this post was submitted on 10 Mar 2025
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[–] [email protected] 56 points 5 days ago (3 children)
[–] [email protected] 9 points 5 days ago

Every accusation is a confession.

[–] [email protected] 8 points 5 days ago

Damn he’s so self aware /s

[–] [email protected] 6 points 5 days ago

For comparison, there was a 6% drop in the market in early August, and the market closed the end of the month up 2.4%

[–] MyMotherIsAHamster 140 points 6 days ago (4 children)

But I thought Trump was going to make the economy great again /s 🤣

[–] [email protected] 93 points 6 days ago (4 children)

He'll issue an executive order establishing that the market can only go up

[–] [email protected] 53 points 6 days ago (2 children)

He disbanded the US government agency that develops the annual GDP numbers. Guess how they'll figure those out next year?

If you guessed "we'll make some up that are higher than last year" then you're spot on.

[–] [email protected] 7 points 5 days ago

Making up figures/numbers … smh. Nineteen eighty-four gets more relevant by the day.

[–] [email protected] 9 points 6 days ago (1 children)

The numbers will go up. Nobody knew they could go up. It's unheard of.

[–] [email protected] 8 points 5 days ago

Remember, immigration is down by over 100%!

[–] MyMotherIsAHamster 23 points 6 days ago

Signing those with his big-boy Sharpie is about al he knows about actually governing lol

[–] [email protected] 7 points 5 days ago (1 children)

Change to down color to green.

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[–] [email protected] 10 points 6 days ago* (last edited 6 days ago) (3 children)

I mean for the longest time it only has gone up... And that's not sustainable

https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

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[–] KingOfSleep 8 points 6 days ago

He will. But not for us.

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[–] [email protected] 40 points 5 days ago (1 children)

Did trump just set the new speed run for a Republican ruining the economy after a Democrat fixed it?

[–] [email protected] 8 points 5 days ago

To hear him and his apparatchiks tell it, he was handed a DISASTROUS economy and we can all expect it to take a while for little d to fix it?

As if we cannot see with our own eyes that the economy he was handed was outstanding and his tariffs are the cause of these crashes?

This stuff reads like it was issued from the Ministry of Truth in 1984...

[–] [email protected] 78 points 6 days ago (1 children)

Everyone here mentioning billionaires and missing the point that the Russian agent in charge is just doing his best to deliver any and all assets to Russia. Sanctions getting lifted just as the fire sale on American assets begins right before the civil unrest. If you’re a Russian dictator you could not have planned it better. Republicans are seriously the dumbest mother/sister fuckers on the planet. I can’t even believe how fucking stupid you’d have to be to hold “conservative views”. Like it does not compute how you can be that dumb

[–] Revan343 22 points 6 days ago

Like it does not compute how you can be that dumb

Easy, lack of education (or even actively detrimental 'education'), courtesy of decades of Republican sabotage of the education system

[–] [email protected] 82 points 6 days ago (4 children)

I think he's doing this deliberately. Encourage people to sell, so his buddies can scoop up stocks at low prices.

[–] [email protected] 28 points 6 days ago* (last edited 6 days ago) (1 children)

it's so much more than stocks. stocks are mostly vibes and short term get rich schemes for already wealthy people. they're Pokemon cards for the finance class, creating almost nothing tangibly beneficial to society. hype and FUD in an endless cycle.

you can't eat stocks. you can't warm your house with stocks. you can't manufacture solar panels with stocks.

real wealth, the serious fuck you Big Money, depends on the ownership and distribution of real resources: real estate, agricultural land, factories, pipelines, commerical buildings, capital infrastructure. these are what the ultra wealthy buy up during recessions and then charge rents and leases for everyone else to pay, forever. forget about owning land or a home, your kids can't compete with someone paying cash on a 600k house or snatching up entire portfolios of hundreds of rentals in a single purchase.

bailouts and blank checks given out as PPP loans to "business owners" during Covid redistributed wealth from the taxpayers (government) into the hands of the wealthiest people in the world. they can then convert their Pokemon collections into real wealth generating resources. government bailouts to corporations become an engine for not just making the rich richer but the types of assets they then acquire using that money cements them at the top of the wealth generation food chain forever.

