Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
Could this whole situation really be as simple as the largest scale "pump-and-dump" ever?
No, because the damage he has done is ongoing and could literally bring the USD down from the preferred security of the world economy.
And if he does that, then all that speculative wealth in our still-inflated stock market is worth tittlywinks.
They're gonna cash it out in RMB, not leave it in US stocks.
Maybe, but there's always the likelihood it's even stupider than that
Ah. Hanlon’s Razor: “Never attribute to malice that which is adequately explained by stupidity.” https://en.m.wikipedia.org/wiki/Hanlon%27s_razor
Call it ‘strategic leverage’ all you want, but when your move tanks the market and raises insider trading red flags, it starts to look less like policy and more like profiteering in a patriotic hat. 😏
I like on CNBC tried to cut him short when he said what he said. Was watching it live since I've been enjoying this whole melt down.
While CNBC has been kind of neutral but trying to justify the means to the end this guy came up and said it like it is. We are close if not already in a recession thanks to these idiots.
This is a question for anyone:
I can’t find a good definition of a fiscal recession. I understand that it involves “multiple months of downward trends” on things like GDP.
Exactly how long does the downturn have to last before they declare that it is officially a period of recession? Is it really just 2 months or more?
It's usually two quarters. By the time we are officially in recession we have been for half a year.
Also, it's not two quarters of the stock market being down, but GDP. What's being talked about in this article is the stock market. I mean, yeah, they're linked, but the stock market is going to be considerably more-volatile and reflects investor beliefs about future economic activity. After some bouncing around, the S&P 500 is down something like 10% as of today since the beginning of the month. US GDP has not dropped 10% in the past week-and-a-half.
EDIT:
https://en.wikipedia.org/wiki/Okun%27s_law
Okun's law states that a one-point increase in the cyclical unemployment rate is associated with two percentage points of negative growth in real GDP.
If we'd had the GDP fall off by 10% in the past week and a half, we'd expect something like one in twenty Americans to have lost their jobs in the past week and a half.
Yeah, I don’t think the GDP is a great defining factor of economic emergency, in that words like “recession” have to be declared before the country treats the problem seriously. Assuming that growth is going to happen forever in a finite world is naive. And there are serious problems in the economy happening despite the GDP, like increasing poverty and lack of education or healthcare.
So like, my frustration is that “recession” has to be said before the government freaks out and attempts to fix things, but things are already really bad in ways that matter far more.
Now that Trump's fucking with rich people it'll be interesting to see if the millionaire class does anything about it. I still doubt they will.
The stink of the Orange Turds policies are still hitting the markets.