Wall Street stocks tumble as investors fret over US economic slowdown

Post by RealityVoid » Mon, Mar 10, 2025, 6:57 PM UTC

rayiner wrote: post #125

deepGem wrote: post #113

Earlier quoted context omitted.

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 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. 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.…

Post by mullingitover » Mon, Mar 10, 2025, 7:02 PM UTC

rayiner wrote: post #157

betaby wrote: post #137

Earlier quoted context omitted.

> definancialize the economy Not sure what does it mean in the context of the economy in general.

The point is to change the incentives to favor building things in the U.S. rather than increasing profits by building things overseas. Consider what high tariffs would do, for example, to Apple. Since Steve Jobs died, Tim Cook has focused on increasing profits by building a hyper-optimized Chinese supply chain. That doesn’t help American workers, and I’d argue in the long run it hurts innovation. But imagine if Apple…

Post by gs17 » Mon, Mar 10, 2025, 7:03 PM UTC

vkou wrote: post #82

idle_zealot wrote: post #25

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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…

Post by andrewla » Mon, Mar 10, 2025, 7:10 PM UTC

Aunche wrote: post #166

andrewla wrote: post #135

Earlier quoted context omitted.

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…

Tariff may be worse for the economy, but threatening tariffs as a "negotiating tactic" with Canada and Mexico is just plain stupid. Unless if they have insider information, businesses simply have no idea how to operate. For example, it would take years to build a factory, and they don't want to sink hundreds of millions in a factory in the US if tariffs don't actually go through or vice versa.

Post by BenFranklin100 » Mon, Mar 10, 2025, 7:13 PM UTC

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.