The [s]First[/s] [s]Only[/s] Second Trump term
The [s]First[/s] [s]Only[/s] Second Trump term
HA! That was exactly who I pictured when I read that too.
We're definitely guys of a certain age.
We're definitely guys of a certain age.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
The [s]First[/s] [s]Only[/s] Second Trump term
CNN headline story credits Trump for the stock market's success.
You know why I'm posting this. In the words of Anthony Jeselnik, "You know, just to be an asshole."
You know why I'm posting this. In the words of Anthony Jeselnik, "You know, just to be an asshole."
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
The [s]First[/s] [s]Only[/s] Second Trump term
When the dollar has dropped 12%, 19% gains become 7%
It's not me, it's someone else.
The [s]First[/s] [s]Only[/s] Second Trump term
Still a gain though.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
The [s]First[/s] [s]Only[/s] Second Trump term
When this tech bubble bursts, will it be worse than the last?
The [s]First[/s] [s]Only[/s] Second Trump term
Hard to know. I would guess not (you mean the dot-com burst?) at the moment. Or do you mean the last bubble (housing/financial/etc in '08?) I would also guess not as bad as that.
It's not me, it's someone else.
The [s]First[/s] [s]Only[/s] Second Trump term
I meant the dot-com burst.
I think it will be worse. It didn't prop up a broken economy. Right now, AI is the only thing holding the market up, so we can pretend the economy is doing well. When it goes, I think it will be on par with the housing crash.
I think it will be worse. It didn't prop up a broken economy. Right now, AI is the only thing holding the market up, so we can pretend the economy is doing well. When it goes, I think it will be on par with the housing crash.
The [s]First[/s] [s]Only[/s] Second Trump term
Well, I lost my job in the dot-com crash, and will be retired this time around, so.... 
It's weird, because what if they are right, and the AI revolution actually happens?
It's weird, because what if they are right, and the AI revolution actually happens?
It's not me, it's someone else.
The [s]First[/s] [s]Only[/s] Second Trump term
It'll all depend on how far it went.
Ultimately, the end game would be: AI solved most problems and nobody needs jobs anymore, which eliminates all business and currency.
If it only scratches the surface and people just end up unemployed...shit's going to hit the fan.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
The [s]First[/s] [s]Only[/s] Second Trump term
True, but the company that makes the world 10-20% more efficient makes a SHIT TON of money.
It's not me, it's someone else.
The [s]First[/s] [s]Only[/s] Second Trump term
They will indeed.
My concern is that they won't hit 10-20%, but 80-90% and the world isn't ready for that.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
The [s]First[/s] [s]Only[/s] Second Trump term
https://www.cnbc.com/2025/11/06/job-cut ... -says.htmlJob cuts for the month totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest level for any October since 2003. This has been the worst year for announced layoffs since 2009.
It's not me, it's someone else.
The [s]First[/s] [s]Only[/s] Second Trump term
The Rs need to learn to pad the jobs reports like the Ds. Just hire a bunch of seasonal gov workers and BAM!, great jobs report.
But seriously, now do corporate profits for the same month. Hint: They didn't go down...
As I've said before, doesn't matter if the guy in the Oval Office has a red or blue tie, they have nothing to do with the "record profits every quarter" bullshit that Wall St is pushing, which results in constant downsizing of workforces.
Amazon isn't cutting 14K-30K corporate jobs because of Trump. (I'm not even going to mention the 150K Amazon plans to cut soon thanks to robotics and AI.)
Greed is indeed good, but like with everything, only in moderation.
But seriously, now do corporate profits for the same month. Hint: They didn't go down...
As I've said before, doesn't matter if the guy in the Oval Office has a red or blue tie, they have nothing to do with the "record profits every quarter" bullshit that Wall St is pushing, which results in constant downsizing of workforces.
Amazon isn't cutting 14K-30K corporate jobs because of Trump. (I'm not even going to mention the 150K Amazon plans to cut soon thanks to robotics and AI.)
Greed is indeed good, but like with everything, only in moderation.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
The [s]First[/s] [s]Only[/s] Second Trump term
Job reports are seasonally adjusted to account for this. Mostly.
We want efficiency.
14k is like 4%. That's just not that big. Unless you're one of the 14k.
Invisible hand.Greed is good.
It's not me, it's someone else.
The [s]First[/s] [s]Only[/s] Second Trump term
Horseshit.
It's all very short sighted, and is solely about money. It's like a giant pyramid scheme and everyone's trying to get as much out before it topples. And it will topple. Mamdami getting elected should be a wake up call for Wall St, but it won't be. These asshats will just take their money and run as the U.S. voters elect more and more business unfriendly politicians like him. They don't care about the future, only themselves.
It's 9% of the jobs cut in that report. That's not nothing. Also, that's just one company.
As I've said forever, it's broken. The system has been gamed to prevent people from having the ability to exert their will.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
The [s]First[/s] [s]Only[/s] Second Trump term
4% of Amazon.
I don't think it's broken. But, I'm an optimist
It's not me, it's someone else.
The [s]First[/s] [s]Only[/s] Second Trump term
https://www.wsj.com/livecoverage/stock- ... _lead_pos1
New data showed the mood among U.S. households darkening, as many worry about the economic effects of the government shutdown. Preliminary survey results from the University of Michigan suggested consumer sentiment has fallen toward record-low levels.
The Nasdaq composite led indexes lower earlier Friday, building on a pullback in the previous session. The tech-heavy index is on track for its worst week since an April drop triggered by "Liberation Day."
It's not me, it's someone else.