power. This would accomplish more than any dead CEO ever could.
Saw a post where the Trump administration is eyeing pulling FDIC from our banks! They already plan on crashing the economy. Stealing all your money, and making the US in Russia's image.
https://www.reuters.com/markets/us/trump-advisers-reported-plan-ease-banking-oversight-may-not-get-required-support-2024-12-13/
If we beat them to the punch we might still have our bank account money at least while their fictional money evaporates into thin air.
One thing the real rich people won't stand for is their money vanishing. If we hold out long enough the real wealthy will likely turn on him, hell he might fall out a window!
It's going to be hard to convince people to strike when so many of them are in massive debt and live paycheck-to-paycheck.
When you can barely feed your kids on what little you're paid, you're a lot less willing to strike. Especially if you aren't in a union and can be fired for it. And the corpos know it and rely on it.
Luigi even said that in the manifesto- economic protest isn't viable in this system. He's basically right.
So the plan is to wait till more people choose violence and hope that does anything but solidify the ruling class behind armed forces and impenetrable walls of security and eventually anonymity. To me that seems like a waste of valuable time, resources and lives.
Violence should be the last resort. I truly believe that general strike is the best option.
"Best option" does not mean "realistic option". I think you're correct. I also think we've been (intentionally) pushed to a point where we can't exercise that option.
Facts
I wholeheartedly agree it's a hard sell. What other viable non violent means do we have left?
Do we wait for the ruling class to crash the economy? The people will be even more fucked than they are now.
People are going to have to be willing to put themselves at risk or there will be no reward, only serfdom and abject destitute for all.
That’s the thing. I don’t think there are any viable non violent means left. Unless some magical unicorn leader gains power in the US and other countries the elites are tied to fast that is willing to wrench power from their hands through legal means, and looking at global political movements as they stand right now I do not think that is going to happen any time soon.
I do not hold out hope for enough people who are willing to make altruistic sacrifices for it to work. I lost all optimism I might have had when it came to America on the first Wednesday in November.
Fair enough, I haven't yet succumbed to apathy.
Understanding that violent means are the only realistic way to change things at this point is not apathy.
I never understood the whole “they won’t stand for losing money” tactic. What you’re asking them to do with a general strike is to relinquish their money to the masses and reduce the wealth gap significantly. They won’t do that. They will do literally anything, including forcing people back to work for them with violence from mercenary groups (or robot dogs, which is horrifying to me) before they submit to the will of the people. A general strike would be a good step, but if you think it will go over well for the working class without any bloodshed then you should learn about how the elites have treated striking in the past.
It wasn't the poor oppressed peoples of Rome that undid Caesar, it was the disaffected members of the elite.
The best option for the least bloodshed it to force the hand of those in power to act in their own self interest. If their best option is getting rid of the source of their problems in an attempt to retain the money and power they have they will stab anyone in the back to get what they want.
We need to split their class solidarity.
Much easier for them to do to us than vice versa. They know this.
Also people keep using Rome as if things aren’t drastically different this time around.
It was said below but I really think that there needs to be more people that are willing to run for office with a more progressive message.
I know it's not as sexy as revolution or CEO-cide but it really is a better way to make changes without fucking the country up completely.
So how the fuck do you run for office ? I don't know but there are resources that can help. If you don't want to run that's fair but as you mentioned the time to just sit around and bitch online in an echo chamber is done. Progressives are going to have to find a way to make their voices heard and in a way that isn't talking down to people.
Note: I get the anger and the desire to want to scare the fuck out of the ruling class. But murder isn't the only thing that the ruling class is scared of, they also don't want people to vote for their own self-interest. They don't want the people to demand billionaires pay more in taxes. And a significant group of progressive politicians would scare the shit out of the established ruling class.
They thought they’d vote anti-tax first, then pushover trump on the tariffs when they had the time. Looks like they were wrong.
More faces being eaten.
