I’d argue that’s reversing cause and effect. A cratering economy on Main Street often gets reflected as a crash on Wall Street.
Sometimes the outcomes diverge. One common analogy in finance circles is that the stock market is like a hyperactive puppy on a long leash being walked by a slow owner whose gradual movements trend in a particular direction while the puppy erratically moves back and forth near that owner. Maybe it’s some kind of hype or panic moving markets in a way that’s uncorrelated with the underlying economic activity. Or it’s a specific play on a specific type of financial instrument that has become untethered from a thing it used to be tightly wound up with. Many financial panics happen when correlations between things break down, and all the financial engineering in a particular type of product relied on a bad assumption so that it spreads to other financial products.
But in many cases, they move together because the people buying and selling stocks feel sentiment driven by actual economic fundamentals.
Yeah, it’s absolutely fucked. My laughter comes from a place of being glad that some faces got ripped to shreds by leopards and then also because it’s the only thing to keep my mind from totally fizzing out from this mountainous heap of daily shit we’re subjected to. And then the rest of the world is getting dragged into it so fuck. Just fuck.
Heya you are correct that the rest of the world is being dragged into it. The tarrifs for us (Australia) have a little silver lining though, our meat will be cheaper if what we exported to the US stays here and no alternative market is found so I am happy about that. The farmers will feel it but us Aussies are always happy to help bail the farmers out tbh, could be a good opportunity for us to create something similar to USAID and send some food where its needed. Who knows really, but its an opportunity for everyone except the US. So thanks for making every other nation (that was trading with the US) great again.
Well we did have AusAid, just got renamed to DFAT (Department Foreign Affairs and Trade), which do provide assistance to foreign nations but our scope is limited and as far as I could see we were not really buying any excess agricultural production to send off. I have to look into it because maybe we don’t or all of ours is absorbed into the Asian markets. But was thinking due to the US BS could be a good opportunity to still help our farmers while doing some good at the same time. Bang for our buck, when I saw the USAID doing it for their farmers before it was cut I thought its a great program that provides benefits across the board.
Oh it could definitely be beneficial to Americans, it could very well collapse the US which would probably spur on a post Imperial boom. Basically if the US collapses the inevitable economic reorganization could cause some areas to improve greatly.
Problem is that I suspect that you’d also have what would amount to a Crusader Khmer Rouge or two forming, upside is that’s what punitive campaigns are for. Also id prefer if the entire US didn’t turn into that.
Hell yeah, I think the power the US has had over the world has been abhorrent and just straight up imperialism in the modern world. This shit storm has been very fucked up to witness and attempt to fight but I’m really happy to see how several countries have responded to counter it and even empower themselves more and do a lot of good from it. So many fucking Americans have no remote clue how easy we have had it and I fucking hate them for bringing this shit to the world but at least they’ll be getting a reality check that they probably won’t process anyway but fuck it. And the US needs to stop having such a disgusting amount of power. I’m glad there’s some positives out of it, most of this shit hasn’t surprised me but the tariffs against Australia really took me by surprise honestly. Hope things work out for you all for the best
A recession is basically only those jobs hiring. Its the opposite of a bubble where because nobody has spare money nobody is spending so nobody is hiring and everything is undervalued. That’s why the only solution to the great depression was to hire a ton of people to do something.
The stuff the ccc did was awesome, they preserved huge chunks of America’s cultural heritage, made beautiful things, and made lots of natural beauty available to the masses. Go to any national park that existed at the time and you’ll see it. But they existed to take the masses of itinerant labor and put them to work for reasonable wages. It kickstarted the economy, fed people and gave them money to send to their family, and ensured that skilled labor remained as such.
Straight up, that’s probably going to be what this takes to get out of. A green new deal. Not the bullshit one we had proposed. Not the infrastructure act. No, hiring a fuck ton of young people to lay high speed rail lines and build solar and wind farms and battery facilities at wages that will let them reproduce and restart their local economies.
Only a government can do that. A company would pay market rates and expect a reasonable profit. A government can tax hoarded wealth, seize assets, and generally compel the behavior that gets you out of that mess.
We live in a capitalist society (unfortunately). Rich people hoard their capital during recessions, which means fewer job openings. I graduated HS during the 2008 recession, and it took me 6 months of applying everywhere I could to get a temp job in a factory paying minimum wage (and no benefits or any job security at all, of course). It was literally hard to get a job at McDonald’s or Wendy’s. IIRC, it took nearly both of Obama’s two terms for the job market to recover to what it was. So yeah, you may be able to find a job after a lot of hunting, but everyone’s so desperate they’ll accept anything. The way things are going with deregulation and all that, I wouldn’t be surprised if company-towns make a comeback (which, incidentally, is kind of like the corporate city-states people like Peter Thiel, who worked with Musk and groomed JD Vance, openly talk about).
If jobs need to get done, you’ll be able to find positions to work in.
Yeah, agreed. No guarantees that they’ll pay a wage you can survive on though, or that they won’t cut corners on worker safety etc. There were lots of jobs during the industrial revolution but most were profoundly shit to the point they’d shorten workers’ lives.
As an impoverished no body with nothing to lose in this country, I’ve just been laughing my ass off.
This is bad for us too. A cratering stock market slows down hiring which depresses wages and makes it harder to find work.
