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Joined 1 year ago
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Cake day: February 12th, 2025

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  • Currently? Perhaps, but if you are taking a poll of the general population you need to keep in mind that almost 50% of the population voted for him and would pick someone from the Democratic Party.

    Forever? Probably not. I remember when the world thought nobody could ever be a dumber president than Dubya. And frankly, if Trump didn’t have a snivelling need for love and approval, he would probably implement more of the horrible things he talks about. One day the US could elect that very combination of evil and self-confident.















  • I mean, I agree that the market left fundamentals behind years ago. But when increasing numbers of transactions are handled by robo-advisors all working on similar parameters and institutional ownership is something like 71% of the DOW, can we expect the same result as in 2000?

    Billionaires aren’t going to roll over and go bankrupt - they will manipulate the stock market to make it look like the economy isn’t failing. A crash and government intervention isn’t impossible, but I suspect we are already wallpapering over the mess - note that central banks say “markers of recession” rather than “recession”, because then it can’t possibly be real. They would prefer that the 30% of shares owned by us plebs aren’t panic sold so the problem stays invisible, but if it is, they will buy up the shares at a discount and continue to trade them among themselves with fictional dollars that have been loaned into existence.