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This implies some sort of intelligent (if evil) master plan. There is no master plan other than "Trump likes tariffs". That's it. That's all it is. He's been
by jiggawatts 2y ago
This implies some sort of intelligent (if evil) master plan.
There is no master plan other than "Trump likes tariffs".
That's it. That's all it is.
He's been talking about tariffs for decades, it's a thing that he likes, and he now has unchecked power. Hence, tariffs.
The tariffs he put in place don't even make sense. They're a Thanos snap on every country, and makes about as much logical sense as that fictional character's evil master plan did! I.e., none.
I seriously doubt Elon likes that Europe will enact retaliatory tariffs on Tesla car imports, halving his market overnight. "Yay! Less sales! Crashing stocks! Woo!"
I very seriously doubt that other billionaires -- who's net worth is tied up in stocks and bonds -- are ecstatic that these are plummeting in value. All of the Reddit memes of "they just want to buy the dip" presupposes that these billionaires all "got out of the market", converted their stocks to something like gold or Bitcoin, and will then buy back in at a multi-trillion-dollar scale. Other than Warren Buffet, nobody has done this. The market would have crashed months ago if they had all sold off simultaneously!
This is WallStreetBets nonsense.
- bamboozled 2y agoElon is already going after Peter Navaro over tariffs and publicly stated he thinks eu and us should have a deee trade agreement. What a moron for backing these people…
- belter 2y agoAnd the U.S. Treasury Secretary is saying he has nothing to do with this: https://youtu.be/YjVlsMGQTb0?t=296 https://youtu.be/YjVlsMGQTb0?t=296
- smegger001 2y ago>I seriously doubt Elon likes that Europe will enact retaliatory tariffs on Tesla car imports, halving his market overnight. Elon is so blasted on drugs and his own fawning internet echo-chamber maga apologists I don't think he's capable of thinking that far.
- merek 2y ago> Other than Warren Buffet, nobody has done this Berkshire's had $334 billion cash at the end of 2024, double the previous year. This is still only 30 percent of their total assets (see link). So while there were some preparations for a major decline (perhaps more so than most companies), they are still very exposed to the market turbulence. https://www.investmentnews.com/rias/berkshire-hathaway-is-piling-cash-advisors-say-thats-not-such-a-bad-thing/259523 https://www.investmentnews.com/rias/berkshire-hathaway-is-pi...