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.
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.
Social security is not enough to live off of. Is projected to be unobtainable for future generations who are paying into it, and is currently on the chopping block
They are going to have to change something either raise the retirement age or lower the payments both which make it more unobtainable then it already is. And that 40% is based what people make… in a time of rising inflation and stagnant wages…
The fact that social security is not tied to the market is super irrelevant, when the argument was that the 401k is in danger, when social security already is not enough to live on. so it’s important that people have a successful 401k to supplement it.
The real solution is making the average wage go up. Significantly. Which puts more money into the program overall.
With so much money having been shifted away from the average worker and Into the pockets of people who hit the FICA cap in their first paycheck of the year, over the last few decades, it was bound to have issues.
They are going to have to change something either raise the retirement age or lower the payments
Or just pay directly out of the general fund, which they can do with a simple vote in Congress and which they already do for Medicare/caid.
The fact that social security is not tied to the market is super irrelevant
It is the primary argument both for and against the program. Investors kick and scream about the benefits of compound interest, right up until a big market nosedive and bankruptcy spree. Meanwhile, it's the benchmark for guaranteed basic income that progressives love to reference.
Decoupling income from economic growth isn't irrelevant. It's the program's entire raison d'etre.
You would have the tax payers pay even more of the burden now, with out the benefit of even having it contribute to their social security… to pay the gap in social security, damning the tax payers twice. That’s not a permanent solution on top of that! I’m not saying social security should be attached to the market. I mean we are talking about the market fall after all! I am saying that being flippant that everyone Just needs to remember they have social security is dismissive and not relevant.
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."
Sometimes The USA line goes up when the world line does, but sometimes it's totally inverse, as the world quickly dumps US stocks and invests elsewhere.
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.
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.
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.
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.
Logically you would think the answer should be that money shouldn't matter much, but it always seems to. It's still a way of keeping score and a proxy for power. They've always longed for more money/power and as they get older and their brain slows down, they don't suddenly change. What old billionaire have you seen says "you know what? I'm going to give everyone raises! I don't need more money! We should all be happy together!" (Almost) never happens. They want more and more and more... and then they die.
Bill Gates seems to be like that. Don't get me wrong, I don't like him and he's still doing lots of shitty billionaire stuff, but he seems to be satisfied with "just" being a billionaire and making sure his offspring will be billionaireswon't starve as well and giving away a lot of the money he will never be able to spend on his own anyway. Same goes for George Soros and Warren Buffet.
Yeah, I think it's either this, or the tariffs are extortion (announce tariffs, then solicit bribes from businesses and politicians). Could be both as well.
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
Maybe Trump just didn't know how to spell and he just meant "Make America grate again" because it certainly does something like that to most people's nerves at the moment.
Uh, yes. We could talk about unemployment numbers, but even if we did (and i have a distinct feeling you're being vague because you don't plan to) those numbers aren't by a long shot the only metric we use measuring the economy.
In fact a lot of ways "the economy" is measured doesn't take into account things the average citizen cares about, like cost of living etc. hence my use of the widespread pejorative "rich peoples yacht money
Sound less like a redditor please. I left to escape the endless line of empty fucking quipbirds, with no fucking meat, no substance behind their words. If i want to hear an empty ass i'll just eat beans
How the hell are the democrats the party of enriching the wealthy when compared to the fucking R's?? I mean fucking hell have any of you ever read a book or even glanced at historic and current R policy?
How the hell are the democrats the party of enriching the wealthy when compared to the fucking R’s??
glances at the Obama administration unprecedented market bull run while foreclosures were rampant and low-income poverty surged
The Americans, in typical capitalist extravagance, insist on having two right-wing parties instead of one.
I mean fucking hell have any of you ever read a book or even glanced at historic and current R policy?
Democrats sow, Republicans reap. But the line only ever consistently goes up for the already wealthy. Passive income dominates wage growth. Assets prices outrun revenues thanks to our investor-friendly monetary policies. And the Piketty R > G math, with (r)ate of investment return > (g)ross domestic profit yield, leads to a steady consolidation of property in the hands of a shrinking ultra-wealthy minority under both parties.
Yes, democrats do periodically have to save capitalism from itself - for which the bourgeois are perpetually aggrieved. But what did Obama do when he was handed half the financial sector on a platter by the outgoing Bush Administration? Did he properly title homeowners who had already paid in mortgage several multiples of the face value of their homes? Did he cancel a bunch of outstanding student loan debt, so that college students weren't perpetually hobbled by interest payments on debt? Did he universalize Medicaid or even deliver on a public option to evade insurance company graft?
