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Wall Street stocks tumble as investors fret over US economic slowdown
221–230 of 287 posts
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#222Earlier quoted context omitted.
> 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. Part of that is because there were tons of ads focusing on taxpayer funded sex changes for prisoners (funded by pro-Trump orgs): https://youtu.be/kQEMn1yRYVU I have friends and family in Georgia, supposedly a swing…
I mean, sure, if their source of information about her policies is attack ads ran by her opponent, that says more about the media they watch than it does about her. She doesn't control the press, if it won't cover the policies, what is she to do?
According to my family member who notices such things (and is not MAGA or conservative), Trump controlled most streaming ads/narratives, while Harris had more of the broadcast ads/narratives, especially for sports (minimally political).
I wouldn’t be so quick to dismiss this as a media silo issue.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#223Earlier quoted context omitted.
> Why do they need to? Messaging and frankly national security.
So the EU needs to hit back for "national security" reasons against the country which has subsidised their security to the tune of tens of trillions. ...yep, makes perfect sense.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#224Earlier quoted context omitted.
> Depends on your definition of 'help,' no kid in school thinks "Gosh I hope I can become a factory laborer when I grow up." The revealed preference suggests you're wrong. That's why the messaging of every politician that has resonated with the working class, from Bernie to Obama to Trump, it's focused on bringing back manufacturing jobs. > The US doesn't need or want factory workers, it wants citizens who are self-a…
> focused on bringing back manufacturing jobs Everyone focuses on bringing them back, because you're correct that it resonates. However, what goes unsaid is that everyone hopes it'll be someone else going to work in those factories. > You can't be a citizen in a participatory democracy if you're not needed. The cognitive elites that call half the country "deplorables" might choose to give you a dole, but they'll hold…
According to whose value system? By the standards of your typical knowledge worker, almost everyone in my home country of Bangladesh is “racist/homophobic/sexist.” But why do they get to decide? You can bet that in your hypothetical, the cognitive elite will use their leverage over the government dole to impose their value system on everyone else.
Who is “needed” is not a “value judgment” it’s a structural fact about the economy. In a future where the machines make all the goods, you’ll need cognitive elites to operate and maintain them. But most people won’t be needed. And they’ll never be allowed to be full participants in a democracy—which necessarily includes development of social and moral norms.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#225Earlier 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…
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
#226Earlier 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…
It's not enough to have a plan, as a sibling commenter pointed out. Looks more like straight-up irrational team-based tribalism to me. That and ordinary ignorance. How else do you explain a Republican candidate campaigning on raising taxes and winning?
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#227Earlier quoted context omitted.
Entrepreneurs are supposed to offer domestic versions at their own risk
With how quickly the tariffs are added and removed, if I were an entrepreneur I’d find it difficult to lean in on a risky investment that may be undermined or undercut by the eventual and sudden removal of tariffs. I’m curious how this plays out in reality.
and that was just to curry favor as well as get in front of the tariff plans
we'll see if they follow through, but those count as American entrepreneurs too
if there are disruptions on smaller scales, some people will take the risk, and there will be winners and losers as with everything else.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#228It'll be wild to see how Congress responds.
It's commonly said Presidents get 100 days in office to enact the bulk of their platform. It's an approximation, of course, but it's about then that the new-to-office approval rating bump starts to wane and Congress starts gearing up for midterms. We're about half way there. If the economy is in bad shape in May, I would not be surprised if Congress intervenes on tariffs. The fear of being primaried by MAGA loyalists…
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#229Earlier quoted context omitted.
It's commonly said Presidents get 100 days in office to enact the bulk of their platform. It's an approximation, of course, but it's about then that the new-to-office approval rating bump starts to wane and Congress starts gearing up for midterms. We're about half way there. If the economy is in bad shape in May, I would not be surprised if Congress intervenes on tariffs. The fear of being primaried by MAGA loyalists…
> Congress intervenes on tariffs the tariffs on Canada/Mexico haven't gone into effect yet and Trump may yet again change his mind or end up keeping it restricted to a few select industries (i.e. steel) who are clamoring for it (my guess is the latter) As for China, I think many in Congress from both parties are supportive of them, so I would expect those to stay
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#230Earlier quoted context omitted.
> focused on bringing back manufacturing jobs Everyone focuses on bringing them back, because you're correct that it resonates. However, what goes unsaid is that everyone hopes it'll be someone else going to work in those factories. > You can't be a citizen in a participatory democracy if you're not needed. The cognitive elites that call half the country "deplorables" might choose to give you a dole, but they'll hold…
> One person called half of Trump supporters that, referring to an undeniably real subset of that voting block that is racist/homophopic/xenophobic. According to whose value system? By the standards of your typical knowledge worker, almost everyone in my home country of Bangladesh is “racist/homophobic/sexist.” But why do they get to decide? You can bet that in your hypothetical, the cognitive elite will use their le…
This is what the elites often assert before the mobs with guillotines, torches, pitchforks, etc come for them.
Who gets to decide who is a participant? Ultimately it's the group that seizes power. You might think that a tiny group of despotic people can hold out against the overwhelming majority (South Africans sure tried, and some are still bitter that they failed at it) forever, but this type of thing never lasts, fortunately.