4 ms·

Hoping the VC bros are enjoying what they sowed. IPOs already getting pulled, M&A market dead, market selloff, inflation persisting (soon to rise), probable ma

Hoping the VC bros are enjoying what they sowed. IPOs already getting pulled, M&A market dead, market selloff, inflation persisting (soon to rise), probable max tax brackets to rise, etc.

9283409232 2y ago
VC bros want a recession so they can buy everything for cheap. I'm sure they are very very happy right now. Pay attention to REITs.
- overfeed 2y ago
  They may get that in the short term, but also get higher taxes and a CFPB-on-steroids oversight agency over the next couple of election cycles.
  - 9283409232 2y ago
    I feel like people haven't internalized that there may not be fair another presidential election. The SAFE Act is the most Orwellian bill that is highly likely to pass and would tremendously move things in Republican's favor
    - orthecreedence 2y ago
      I looked this up and it seems like something from 2008 about mortgages? Can you explain why this important?
      - overfeed 2y ago
        I wouldn't say it's important, I'm merey speculating on the likely outcomes of VC bros hitching their wagons to a specific political movement, and the public's demand for action after a financial crisis.
    - overfeed 2y ago
      > I feel like people haven't internalized that there may not be fair another presidential election. The degree of thumbing the scales has to outweigh unpopularity of the incumbent. High voter turnout will beat any attempts of deniable cheating. Which is why unpopular dictators end up imprisoning or disqualifying their opponents , and rather than subverting the voting process. America hasn't reached "desperate dictatorship" levels yet, nor will it be there in 4 years. Extrapolating from current events, congressional Republicans are barreling towards a midterm wipe-out.
      - JetSpiegel 2y ago
        > The degree of thumbing the scales has to outweigh unpopularity of the incumbent. Absolutely delusiomal nonsense. Trump lost an election by nearly 10 million votes and still complained about fraud. If he's in power, he will stop at nothing to make sure this fraud thing is the law of the land. It will make Hunter's laptop seem quaint.
ajross 2y ago
Yeah, but the schadenfreude won't last, sadly. The coming recession is essentially inevitable at this point. Q2 earnings are going to be a disaster for everyone, expect economy-wide layoffs by autumn.
dylan604 2y ago
Isn't the market sell off exactly what oligarchs would want so they could sweep in and buy what's being sold off so their portfolios expand that much more. Ultimately, leaving less available for the 99%ers when the market rebounds leaving the oligarchs that much more in control.
- steveBK123 2y ago
  Not really. Too complicated. Trump is not a complicated man. Also if you are wealthy you have more money in the market than sitting in cash, so crashes hurt more than help you.
  - dylan604 2y ago
    How is this too complicated? All of the oligarchs surrounding Trump knows that if they manipulate him to their advantage, he's not bright enough to know it. So, they realize how much he loves the beautiful word "tariff", and the nudge him even further. Voila! It's win-win
  - jredwards 2y ago
    That's generally not true. Crashes hurt everybody, but rich people making a killing during the recovery.
- gruez 2y ago
  This seems epistemically dubious. If Trump decided his first act as president was to cut corporate taxes instead, and stocks rallied, I bet the same people are going to complain about how "this is exactly what oligarchs want". Short of a communist revolution, what wouldn't oligarchs want?
- rich_sasha 2y ago
  Their "money" is actually shares too, so when market crashes, they get poorer. So probably not in their benefit.
  - apexalpha 2y ago

Hoping the VC bros are enjoying what they sowed. IPOs already getting pulled, M&A market dead, market selloff, inflation persisting (soon to rise), probable max tax brackets to rise, etc.

9283409232 2y ago

VC bros want a recession so they can buy everything for cheap. I'm sure they are very very happy right now. Pay attention to REITs.

overfeed 2y ago
They may get that in the short term, but also get higher taxes and a CFPB-on-steroids oversight agency over the next couple of election cycles.
- 9283409232 2y ago
  I feel like people haven't internalized that there may not be fair another presidential election. The SAFE Act is the most Orwellian bill that is highly likely to pass and would tremendously move things in Republican's favor
  - orthecreedence 2y ago
    I looked this up and it seems like something from 2008 about mortgages? Can you explain why this important?
    - overfeed 2y ago
      I wouldn't say it's important, I'm merey speculating on the likely outcomes of VC bros hitching their wagons to a specific political movement, and the public's demand for action after a financial crisis.
  - overfeed 2y ago
    > I feel like people haven't internalized that there may not be fair another presidential election. The degree of thumbing the scales has to outweigh unpopularity of the incumbent. High voter turnout will beat any attempts of deniable cheating. Which is why unpopular dictators end up imprisoning or disqualifying their opponents , and rather than subverting the voting process. America hasn't reached "desperate dictatorship" levels yet, nor will it be there in 4 years. Extrapolating from current events, congressional Republicans are barreling towards a midterm wipe-out.
    - JetSpiegel 2y ago
      > The degree of thumbing the scales has to outweigh unpopularity of the incumbent. Absolutely delusiomal nonsense. Trump lost an election by nearly 10 million votes and still complained about fraud. If he's in power, he will stop at nothing to make sure this fraud thing is the law of the land. It will make Hunter's laptop seem quaint.

ajross 2y ago

Yeah, but the schadenfreude won't last, sadly. The coming recession is essentially inevitable at this point. Q2 earnings are going to be a disaster for everyone, expect economy-wide layoffs by autumn.

dylan604 2y ago

Isn't the market sell off exactly what oligarchs would want so they could sweep in and buy what's being sold off so their portfolios expand that much more. Ultimately, leaving less available for the 99%ers when the market rebounds leaving the oligarchs that much more in control.

steveBK123 2y ago
Not really. Too complicated. Trump is not a complicated man. Also if you are wealthy you have more money in the market than sitting in cash, so crashes hurt more than help you.
- dylan604 2y ago
  How is this too complicated? All of the oligarchs surrounding Trump knows that if they manipulate him to their advantage, he's not bright enough to know it. So, they realize how much he loves the beautiful word "tariff", and the nudge him even further. Voila! It's win-win
- jredwards 2y ago
  That's generally not true. Crashes hurt everybody, but rich people making a killing during the recovery.
gruez 2y ago
This seems epistemically dubious. If Trump decided his first act as president was to cut corporate taxes instead, and stocks rallied, I bet the same people are going to complain about how "this is exactly what oligarchs want". Short of a communist revolution, what wouldn't oligarchs want?
rich_sasha 2y ago
Their "money" is actually shares too, so when market crashes, they get poorer. So probably not in their benefit.
- apexalpha 2y ago