The stock market is really boomer nonsense when you think about it. Because of the fiat money system the boomers invented, it’s now impossible to save for retirement since inflation will just destroy all that value. You have to speculate on stocks or invest money into real estate you don’t need in order to “save money”. Thanks boomers!!
Young people don’t really give a shit about the stock market because they don’t have massive 401ks. All they care about is their wages, consumer goods prices and housing prices. The stock market going up or down hardly affects them.
Boomers on the other hand, even my own mother, consider a 5% decline in the stock market (or housing prices for that matter) to be exactly equivalent of someone stealing 5% of the money they have in their savings account. It’s an absolute catastrophe in their mind. This is why we get retarded Keynesian stimulus and constant bubble creation every time the market starts readjusting to a lower, more sensible level.
I wouldn't be so sure that Trump can "crash the economy" and not pay a heavy political price for it.
He's only been president for 50 days and unemployment remains low. If it starts ticking up all bets are off in terms of his popularity.
I'm really concerned about the tax cut bill that is expected to add $20T to US debt over the next 10 years. All that extra borrowing will push up interest rates which seems like the opposite effect we'd want.
The stock market is really boomer nonsense when you think about it. Because of the fiat money system the boomers invented, it’s now impossible to save for retirement since inflation will just destroy all that value. You have to speculate on stocks or invest money into real estate you don’t need in order to “save money”. Thanks boomers!!
Young people don’t really give a shit about the stock market because they don’t have massive 401ks. All they care about is their wages, consumer goods prices and housing prices. The stock market going up or down hardly affects them.
Boomers on the other hand, even my own mother, consider a 5% decline in the stock market (or housing prices for that matter) to be exactly equivalent of someone stealing 5% of the money they have in their savings account. It’s an absolute catastrophe in their mind. This is why we get retarded Keynesian stimulus and constant bubble creation every time the market starts readjusting to a lower, more sensible level.
I wouldn't be so sure that Trump can "crash the economy" and not pay a heavy political price for it.
He's only been president for 50 days and unemployment remains low. If it starts ticking up all bets are off in terms of his popularity.
I'm really concerned about the tax cut bill that is expected to add $20T to US debt over the next 10 years. All that extra borrowing will push up interest rates which seems like the opposite effect we'd want.
MAGA or die trying. We are with Trump and onshoring and DOGE!