Circuit breaker triggered in Japan for stock futures trading
Circuit breaker triggered in Japan for stock futures trading
www.wsj.com
wsj.com
Hold on to your butts.
52 comments
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This crash has to be so bad that the next US President that even so much as hints at wanting to use tariffs for any purpose other than what they're intended for, would be personally walked to the gallows.
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“Next US president” is a hopeful prognostication. Trump seems intent on crashing the US economy into the side of a mountain
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I heard a lot of conspiracy theories by now, that frankly portray mostly the same concepts in a pretty convincing manner, that say that this is exactly what they want to happen. And that's pretty damn scary.
Basically a new world order where everyone is poor and the billionaires control the world as the new monarchs. They take the world not by violence but by systematically destroying the world economy and having enormous amounts of money themselves.
Pretty freaking scary if true, because all the steps are apparently working splendidly.
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This has happened once every 100 years or so. And each time it's a complete disaster for the country.
Give it another 100 and history will just repeat itself again
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I'd like to think we would have enough sense this time to setup a system to perpetually redistribe excess wealth
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Say you don't believe in extreme longevity without saying you don't believe in extreme longevity 😁
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This is going to be really interesting to watch unfold. I hope I keep my job until capitalism collapses
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I lost mine on Thursday... I'm trying to think of it as a comedy of errors, but I admit, it stings a little.
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Comrade Donald Trump. No other communist has done so much damage to the American Capitalism® in such a short time. Bravo!
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Head over to Reddit if you want to hear about how the Biden Depression is upon us
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Market go boom
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I’ve been at Universal Studios Japan for the last 2 days. Based on the crowds and lines at every single merchant, it seems like all you have to do is expand USJ and you will print money
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Honestly, we've needed this crash since back when Obama was president, and we got a bunch of propped up corporations. They socialized the losses, so to speak.
Nobody I know in poverty is affected by stocks, so fuck them all.
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Umm, that is very shortsighted.
Sure, a market crash means nothing to someone who doesn't own stocks. But it means a lot to their workplace, food suppliers, electronics manufacturers, insurance company, healthcare provider, etc.
The poor always get screwed the most in economic collapses, they just get it second hand by prices going up, mass firing, rent going up, loans getting worse, and public services being cut.
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It's not very shortsighted, it's quite long-sighted. Everything has been shit since the 2008 crash. Absolutely dog-shit garbage. Wages haven't changed, everyone's already in the hole.
I'd have loved a few more years of floating it, but the writing has been on the wall for some time now. It's going to suck for everyone, I'm sure - but the market never corrected in 2008. It was going to happen some time or another - I'm just happy Republicans are going to be on the hook for it.
It's going to take 10 years to come back from this - but I suspect in doing so, we'll be in a better place in the long term. Last people who did this weren't re-elected for damn near 20 years. We've all said this was the last gasp of a dying political party. It's gonna suck, sure -- but I'm hopeful for the future and the rebound it will cause.
On top of it all, I've been using it as leverage to fuck with every Trump voter I see in my shop.
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If you know anyone over the age of 60 who has a retirement plan other than social security, you know someone who is affected by stocks. If the market stays down for a long time, many elderly people will not have enough money to live out their retirement. This will certainly impact millions of Americans. If you think it's a small problem, you haven't thought it through very well.
Also, the crash itself doesn't make anyone's life any better. We didn't need the crash. We didn't need the crash before. We needed to do things to make life better for the average American, and especially for poorer americans, and we still need that. Crashes don't make that happen, and it's wishful thinking to suggest that they will.
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the crash itself doesn't make anyone's life any better
The monopoly guy has entered the chat
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Nobody I know in poverty is affected by stocks, so fuck them all.
You probably know fewer than 20 people who live in poverty yet think you know everyone who's poor?
I live in poverty but have a locked-in retirement fund from a former employer, invested in the stock market, that I cannot control.
It's now down 12% since the Bloviator was elected.
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You probably know fewer than 20 people who live in poverty yet think you know everyone who's poor?
I'm surrounded by the dumb fucks in a deep red state in the country; nearly everyone I've ever interacted with my entire life lives in poverty. The fact that you have a RETIREMENT FUND AT ALL puts you well above that line.
You know what you can't have when you're in poverty? Retirement funds. Because it's considered equity and you're not allowed to have any in order to get government assistance. The only things exempt from that are your homesteaded house, and 2 cars (and only if both adults in the house are working!)
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52 comments