No. He gave the bankers their crooked banks back for a vanishingly tiny ROI. He forgave the debts of major lenders, bailed out executives, propped up stock prices of major hedge funds and corporate institutions, subsidized private insurance to the benefit of the insurers, downsized Medicaid during the Government Shutdown fight, increased school privatization at the primary level, and did literally nothing for his most zealous base of supporters - educated professionals.
And then his party got absolutely washed in the subsequent three election cycles, culminating in the nation's most incestuous pedophile taking the White House in 2016.
And that was Obama, the closest thing to a progressive the party has produced since LBJ. Carter, Clinton, and Biden were even worse.
I don't think its "compared" to the Rs but just in general they are good for "rich ppl yacht" money. Your instant move to compare the two parties (making bad policy OK by comparing it to "OH FUCK" policy) is why the usa is in the state it is now.
Interesting. I didn't know I had a say in US politics being 5000 miles away and not a citizen. I'll be sure to smarten my ideas up. Send marine force 2 or whatever to pick me up and I'll sort that shit show out for you once I kick trump in the balls/face.
Also there's literally only one other option so yea of course it's compared to the opposition. That's how the system is setup.
Are you sure you are replying to the correct comment? I am not american and yes I too have no say in their system, but "less bad" is still bad.
Not sure why you think commenting on geopolitics and other nations economic policy means you need to fall to the same BS they have. Even less that making comments somehow gives us a say.
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.
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.
I am pretty sure trump warns his friends when he is about to make another irrational stupid statement- they are investing accordingly- taking advantage of an upswing and a downturn
I doubt they'd do any fiscal spending through safety nets, since they are dismantling them; I suppose bail-outs could be on the table. I've seen some analysts/economists claim that the Trump admin wants to devalue the USD to grow the manufacturing sector, and the admin seems to be pressuring the Fed to lower interest rates. The consensus seems to be that stagflation is what's actually going to happen. I don't quite understand why the admin wants to bring back manufacturing sector, because they're typically low-wage jobs (especially if not unionized), and unemployment was pretty low. Among the billionaire class, there seems to be a concerted effort to shed decent-paying jobs, so I guess the plan is for those people to go work on assembly lines.
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.
You're screaming "fuck off, I don't deserve any of this because those thefts were carried out before I was 18", but you're screaming that sitting on the stolen furniture in a stolen house. The crimes mentioned predating your eighteenth birthday doesn't mean shit when you're still benefiting from the results of those crimes.
Agreed. The person I was replying to took the initial comment regarding nation karma for the US very personally and started ranting that he didn't deserve this shit. No one blamed him, and I was trying to convey the same thing that you wrote: it doesn't matter that we were not personally responsible for the historical crimes our nations committed, if the current society we live in still bases its wealth on what was stolen. We'd be indirectly benefitting from those crimes and therefore would have a responsibility to acknowledge that and try to do what we can to even things out if and when we can. Rejecting all links to those historical crimes and any responsibility for them can come across as arrogant to those on the other side of that equation, those who were robbed. But the person started hurling insults so I was obviously unable to communicate what I wanted to communicate.
Everyone is benefiting and being hurt by decisions made in the past or decisions that they cannot control. These are meaningless statements. They don't cause action, they don't make people feel like they should do something. They just annoy people. The statements are ignorant. You have no idea who I am, what I do, how I live, etc.
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....
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.
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.
My investment horizon is measured in decades, so short-term fluctuations like this don't affect my strategy at all. If prices of U.S. companies are going down, it just means I can buy more of them for the same amount of money. Reacting to market movements by selling or shifting investments is exactly how people lose money. The investors who remain calm and hold steady through volatility typically come out ahead in the long run.
I agree, but I don't think it will be as bad as the last few times for anyone but the US. Trump has managed to piss off literally the biggest trade partners the US has, so they will happily just invest elsewhere and leave the US economy in the dust instead of trying to survive the crash together.
That guy pours over countless documents and stats to make his moves. He probably knows what he's doing more than most when it comes to predicting market turns.
I mean I feel like a recession is inevitable, but I'm just some random guy.
Smart. It was the the hope of a business man coming in and doing things good for the market (not for people mind you, wall st is not that out of touch)
It's starting at a reasonable point for the data shown, I'm not sure what your point is. Do you think this graph would be more readable if you had 80% of the vertical axis as wasted space so the graph could show nothing from 0 to 95?
