This isn’t a temporary crash. This is upending trade policies that took 75+ years to establish and work out. Using the post WW2 reconstruction of global currency that we practically dictated to the world. We put ourselves in a position of unparalleled power in the new world economy by convincing everyone in the world that we were a stable and trustworthy government who wouldn’t ever betray them.
You can’t bring that back by just “dropping” tariffs.
There’s a literal boycott on US goods right now across the world. Nobody’s buying our shit, and I don’t blame them.
We’re intentionally fucking up the global economy, for absolutely no fucking reason, other than this dementia addled dipshit thinks trade is bad and tariffs are good.
That’s literally the closest thing to saying the earth is flat, from an economists standpoint.
This is going to take DECADES to recover from. If the market is lucky.
We just shot ourselves in the foot with a Russian donated AK-47 on full auto and didn’t let off the trigger until both of our feet were just shredded piles of bone and meat, and the ricochets also caught all of our friends standing next to us in their feet as well. Not as badly as we shot ourselves, but more than they were expecting I suspect.
Yep. Unlike this … person … I got a degree in economics.
This is Great Depression 2.0.
We are fucked for 20 years, and thats the optimistic outcome, assuming we don’t thermonuclearly obliterate ourselves, and not factoring in how even without this entirely avoidable tariff disaster, the intensification of disasters and other stresses from the deteriorating climate was already indicating basically the collapse of industrialized society by about 2050.
You’re not giving this traitor enough credit. He and his are NOT DUMB they completely understand what they’re doing to the US. This, treating him and his allies like they’re ignorant is only helping them…
They are winning… We cannot allow this to continue.
True. Though they’re idiots if they think that crashing the economy will create a “dip” that they can buy back in with.
This isn’t a March 2020 market crash caused by some mysterious impersonal virus.
This is him intentionally killing trade agreements that are practically unrecoverable, and the market reacting to that. The market will not bounce back. Our market was largely based on trade. That period is over now. No trade will be happening, not anywhere near the amounts previous.
The market can’t recover from a policy shift towards chaotic fascism. Because our foreign allies have long memories and China’s been waiting for a moment just like this to take over from the US as the world superpower.
This isn’t a temporary crash. This is upending trade policies that took 75+ years to establish and work out. Using the post WW2 reconstruction of global currency that we practically dictated to the world. We put ourselves in a position of unparalleled power in the new world economy by convincing everyone in the world that we were a stable and trustworthy government who wouldn’t ever betray them.
You can’t bring that back by just “dropping” tariffs.
There’s a literal boycott on US goods right now across the world. Nobody’s buying our shit, and I don’t blame them.
We’re intentionally fucking up the global economy, for absolutely no fucking reason, other than this dementia addled dipshit thinks trade is bad and tariffs are good.
That’s literally the closest thing to saying the earth is flat, from an economists standpoint.
This is going to take DECADES to recover from. If the market is lucky.
We just shot ourselves in the foot with a Russian donated AK-47 on full auto and didn’t let off the trigger until both of our feet were just shredded piles of bone and meat, and the ricochets also caught all of our friends standing next to us in their feet as well. Not as badly as we shot ourselves, but more than they were expecting I suspect.
Yep. Unlike this … person … I got a degree in economics.
This is Great Depression 2.0.
We are fucked for 20 years, and thats the optimistic outcome, assuming we don’t thermonuclearly obliterate ourselves, and not factoring in how even without this entirely avoidable tariff disaster, the intensification of disasters and other stresses from the deteriorating climate was already indicating basically the collapse of industrialized society by about 2050.
Would it going to be that bad? If so, my short positions would do well… sorry for thinking so greedy.
The oil will be gone well before that.
You’re not giving this traitor enough credit. He and his are NOT DUMB they completely understand what they’re doing to the US. This, treating him and his allies like they’re ignorant is only helping them…
They are winning… We cannot allow this to continue.
True. Though they’re idiots if they think that crashing the economy will create a “dip” that they can buy back in with.
This isn’t a March 2020 market crash caused by some mysterious impersonal virus.
This is him intentionally killing trade agreements that are practically unrecoverable, and the market reacting to that. The market will not bounce back. Our market was largely based on trade. That period is over now. No trade will be happening, not anywhere near the amounts previous.
The market can’t recover from a policy shift towards chaotic fascism. Because our foreign allies have long memories and China’s been waiting for a moment just like this to take over from the US as the world superpower.