If this was his first go-around I could see some rationale to that idea. But holy shit, has there been a case of collective amnesia among business 'leaders'?!!
They knew exactly what they were getting. Because we've seen all this before. Usually this is the definition of madness. But in this case it should be the definition of stupidity.
This same surprised Pikachu shit is going to happen over and over and over again over the next 4+ years. Even right now, the media keep assuming what he says is what he will do. And I have no idea why. He demonstrated in his first term that at least half of what he promises he either backtracks on he doesn't follow through on. Why they think things will be different this time is beyond me.
Business leaders in the last decade or 2 have increasingly been laser focused on nothing beyond the next 6 months - AKA short term returns.
The long term survival of their business or what has happened in previous years are simply not part of their thought process when the next quarter's profits are all that matters.
The one singular upside of Cheeto 2.0 is that I'll get to enjoy some guilty schadenfreude as the face eating leopard starts eating the faces of the party-for-face-eating-leopards.
This guy has tanked all of his previous enterprises due to his poor decision making and lack of knowledge. What in their right minds made them think this would be any different?
Maybe your dumb asses should have been railing against this a long fucking time ago.
Right? I realized 20 years ago that trying to vote your way out of a system that’s democracy and media was controlled by the elites was a crock of shit.
Anyone else feel like the goal IS inflation?? I feel like they're trying to contrstruct a Weimar Republic situation with this to push people further right. I hope I'm wrong, but this feels like they're really trying to come up with an excuse to kill a lot of people.
My belief is that inflation benefits trump personally since it devalues the mortgage debt on his real estate holdings, while increasing the nominal value of those properties.
It's all about that sweet sweet crypto.
And bankrupting the US.
The guy that put Vance in the white house, musks buddy, PayPal mafia alumn, dark-right libertarian tech bro, Peter Thiel, is betting on btc hitting 4 million (but the dollar needs to collapse - as planned)
Lots of movement from red states and R Congress critter toward btc these days, too. Surely coincidental.
I posted a lot of links to his own words, goals, and plans, and to reports about his doings.
https://lemmy.ca/comment/13364820
He's probably the most powerful person most people have never heard of.
Oh, and another thing people don't like to hear: the bilderberg are real, and he's one of the guys who does the invitations and decides which topics are discussed.
https://www.bilderbergmeetings.org/background/steering-committee/steering-committee
https://en.wikipedia.org/wiki/Category:Members_of_the_Steering_Committee_of_the_Bilderberg_Group
https://www.inverse.com/article/25317-peter-thiel-bilderberg-group-donald-trump-new-world-order-conspiracy
buys $20 BTC
Well, if it ain't getting any better... Don't hate the player, hate the game.
I've hedged some of my bets on evil.
A matter of survival if worse comes to worse comes to Armageddon.
When we get to Armageddon, no hedged bets are going to help you.
The German corporate elite thought they could control the last guy as well...
Didn't he literally campaign on these tariffs?
Where were these titans of industry in October?
Link
Yup. This is not a new thing. If these guys had lined up to say this at a microphone during the campaign it could have had an impact. But no, they thought they could just control him after the fact. After having seen how uncontrollable he was during his first term. This is what happens when you equate wealth with intelligence. You get dumbasses who think they're playing 5d chess.
They thought they could control the guy who stared at the sun during an eclipse after he was told if he did, he might go blind.
You can't control Caligula.
Looks like Americans are about to go through their version of brexit. Good luck, it's going to be rough.
Those are nothing alike. The UK has become an empty shell of its former empire. It lacks the access to resources for a closed economy and the military strength to steal them elsewhere.
For the US it is possible to return to a closed economy. The way Trump would do it is stupid and it would fuck over most Americans, but the end goal of a closed economy is viable in principal. For the UK it was impossible to achieve anything out of Brexit.
The only way the US could return to a viable closed economy is if the world jumped into a time machine and went back to the 80s.
Over here in the UK, whilst Brexit is an absolute clusterfuck and was always going to be, it was never the plan of even the most Faragian of people to enact a closed economy.
