“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”
The Kennedy’s made their fortune shorting the US economy during the Great depression.
Everything Trump has done has been calculated. I’d be willing to bet my left testicle that his gambling most of his fortune on heavily leverages shorts. He’s trying to create the greatest possible depression because that will make him the most amount of money.
He knows exactly when he will cut his bullshit so he will settle his short right before making the announcement. Then with all the money he essentially stole from the population he will then buy up large chunks of the economy (and so will his buddies).
Once capital is even more heavily controlled by the upper classes the only recourse left will be violent revolution. All speculation. But that’s what I would be doing if I was trump trying to install a true autocracy.
All we need now is a massive man made natural disaster to strike to make it another great depression. Luckily there isn’t any terrible climate related issue that’s on the verge of causing a catastrophe or anything.
That, and good thing there isn’t a new pandemic brewing in birds and livestock.
Thank god 80% of the bees we use to pollinate all our food didn’t die this last month…
Even if Trump removes every tariff a recession is almost certainly coming. Short to longer term planning, hiring, building, etc will certainly slow down and that kind of things is widespread. People lose jobs, people don’t get hired, people choose not to start a business or invest money in the USA, etc.
The MAGA Nazis are fully embracing AI, and full automation is on its way. All the tech exists right now to fully automate every fast food outlet in America. The could have the supplies stored in robotic warehouses, robotically loaded into self-driving trucks, unloaded into the restaurants robotically, prepared robotically, and delivered to the customer, who ordered it on an app or kiosk. All without a single human touching it anywhere along the way.
Corporations will become wildly profitable with greatly reduced cost of labor and related labor issues (HR, benefits, discrimination, etc), but the additional result will be the loss of millions of entry level and unskilled jobs. These are the jobs where young people learn how to exist in the workplace, where households can have a second income, where people can become managers and make decent livings, etc. And that is only one industry. Every single industry will be impacted by automation and AI, with an enormous net loss of jobs, leading to a permanent unemployment rate in the double digits, possibly as high as 30-40%, or even higher. The impact on the government and our economy of the loss of income tax revenue from those lost jobs is a whole other conversation altogether.
What will happen to all those unemployed people? There seems to be only two solutions: Universal Basic Income, or reducing the population by the permanent unemployment rate. It’s pretty predictable which solution each party would choose, and also pretty predictable how they would choose to accomplish their solution.
Not to forget the ability to let middle management go when there are no workers to be managed as well as the people for low level optimization and planning.
This is a major thing and the reactions are unfortunately downvotes.
UBI is never going to come to the united states. Whats reasonably to going to happen is an uprising and the brutal suppression of it by the police state a la Tianenmen square style or even worse. US have done this against people of color multiple times in its history. This time others will join as well.
This time may be different because the police may have a lot greater reason to join the people than they did in the past. The police’s retirements were also wiped out, and the police’s family members are a lot more likely to have been affected by those tariffs. I think it’s too pessimistic to say what you’re saying, because the number of people affected now is significantly greater.
An uprising seems likely, and an attempt at brutal suppression also seems likely, but the United States regime has also made enemies of almost every other country on the planet, and the groundswell of people is very large. The number of people in the protests today was massive:
https://www.reddit.com/r/50501/
If you see the sheer numbers, it’s enough to give hope.
🙏
China is likely to get AI before the US does. Innovation here is slowing down.
The Federal Reserve now projects -3.7% GDP growth in Q1 2025. The 2008 recession was -2.6%, and covid was -2.2, for comparison.
Lol, if it’s gonna happen, can it really get underway in the next 3 weeks?
The Australian Labor party could ride its credentials from the previous recession, which we basically came out of unscathed, into another term of government. Anything to avoid the Libs (the conservatives, confusingly for everyone else outside Australia).
Might be a bit of a stretch though, since we won’t be able to sell as much raw materials to China as we did back then.
Anything to keep the Libs out of power, pls.
It’s crazy that people thought Trump’s plans were a good idea. Or that they still do, even now.
It’s 100% they are just too scared to say that
You can’t say anything is 100% with a chaotic and erratic president. There’s always a chance that Trump will undo everything next week and things will stabilise for a short while. That chance might be very low, but it effectively invalidates 100% prediction.
60% chance of recession, 40% chance of a depression. “The Greatest Depression”
A golden age is coming!
Even if things just to recover to where they started trumsk will claim it as a giant win.
Frustratingly true
Blood for the blood God.
No one cares about rich people losing money. If they were smart, they would have sold their stocks when Krasnov was sworn in.
He was already talking about fucking shit up with tariffs while campaigning.
Smart people don’t sell stocks and shares when markets crash. They buy instead.
So much fud out there apparently. Time will tell how bad this gets, but this is pretty darn bad.
The Kennedy’s made their fortune shorting the US economy during the Great depression.
Everything Trump has done has been calculated. I’d be willing to bet my left testicle that his gambling most of his fortune on heavily leverages shorts. He’s trying to create the greatest possible depression because that will make him the most amount of money.
He knows exactly when he will cut his bullshit so he will settle his short right before making the announcement. Then with all the money he essentially stole from the population he will then buy up large chunks of the economy (and so will his buddies).
Once capital is even more heavily controlled by the upper classes the only recourse left will be violent revolution. All speculation. But that’s what I would be doing if I was trump trying to install a true autocracy.
I agree with everything you’re saying, except that someone higher up is telling Krasnov what to do and pulling the strings. He’s not smart enough to come up with this himself. Republicans do this every time they’re in office.
If this is what it takes for republicans to never hold even so much as a broken toilet seat, well it sure does suck harder’n a black fucking hole… but it seems this is how we have to learn.
Y’all vote in a republican whenever you’re ready to crash the economy and lose your property to the profiteers buying it for pennies. It’s really something, how it’s like clockwork.
By “y’all”, are you referring to every person that voted this election, or only those that didn’t vote Harris? Y’all seem to be of the impression that Americans is a monolith, and y’all ought to know better than that. 
How was Thursday and Friday not a recession? I lost > 10% of my 401k in 2 days.
It took 4 years to get to where it was since I stopped contributing right after the 2020 panic. 4 years of happily let my money do what it should, BAM wiped out in 2 fucking days.
Get your 401k out of stocks for now. Most plans have money market or other options you can exchange for.
That’s the dumbest advice ever! That’s how you lose all your money. Recession is the perfect time to buy even more stocks and shares. Don’t get out, get in!
Recession is a good time - at the bottom.
We’re still at the top.
You guys have fun losing all your money, though. Like the person I replied to complained about.
The only one losing money is you.
…how?
Selling near the top and buying near the bottom…?
You’re doing the exact opposite.
Howso?
