121–130 of 287 posts
This 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.
Stocks won’t fall as far as the economy, so when people start selling off everything not nailed down just for tomorrow’s food, the wealthy can swoop in and buy it all up for pennies on the dollar. It’s the whole game plan, after all. Land, especially: generally speaking no-one is really making any more land all that fast, and when it comes down to your family starving or selling off your land for food, the land goes…
Remember, 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…
Now, the big question is if the meme is gone, or just turned sour. Either way, I'm not seeing people going back to TSLA with Elon's antics.
This 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…
I think the HN crowd (and technologists) are generally better informed on the economy and the nuances on economic growth, inflation, stock market etc. and that's probably the point OP is making. Dont get me wrong, a lot of technologists did vote for Trump.
This 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…
It’s a recent shift. Historically, “technologists” were skeptical of the supposed knowledge of “experts.” When Linus built Linux, the “experts”—the guys with PhDs—said the future was microkernels: https://en.wikipedia.org/wiki/Tanenbaum%E2%80%93Torvalds_deb.... Linus was right. But I feel like today techies would’ve mocked him for being just a student arguing with a tenured professor on a subject in the professor’s field.
Opposition to free trade has been building for 25 years: https://www.britannica.com/event/Seattle-WTO-protests-of-199.... We used to make routers in California and sell them to China. Now we make them in China and Americans drive Uber. Economists tell us that this is efficient, but the public isn’t required to believe them. And it’s fine to try a different approach to see what happens.
Remember, 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…
My guess is that his supporters are so entrenched in their position that they won't care. Trump channelled their anger at how broken the American Dream has become, and they're probably OK getting personally singed if it means the whole thing burns down. However, it will likely be a rude awakening on the other side for them, especially if they find that some of their entitlements were cut (just as they come to need th…
I’m honestly not seeing a way out of this for the die-hard MAGAs other than letting them age out. The problem is less that idiot 20% and more the Obama-Trump crossover voters. They’re the ones we should fight to win back.
Remember, 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…
Earlier quoted context omitted.
> last administration wasn't much better..lol. Lots of layoffs and a general down turn of the economy San Francisco tech saw layoffs. The rest of the economy saw job growth every single month [1] and real GDP growth every quarter except Q1 ‘22 [2]. To the extent there was a fly in the ointment it was a cost-of-living crisis, and Trump seems intent on driving that into overdrive with his tax increases. (Pronounced tar…
> The rest of the economy saw job growth every single month [1] and real GDP growth every quarter except Q1 ‘22 Neither of those "accomplishments" are impressive or unusual. The population is growing, so jobs and GDP tend to grow as well. Negative job or GDP growth are both extremely rare events that happened only during the covid pandemic, the 2008 financial crisis, 9/11, etc.
Earlier quoted context omitted.
My neighbours and I have been buying up cropland on the cheap as a result of the trade war. As an ethical move, we’re only buying in Trump-voting counties from registered Republicans. But at the end of the day, there is massive pain in that sector, particularly among soybean farmers and dairy farmers close to Canada, and it’s directly attributable to Trump.
> As an ethical move, we’re only buying in Trump-voting counties from registered Republicans. That's a strange kind of ethics, refusing to buy from Democrats who want to sell. It's like you're boycotting Democrats.
These are distressed properties. They’re not for sale by the original owners, who probably would prefer to keep them. (Their creditors, on the other hand, want to get paid.)
This 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.