I don't care too much for my personal view because I think I can read the chart well. I met several people in my life that would misunderstand a chart if it would not show the axis starting at 0. I don't consider the space a waste. I consider it an indication that the shown value is less of an effect than it would indicate if the chart is zoomed in.
To be completely honest, I just wanted to test that commenting on a thread on other lemmy instance from my new lemmy instance works.
Maybe they should try more tariffs. More tariffs will fix it definitely.
We just need to hawk more $100k Teslas from the White House. …what a fucking embarrassment.
Yo dawg, I heard you like tar
riffs...Edit - Sorry... I'm usually better than that
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.
Hmm
Maybe easy to pronounce as “tear riff“ which would lend itself to the double R
Not really a side note, this is just the tip of the "American stupidity and overconfidence that got us here" iceberg.
Too much trade between the states. We need to rip up the Interstate Commerce Clause
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.
All of everyone’s retirement accounts are invested in the market. So it’s not just those assholes who get fucked by this.
In fact, those assholes will be fine. WE won’t.
and the only way to turn it around is a lot of angry people with guillotines
Lucky me, I don't have any retirement investments!
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.
How much of retirement accounts represent in % for the overall stock market?
Not much, but the peecent of people who have their money in stocks for retirement is high.
Assuming that all of the equities held by the bottom 99% are invested in retirement accounts, it would be 50.1% of the market. [https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:140;series:Corporate%20equities%20and%20mutual%20fund%20shares;demographic:networth;population:all;units:shares]
In the USA, not everywhere, luckily. It's as if the repercussions will hit you guys harder than the ones Trumpet is trying to blow at.
I switched to cash last week.
Americans not willing to recognize that Social Security exists is such a fucking capitalist vibe
Social security is not enough to live off of. Is projected to be unobtainable for future generations who are paying into it, and is currently on the chopping block
If the billionaires actually paid their share into it, it would be fine...
Yes.
Nevertheless, it is 40% of retirement income. And none of it comes from the stock market.
Projected by advocacy groups trying to abolish social security.
You are being untruthful and dismissive: https://www.ssa.gov/oact/tr/2024/tr2024.pdf Page 9 is the jist.
They are going to have to change something either raise the retirement age or lower the payments both which make it more unobtainable then it already is. And that 40% is based what people make… in a time of rising inflation and stagnant wages…
The fact that social security is not tied to the market is super irrelevant, when the argument was that the 401k is in danger, when social security already is not enough to live on. so it’s important that people have a successful 401k to supplement it.
The real solution is making the average wage go up. Significantly. Which puts more money into the program overall.
With so much money having been shifted away from the average worker and Into the pockets of people who hit the FICA cap in their first paycheck of the year, over the last few decades, it was bound to have issues.
I agree with that, or a ubi, or taxing the rich. All that jazz
Or just pay directly out of the general fund, which they can do with a simple vote in Congress and which they already do for Medicare/caid.
It is the primary argument both for and against the program. Investors kick and scream about the benefits of compound interest, right up until a big market nosedive and bankruptcy spree. Meanwhile, it's the benchmark for guaranteed basic income that progressives love to reference.
Decoupling income from economic growth isn't irrelevant. It's the program's entire raison d'etre.
You would have the tax payers pay even more of the burden now, with out the benefit of even having it contribute to their social security… to pay the gap in social security, damning the tax payers twice. That’s not a permanent solution on top of that! I’m not saying social security should be attached to the market. I mean we are talking about the market fall after all! I am saying that being flippant that everyone Just needs to remember they have social security is dismissive and not relevant.
Oh you can be sure Congress will be working overtime to pass a bill with relief to those big businesses that cannot fail.
You think they aren't already profiting off of the downturn?
half of them voted for this guy, so yeah I'm wondering whether they actually saw it coming or not
yeah but will it actually rise again
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."
Sometimes The USA line goes up when the world line does, but sometimes it's totally inverse, as the world quickly dumps US stocks and invests elsewhere.
Any Americans tired of winning yet?
I can’t handle being any greater.
So very much
I am so tired of winning, I’d love alternatives.
Denmark, if you’re listening… I have an idea.
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.
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.
Fuck, that’s a good idea.
Thank you.
I did the same with my IRA. I was in VOO but moved to VGK and some short term bonds. So far I've saved myself a good amount of money.
Same, babe. Sold all my iShares and Vanguard ETFs and moved into BMO emerging markets, Euro, and Canadian funds.