Trump 2.0 is engineering another massive redistribution, even bigger and more focused on real estate than before. he made his fake reputation on real estate. loyalist oligarchs who bank rolled dark maga will be handsomely rewarded with the newly emptied government office buildings and public lands.

and your kids and grandkids will be homeless.

[–] [email protected] 8 points 6 days ago

I used "stocks" as shorthand. I agree with what you wrote.

[–] [email protected] 24 points 6 days ago* (last edited 6 days ago) (1 children)

yup, I'd buy apple or microsoft or nvidia because they are going down now but will go up certainly in 1 or 2 days or even weeks/months. Except tesla, this one will go down and down and down for days/weeks/months, tesla stock is super toxic, dump all of it.

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[–] [email protected] 57 points 6 days ago (1 children)
[–] [email protected] 26 points 6 days ago (1 children)

Only if we're on the any%, this is looking like a 100% run so more like 'Depression'

[–] [email protected] 12 points 6 days ago* (last edited 6 days ago)

This is going to be the second Great Depression.

It is going to impact the entire world.

Notable differences from the last Great Depression:

Many countries have many nuclear weapons.

Something like 6 billion more people exist.

Climate change is accelerating, and this will make food more expensive everywhere, as opposed to a regionalized Dust Bowl, as well as causing more frequent and more severe natural disasters basically everywhere.... and the more time passes, the more expensive it will be to mitigate this.

Perhaps also worth noting:

Japan argued the US's oil embargo on it as functionally a declaration of economic war.

History is replete with examples of embargoes and massive tariffs being considered a justification for escalating a trade war... to an actual war.

[–] [email protected] 45 points 6 days ago (1 children)

This is intentional. The billionaires are salivating waiting in the wings to buy up as much as possible when the prices are low.

[–] [email protected] 18 points 6 days ago

Billionaries just short the stocks and make tons on the way down as well.

[–] [email protected] 32 points 6 days ago

Economic downturns are WHAT REPUBLICANS DO 👏 crab cakes and football 👏

[–] Lemmyoutofhere 29 points 6 days ago (1 children)

bUt doNaLd is a gREat bUSinESs mAN! /s

[–] [email protected] 35 points 6 days ago (3 children)

The people have spoken! Trump is so much better for the economy! /s

[–] [email protected] 32 points 6 days ago (1 children)

Damn the people are dumb as fuck

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[–] [email protected] 8 points 6 days ago

Margin of error +/-52%.

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[–] [email protected] 11 points 5 days ago

When everyone is fearful be greedy…

I just do automatic investments in a diversified portfolio every month and forget about it. I’m young and in it for the long haul. If shit really hits the fan, none of it will matter anyway.

[–] [email protected] 22 points 6 days ago (1 children)
[–] [email protected] 9 points 6 days ago* (last edited 6 days ago) (5 children)

It’s crazy that with a tariff on energy, utilities and energy are up lmao.

[–] [email protected] 12 points 6 days ago

Oil companies were the biggest contributions to the project 25

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[–] cygnus 22 points 6 days ago (2 children)

"Small price to pay to own the libs!" the faithful cry as they slowly eat their daily ration (one egg and a slice of wonder bread)

[–] [email protected] 23 points 6 days ago (1 children)
[–] [email protected] 12 points 6 days ago* (last edited 6 days ago) (2 children)

"Shut up about the eggs"

- Donald Trump

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[–] [email protected] 10 points 6 days ago

Look at Mr Fancy over here eating a whole egg every day.

[–] [email protected] 19 points 6 days ago (8 children)

Looks like I might have made the right choice keeping my non-401k savings out of a market index fund for now.