I don't think any Westernised economy could successfully run a completely enclosed economy anymore.
We probably could ramp up some production here to survive this. But for it to actually work the way it's proposed the general population will need to give up certain luxuries that are only available via import. And I can't see that ever happening. The average American isn't going to sacrifice anything for the greater good.
That would be glorious! But I'm seriously scared for Ukraine and Europe while Amexit happens...!
Might be a bit of a contrarian take, but at this point I think Trump needs to have a gigantic fuck up to drive people to the streets in anger, South Korea style. One of those 'we need our medicine before we can get better' moments.
For some reason tens of millions of people buy his "'I'm the greatest - only I can save you - they're evil and stupid" rhetoric.
So it's going to take a truly epic fuck up that he can't bullshit his way out of - and that the media can't ignore - for people to finally see that him and his cronies are all gigantic pieces of shit.
He did have a gigantic fuck up. He fucked up the response to covid-19. Badly. And how much did his fuck up make the situation worse in the rest of the world?
74 million people still voted for him in 2020. During and immediately AFTER that fuck up.
Yeah, but the alternative was voting for a woman, so...
There wasn't a woman running in 2020.
January 6th has entered the chat...and quietly left unnoticed.
His entire first administration was a series of such fuckups. I am not hopeful that consequences (for him) are ever coming.
I don't think that's possible, unfortunately. I'm pretty sure he knows he can get away with anything, and his stupid fans will still gladly follow him. He will put the blame on someone else, every time, and they will believe him, every time.
South Korea wasn't in a cult for that leader AND what he asked for was essentially what... Something that equated to the build up to January 6th, without even a January 6th style failed coup attempt to show for it.
No, they did what we should have. We failed.
South Korea values education. The Republican party has been destroying the public education system for decades.
So south Korea does not have as many braindead people as we have here
This is the whole issue. Republicans, a cult, can only exist in pretend political party form because they have convinced their base that literally--literally--anything that has a big ol REPUBLICAN label slapped on it is the highest moral good.
They see children getting murdered in cold blood in schools and take the side of the guns. I should probably repeat that four or five times with varying emphasis.
Trump could bomb an orphanage, brag about it, and within a week Fox Lies & Propaganda would be running stories about how the orphanage made a mistake on its taxes that was falsely flagged as fraud, and how orphans might become criminals.
It won't undo the current disaster, but the real path back is probably more like talking to one person who's trumpy but still somehow you kind of like anyway, with a tone of...come on now. Are we serious with this? You see this for what it is, right? You gotta put a stop to this, it can't go on. Or just plain old Lakoff advice about getting your racist grandpa to tell you a story at thanksgiving of a time he helped somebody. This is one step in restoring his brain to its unpoisoned-by-conservatism state.
You gotta attack the foundation of fascism and conservatism, which science seems to think you do with empathy.
If this could have happened it would have happened during covid
Trump accelerationism, lesgo
I hope he ruins all of them. Every last one.
You had four whole years of Trump to realize he never jokes around, he doesn't bluff, and he's never going to pivot, change directions, or admit he made a mistake. He means what he says and there is no nuance or subtext.
There were also guardrails to stop his half baked schemes from being implemented, or people with integrity in career positions that had the hard option of saying no.
I'm just worried this time he will tell his head of the EPA to make the sky that color.
And the head of the EPA will.
My only solace is that Trump kills everything he touches and betrays everyone who is loyal to him.
In some regards, I hope so too. The old Fuck Around and Find Out bit. The fucking MAGAts will look like deer in headlights when the economic freight train derails and crashes.
I'm already stockpiling popcorn.
Did you only now notice that he only cares about himself?
And he's mind-bogglingly stupid on top of that.
Americas leader and figurehead.
Truly a man of the people.
You let the fox in the henhouse. Why would he listen? He's not planning to win over hearts and minds
Wait, what CEO is surprised that Trump won't look at data and make decisions on that? Anyone this foolish should have their stock shorted.
