Hoping the VC bros are enjoying what they sowed.
IPOs already getting pulled, M&A market dead, market selloff, inflation persisting (soon to rise), probable max tax brackets to rise, etc.
Hoping the VC bros are enjoying what they sowed.
IPOs already getting pulled, M&A market dead, market selloff, inflation persisting (soon to rise), probable max tax brackets to rise, etc.
Isn't the market sell off exactly what oligarchs would want so they could sweep in and buy what's being sold off so their portfolios expand that much more. Ultimately, leaving less available for the 99%ers when the market rebounds leaving the oligarchs that much more in control.
Their "money" is actually shares too, so when market crashes, they get poorer. So probably not in their benefit.
Not really. Too complicated. Trump is not a complicated man.
Also if you are wealthy you have more money in the market than sitting in cash, so crashes hurt more than help you.
That's generally not true. Crashes hurt everybody, but rich people making a killing during the recovery.
How is this too complicated? All of the oligarchs surrounding Trump knows that if they manipulate him to their advantage, he's not bright enough to know it. So, they realize how much he loves the beautiful word "tariff", and the nudge him even further. Voila! It's win-win
This seems epistemically dubious. If Trump decided his first act as president was to cut corporate taxes instead, and stocks rallied, I bet the same people are going to complain about how "this is exactly what oligarchs want". Short of a communist revolution, what wouldn't oligarchs want?
VC bros want a recession so they can buy everything for cheap. I'm sure they are very very happy right now. Pay attention to REITs.
They may get that in the short term, but also get higher taxes and a CFPB-on-steroids oversight agency over the next couple of election cycles.
I feel like people haven't internalized that there may not be fair another presidential election. The SAFE Act is the most Orwellian bill that is highly likely to pass and would tremendously move things in Republican's favor
> I feel like people haven't internalized that there may not be fair another presidential election.
The degree of thumbing the scales has to outweigh unpopularity of the incumbent. High voter turnout will beat any attempts of deniable cheating. Which is why unpopular dictators end up imprisoning or disqualifying their opponents , and rather than subverting the voting process. America hasn't reached "desperate dictatorship" levels yet, nor will it be there in 4 years. Extrapolating from current events, congressional Republicans are barreling towards a midterm wipe-out.
I looked this up and it seems like something from 2008 about mortgages? Can you explain why this important?
Yeah, but the schadenfreude won't last, sadly. The coming recession is essentially inevitable at this point. Q2 earnings are going to be a disaster for everyone, expect economy-wide layoffs by autumn.