Can we still blame Biden? /pink
On no the worst quarter in two years …the horror the horror
(What was it down in percentage terms? How’s that compare to previous quarters exclude or include Covid at your discretion?)
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Do you see this improving anytime soon? I do not.
IIRC your in the finance world. Im in the purchasing world. Im starting to see purchasing stop until things get sorted. And with construction prices facing an 8-10% increase, i think we are heading toward a further recession.
New home inventory has reached a 2009 level.
Nothing bad happened then, right?
Nope…I see us melting further down unless the tariffs talk comes to an end.
Moved a chunk of cash to long bonds awhile ago and staying that way
The column that linked the post (@justinwolfers.bsky.social on Bluesky) that had this graphic said worst quarter compared to the rest of the world since the 80’s but can’t verify that.
Maybe Trump just got offended when we kept saying the president didn’t have that much control of the economy.
The stock market and economy are doing remarkable well - all things considered.
People seem to be vastly underestimating the
Dictatorships ability to destroy the economy and property valuations.
Imagine what would have happened if Trump were president in 2007-2012?
My post was based on an article 8n the WSJ. Im not following your point.
It is the worst quarter for the stock market in 2 years.
It is the worst quarter for the stock market in relation to the rest of the world in 40.
This is all self inflicted by Trump and his acolytes.
So much winning.
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We will see how the market does tomorrow. But those trading in futures are not very excited. To say the least.
We’ve bounced off the lows…thin trading both ways
A bigger issue could be hedging of foreign markets with SP. That could create a fucking feedback loop. Yay
Yeah, and none of the moves by this administration of hit the economy yet. How many billion in subsidies to farmers have been cut (sorry they were called food aid to the poor) small farms are all ready closing. Auto sales peaked, cause everyone rushed to buy a car, now get ready for the price increases.
Really, explain how any of this is good for business in the next 3 -5 yrs. The impact to total national spending will be insignificant, Stagflation is headed here in the next quarter. Price increases are coming, and unemployment is going up. BOLD that cause the administration is not denying it and neither side disagrees.
Q2 says to Q1, “hold my beer”
I remember when a few of these posters, and one in particular, used to whine about people rooting for the US to fail/do badly.
I wonder if that same poster remembers his position… nah!!!
The regret from my Trump voting friends that were not totally in the cult, is painful to watch. One guy that was so worried about the inheritance tax is now down over a half million in his 401k. And all I can say is you voted for this, did you not think you were included in all his nonesense?
Market was down over 1200 pts early this morning, think this day was aptly named recession day. No doubt it is coming now, even after all the hard work of the past 4 years to avert it and build the US economy the best in the world post covid.
But what many dont realize is that Trump is actually winning. Once he crashes the entire economy, other countries go to tariff war with us, he will then be able to declare his state of emergency and run the show like a real dictator. Everything is going according to plan…
You are suffering a severe case of TDS.
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Nihilism is common in the MAGA cult.
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It’s not rooting for the US to do badly. It’s rooting for it to do great and then being so sad and angry that it isn’t that all you can do is laugh. Windy is a Bears fan, he can understand the sentiment.
Tariffs are like passing on Mahomes to draft Mitch
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Of course Rudy Giuliani rang the bell today. So appropriate
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