Wall Street stocks tumble as investors fret over US economic slowdown • Hacker News Board

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

#71

Post by SlightlyLeftPad » Mon, Mar 10, 2025, 5:48 PM UTC

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.

How do tariffs fit into the stated goal of “increasing supply?”

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

#72

Post by davidw » Mon, Mar 10, 2025, 5:48 PM UTC

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.

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

#73

Post by yieldcrv » Mon, Mar 10, 2025, 5:48 PM UTC

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.

[flagged]

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

#74

Post by leereeves » Mon, Mar 10, 2025, 5:48 PM UTC

JumpCrisscross wrote: post #23

billy99k wrote: post #9

Earlier quoted context omitted.

[flagged]

> 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.

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

#75

Post by rufus_foreman » Mon, Mar 10, 2025, 5:48 PM UTC

JKCalhoun wrote: post #36

cyberlurker wrote: post #19

Earlier quoted context omitted.

We’ve been waiting for Congress to respond for weeks. I wouldn’t hold your breath.

With talk of a anticipated 10% to 20% drop in the markets, their silence could be ruinous.

The stock market falls by 10% or more on average every 1.2 years: https://www.covenantwealthadvisors.com/post/understanding-st....

There were 5 such drops in 2020, 4 in 2022, and 1 in 2023. Somehow, the nation avoided ruin during those periods.

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

#76

Post by yieldcrv » Mon, Mar 10, 2025, 5:48 PM UTC

SlightlyLeftPad wrote: post #71

iamtheworstdev wrote: post #54

Earlier quoted context omitted.

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.

How do tariffs fit into the stated goal of “increasing supply?”

Entrepreneurs are supposed to offer domestic versions at their own risk

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

#77

Post by Bhilai » Mon, Mar 10, 2025, 5:48 PM UTC

JKCalhoun wrote: post #36

cyberlurker wrote: post #19

Earlier quoted context omitted.

We’ve been waiting for Congress to respond for weeks. I wouldn’t hold your breath.

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.

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

#78

Post by boroboro4 » Mon, Mar 10, 2025, 5:48 PM UTC

ethbr1 wrote: post #45

JKCalhoun wrote: post #36

Earlier 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.

I’m sorry there is only one party which is consistently doesn’t compromise at all. It’s a party of bullies and it’s a party which brought us here (and will bring us somewhere much worse). I’m afraid by now the only option forward don’t compromise with them at all, they understand only power.

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

#79

Post by Rastonbury » Mon, Mar 10, 2025, 5:49 PM UTC

NomDePlum wrote: post #28

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.

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

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

#80

Post by lillecarl » Mon, Mar 10, 2025, 5:49 PM UTC

JumpCrisscross wrote: post #38

lillecarl wrote: post #31

Earlier quoted context omitted.

Honestly though, as someone from Sweden my belief is that you guys could pay a bit more in tax to get social services functioning across the country again. But not the way these muppets are doing it and all other stupid things they're doing.

The Trump agenda is to lower taxes on millionaires like me by cutting Medicaid to the poor and raising grocery-store prices with regressive tariffs. All of the other crap is basically distraction getting slapped down in the courts.

Weirdly enough Sweden has fallen victim to the same thing, a lot of rich man's taxes are gone, like inheritance taxes and low property taxes and such. We've gone from 100 billionaires to 500+ in 20 years, and it's not because of natural growth...

Note that that's SEK billionaire so $100M+-ish

Yay democracy