I wonder if Pam wants to discuss Trump's stock market.

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[–] 109 points 8 months ago (11 children)

I think the double whammy of RAM and oil shortages are almost certain to exacerbate inflation. Digital goods are going to get more expensive because of RAM, and physical goods that need to be shipped from place to place are going to get more expensive due to oil.

Another pointless and endless war costing the world untold amounts of blood and money, all for nothing.

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  • [–] 22 points 8 months ago (1 child)

    I mean it’s not for nothing. It’s to enrich the rich. 🤗

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  • [–] 12 points 8 months ago

    The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls "disaster capitalism". In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization. This economic " shock therapy" favors corporate interests while disadvantaging and disenfranchising citizens when they are too distracted and overwhelmed to respond or resist effectively.

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  • [–] 16 points 8 months ago (1 child)

    I camnot believe Biden left such a mess for Trump to have to clean up. Man its gonna take at least 2 more terms for things to turn around.

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  • [–] 3 points 8 months ago

    It's one thing to see the grinning sycophants in the admin saying it, it's really wild when you see someone parroting this in person at the ground level.

    You expect that stupid shit-eating grin on the likes of Kevin Hasset the smirking chipmunk or when Mikey Johnson is gaslighting all of America, but when you see someone repeat this IRL it really is something: "But Turnip has to dig out from under Biden's terrible economy...."

    I've asked a few of these people IRL exactly what was so bad about Biden's economy toward the end of 2024? I still haven't gotten an answer that was anywhere near to cogent...

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  • [–] 19 points 8 months ago (1 child)

    It's not for nothing. We get distracted from the Epstein-Trump files and whatever unnamed demon is pulling the strings gets a blood sacrifice of a few hundred school children.

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  • [–] 4 points 8 months ago

    Plus, it’s almost certain that this was Mossad cashing in their Epstein chips at the right moment so they could fire their huge strike but also pull the us alongside like “they did it too”

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  • [–] 1 point 8 months ago

    Inflation is also just intentionally caused by tech oligarchs like amazon and rental market monopolists raising prices on everything because they can. So it's bound to go up because bezos doesn't have enough money.

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  • [–] 52 points 8 months ago* (last edited 8 months ago) (7 children)

    just an fyi to anyone without knowledge of the finance industry, all the big indexes and shit are dominated by various algos unless there's a 10% move down.

    overwhelming majority of "X does Y because Z" articles you see out there are just building a narrative after something has moved because it's one giant casino, but the powers that be need people to trade otherwise there's no liquidity to extract. combine that with short-selling (selling things you don't know) and this is where "sell the news" comes from

    so, X drops a bunch for whothefuckknows...push out fearmongering stories it's because of (insert disaster) to get people who don't know any better to sell when they see their retirement accounts down some big figure. or...when your the one running the US...create your own disasters

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  • [–] 19 points 8 months ago (5 children)

    Yep. Its literally just a rigged casino game with an infinite bank.

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  • [–] 8 points 8 months ago* (4 children)

    honestly, the fact the game is rigged actually makes making $ easier than ever with just an amateur level of understanding (though there's a limit to "scalping volatility", eventually you make waves big enough to become the liquidity others are trying to extract) but, the fed's liquidity injections only go so far. ultimately there are no friends on wallstreet/bankstreet, it's a zero sum game and nobody leaves any $ on the table for anyone else if they can help it.

    i will admit to not knowing the full scope of how that fed monopoly $ is moved around (that's mostly through the banks iirc), but i do know someone/s out there is 100% trying to hunt that liquidity down for themselves somehow.

    there are various rule differences between the US and most other world's markets that when you look at them from a high-level they can be determined to exist for only one reason...to "facilitate liquidity/volatility", to make the casino exciting. the rest of world cracked down on the worst examples after 2000-08, but the US left em for shits and giggles.

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  • [–] 11 points 8 months ago (3 children)

    The market doesn't need money from the fed to create money from nothing. When Tesla trades at 1000x its revenue that money just magically appears out of nothing.