"we thought we could control the face eating leopard."
Honestly yeah they still see him as corrupt and able to be bought. He is except where he isn't. He can be bribed like a 5 year old can, he'll take the money and like you more because of it, but his whims will always come first
Trump doesn't look at data. Ever.
Doesn't surprise me, but I guess I'm not a US CEO.
I'm not even sure he can read
He has already shown them what he wants them to do.
Just donate $1 million to him and he will help your business
It was a billion.
See? The poor billionaires suffer inflation just like everyone else. /s
I was wondering this morning as I was scrambling my eggs just how many of the grossly unqualified billionaires that Trump is trying to nominate to cabinet positions paid for those positions?
Donate enough and you get a cabinet position.
Donate even more and he'll create new fake departments for you.
All part of Putin's plan. He probably gave him the advice on tariffs.
"If you burn America to the ground, I will let you rule this ashes."
hell for all we know, that was part of his concession for putin helping him get elected.
Prepare for Russian Oil Imports.
I wonder if in a Freudian slip the translator said "Self Sanctions" when discussing tariffs
Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.
The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.
Greedy pigs get fatter, the rest of us get leaner.
You understand he was president before, right? And that he did this before? Like, he's a totally known quantity, and he's going back to where he was in 2019.
this dude killed 300,000 americans and people are somehow surprised that he's unbothered by the prospect of killing untold vast swaths of people now that it's been demonstrated that he will never be held accountable for his actions
No, I had no idea he was president before. Thank you.
Nobody in the US is going to be making money when everyone else calls Trump's bluff and slaps a 200 percent exit tariff on goods to the US.
So a 1,000 dollar item will be 3,000 dollars when it hits US Customs and jump to 6,000 there because of Trump's import tariffs. They can support that all day long because they just hand the money straight back to their domestic company. As far as they're concerned they made a 3,000 dollar sale.
You might think we could just do without and use domestic manufacturing. But not only have we fucked domestic manufacturing in so many ways, this will apply to our food imports as well. So it's not like we can just refuse to pay.
As much as the farm subsidies have been criticized, literally starving isn't something we should have to worry much about.
Food we can do domestically just fine, as long as you don't care about coffee and tea. Even those I just expect we're going to make existing grounds/leaves stretch a whole lot farther.
I don't think it'll be as bad as some of Russia's hard times, but goddamn is that a long, long way to fall.
I'm more concerned about world politics. We're going to cede a hell of a lot of control of the world to Russia and China. It's likely that China claims an entire vertical slice of the Earth, standing in the way of a good chunk of world trade.
Categorically false.
Manufacturers will not make money. Importers will not make money.
Owners WILL make money. Mark my words.
The owners of what? Everything in the US is going to skyrocket in price. If they're a domestic company then their inputs are going to kill them.
The Peter Theils, the Blackrocks, various equity firms.
Just like wall street doesn't mirror main street, crashing economies can be quite profitable if you're in the right industry.
I see you're talking about them buying everything they can. That's going to be kind of hard when the stock market crashes though. While it can remain irrational, it cannot ignore companies collapsing.
John Pauson, Pauson & Co.
Made billions during '07-08
That's cute that you think that was a crash. It could have been one but they stopped it. They were able to stop it because businesses were still viable under it all. These tariffs run the real risk of making the businesses non viable which takes the base of the stock market out. A true crash that wipes everything out.
"Stupid CEOs are left dumbfounded when a greedy selfish narcissist who only listens to those who pay him the most is a greedy selfist narcissist."
I know CEOs are never the smartest people, but Jesus Christ. Milk spoiling in the summer heat is less obvious.
He said he was going to do this long ago, dipshits. "Seriously, but not literally?"
Just increase taxes on the wealthy...
All tariffs will do is put the additional costs onto the working class.
Working as intended.
I'd be happy paying higher taxes if they went towards things that benefit the community, like universal health care, improving quality of public education, etc.
