Earlier quoted context omitted.
With talk of a anticipated 10% to 20% drop in the markets, their silence could be ruinous.
Or they are silently buying the dip till the midterms.
2 years of a 'dip' is, ummm, not just a dip, right?
Wall Street stocks tumble as investors fret over US economic slowdown
111–120 of 287 posts
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#112Earlier quoted context omitted.
With talk of a anticipated 10% to 20% drop in the markets, their silence could be ruinous.
They're busy trying to pass a continuing resolution on Republican-only votes the keep the government open. Because heaven forbid both parties compromise.
> trying to pass a continuing resolution on Republican-only votes the keep the government open
They can’t. They need Democrats in the Senate [1].
It should honestly fail without a provision defunding and deauthorising DOGE.
[1] https://www.politico.com/live-updates/2025/03/10/congress/jo...
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#113This administration is either intentionally performing market manipulation or is simply incompetent. Either way, we all lose. Hope the general populous is happy with their choice, lol.
I don't know why there is this general vibe amongst technologists that they are somehow far superior in their thought process compared to the general populace. I have heard the words peasant class come up quite often in the tech circles. Why is this ? Aren't you part of the general populace ?
At the risk of getting downvoted let me posit a different narrative.
What if the past governments were just propping up growth by increasing government spending. The facts that are coming out now point in this direction.
Unemployment numbers that were fudged and recalled by nearly 1M on two occasions. 35% government hiring in the last 3 years.
What if this is the unwinding that was needed long ago but is happening now.
Yes tariffs are a net negative for the US economy, but there is no guarantee that tariffs will stay as we saw with the Canada and Mexico tariffs.
So may be, the government is not completely incompetent.
This data from Apollo management points to a not so bleak picture.
https://www.apolloacademy.com/wp-content/uploads/2025/03/DC_...
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#114It'll be wild to see how Congress responds.
So far the Republicans haven't been willing to do anything except go along. They are inert.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#115Earlier quoted context omitted.
I don't know — depending on if it gets bad enough, last time we got a New Deal out of it.
After millions died of starvation
Millions did not die of starvation during the Great Depression in the US.
https://history.stackexchange.com/questions/12297/how-many-p...
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#116Earlier quoted context omitted.
I suspect it's incompetent market manipulation.
I think it's possible they are telling their friends of these random policy flip flops to trade the news things like tariff exemptions and crypto reserve. But it's pretty poor politics, businesses hate it, elites see their stocks go down. I don't care what concessions Mexico, Canada or China give if tariffs raise my cost of living and interest rates are kept high
I would be amazed if there is not insider trading going on. The incompetent part I'm referring to is driving down the mid and future value of US stock. Reputational damage is often something that can't be reversed.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#117Earlier quoted context omitted.
No, it was much better. Growth was solid for the entire tenure. Unemployment reached 50 year lows and prime age employment hit 25 year highs.
https://www.politico.com/news/magazine/2025/02/11/democrats-... I will leave this here. I wish I could pin it. It's also very disingenuous to proclaim that the economy is 'terrible' and blame someone that's been in office for 2 months. I'm not just going to assume ignorance on this topic, since HN seemingly has more intelligent people commenting here, but economic changes don't happen this quickly and are a direct re…
This article is what is disingenuous. You can always cherry pick ways why you think some statistics matter more than others, but that doesn't mean that "the data is wrong". I don't have time to go through ever issue, but this one is particularly egregious
> The prevailing government indicator, known colloquially as “weekly earnings,” tracks full-time wages to the exclusion of both the unemployed and those engaged in (typically lower-paid) part-time work... Think of that: American workers on the median are making 16 percent less than the prevailing statistics would indicate.
As if that wasn't always the case. When you actually look at wages for the poorest Americas, they actually rose during the highest during the Biden administration https://www.epi.org/publication/swa-wages-2023/
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#118Remember, this is the president that won largely because of people's dissatisfaction with inflation, and his promises to "fix" the economy. Instead, he's decided to wage a pointless trade war that nobody asked for, and came out yesterday essentially saying he's totally okay with a recession coming out of it. The only thing more absurd is the fact that some people didn't see this coming. He signalled everything that h…
This analysis is lacking. People didn't vote for Trump because they analyzed his proposed economic policies and decided they would improve their situation. Almost nobody votes like that. There's general financial anxiety in the US, and he promised to fix it. What methods he proposed using are almost irrelevant, it's the rhetoric around them that sways voters. The narrative is now one of temporary hardship to excise t…
You are ignoring how trump focused far more on hurting people they don't like(immigrants , trans people and minorities) than on any actual economic policy. He and the Republicans fomented a hate wave and he rode it right back into the White House. So damn shameful for this country
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#119Earlier quoted context omitted.
No, it was much better. Growth was solid for the entire tenure. Unemployment reached 50 year lows and prime age employment hit 25 year highs.
https://www.politico.com/news/magazine/2025/02/11/democrats-... I will leave this here. I wish I could pin it. It's also very disingenuous to proclaim that the economy is 'terrible' and blame someone that's been in office for 2 months. I'm not just going to assume ignorance on this topic, since HN seemingly has more intelligent people commenting here, but economic changes don't happen this quickly and are a direct re…
The data this guy refers to suggests things were _still_ better than before during the Biden term.
I also don't think the economy is currently terrible - but it can easily tilt in that direction and we're on that path right now due to self-created chaos.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#120Earlier quoted context omitted.
No, it was much better. Growth was solid for the entire tenure. Unemployment reached 50 year lows and prime age employment hit 25 year highs.
That’s all true, but there was high inflation and temporarily high gas prices caused in part by the War in Ukraine and OPEC cutting production. The difference is obviously these were not self inflicted like whatever the Trump administration is doing.
Correct