Another Dow Jones 2231 point Meltdown – Where are your free market Gods now Milton Friedman? DON’T CHECK YOUR KIWISAVER!
Don’t look at your KiwiSaver!
I told you Trump was a fascist.
I told you Trump was a fascist.
I told you Trump was a fascist.
His inane belief in starting a trade war is that it links to actual war.
He’s here to fight the great last battle for a white Christofascist American super state that stretches from Canada to Greenland to the Panama Canal.
He believes God saved him from assassination for this purpose. Oh and to annex Gaza, God want’s him to do that too. And make Putin and Ally, God is pretty clear on that too apparently.
Nothing helps terrify smart people in markets more than this equation:
It’s the bullshit pseudo economic formula that no one else on the planet uses other than a small evangelical clique around Trump to justify the Tariffs.
Something almost every economist on the planet has called out as bullshit.
That’s why the markets are shitting themselves, this is all insane.
Trump wants chaos, he believes conflict is coming, he intends to stay on for a 3rd term because he’s a fascist who will never hand over power again willingly.
People are still refusing to believe he is what he actually is.
By the way, is now the best time to allow the Big Aussie Banks to lower their capital requirements as Trump tips the planet into a global trade war?
Isn’t this the very crisis that Reserve Bank Governor Adrian Orr was preparing us for?
Folks, Trump intends to plunge the planet into war to reshape his white Christofascist American super state, that’s why none of this makes sense, because it doesn’t make sense until you appreciate how deep Trump is into his god blessed narcissistic delusion!
Folks, it’s only going to get progressively worse from here.
He’s only been in power for 11 weeks.
Increasingly having independent opinion in a mainstream media environment which mostly echo one another has become more important than ever, so if you value having an independent voice – please donate here.
How about the rest of the world trade amongst themselves and marginalise USA? Won’t happen overnight given all the supply chains and entanglements,
but there have to be mutually beneficial avenues.
Consumers and workers would be in, given predictions already of NZ $4000 top end iPhones.
another recession on the way and trump and his mates are rejoicing because they can scoop up shares for half price .But what they dont realize is that they were way over valued already and wont be worth much more in 2 years from now
The free market is in free fall because it is not free but has always been manipulated by rich pricks just like our housing market .If the market was truly free there would not be wild fluctuations .
Wall St and its derivatives work on the two principles of fear and greed but what’s the advice: Don’t sell yet! Contain your fear! Some will sell – at some point in the downwards cycle – from an investors view the trick is knowing when to sell – then wait for the next upwards surge, the next adrenaline hit of greed.
How much fear is there? Enough to bring the whole caboodle down?
The share market is a casino and a house of cards – I doubt that it tells you anything much about the real economy. If 5% of some entirely notional and immaterial ‘wealth’ gets wiped out in a single day because people get bad vibes, well that’s just the intrinsic nature of notional wealth and the ‘animal spirits’ that drive the desire to make unearned income. It can all magically reappear tomorrow. The Dow is at about the same level as it was a year ago.
Trump is a menace, but we are as stupid as him if we take short-term sharemarket movement too seriously.
Yes, as someone pointed out over coffee the other day there’s two aspects, the share market and the real economy, how the actual business is performing.
Where are you Zelda, your facist leader needs your support.
Note that the worst performing stocks were the ones relying on Chinese slave labour. Amazon. Nike. Apple. Their business model is now broken. Meanwhile there has been over 2 trillion dollars in fixed capital investment announcements in the USA since Trump won.
When Trump made the announcement on the Whitehouse lawn, the media deliberately avoided showing who his audience was: Union reps from across the USA! They cheered wildly.
Both Ford and GM are putting on additional shifts and refurbishing old plants. The American worker is back!
On 8.50/hour.
NZ kiwisaver has been killed but thanks anyway Andrew we see where your loyalty lies. Why are you in NZ ?
The EU esposes the biggest tax in the history of the planet and no one bats an eye.
Trump imposes tax and everyone loses their marbles.
Get up off your knees Zelda you’re too old for Trump now. You have no marbles too lose.
A lot of Americans seem to have lost their enthusiasm for regime change
lol imagine having your kiwisaver in anything but a cash fund