Did trump just set the new speed run for a Republican ruining the economy after a Democrat fixed it?
To hear him and his apparatchiks tell it, he was handed a DISASTROUS economy and we can all expect it to take a while for little d to fix it?
As if we cannot see with our own eyes that the economy he was handed was outstanding and his tariffs are the cause of these crashes?
This stuff reads like it was issued from the Ministry of Truth in 1984…
When everyone is fearful be greedy…
I just do automatic investments in a diversified portfolio every month and forget about it. I’m young and in it for the long haul. If shit really hits the fan, none of it will matter anyway.
Sorry to anyone having to retire right now
But I thought Trump was going to make the economy great again /s 🤣
He’ll issue an executive order establishing that the market can only go up
He disbanded the US government agency that develops the annual GDP numbers. Guess how they’ll figure those out next year?
If you guessed “we’ll make some up that are higher than last year” then you’re spot on.
I mean for the longest time it only has gone up… And that’s not sustainable
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
If it’s representing value produced by a population, and that population is both growing in numbers and finding ways for each person to be more productive, it makes sense for the index to go up. The current drop in stock markets is not related to either population decline nor to some widespread productivity hit, meaning sustainability isn’t the problem at hand.
Ultimately, it’s a numerical abstraction. A number can always go up. It does not mean it’s materially better than the number from last year, just that the number is bigger. When inflation goes high but people’s investments do not, that indicates bad stuff.
If inflation and wages and investments and savings all go up consistently, it’s not necessarily unsustainable, it’s just quirky math.