You've got my vote. (I'm not actually allowed to vote in the US election)
authoritarian*
FTFY
I'm going to laugh so hard if Trump has an "apparent suicide" and at least one cop says it's not suspicious, if they can do it to whistleblowers who risk their profits, surely this qualifies?
Not saying it's likely, just that I absolutely will laugh, probably for days.
After the great depression, tariffs were implemented and failed to do anything other than fuck over the American people.
The event that finally ended the Great Depression was the United States' entry into World War II, which significantly boosted the economy through increased demand for war materials and created millions of jobs in defense industries. While President Roosevelt's "New Deal" programs aimed to alleviate the Depression, they did not fully end it. The massive production needs of World War II essentially pulled the US out of the Depression. The government spending on war materials created a significant economic stimulus.
So what you're saying is that World War 3 is necessary to save the USA.
Not saying that. I'm just saying not tariffs and then not saying other things.
Leopards, faces, etc.
Good, destroy eachother.
I'm just going to point out that the ultimate victims of this idiocy are the working class.
The wealthy will still be wealthy regardless
I'm just going to point out that the working class had the chance to vote against this and didn't.
The average age of an empire is 250 years, the US is 249 years old. The only solution to this might require a "significant restructuring"....
No they didn't.
The working class had the option to vote for keeping things the way they are, or dramatic change and hope for the best.
They voted for dramatic change, because the way things are isn't working.
Most people are politically tuned out, and just want to pay their bills and have some fun on the weekend. They see bills are getting harder to pay and what they can do on the weekend is getting more expensive. Like it or not, the Republicans did a good job spreading the message that a vote for them will make things cheaper somehow.
We know it isn't true, but we're both chronically online, somewhat informed, and statistically are likely to have an above average intelligence. We do not form a good cross section of the voting public. We voted against the tyrant.
But we're also both smart enough to know that we weren't voting for somebody that would actually fix any of those problems. We were voting against a dollar store tyrant and hoping for the best.
And, even if everything I said is wrong, nearly half of the working class did vote against it.
Hoping that everybody suffers because of the ignorant, short sighted decision of half of them is fucked up my guy.
Voting for dramatic change has a positive ring to it, which makes some implications falsehoods.
Voting for dramatic change that we have been plainly shown and openly promised will take everything that's bad about the system and make it dramatically worse, now that's something that's idiotic, and that's what happened.
Yes, they did, Trump was clear about his plan for tariffs. Being completely fucking ignorant about your country's political situation does not mean the information was not available or that the option to vote against it didn't exist.
Less than a third voted against him. A third voted in favour of this shit, and the last third didn't bother to show up.
I'm not hoping people suffer, but when 66% of the population either supported this or was indifferent to it I am not going to be emotionally invested when it comes to the consequences of their actions.
I am one person, 77 million people said they wanted this, and another 90 million said "this is fine". Who am I to argue with them? Let them have what they wanted.
They get to buy the dip.
Good to see nothing has changed in 40 years.
Can someone explain why no one takes Trump at his word?
From what I understand, is that his supporters know he lies, but they believe he is telling the truth about X, which is whatever his supporters think is the most important.
He is the embodiment of all of thier wishes they hear whatever they want when he speaks.
This is literally the most predictable outcome.
What are they expecting, exactly? Even Musk was saying a day before the election that Trump was going to tank the economy. I'm sure Trump will just say "things are going to get worse before they get better, but believe you me when they get better, you're all going to be filthy rich!" The typical Trump supporter will assume he's talking to them, but he'll only be talking to those who are already filthy rich.
Man... Side with Trump, side with CEOs. This is one of those "Can't both teams lose" situations. Ha
When the economy tanks, stocks plummet, and a million people lose their homes, these assholes will buy up even more houses and stocks cheap.
Then they'll end the tarrifs, pat themselves on the back for saving the economy, and sell high.
