• Rudee@lemmy.ml
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      2 days ago

      Don’t forget, the Dems have been silently orchestrating the rise in cost of living this whole time! Its only natural that they can crash dozens of stocks the second the votes have been tallied

      /s just in fadr

  • Fishnoodle@lemmy.world
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    3 days ago

    I cashed out my tech stocks last week since this was obviously going to happen. Thanks for the 500% profit and paying off the rest of my mortgage!

  • Elting@piefed.social
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    3 days ago

    You guys still think the president has a button under the desk that inflates or pops the economy or that some secret cabal of investors has majority control of the market. The market downturn in tech is because the voters have resoundingly rejected data center construction. Of course they’re going to politicize it but this is one of the few non-partisan issues to voters in the US.

    • marcos@lemmy.world
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      3 days ago

      The president has several buttons that pop the economy. Trump really loves pressing them.

      • osaerisxero@kbin.melroy.org
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        3 days ago

        Specifically, the executive exclusively has tools to pop the economy, with very little it can (directly) do to improve it.

        • Elting@piefed.social
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          3 days ago

          Its almost like the economy is complicated and can’t be explained by pointing at the actions of one person. The tools the president has for steering the economy are like trying to steer a fully loaded semi on a sheet of ice.

          • Jhex@lemmy.world
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            3 days ago

            Its almost like the economy is complicated and can’t be explained by pointing at the actions of one person.

            So you think that applying tariffs with no basis on reality, insulting all your countries allies and starting a war that choked 20% of the oil supply HAD NO BEARINGS in the economy? It all would have happened almost the same had the orange turd not done these things?

              • paultimate14@lemmy.world
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                3 days ago

                Nuance is irrelevant when talking about overt, obvious, straightforward actions Trump has taken that has tanked the economy.

                If you wanted to talk about a president making small, measured changes to finance legislation we can talk about nuance. If you want to talk about the potential economic impacts of moving away from fossil fuels or pressuring the Fed on some rate changes, we can talk about nuance. If you want to dive into the details of subtle tax policy changes over time we can talk about nuance.

                He started a war unprovoked. He kidnapped a head of state of another sovereign nation unprovoked. He has started multiple trade wars. He has threatened and destroyed the economic relationships with most of America’s closest historical allies. He had DOGE, which was an unprecedented, illegal, and unconstitutional gutting of government services, which didn’t even cut government spending by as much as conservatives would want because a lot of the money was already spent, meaning he just made sure America got nothing in exchange for what they already paid for.

                That isn’t nuance. We are beyond the realms of nuance.

              • Jhex@lemmy.world
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                3 days ago

                are you sure you are not not just projecting here?

                Look I get it, in NORMAL conditions, you are correct… any regular president that engages in normal parameters (and that already includes the standard corruption baked into the system) you are correct. There is little they can do to move inflation, reduce prices, etc

                However, how can you deny that the orange turd actions have no bearings in how the economy is reacting?

                Explain it to me, how does declaring war on Iran and the very predictable closure of the Strait of Hormuz, has no bearings on the heighten price of oil and therefore oil derivatives

                • Elting@piefed.social
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                  3 days ago

                  Im not trying to claim that Donald Trump hasnt hindered the world economy and enriched himself in the process, I am only claiming he has very limited control over immediate market conditions.

          • Wrufieotnak@feddit.org
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            3 days ago

            Well these buttons and the many self destruct buttons of different sizes that the orange also likes to press at random intervals. Remember the tariffs?

      • Stormy@thelemmy.club
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        3 days ago

        And he has literally a bunch of rich guys hanging off his weiner day in and day out. He literally does have a cabal of weirdo rich people doing manipulative shit daily

        • green_goglin@thelemmy.clubOP
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          3 days ago

          Indeed, financial markets aren’t the economy or an accurate reflection thereof. The entire cabinet is constructed of hedge fund bros and investment bankers whom are directly tied to the largest liquidity pools on wall st.

      • fizzbang@lemmy.world
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        3 days ago

        He has mostly used these buttons for personal gain with some expertly timed trades preceding new tariff announcements and some great trades around Iran war announcements. To echo the collective ethos of one of the most corrupt countries in the world, “wouldn’t you do the same if you had that kind of power?” No, a lot of Americans would not use their power to profit off of the suffering of others.

        I can only hope that this isn’t just the AI bubble bursting (who better to orchestrate a soft landing than democrats). I hope that this is the MAGA bubble bursting.

    • Jhex@lemmy.world
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      3 days ago

      If you still think the president of the USA has no say in the markets you are just a fool

      True, they cannot generate structural lasting change overnight but had the MAGAs held on to power, it would not matter at all that Data Center construction was rejected by the electorate, they would just ignore the people… hell, even with the Democrats, it is less than 50-50 chance they would actually listen to the people