Traitor Watch - The 45 & 47 Thread
- Thread starter Wheelimus
- Start date
I think they are partially right. Wall street seemed to just getting better and better results despite what the average Joe was actually experiencing, so there was due to be a correction. The antics of this administration, though, has worsened the issue in pretty much every way possible. It's like throwing gasoline onto the fire essentially.
I kind of just stopped looking at Wall Street as any real indicator of economic performance about 10 years ago (2012, I think?):
Apple had posted a quarterly result and failed to meet analyst expectations (I think the newest iPhone didn’t do QUITE as well at the time), so the company lost almost 30% of its value in a big sell off.
Keep in mind Apple still posted hundreds of millions in PROFIT, performance most companies would KILL for even then, much less today. But because “line not go up” enough, investors, effectively, punished the company. That really hit me how out of touch Wall Street REALLY was with the rest of the economy.
Apple had posted a quarterly result and failed to meet analyst expectations (I think the newest iPhone didn’t do QUITE as well at the time), so the company lost almost 30% of its value in a big sell off.
Keep in mind Apple still posted hundreds of millions in PROFIT, performance most companies would KILL for even then, much less today. But because “line not go up” enough, investors, effectively, punished the company. That really hit me how out of touch Wall Street REALLY was with the rest of the economy.
Not punishing the company. Not meeting expectations meant that the stock had been going up too much for a while based on expectations.
The buffet indicator was at 230% before trump took office, so it was about 110% over inflated. The stock market really is just it's own thing with no actual connection to reality right now. We are in correction territory, and probably will be for a while.
That said: trumps actions will still cause the market to crash, even past the corrections stage. He is deliberately sabotaging international economics so he can get bribes.
Oh, no timing involved. The crashing is still trumps fault: it would have kept growing otherwise. No connection to reality, but mad profits for the rich, so they were incentivized to keep it going.
If I were the king, the stock market would not have a bunch of people yelling minute by minute and minute by minute access online. You would buy shares by filling out a form and wiring the money and it would be the same price all day long. It would be for people to invest in companies they wanted to own a share of. Not flip, not short, not swing.
Rich turkeys nowadays make a killing when the market goes up, make a killing when the market is stable, and make a killing when it falls.
So our deal with El Salvador is we pay $6 million for them to hold 300 prisoners for a year and they we'll decide. $20,000 a head which is about what our economy would have paid for them if they were here, except they would have put most of that money right into our economy and we would have had their labor creating money for our economy.
And there is room for a ton of speculation on why El Salvador built a prison for terrorists in 2022 with a capacity of 40,000 and it is only half full and they were allegedly the ones that approached our government about holding terrorists for us. Building a prison twice as big as you need is an expensive mistake, if indeed it was one.
And there is room for a ton of speculation on why El Salvador built a prison for terrorists in 2022 with a capacity of 40,000 and it is only half full and they were allegedly the ones that approached our government about holding terrorists for us. Building a prison twice as big as you need is an expensive mistake, if indeed it was one.
Congrats, you broke the code: the stock market only currently exists to prop up oligarchs and billionaires.
They did it on purpose: to get paid to house foreign prisoners. Free labour for el-salvador and an "under the rug" solution for dictators across the world. If they work those slaves hard enough: the prison will never actually fill up.
I dunno, can you? Let's ask congress!
They'd have to pull their heads out of their asses to hear you.
RFK Jr. cuts CDC labs investigating outbreaks of STDs and hepatitis
CDC officials are warning of delays and disruptions due to cuts to laboratory staff.
www.cbsnews.com
I wonder if the person who taught Trump about tariffs will eventually turncoat and write a book. I suspect the story would be that they had no idea he would take it so far.
I was thinking about patterns and this might be #3 of something.
1) Both parties know that illegal immigration is serving a purpose and actually doing some things "better" as long as it is illegal because people can be exploited. They take occasional potshots at each other, but both know not to screw it up. Trump doesn't know not to screw it up and makes it his goal to get rid of it.
2) Both parties know that legal abortion gets them a baseline of guaranteed constituents regardless of other issues and talk and talk about what the other party would do, but know not to screw it up. Trump doesn't know not to screw it up.
3) Both parties know that the USA is in a great position on trade and getting greater value out of exporting technology and IP. They take occasional potshots at each other about manufacturing to score cheap points, but both know not to screw it up. Trump hears that tariffs will bring back the factories and sets his crosshairs on it.
I was thinking about patterns and this might be #3 of something.
1) Both parties know that illegal immigration is serving a purpose and actually doing some things "better" as long as it is illegal because people can be exploited. They take occasional potshots at each other, but both know not to screw it up. Trump doesn't know not to screw it up and makes it his goal to get rid of it.
2) Both parties know that legal abortion gets them a baseline of guaranteed constituents regardless of other issues and talk and talk about what the other party would do, but know not to screw it up. Trump doesn't know not to screw it up.
3) Both parties know that the USA is in a great position on trade and getting greater value out of exporting technology and IP. They take occasional potshots at each other about manufacturing to score cheap points, but both know not to screw it up. Trump hears that tariffs will bring back the factories and sets his crosshairs on it.
He was expecting to have to run for a second term and planned to go full dictator the second time, when he wouldn't have to worry about reelection anyway (one way or another). Losing not only showed him that he'd better hurry up if he wants to do whatever he wants, it also brought out his extra vindictive side. Now he's determined AND pissed off, and everyone will suffer for it.