[–] [email protected] 8 points 6 days ago (5 children)

Not unless you're retiring soon. You want to buy when things are low.

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[–] [email protected] 9 points 5 days ago (1 children)

Sorry to anyone having to retire right now

[–] [email protected] 12 points 5 days ago

Well two thirds or more of their portfolio should be in bond markets if they are close to retirement.

[–] [email protected] 13 points 6 days ago (1 children)

We should create a WallStreetBets Lemmy community here to discuss our possible trades.

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[–] [email protected] 11 points 6 days ago

From the article:

“We see some irony in the recent outperformance by foreign markets over the U.S. markets. In our view, foreign companies in Europe, Asia, and Latin America are likely to suffer even more from deployment of tariffs than companies in the U.S.”

I think they are overestimating the amount of trade flowing into the US. Tariffs will directly impacg US companies and customers, but they'll also decrease the demand for foreign products. That will cause a challenge, if not outright recession worldwide, but I still think that foreign companies would be able to mitigate the drop in demand from the US better than US companies coping with supply shortages and higher prices.

[–] [email protected] 11 points 6 days ago* (last edited 6 days ago) (1 children)

Recent recessions have shown that the top 1% get richer after the recession. It makes sense when you think about the super rich having the cash to invest is now much cheaper stocks and property while everyone else is struggling to make ends meet.

So I wonder how much the Nazi and the monkey want to avoid a recession. The monkey does not have to worry about reelection and the Nazi is a psychopath.

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[–] [email protected] 10 points 6 days ago (3 children)

trying to look at the positive side, some house market value correction would be nice

[–] [email protected] 8 points 6 days ago* (last edited 6 days ago) (1 children)

The TCJA passed in Trump's first term. It cut the mortgage interest deduction.

Mortgage interest deduction for newly purchased homes (and second homes) was lowered from total loan balances of $1 million under current law to $750,000. Interest from home equity loans (aka second mortgages) is no longer deductible, unless the money is used for home improvements.

The mortgage interest deduction is a tax break for homeowners, and Trump Term 1 saw that get cut. One would expect that cut to generally apply downwards pressure on house prices, since it makes it more-expensive to borrow money to buy a house.

If one assumes that one could use that as a guidepost as to policy during a second term, maybe that'll continue.

kagis

https://doeren.com/viewpoint/president-trumps-proposed-tax-plans

To that end, GOP lawmakers in the U.S. House of Representatives have compiled a 50-page document that identifies potential avenues they may take, as well as how much these tax and other fiscal changes would cost or save.

To help generate savings, the GOP document proposes making changes to various tax breaks, such as:

  • The mortgage interest deduction. Suggestions include eliminating the deduction or lowering the current $750,000 limit to $500,000.

Sounds like it. So that could push prices of houses downwards.

I haven't been following the situation there, so this is just a quick skim, mind.

EDIT: I'd also add that some of Trump's policies may have dramatic increases on house prices, depending on what he actually does at any given point in time; he's not really one for providing clear guidance, and even when he does, one can't very well take his statements at face value. Two potentially relevant factors include:

  • Trade disputes with Canada. The US gets a lot of its lumber from Canada, and North American homes are typically wood-framed. If lumber becomes more expensive, that will drive up the materials cost of construction of new homes.

  • Illegal immigration. If Trump actually has a significant impact on the illegal immigrant population, it will increase labor costs in construction, as construction makes use of a lot of illegal immigrant labor. That will drive up the labor cost of construction of new homes. My personal take is that most of Trump on immigration is political theater for domestic politics, but it's worth keeping in mind.

So it's hard to judge what factors might dominate.

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[–] [email protected] 8 points 6 days ago* (last edited 6 days ago)

Been saying this was part of their plan for a long time. Expropriate money from the government after getting around the ability to track it.

Crash the market.

Buy up big when it's crashed.

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