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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
bySumDog ( 466607 ) writes:
The economy started collapsing in 2007, but no one really noticed until 2008 (except those who shorted everything and made it big). There are people holding onto their big-silicon shorts right now hoping for a similar payoff. Last year, Intel cut over 80,000 people over the course of several layoffs. I think it's pretty clear the economy has already collapsed and we're not facing that reality just yet, at least not until the big silicon bubble pops.
All the quarterly earnings reports start coming out 28th
bymartin-boundary ( 547041 ) writes:
At least it won't be Trump's fault.
(as I'm sure we'll be reminded)
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bygtall ( 79522 ) writes:
Of course is will be, and rightly so. Those dumb-ass tariffs are hollowing out small businesses, that's why you do not see the impact on Wall Street. Small business do not list on Wall Street. Many of those businesses relied upon stuff from China which now costs more. Added to that, the steel and lumber tariffs that go into many goods the U.S. produces (and it still produces a lot) are raising the prices of finished goods. The export driven farm economy is going down because his dumbass tariffs have caused countries to buy elsewhere; the U.S. can no longer be trusted. la Presidenta could see something odd in his corn flakes some morning and decide a new round of tariffs are in order.
The fun doesn't stop there though. The domestic farm economy relies upon migrant labor, the migrant labor la Presidenta is scaring the hell out of and shipping off to anywhere he can stick them. You might have noticed the mass migration of Americans to take those jobs, should be happening any day now, really, just wait, it's coming.....and the pink unicorns are froliccing in the fields.....the white ones are attending Christian Nationalist rallies, at least the humans seem to see them.
And the dollar has been losing value because la Presidenta cannot stop trying to euthanize the Fed. Reserve, so demand for dollars is shrinking. It turns out foreign investors do not trust la Presidenta to not screw the pooch. Speaking of which, la Presidenta says he likes a weak dollar because "you make more money". Whatever, it means that the regular proles will pay more for foreign goods of which the U.S. imports a lot. Ah, but then they'll be forced to buy American goods. Righto, at inflated prices because the reason they chose the foreign stuff was because it costs less. B....b.....but, then Americans will start new companies to replace the foreign goods. Maybe....in the fullness of time, but I doubt it. And if they do, they will still cost more than the foreign goods because those damn foreigners have been at a long time and know how to make them efficiently. And even if new American companies learn to make them efficiently, they only have to undercut the foreign competition on price by a little bit. The proles will still take it in the neck.
If you look at the jobs stats, then it is clear the economy is not generating jobs and is losing them. The coming LLM bots will cause more jobs to be lost. And if that doesn't pan out, then all that investment is lost. More pain either way.
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bydrinkypoo ( 153816 ) writes:
And even if new American companies learn to make them efficiently, they only have to undercut the foreign competition on price by a little bit. The proles will still take it in the neck.
If you look at the jobs stats
That's really the rub. Even if the manufacturing came back, which I agree it wouldn't, the jobs still wouldn't because automation has increased a hell of a lot over the last few decades. We could bring 100% of the manufacturing back and it wouldn't solve unemployment.
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bySoftwareArtist ( 1472499 ) writes:
The post you're replying to said Christian Nationalist, not Christian. They're not the same thing. See the Wikipedia article [wikipedia.org] which begins, "Christian nationalism asserts that the United States is a country founded by and for Christians."
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bynoshellswill ( 598066 ) writes:
Fewer goods will cost more, when American manufacture is required, but that's OKey. Tuff luck Karen and Biff ! Proles will have meaningful jobs, and NOTHING ... (repeat) NOTHING is more important than that in a (re)publican culture. Meaningful job means: if "they"(citizen) don't produce it then you( all other citizens) do without. In case of fewer dildoes we get more pregnant women. In case of fewer PCs, we more clever "computers"( maths people). In case of fewer fo
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byArchieBunker ( 132337 ) writes:
What is today's kool aid flavor?
byLocke2005 ( 849178 ) writes:
Oh honey, none of us can afford KoolAid anymore. Just lIke Jim Jones, we're all using Flavor Aid now!
bySumDog ( 466607 ) writes:
Fun fact, Jim Jones was likely a CIA MK Ultra operation:
https://www.cia.gov/readingroo... [cia.gov]
https://wikispooks.com/wiki/Jo... [wikispooks.com]
byJunta ( 36770 ) writes:
Part of it isn't, but part of it absolutely will be.
Usually I have been fairly dismissive that happenstance of economic swings one way or the other are blamed or credited to the current president. Good or bad, democrat or republican. There are policies with longer term implications that can set a broad tone, but the dramatic events tend to be associated with private sector happenings.
This time the administration chose to stomp on international trade, and that has real consequences. The dollar has taken a tumble, trading partners that once went along with US over China have warmed to China, prices of everything are up, our exports are impacted.
The tech bubble bursting admittedly will have relatively less to do with the administration, but the tech bubble from a financial perspective has largely provided cover for those fundamentals faltering.
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byjacks smirking reven ( 909048 ) writes:
Yeah this admin is paradigm breaking, we usually could not pin major economic movements on the Executive because they are not supposed to and historically have not involved themselves into such broad matters.
This admin though has decided they want to run anything and everything they can via the White House directly and Congressional Republicans, fully completing their transition into supplicant little worms, have decided Article I isn't really a thing, they have a king to make decisions for them now.
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