Last edited Mon Apr 7, 2025, 01:45 PM - Edit history (1)
so it's still a slow slide instead of a crash.
Even slow slides will wipe out a lot of cash, causing paper profits accrued over the last 15 years to evaporate.
All this is happening because That Fat Grifter's little piggy pea brain couldn't cope with sensibly targeted tariffs and he started to pull numbers out of his fat ass before some simpleton came up with a simplistic formula he could understand, but one that will be ruinous to the world economy.
Republicans always manage to crash the stock market, depress wages, and generally fuck up the economy. It's what they do because their dogma will never work.
Eventually we'll manage to throw them out again.
(Joe did miss one thing: Chinese factory workers have had their wages increased over the years, movoing from nearly slave labor conditions to having that disposable income now. It's not much by US standards, but it did allow them to start buying apartments as investments. China seems to realize that worker prosperity is the key to a robust economy. Wish we could get that through those cement skulled Republicans)