I still need to look into my employer group pension account. I don't know how much control I actually have over that.
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.
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.
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.
it's not just allowed it's encouraged, in fact i'd go as far as to say it's the only way to "win" in this system
It's not wealth hoarding, it's wealth OBSTRUCTION as a means to control everyone. It's pathological fo sho.
Logically you would think the answer should be that money shouldn't matter much, but it always seems to. It's still a way of keeping score and a proxy for power. They've always longed for more money/power and as they get older and their brain slows down, they don't suddenly change. What old billionaire have you seen says "you know what? I'm going to give everyone raises! I don't need more money! We should all be happy together!" (Almost) never happens. They want more and more and more... and then they die.
Bill Gates seems to be like that. Don't get me wrong, I don't like him and he's still doing lots of shitty billionaire stuff, but he seems to be satisfied with "just" being a billionaire and making sure his offspring
will be billionaireswon't starve as well and giving away a lot of the money he will never be able to spend on his own anyway. Same goes for George Soros and Warren Buffet.Bill Gates is not leaving billions to his kids
Didn't know that. Fixed
He's still leaving enough for buying eggs ;-)
They're just tryna nut. It's the only way they still can
That was my idea. These jarring and quickly implemented money drainers only really help ppl outside the market.
Yeah, I think it's either this, or the tariffs are extortion (announce tariffs, then solicit bribes from businesses and politicians). Could be both as well.
Exactly what I have been thinking. I should have scrolled down and read your comment before I made mine
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
Maybe Trump just didn't know how to spell and he just meant "Make America grate again" because it certainly does something like that to most people's nerves at the moment.
Despite all the myths Democrats are better for the economy. They always produce better numbers.
rich ppl yacht money "economy", sure
That's not true. They definitely should do way more to help the working class but the numbers show that the economy in general is better under them.
You're essentially agreeing to the person you're responding to...
I think the average people do benefit as well not just the wealthy even though they do benefit more.
Uh, yes. We could talk about unemployment numbers, but even if we did (and i have a distinct feeling you're being vague because you don't plan to) those numbers aren't by a long shot the only metric we use measuring the economy.
In fact a lot of ways "the economy" is measured doesn't take into account things the average citizen cares about, like cost of living etc. hence my use of the widespread pejorative "rich peoples yacht money
Sound less like a redditor please. I left to escape the endless line of empty fucking quipbirds, with no fucking meat, no substance behind their words. If i want to hear an empty ass i'll just eat beans
Nonsense. Disappointed this gets upvotes.
How the hell are the democrats the party of enriching the wealthy when compared to the fucking R's?? I mean fucking hell have any of you ever read a book or even glanced at historic and current R policy?
glances at the Obama administration unprecedented market bull run while foreclosures were rampant and low-income poverty surged
The Americans, in typical capitalist extravagance, insist on having two right-wing parties instead of one.
Democrats sow, Republicans reap. But the line only ever consistently goes up for the already wealthy. Passive income dominates wage growth. Assets prices outrun revenues thanks to our investor-friendly monetary policies. And the Piketty R > G math, with (r)ate of investment return > (g)ross domestic profit yield, leads to a steady consolidation of property in the hands of a shrinking ultra-wealthy minority under both parties.
Yes, democrats do periodically have to save capitalism from itself - for which the bourgeois are perpetually aggrieved. But what did Obama do when he was handed half the financial sector on a platter by the outgoing Bush Administration? Did he properly title homeowners who had already paid in mortgage several multiples of the face value of their homes? Did he cancel a bunch of outstanding student loan debt, so that college students weren't perpetually hobbled by interest payments on debt? Did he universalize Medicaid or even deliver on a public option to evade insurance company graft?
No. He gave the bankers their crooked banks back for a vanishingly tiny ROI. He forgave the debts of major lenders, bailed out executives, propped up stock prices of major hedge funds and corporate institutions, subsidized private insurance to the benefit of the insurers, downsized Medicaid during the Government Shutdown fight, increased school privatization at the primary level, and did literally nothing for his most zealous base of supporters - educated professionals.
And then his party got absolutely washed in the subsequent three election cycles, culminating in the nation's most incestuous pedophile taking the White House in 2016.
And that was Obama, the closest thing to a progressive the party has produced since LBJ. Carter, Clinton, and Biden were even worse.
Realistically the right makes things worse for the 90%, the centre makes things worse for the 90% but slower. At least in recent history.
