Fair. They were probably the first evidence we had of just how bad the underlying systematic problems were, and though not the root cause, still that’s where the avalanche started.
Either way, less than ideal outcome.
Oh yea nothing to see here at all. I mean, it’s not like two hedge funds failing in the summer of 2007 triggered the 2008 near complete financial meltdown or anything.
The whole thing is fucking ridiculous because the premise that a trade imbalance is in and of itself a bad thing is stupid.
In the simplest economic terms, as an example moving our manufacturing to china to take advantage of Chinese slave labor rates is better for us in that we pay lower prices, and better for the Chinese because they get to work and get more wages than farming rice paddies. It is very fucking simple. Hell we spent a whole semester in MBA school in international business class learning why the biggest advantage the US has on the world economic stage is our ability to consume.
We may have beef with China politically but the economics of a trade deficit with China are good for both parties. People really should take a fucking economics class from time to time.
But none of this was ever intended to really be about economics. It’s all about one pathetic human trying to show the whole world how much power he has. I will fuck all of you over just to show you that I can. 100% this and nothing else.
I don’t think it is. If you believe the overall trajectory of being long the us economy, as I do, then short term corrections just mean I buy cheaper shares this month.
If you believe the market is going down 20% to stay for good, then yea I’d agree with you. But I don’t believe that.
This.
Personally I dgaf about today’s stock valuations. Yes, this admin and their policies and actions are beyond fucking stupid. But I’m not a day trader and not selling any time soon. This month I get to buy cheap.