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The strange stuff about the whole scam (pushing the world towards WW3 to make a few bucks) is that the markets are still buying the shit that comes out of Trump
by netsharc 7mo ago
The strange stuff about the whole scam (pushing the world towards WW3 to make a few bucks) is that the markets are still buying the shit that comes out of Trump's orifices. Why does it still go up when he lies about the end of the war coming soon? Is it because the market participants think "Oh, everyone else will do X, so I better do that too!"?
- mindslight 7mo agoWhere else is there to go? It's not like bonds/currencies, metals/commodities, or real estate have intrinsic value that make them productive assets in an economic depression. And big picture, if you look at Trumpism as a gloves-off corpo attack on the Constitutional US government, then equities look like a safe haven regardless of their diminished growth prospects - especially as Trump is itching to get his grubby hands onto the controls of the money printing press (the next big step of neutering the power of USG over corpos). It feels like we're facing a pan-asset "inflation" type effect as an outcome of the everything bubble, where every non-financial thing is about to get a lot more expensive and the goal is hedging to preserve the paper "wealth" you have accumulated. (having written that last part out, it would follow that labor is about to get more bargaining power in comparison. which is so decidedly against the apparent trend that I'm back to scratching my head)