I pulled my money out when he took office. There WILL be a crash and recession, and it will be intentional. There will be all kinds of irrational exuberence to get everyone all in, and then crash it to mop up the spoils and expand the wealth gap.
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Did you have a 401k or an IRA? Where did you put it to not get taxed on it?
Because the stock market is pure fantasy that doesn't have anything to do with the economy?
The stock market is a speculative vehicle whereby predominantly rich people get richer. Generally pointing at everything should indicate a lot of rich people getting richer, so what’s the issue? It’s only if you take the valuation of the stock market as some kind of core health measurement of the economy that it stops making sense. Because it’s not that.
$5 parking right next to the bread line. Not bad.
I think that's 25¢
Which is around $5 in today's dollars.
Ah I see. Thanks for clarifying your intent.
What's sad is that $5 parking is a killer deal.
Unfortunately the president does not need to care about what his political party thinks about his action. There is the big problem. Now they have a wild tigger running around.
A little while ago the entire market went red. If it's doing well now then that's only comparative to everything going on then.
That said, gutting regulations certainly will boost profits short term, if you care more about that than human life and happiness.
S&P500 closed at an all-time high yesterday. It's not just up relative to a downturn.
Because the speculative "economy" necessarily grows faster than the actual economy.
Trump is generating an enormous level of security risk globally, which encourages investment money flow to the country with the biggest military. Ironically, that happens to be the US.
It's called 401ks, literally anyone with a 9-5 job has one. The entire retirement system was designed to keep people invested in the stock market and betting on it.
Money and 1/2 of Economics is based on magic and “religious” belief.
https://pca.st/episode/6df1a506-9b38-4298-8de5-ec17e71d379b
Here is a great explanation of what you're asking. I trust this channel for news over pretty much anything else.
Look up how IBM, Coca Cola and Volkswagen (among many, many other companies that are very much still established to this day) got their boom-times during WW2 by supporting both the allies and the fash at the same time. They profited from everything that happened, in every way, and continue to do so.
Fascism is good for business, so to speak.
Look at Tesla stock prices - even after a slight deflation it's astronomically overvalued and divorced from reality.
We're in a speculative bubble baby!
The tariffs will trigger a recession for sure. I think the markets are waiting to see what happens with those. A new war in Europe could trigger one as well, but we'd have to see it first. The rest of the things you listed have nothing to do with the stock market.