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Posted
5 hours ago, tx 3 putt said:

US recessions since 1950:

1953 - Eisenhower 🔴
1958 - Eisenhower 🔴
1960 - Eisenhower 🔴
1969-70 - Nixon 🔴
1973-75 - Nixon 🔴
1980 - Carter 🔵
1981-82 - Reagan 🔴
1990-91 - Bush Sr 🔴
2001 - Dubya 🔴
2007-09 - Dubya 🔴
2020 - Trump 🔴

2025-?? - Trump 🔴

I started preparing for the recession on November 6, 2024. 

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Posted
2 hours ago, Hermanator said:

'08 was also an own goal. Thanks, Bush and your lax ass regulations on banks

Agreed, and thank you to consumer culture and all of the other shit that contributed as well.

But that was an actual crisis, even if it should have been avoided.  And it's understandable.  Americans bought more home than they could afford, salesmen were greedy and helped people get loans they shouldn't have, banks let that happen, regulators looked the other way, CDO's and CMO's got all fucked up with lower credit tranches than they should have had, so investors were exposed to more risk than they thought, and everybody looked the other way because they were making money or otherwise getting what they wanted.  None of that should have happened, but it all makes sense.  It's just people being people.

This is a crisis created out of thin air, entirely by one man.  And it only makes sense if he actually wants to destroy the world economy, or if his narcissism has advanced to the level of a mental disorder that forces him to hurt people to prove his own superiority.

And we're completely fucked either way.

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Posted
11 hours ago, Brisketexan said:


Well, I assuaged myself by flipping over to watch the aggy baseball team do its impression of the United States: they just got both run-ruled AND no-hit, losing to Tennessee 10-0. It was magnificent…until I realized the metaphor.

They got no-hit AND run-ruled. Oh Aggie.

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Posted
14 minutes ago, Bozo_Casanova said:

They got no-hit AND run-ruled. Oh Aggie.

Not a salve for the women's team getting shrekt by the gamecocks, but that certainly did take the edge off

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Posted
9 hours ago, Vegas64 said:

SIAP:

A table shows some of the biggest recent single-day drops in the S&P 500.

Bro has back-to-back all-time worst crash days with Friday's action.  Good thing we put an astute businessman that went bankrupt six times in charge.

Posted
2 hours ago, TexArcher said:

Agreed, and thank you to consumer culture and all of the other shit that contributed as well.

But that was an actual crisis, even if it should have been avoided.  And it's understandable.  Americans bought more home than they could afford, salesmen were greedy and helped people get loans they shouldn't have, banks let that happen, regulators looked the other way, CDO's and CMO's got all fucked up with lower credit tranches than they should have had, so investors were exposed to more risk than they thought, and everybody looked the other way because they were making money or otherwise getting what they wanted.  None of that should have happened, but it all makes sense.  It's just people being people.

This is a crisis created out of thin air, entirely by one man.  And it only makes sense if he actually wants to destroy the world economy, or if his narcissism has advanced to the level of a mental disorder that forces him to hurt people to prove his own superiority.

And we're completely fucked either way.

And, fault for 08 was pretty systemic, sort of starting with Gramm-Leach-Bliley, and I don't need to remind anyone which Republican signed that into law. /s

Rarely can you find an event like this and lay it at the feet of a single person.

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