I’d argue that’s reversing cause and effect. A cratering economy on Main Street often gets reflected as a crash on Wall Street.
Sometimes the outcomes diverge. One common analogy in finance circles is that the stock market is like a hyperactive puppy on a long leash being walked by a slow owner whose gradual movements trend in a particular direction while the puppy erratically moves back and forth near that owner. Maybe it’s some kind of hype or panic moving markets in a way that’s uncorrelated with the underlying economic activity. Or it’s a specific play on a specific type of financial instrument that has become untethered from a thing it used to be tightly wound up with. Many financial panics happen when correlations between things break down, and all the financial engineering in a particular type of product relied on a bad assumption so that it spreads to other financial products.
But in many cases, they move together because the people buying and selling stocks feel sentiment driven by actual economic fundamentals.
Yeah, it’s absolutely fucked. My laughter comes from a place of being glad that some faces got ripped to shreds by leopards and then also because it’s the only thing to keep my mind from totally fizzing out from this mountainous heap of daily shit we’re subjected to. And then the rest of the world is getting dragged into it so fuck. Just fuck.
Heya you are correct that the rest of the world is being dragged into it. The tarrifs for us (Australia) have a little silver lining though, our meat will be cheaper if what we exported to the US stays here and no alternative market is found so I am happy about that. The farmers will feel it but us Aussies are always happy to help bail the farmers out tbh, could be a good opportunity for us to create something similar to USAID and send some food where its needed. Who knows really, but its an opportunity for everyone except the US. So thanks for making every other nation (that was trading with the US) great again.
I hope you call it AusAID, it’d be perfect
Well we did have AusAid, just got renamed to DFAT (Department Foreign Affairs and Trade), which do provide assistance to foreign nations but our scope is limited and as far as I could see we were not really buying any excess agricultural production to send off. I have to look into it because maybe we don’t or all of ours is absorbed into the Asian markets. But was thinking due to the US BS could be a good opportunity to still help our farmers while doing some good at the same time. Bang for our buck, when I saw the USAID doing it for their farmers before it was cut I thought its a great program that provides benefits across the board.
Yeah its a no brainer situation like paying farmers to fallow so your soil can heal
Oh it could definitely be beneficial to Americans, it could very well collapse the US which would probably spur on a post Imperial boom. Basically if the US collapses the inevitable economic reorganization could cause some areas to improve greatly.
Problem is that I suspect that you’d also have what would amount to a Crusader Khmer Rouge or two forming, upside is that’s what punitive campaigns are for. Also id prefer if the entire US didn’t turn into that.
Hell yeah, I think the power the US has had over the world has been abhorrent and just straight up imperialism in the modern world. This shit storm has been very fucked up to witness and attempt to fight but I’m really happy to see how several countries have responded to counter it and even empower themselves more and do a lot of good from it. So many fucking Americans have no remote clue how easy we have had it and I fucking hate them for bringing this shit to the world but at least they’ll be getting a reality check that they probably won’t process anyway but fuck it. And the US needs to stop having such a disgusting amount of power. I’m glad there’s some positives out of it, most of this shit hasn’t surprised me but the tariffs against Australia really took me by surprise honestly. Hope things work out for you all for the best
If jobs need to get done, you’ll be able to find positions to work in.
Don’t be fooled into thinking we can’t succeed unless rich people get theirs.
A recession is basically only those jobs hiring. Its the opposite of a bubble where because nobody has spare money nobody is spending so nobody is hiring and everything is undervalued. That’s why the only solution to the great depression was to hire a ton of people to do something.
The stuff the ccc did was awesome, they preserved huge chunks of America’s cultural heritage, made beautiful things, and made lots of natural beauty available to the masses. Go to any national park that existed at the time and you’ll see it. But they existed to take the masses of itinerant labor and put them to work for reasonable wages. It kickstarted the economy, fed people and gave them money to send to their family, and ensured that skilled labor remained as such.
Straight up, that’s probably going to be what this takes to get out of. A green new deal. Not the bullshit one we had proposed. Not the infrastructure act. No, hiring a fuck ton of young people to lay high speed rail lines and build solar and wind farms and battery facilities at wages that will let them reproduce and restart their local economies.
Only a government can do that. A company would pay market rates and expect a reasonable profit. A government can tax hoarded wealth, seize assets, and generally compel the behavior that gets you out of that mess.
We live in a capitalist society (unfortunately). Rich people hoard their capital during recessions, which means fewer job openings. I graduated HS during the 2008 recession, and it took me 6 months of applying everywhere I could to get a temp job in a factory paying minimum wage (and no benefits or any job security at all, of course). It was literally hard to get a job at McDonald’s or Wendy’s. IIRC, it took nearly both of Obama’s two terms for the job market to recover to what it was. So yeah, you may be able to find a job after a lot of hunting, but everyone’s so desperate they’ll accept anything. The way things are going with deregulation and all that, I wouldn’t be surprised if company-towns make a comeback (which, incidentally, is kind of like the corporate city-states people like Peter Thiel, who worked with Musk and groomed JD Vance, openly talk about).
Yeah, agreed. No guarantees that they’ll pay a wage you can survive on though, or that they won’t cut corners on worker safety etc. There were lots of jobs during the industrial revolution but most were profoundly shit to the point they’d shorten workers’ lives.