re: S&P down 10% in 3 weeks

There's always an excuse.

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There's always an excuse.

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cool, America collectively told yall to bite it. You MMT people no longer have power...so bitch and complain about your portfolio, we have no sympathy for you

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On the other hand, going into debt to fund new roads or infrastructure is probably going to cause greater economic growth in the future, and so deficit spending makes sense

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No

The same idiots that think we can print our way out of the hole believe that roads with less lanes work better than roads with more lanes

The only time they work on roads now they just take away a lane

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There's always an excuse.

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There’s really no difference between scottydoesntknow and some prog barista crying about the rich exploiting them and class division, at the end of the day they’re ok if the economy crashes because they’d rather see the prosperous fail to feel better about themselves.

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The tariffs are obviously counterproductive, but it’s 1000% fact that if an actual politician concerned about deficits such as Thomas massie or chip Roy were elected president (with a majority congress to work with) and chose as their main agenda a large reduction in deficits, it would cause market volatility and a very Mediocre market environment for a few years. My point is that the stock market should not guide your policies. There are certainly examples of times where what is best for the economy is bad for the market. For example, raising interest rates in 2022 to deal with inflation. Or cutting spending to address our insanely high deficits. Tariffs are bad not because they are bad for markets, but because they are on net bad for society. Deficit reduction is bad for markets, but good and vital in the long run. Yet I feel like a very vocal portion of this board has become convinced that Econ policy must be in harmony with green markets at all times.

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This is an excellent post. I agree mostly but will just say that it’s not tariffs but trumps constant gamesmanship / uncertainty causing market distress. The market will eventually accommodate tariffs but not until we have some stability. I think we’re in for an extended bear market because I don’t see this crap ending any time soon.

And while the market is not the sole avatar of economic health I shouldn’t have to explain to wal mart greeters on here but will, your 401k wants a healthy market.

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There’s really no difference between scottydoesntknow and some prog barista crying about the rich exploiting them and class division, at the end of the day they’re ok if the economy crashes because they’d rather see the prosperous fail to feel better about themselves.

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If believing that makes you feel better go for it

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I agree mostly but will just say that it’s not tariffs but trumps constant gamesmanship / uncertainty causing market distress.

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The tariffs don't help, but I think his style is definitely a larger part of the problem. Chaos, uncertainty, whatever you want to call it, is not good for the vast majority of business.

I have several suppliers that have made veiled references to liking Trump, but they're not singing the same song right now. The problem is, he thrives on that. It's his way of operating. We saw that in his first term, so I don't think it's going to go away any time soon. The constant back and forth of tariffs on, tariffs off is exhausting and confusing for anyone that deals with any sort of imports/exports. It paralyzes those companies when they don't know what the expect next.

I'll say one more thing, his negotiation style doesn't help, especially when it comes to the geopolitical world. He sees everything as a zero sum game. As long as he wins and the other side loses, he's happy.

This is distributive bargaining. It works if you're buying a car or making a one time transaction where you don't need to build trust and foster a healthy relationship with the other side. It doesn't work in long term relationships where both sides should see a benefit. It breeds distrust and disdain from your trading partner. This is not a healthy, long term approach for geopolitical negotiating.

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Schadenfreude isn’t new, and the angrier individuals get the more powerful their reactions become.

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Id say any anger I have is justified. You MMT people have been ruling for decades. What was the result: third world invasion, industry all shipped out of country, a consumer economy, degeneracy, young folks cant afford a home, marriage rates are in dumps, birth rates are in dump, young folks thousands in student debt because Xers and Boomers told them college was necessary for a job...but there are no jobs.

Thankfully, I had zero desire to work for some boomer and started my own construction business...but my sister bought the lie and after 2 years of searching after graduation...is estatic that she just landed a (shitty)full time job.

Call me names from your ivory tower...I dont care. We arent bailing out your 401k again

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Easy there Luigi! We’ll all suffer equally with the next recession.

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cool

You probably. I dont need perpetual money printing to live ok...but id bet you do

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but my sister bought the lie and after 2 years of searching after graduation...is estatic that she just landed a (shitty)full time job

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what's her OnlyFans link?