They want you to think that they didn't know this was going to happen. They want you to come out and say "Man, they didn't see that coming! How silly of them!" as they buy the country out from under you. They want you to think he's the 'bad' one...
This isn't their loss, they're just trying to spin it into a bigger win.
Oh no! The leopards are eating faces! Who could have foreseen this?
Let's see, he could not impose tarrifs and make everyone happy that he's not going to burn down the economy OR he could impose tariffs, shut down taxes on the ultra-wealthy and embezzel/stock trade his ass back to billionaire with cash on hand.
he DGAF what anyone wants unless they're going to make him significantly richer.
A wave? Out at sea? Chance in a million!
Yeah but it's out of the environment
Had to check whether this was posted in leopards ate my face or not. Lol
Whats going to happen is what happened last time. Trump proposes tariffs on products from [industry]. Business leaders from said [industry] bends knee, kisses ring and ass, donates cash, and tariffs never materializes.
Or if you are large enough you pay for a waiver
Either Putin paid him more than the Corpos, or he owes Putin too much to turn around on it.
I'm always scratching my head while also panicking
Who could have possibly foreseen this?!
Have they tried calling the CEO crises hotline?
NOW who's fucking with the money?
It's a bullying tactic straight out of elementary school. Trump knows they will suck up to him and shower him with donations and more importantly fan his ego. He doesn't give a crap about what happens because of the tariffs (obviously) since he can just blame other people.
They probably did, but didn't account that he's long past when his brain was capable of reason.
Trump ignores a lot of things. The Country's bigliest ignorant.
Ceo will save themselves, if they are normal, they will have assets in different countries and just move.
Poor people on the other hands would not be able to move to another city.
I'm sure imposing tariffs benefits him and his cronies. That's why he promises to put it in place.
They are probably playing the stock market using the office to manipulate prices. This is a huge problem and is why we don't need businessmen in the government there to enrich themselves.
Can't wait for the crash to buy the dip.
you'll have money left to do that?
No kids, 100k salary with 50k lifestyle. Got out of S&P 500 with about 100% growth since I started. Will jump back in once it crashes.
This is really self-centered and tone deaf. At least parasites literally can't do anything else, you choose to be this despicable.
I mean, I've been on the butt end of countless crashes. If you can't see it coming and cash in this time, maybe next time. It's what these dumb bucks voted for.
Do you think people got rich when they "bought the dip" in 1929 or did a decade of global depression make that not possible?
Absolutely.
“It is the financialisation of the economy in particular that generated a lot of income for the rich, who invest in financial assets,” Dafermos said. “And whenever an economic crisis strikes, the central banks’ response is to save the financial market from collapsing because it is so much interlinked with the real economy. This helps stock and bond markets to thrive creating more wealth and inequality.”
You are in for a very rude awakening.
I'm wrong, I lose out on 4-7% growth.
I'm right, I'm up 120% from the last crash.
"The last crash" was not The Great Depression. I suggest you read up on it since you're apparently not aware of what happened for a decade.
At what point did you think I meant great depression?
Funny story about why I have a little more insight than you. My undergrad taking a finance class for my supply chain degree. Professor offered 10% extra credit if we attended a finance related conference. I used the university conference search engine he provided. 99% were real estate conferences, and i picked the only one that wasn't. Turns out it was a conference for a buttload of finance VPs discussing each market crash in great detail and how they will prepare for the next. Like this was a club where the speakers were from the Fed. I was completely out of my element, but I got seated with the club president who worked for Goldman Sachs. Nice guy. The lady that gave me my name sticker at registration said that their club had offered invites to the local university for years, and I was the first to accept. The event was $3k a plate and completely covered for me.
I'm not an expert on finance, but in 2018, I had a 5-star lunch with all the financial experts and learned a shitload about each American and international financial crash from 1929 onward and what they would be doing in preparation for the next one.
I meant the Great Depression:
You may have more insight than me because you eat lunch with financial experts, but you're apparently not a very good reader.