I don't think its "compared" to the Rs but just in general they are good for "rich ppl yacht" money. Your instant move to compare the two parties (making bad policy OK by comparing it to "OH FUCK" policy) is why the usa is in the state it is now.
Interesting. I didn't know I had a say in US politics being 5000 miles away and not a citizen. I'll be sure to smarten my ideas up. Send marine force 2 or whatever to pick me up and I'll sort that shit show out for you once I kick trump in the balls/face.
Also there's literally only one other option so yea of course it's compared to the opposition. That's how the system is setup.
Are you sure you are replying to the correct comment? I am not american and yes I too have no say in their system, but "less bad" is still bad.
Not sure why you think commenting on geopolitics and other nations economic policy means you need to fall to the same BS they have. Even less that making comments somehow gives us a say.
Yes I am sure. You suggested my rejection of your idea and comparison is why the US is like it is now. Hence the joke.
Okay fine. They're both bad. Which would you rather have won in 2024 now?
I think you've fallen for a classic 'if left/centre not perfect might as well burn the house down' fallacy personally but we'll agree to disagree.
Why as not an american you used "miles"?
AND youre not a citizen of the US? Sit your fool ass down playa 🤣
Bitch please. Who'd want to be a US citizen. The others are locked in there with tools like you.
Meanwhile in free roaming European: were laughing at you morons for electing a king.
And what makes you think you need to be an inmate to talk about the joint?
English is your second language so maybe you missed how whether you wish to be a citizen or not was not my point, your definite ignorance was.
Stop trying to save face, you have nothing to say to me and the fact you're still yappin is pathetic
I'm disappointed in you too friend, but how is that effin pertinent?
Discussion and disagreement are what boards are for, not clown ass comments like "muh disappointment" lolol lemmy get a load of this guy
Ah now it makes sense. So which part of the discussion was you frantically searching my comment history for some kind of win?
Sad.
THIS THREAD you soppy cunt. Pay attention to what youre saying at least, sheeeeesh
Ooh babys getting angry.
Actually that is a different comment chain. A different comment in this particular board.
You don't know what thread means do you?
I thought discussion is what we're here for? You seem to be getting upset.
Heeeheee yaa bruh I'm so mad rn 😘
This is going to be a hard one to explain to the MAGA fans
Actual trump regime statements
What isn't hard to explain to that lead poisoned cult of cunts.
slams fist on desk
Biden!
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.
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.
I am pretty sure trump warns his friends when he is about to make another irrational stupid statement- they are investing accordingly- taking advantage of an upswing and a downturn
I doubt they'd do any fiscal spending through safety nets, since they are dismantling them; I suppose bail-outs could be on the table. I've seen some analysts/economists claim that the Trump admin wants to devalue the USD to grow the manufacturing sector, and the admin seems to be pressuring the Fed to lower interest rates. The consensus seems to be that stagflation is what's actually going to happen. I don't quite understand why the admin wants to bring back manufacturing sector, because they're typically low-wage jobs (especially if not unionized), and unemployment was pretty low. Among the billionaire class, there seems to be a concerted effort to shed decent-paying jobs, so I guess the plan is for those people to go work on assembly lines.
I don't always agree with them but you make such a compelling argument...
The Bigly Depression
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.
Oh fuck off with this "deserves" bs. Everything listed on that infographic happened before I was 18. I don't "deserve" any of this.
Yeah you do.
We've seen your browser history.
You're screaming "fuck off, I don't deserve any of this because those thefts were carried out before I was 18", but you're screaming that sitting on the stolen furniture in a stolen house. The crimes mentioned predating your eighteenth birthday doesn't mean shit when you're still benefiting from the results of those crimes.
If someone gets abducted and put in a stolen house with stolen furniture, are they to blame?
Like, I get it, we enjoy the privileges and share the responsibility to change shit. But responsibility and blame are two different things.
Agreed. The person I was replying to took the initial comment regarding nation karma for the US very personally and started ranting that he didn't deserve this shit. No one blamed him, and I was trying to convey the same thing that you wrote: it doesn't matter that we were not personally responsible for the historical crimes our nations committed, if the current society we live in still bases its wealth on what was stolen. We'd be indirectly benefitting from those crimes and therefore would have a responsibility to acknowledge that and try to do what we can to even things out if and when we can. Rejecting all links to those historical crimes and any responsibility for them can come across as arrogant to those on the other side of that equation, those who were robbed. But the person started hurling insults so I was obviously unable to communicate what I wanted to communicate.
