Goldman Sachs’ chief economist just downgraded the entire U.S. economy as Trump’s latest tariff salvo rattles markets
Goldman Sachs’ chief economist just downgraded the entire U.S. economy as Trump’s latest tariff salvo rattles markets
This is good. Let it hit wall street too. They thought he would be amazing for them while he said exactly what he'd do. While we're eating instant ramen let their funds lose a few billion. Maybe they'll see it then.
Ironically for young people the pain may be short, but it'll make stocks cheap for us, it's great to be paying into a 401k now during a downturn!
For all the boomers that voted for this who are pulling money out of the stock market when it's down... Womp womp
I've already seen other threads around lemmy with people saying that their 401k has dropped 17% since start of the year, that their retirement date is now pushed out 8 years.
You realize that many boomers did not vote vor him. And his actions will reverberate throughout the world.
Your gleeful wishing of death and despair to people who have worked their entire life is somewhat gross.
Look in the mirror and realize it was youth who gave the man a pass. Especially young males.
If we're pucky, most of those Wall Street rats will try flying out of the building
He's just do an executive order to have them upgrade it up to the best economy in the world. Simple.
Or he can just repeat the USA is best country in the United States with the greatest economy in the known universe and stuff. Fixed.
Goldman Sachs' chief economist just earned himself a tropical vacation, funded by the US government, to its Guantanamo Bay resort....
Any threat the US Government makes henceforth has a huge asterisk beside it. This administration is disorganized on purpose, we're going to score so many own goals the next four years it's going to look like a Harlem Globetrotters game and we're the green jerseys.
The economy hasn’t worked for the working class since the Great Recession. I’m sure the billionaire class will get what is left in communist handouts while we are all put in cutthroat facist homeless work camps because being homeless is illegal. Unless we finally fight back but I’m not going to hold my breath
I'm sure you're just using "communist" rhetorically there, for various USA history reasons that I don't fully understand.
But it's important to point out that corruption isn't the same as "communist handout". There was nothing "communal" when the USSR did corruption, and nothing "communal" when the USA does corruption. It's all just concentrating power in a few peoples hands with as few limits as possible.
Good luck to you though, if your political forces can't stop the concentration of power then conflict and likely bloodshed might be the only option. And there'll be a lot fighting to save the empowered, hoping for some crumbs to trickle down to them. I can't believe that all the pro-gun rhetoric in the USA - that I'd previoulsy though crazy - begins to make some sense.
Yes I was being rhetorical when I said communist handouts ( government bailouts for the rich). The word communism is constantly demonized in the United States while they dismantle the social safety net and strip away the social contract. I know it’s corrupt and a lot of citizens know but we don’t have a political party that isn’t bought and paid for. I understand the second amendment as the final check on power but our government has always illegally targeted any left based militias. Unfortunately the oligarch bootlickers are the people with the majority of the guns and the far right militia groups that the government has always turned a blind eye to. I do hope to see a new FDR before I die but I’m worried it will be tyranny and Russian satellite rule instead. Our propaganda machine is strong and unrelenting. I worry Europe will succumb to this corruption as well.
The economy now operates on golf rules, we're finally winning
We don't need no water
Likely, disinformation. The elites want us to think the world burns while they buy our stocks and commodities. Wonder: who profits when the world markets go down? From the richies: be bold when others are meek, be afraid when others are bold.
Fucking lol
It is burning, and they are going to take advantage of it. That's not disinformation, that's the "why" for what trump and elon are doing.
Wasn't it reported that Warren buffet had like 60% of his wealth in cash? If that's true, Warren Buffet will profit once he buys cheap assets and then the economy recovers.