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  • [–] 5 points 8 months ago* (2 children)

    coordinated trades to manipulate price action is one very big and common aspect to the casino, yes. but ultimately that number means nothing unless there's actually the liquidity at that level for you to exit your position at a profit (in order to buy in on something else trading low) or you have a position in that stock to trade on margin elsewhere.

    via unique aspects to how US options work, there is a lot of forced buying/selling going on at any time on most tickers

    this is why the powers that be are trying in vain to prop up the wider market, US is most over-leveraged market in the world...when the music stops (liquidity tap closed)...anyone without a chair (not utilizing proper risk management) gets forced to sell, frequently at a heavy discount, as their margin evaporates

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  • [–] 4 points 8 months ago (1 child)

    Except that rich people never sell. They get loans against their assets (i.e. imaginary inflated stock) that they use to buy real assets.

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  • [–] 5 points 8 months ago* (last edited 8 months ago)

    anything tied to the PA, loans included, are at risk when PA collapses. now, this is why tesla is propped up.

    ultimately, PA is determined by whoever has the most $ to move around (and lowest entry/cost) between themselves

    with forced buying/selling via options, and some sort of regular liquidity injection to maneuver around, it is very easy to control something that noone else is actually buying. index funds are required to allot some money to every ticker in X index, ans the overwhelming majority of $ being movdd around is via index funds.

    there's a whole wing of fintech designed around artificially inflating the price of companies right before inclusion in a big index, so they can "dump" on index funds that have to buy

    there are so sooo many levels to shit, it really is the most convoluted predatory casino imagined, where 2 things are rewarded above all else..knowledge (of the underlying fundemental value) and greed. when your greed outpaces your knowledge is when people start blowing up accounts.

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  • [–] 3 points 8 months ago

    Pretty much absolutely this. Seeing the rationalizations day to day that just dont make sense should undermine the explanations, but instead people just latch on the the ones that agree with them...

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  • [–] 76 points 8 months ago (2 children)

    So now it's alright to pay attention to the Epstein files?

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  • [–] 37 points 8 months ago

    The stock market is crashing, and gas is spiking.

    Does that mean we can go back to caring about raping children again?

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  • [–] 35 points 8 months ago (2 children)
  • [–] 8 points 8 months ago (1 child)

    Too bad the Epstein class probably got warning and pulled out all their money leaving your 401k to hold the bag.

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  • [–] 27 points 8 months ago

    "Dow tumbles 1.100 points..."

    SO FAR

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  • [–] 16 points 8 months ago (1 child)
  • [–] 15 points 8 months ago (1 child)

    The stonks are crashing, war is raging, and the ocean is full of microplastic. What to do?…

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  • [–] 12 points 8 months ago
    [–] 11 points 8 months ago (1 child)

    So this means it's time to start prosecutions of pedophiles in trump files, according to the criteria given by Pamela Bondi.

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  • [–] 13 points 8 months ago (1 child)

    Not a word about it on the nightly news or morning news, hmmmm.

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  • [–] 6 points 8 months ago

    Someday, in Bondi's voice: "IT IS UNDER 9,000!"

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  • [–] 3 points 8 months ago

    Good. Keep going.

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  • [–] 3 points 8 months ago (1 child)

    It'll bounce back once they see all the money those government contracts generate. We had KBR driving shuttle buses and Taco Bell being ran out of trailers on the FOBs in 2008 Iraq.

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  • [–] 3 points 8 months ago

    I wonder if Pam wants to discuss Trump’s stock market.

    I think they'll be just as selective about this (and the huge dips right after his stupid and illegal tariffs were announced) just like they are about Donvict's economy in 2020.

    They act like it's no fair to talk about the economy then because of Covid. Sorry, that kind of thing comes with the job, too. And honestly, I don't know what he really did in his first term that would have boosted the economy anyway since Obama already had it on a great path.

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  • [–] 4 points 8 months ago

    He'll blame Biden.

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  • [–] 2 points 8 months ago (1 child)

    This would be a pretty big deal if that was that for the sp500.

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  • [–] 1 point 8 months ago

    USA, USA , bomb them yes ! Yes! Freedom to the world!!!

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  • [–] 4 points 8 months ago

    The war ends when Israel decides it is over since they clearly own our government, financial sector, our tech overlords and soon most of our news outlets. Considering that they've been at war with their neighbors for over 50 years I would not hold my breath.

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