Everyone is benefiting and being hurt by decisions made in the past or decisions that they cannot control. These are meaningless statements. They don't cause action, they don't make people feel like they should do something. They just annoy people. The statements are ignorant. You have no idea who I am, what I do, how I live, etc.
So you can also respectfully fuck off as well.
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....
Let’s call it the Trump Effect, shall we?
Let’s call it the Trump Slump
Maybe Trump's tiny Dow size?
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.
Easy, do not have billionaires....
Um no? Have you been paying attention, at all?
So the boycott is working? Let it continue.
Honestly, I did not think it would work!
What are you boycotting?
Completely cut out all US food/drinks, other stuff it varies a bit but making an effort to avoid US stuff where practical.
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.
They just need to try harder.
Make America Great (Depression) Again?
Lol just wait until the reports come out about the inflation rate since Trump took office.
Maybe should convert some of those dollars to Euros tho just in case
Well lucky you 😂
Now you can be double smug considering how much value the dollar has lost
My investment horizon is measured in decades, so short-term fluctuations like this don't affect my strategy at all. If prices of U.S. companies are going down, it just means I can buy more of them for the same amount of money. Reacting to market movements by selling or shifting investments is exactly how people lose money. The investors who remain calm and hold steady through volatility typically come out ahead in the long run.
Buy the dip.
This is financial advice.
Look into physical gold ETFs as an alternative or addition to holding cash or cash related investments
Bank of Mattress savers unite!
Don't worry, the rest of the world will get pulled down when we really nose dive... hooray contagion.
I agree, but I don't think it will be as bad as the last few times for anyone but the US. Trump has managed to piss off literally the biggest trade partners the US has, so they will happily just invest elsewhere and leave the US economy in the dust instead of trying to survive the crash together.
I also agree with you here.
We'll pull the world down... but we will do significantly worse ourselves.
Yes, the global casino of interdependent pyramid schemes is extremely fragile.
Don't worry though. Capital will print as much money, build as many prisons, and blow up as many brown people as it takes to maintain hegemony.
As the fellon in the White House said - „it’s just a small group, boycotting, attacking …“ well I don’t think so „Mr. president“
This is why Warren buffet pivoted to cash liquid position.
That guy pours over countless documents and stats to make his moves. He probably knows what he's doing more than most when it comes to predicting market turns.
I mean I feel like a recession is inevitable, but I'm just some random guy.
What ever could the problem be? Tariffs! No tariffs. Tariffs! No tariffs ... well some, maybe. Tariffs! Delayed tariffs ... delayed tariffs again.
more like lol street amirite
This is what happens when your president is a used car salesman.
How did Justin Trudeau manage this? I thought he was too busy making potholes?
I like the little hopeful bump before the inauguration.
Still no idea why it happened, but it was a nice little bonus when I sold off all my positions before he came to power.
Smart. It was the the hope of a business man coming in and doing things good for the market (not for people mind you, wall st is not that out of touch)
That's not a bump. It's in line with the rest of the world.
Yes, a bump in the world markets. On US news. A trend I hope we see less of in the future.
What news in particular? Remember, People knew for months that Trump was going to be inaugurated.
Note the vertical axis does not start at 0.
I don't think this was done deceptively. Most financial graphs like this don't start at 0.
It appears to be representing percent change from the close of the preceding period, so 100% isn't a totally unjustifiable axis.
Yeah, I am probably just overthinking it, sorry. I would show percentage change as +10, 0, -10
It's starting at a reasonable point for the data shown, I'm not sure what your point is. Do you think this graph would be more readable if you had 80% of the vertical axis as wasted space so the graph could show nothing from 0 to 95?
I don't care too much for my personal view because I think I can read the chart well. I met several people in my life that would misunderstand a chart if it would not show the axis starting at 0. I don't consider the space a waste. I consider it an indication that the shown value is less of an effect than it would indicate if the chart is zoomed in.
To be completely honest, I just wanted to test that commenting on a thread on other lemmy instance from my new lemmy instance works.
LOL. Support. Good luck with your instance.
And?
And nothing, sorry if i implied anything. I just wanted to point it out. I appologise. This was my first comment on lemmy.
No need to apologise, mate, all good. 👍
I was wondering what point you were trying to make.
You know if you just use a sharpie to draw the line going up instead of down there isn't a problem anymore.
USA is making itself weak and Canada + Europe strong.
Oh no, better double down on the cuntishness, fire all the workers and give ourselves an enormous bonus!
Everyone with ETFs targeting US stocks sweating right now