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If your goal was to see the US recede as the global economic leader you couldn't create a better playbook than the one being done by this administration.
by sumeno 1y ago
If your goal was to see the US recede as the global economic leader you couldn't create a better playbook than the one being done by this administration.
- arghwhat 1y agoShock and uncertainty causes large dips in the stock market. As as long as the economy isn't completely toast by the time you backpedal completely, it'll recover somewhat. Just imagine the money you could make if you could induce such events on demand, with only you and your friends all being prepared for it! Just a thought. Purely hypothetical. No one would do that. Surely.
- rchaud 1y agoStocks going down you say? Not to worry, Uncle Sam will graciously buy your shares on the open market to keep them from dropping further.
- overfeed 1y agoHow long before treasury directly starts buying private shares in companies owned by the politically connected? This unsophisticated, banana republic grifting that Americans used to deride 3rd-world countries for.
- pjc50 1y agoOr the Intel setup, where the government simply bullies its way into an equity stake by reclassifying already agreed grant payments.
- Tadpole9181 1y agoGrants that Intel was denied because they hadn't made milestones yet! We gave them already proportioned money they failed to earn!
- janice1999 1y agoFor the unaware: "Trump brags in Oval Office that his billionaire pals made a killing in stocks after he pulled the plug on tariffs" https://www.independent.co.uk/news/world/americas/us-politics/trump-billionaire-profits-dropped-tariffs-b2731386.html https://www.independent.co.uk/news/world/americas/us-politic...
- fsckboy 1y agobecause the stock market liked his actions or the economic responses, as billionaires would make bank on any stock market increase, as would everyman's retirement account.
- jonny_eh 1y agoI agree. But why is the US stock market not tanking?!
- estimator7292 1y agoLargely because of AI hype. We'll see some real consequences once that bubble pops
- razodactyl 1y agoI'm not sure where to stand on this statement so I can only sit back and watch: I thought we would meet another AI winter ~2015 when we saturated computer vision and classification problems - then things started taking off for a little bit but settled but then things really took off... You're still likely right as things must always come down but what if it doesn't.
- trenchpilgrim 1y agoI was riding through a town in Nevada with less than 200 people the other day. There was a billboard advertising that readme.com now supported MCP servers. If that isn't a bubble I don't know what is. Remember, the dotcom bubble didn't mean the internet was a dead technology. It meant that money was being invested into ideas that didn't pan out into profit.
- rodrigodlu 1y agoDid you looked at Forex few hours before tarif announcements against Brazil (BRL vs USD) then few days later with the EU (EUR vs USD)? You're looking at the wrong board despite thinking about the same game.
- ethbr1 1y agoThis is part of the answer. The clearer answer is: the US stock market is denominated in dollars. If dollars devalue, then the price of real assets and equities in dollars increases (i.e. equivalent value, different number). It's entirely possible two things happen at once: (1) US companies become less profitable and competitive due to tariffs (thereby decreasing their objective value) & (2) US dollars devalue (thereby increasing assets value in terms of US dollars). Realistically, persistent inflation, international willingness to buy US government debt, and/or consumer confidence will be the things that collapse everything. (Or not)
- fsckboy 1y agoor, the US is receding because its post WWII hegemony is naturally receding and because modern economics and technology is global. so the point you need to try to make is, "what is the playbook for managing increasing parity among international players?"