@TrevorGoodchild@KarlDahl@PraxisOfEvil@deprecated_ii As someone with no training in economics, "line must always go up" has the feeling of a sweaty, jittery junkie casting about for his next fix. Getting clean can suck, but it's always worth it.
@TrevorGoodchild@PraxisOfEvil@deprecated_ii Keep in mind also that there are guys freaking out who are nominally "our guys" who, despite their rhetoric, like the old system because they know how to play it, which makes them feel smart/superior
Remember that the reason the casino is relevant in the first place is that it was the only consistent way to beat inflation. Used to be people could just put money in the bank, or bonds, vs. gambling, but the people who own the casino put that monetary policy in place to grab that fucking money. If you have to play the game to not lose every year, you're also beholden to the casino to set policy
"Burn it to the fucking ground and replace it with something good for our people," except I actually mean it
@PraxisOfEvil well here's something to know about the stock market. most of the money moving around is not in stocks, but in derivatives. derivatives are about future expectations, essentially gambling on what they think will happen. that's why whenever there's a big surprise, the market tanks
this isn't about tariffs per se. it's about a big move they didn't see coming. it literally doesn't matter what the move is, if it's too big they will freak out. wall street's reaction says absolutely nothing about whether a move is objectively good or bad for the country and the people in it
@deprecated_ii Fair enough, I think a lot of people's panic is exasperated by media manipulation, the dip is bad but I've been seeing people compare it to 2008 and they're waaaay off. Wall street is always freaking out about something and I guess I got dragged into it myself. I need to touch more grass tbh
@deprecated_ii No I just find it funny that so many people pretend to be experts on the topic, just like we had vaccine experts come out of the woodwork after listening to Robert Malone on Rogan 5 years ago
Everything I know about tariffs I learned in the last 72 hours, I can assure you it's all the guys having panic attacks on the floor of the NYSE that are wrong