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Wall Street stocks tumble as investors fret over US economic slowdown

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Re: Wall Street stocks tumble as investors fret over US economic slowdown

#141

Post by helle253 »

boo-ga-ga wrote: post #59
BenFranklin100 wrote: post #22

Tesla stock has been particularly hammered. Ontario apparently cancelled a Starlink contract and Italy is considering to do so as well. Musk’s political antics are affecting his businesses.

But he continues doing what he started. Considering the fact that he is very smart and definitely hungry for absolute power, you can think about his true goal. If he is ready to risk that much of his worth, it means that the potential win for him will bring so much more.

Elon's strong legacy is imo masking a mental decline. People are excusing behavior on his part because of what he's built in the past but imo its not so simple.

Differentiating between 5d chess and delusional behavior is not easy. I'm personally inclined to think its the latter, but there's admittedly room for debate.

The reason I think this is because it is failure mode that is not uncommon in highly driven, egocentric geniuses. Especially one individual who has stated on record that they are taking ketamine, a powerful dissociative drug.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#142

Post by JKCalhoun »

tmaly wrote: post #121
voidhorse wrote: post #7

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.

If you look at all the revisions to the employment numbers over the past few years, one could arrive at the conclusion that a downturn was inevitable.

The timing though.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#143

Post by iAMkenough »

voidhorse wrote: post #7

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.

Of the general populous, there are more people who didn't vote for the current administration than people who did.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#144

Post by xnx »

andrewla wrote: post #135
voidhorse wrote: post #7

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.

Is there a specific aspect of the administration's policies which you believe are causing this? Candidates would include "actual impact of tariffs enacted" or "uncertainty about future tariffs" or the same things but with "geopolitical decisions" instead of tariffs. Or similarly "fiscal solvency" or "profile of government spending" etc. It's all well and good to make untestable post facto explanations based on vibes…

The stock market is based on and is a measure of vibes/confidence.

Deliberately diminishing the importance of the richest and most powerful nation in the world doesn't seem like the move if you want to inspire confidence.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#145

Post by stefan_ »

iamtheworstdev wrote: post #54
voidhorse wrote: post #7

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.

It's intentional. Anyone thinking otherwise hasn't been listening to Treasury Sec Bissent talk these last two months. The goal to lower prices is to "increase supply and lower demand," and yes that's a direct quote. You don't lower demand by asking people to stop buying things. You lower demand by reducing people's ability to buy things.

The same people also say "tariffs are going to bring us so much money" and "we are going to call it the External Revenue Service". So maybe don't read rationality into clueless vibe statements.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#146

Post by stvltvs »

davidw wrote: post #72
paxys wrote: post #49

The standard move is to hunker down for the next 4 years, keep buying low, and wait for Democrats to come back and fix things in their next term. The same cycle has repeated what, 5 times in the last 30 years?

These people are breaking things that cannot be fixed quite so easily. Things like the trust of other nations. Scientific research. There are a lot of things that will take a generation or more to repair, if ever.

They seem to be doing their best to break the American wealth machine so bad that we could see lost decades like Japan did.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#147

Post by skippyboxedhero »

Trasmatta wrote: post #3

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…

One of the weirdest views of Democrats is thinking that because the market has dropped 2% then individual voters are out there with their head in their hands thinking the world has ended.

If you go back a few years and the government (largely the Fed) was destroying the economy, you never saw this type of comment. It seems to be that Democrats specifically cannot think of politics in any terms other than personal, or (indeed) of government function as anything other than a thing that bestows personal benefit. There is no discussion of content, it is just pure personal vitriol constantly.

You see the same thing with left-wing voters in other countries too. Unsurprisingly, this has led to a situation where government spending is massive, most of that spending is handouts, and actual government function has collapsed. Milton Friedman wins again.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#148

Post by itsdrewmiller »

vkou wrote: post #82
idle_zealot wrote: post #25

Earlier quoted context omitted.

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…

Harris also promised to fix it, and had an actual plan for addressing housing, education, medical costs, and prices in general, but we are all now pretending like none of that was a part of her campaign. Anyways, it's telling that everyone who was anxious over $3.50/dozen eggs in November is deathly silent over what's been happening in the past few weeks. All of a sudden, all of those people are now in the 'we have t…

What kind of milk and what grocery store? That claim beggars belief.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#149

Post by LatteLazy »

Trasmatta wrote: post #3

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…

Be careful taking people seriously when they claim to have voted a given way for a given reason; especially a specific reason. They’re usually false claims.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#150

Post by JumpCrisscross »

rufus_foreman wrote: post #138
JumpCrisscross wrote: post #110

Earlier quoted context omitted.

> There were 5 such drops in 2020, 4 in 2022, and 1 in 2023. Somehow, the nation avoided ruin during those periods Come on, look at your numbers. Recession in 2020 with 5 blips on the monitor. Last quarter we saw negative real GDP Q1 ‘22, 4 blips. 1 blip in ‘23 and none in ‘24 while the economy did so well prices overheated. Now we’re seeing 1 blip in Q1. If we annualise that to 4 blips, it puts us back in the last y…

I am looking at the numbers. And what the numbers show is that a 10% drop happens on average every 1.2 years and is not something that needs Congress to get involved in every time it happens. If you can't tolerate 10% drops on a regularly occurring basis, the answer is not to beg Congress for help, it is to invest in something safer with lower returns.

> a 10% drop happens on average every 1.2 years

You’re averaging a non-averageable time series.

> If you can't tolerate 10% drops on a regularly occurring basis

The point is to look at data together. A 10% drop on its own isn’t much. A 10% drop alongside crashing ISM indices and the President being noncommittal on a coming recession is another.

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