European stocks tank 6% at open as global tariff rout deepens
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Kinda wish the North American market wasn't the last one to open so I could have sold some shit before everything crashes...
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Will this happen before or after the strategy that’s behind the tariffs finally becomes clear?
We'll finally get back at all those free-riding penguins. They don't even have jobs!
Concerning.
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Kinda wish the North American market wasn't the last one to open so I could have sold some shit before everything crashes...
Roll those dice baby, that’s how gambling works.
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Well, if everything crashes, then everything is equal!!
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We are witnessing history in the making, people! Keep documenting and writing it down, like the ancient greek historians. The US has radically changed under the new president Trump 2024 -> 2025 and we will need to study the effects on our world and global economy closely. Historic times indeed.
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That's the great thing about trickle down economics, when it goes up, they get richer and we get poorer. When it goes down, we get poorer and they get richer !
Market trends only benefit those with assets to leverage on the rightbside of the bet. The rest get shafted either way.
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At least in (most of) Europe, we do still have a large public part in healthcare/retirement and in general less stock investment culture so people won't see their safety netand retirement money collapsing, sure loosing let's say 10% of your saving sucks, and may even impact your ability to buy a new home (unless interest-rate fall faster in that case you may even be able to buy a nicer home)
We're also kinda lucky, The US adding tariff means that we'll export less to the US, but we can still export to the rest of the world at the same conditions as before. Note also that the remaining manufacturing in Europe is mostly complex product with high added value Planes, industrial robots, or Champagne's wine are already very expensive so I expect that many of the American who can afford these will still be able to afford-it with the tarifs. I am not Naïve, export to the US will dip, but I see some factors that should limit the dip.
Don't get me wrong, some European companies will loose US contract, and will at best launch mass lay-off plans or even bankrupt, and people will be unemployed (see point above about public safety net it makes the difference between selling your car, not going in holiday and shopping at Lidl and ending up homeless). But I am kinda optimistic, the impact for real people will be under control. I am old enough to remember 2008, and it wasn't that bad.
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Less direct effects, people are not forced to retire off the stock market and layoffs are very regulated here.
So it's going to be bad but not like the US.
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Will this happen before or after the strategy that’s behind the tariffs finally becomes clear?
strategy
That's a wild assumption
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We are witnessing history in the making, people! Keep documenting and writing it down, like the ancient greek historians. The US has radically changed under the new president Trump 2024 -> 2025 and we will need to study the effects on our world and global economy closely. Historic times indeed.
Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.
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This wouid be my... Hmm... Third... I think...?... Once in a lifetime historical market crash. The 2008 one stole my teenage years.
You know, guys, I'm starting to get this strange feeling that our economic model doesn't really work.
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Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.
The thing to understanding crashes is that they're a crude signal of an underlying reality. Not a thing in themselves.
This isn't like the 2008 crash, or any other, because the reality that's causing the number to go down is totally different.
Except maybe the great depression. It's a bit like that. -
This wouid be my... Hmm... Third... I think...?... Once in a lifetime historical market crash. The 2008 one stole my teenage years.
You know, guys, I'm starting to get this strange feeling that our economic model doesn't really work.
Infinite growth in a finite reality. Numbers go up up up but minerals and food don't exponentially grow, in fact they deplete.
Shareholder profit > sustained profit is what broke it.
There's nothing wrong with say, Mark Cubans drug store model of 15% capped profits. If it were publicly owned however it's legally liable to pump that up to infinity until the model breaks for shareholders to make quarterly gains. Short term thinking replaced long term strategy.
Even Costco knows you keep the $1.50 hot dog as a loss leader but if it were up to the gouls in suits it would be $6.99 today and $7.99 tomorrow.
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At least in (most of) Europe, we do still have a large public part in healthcare/retirement and in general less stock investment culture so people won't see their safety netand retirement money collapsing, sure loosing let's say 10% of your saving sucks, and may even impact your ability to buy a new home (unless interest-rate fall faster in that case you may even be able to buy a nicer home)
We're also kinda lucky, The US adding tariff means that we'll export less to the US, but we can still export to the rest of the world at the same conditions as before. Note also that the remaining manufacturing in Europe is mostly complex product with high added value Planes, industrial robots, or Champagne's wine are already very expensive so I expect that many of the American who can afford these will still be able to afford-it with the tarifs. I am not Naïve, export to the US will dip, but I see some factors that should limit the dip.
Don't get me wrong, some European companies will loose US contract, and will at best launch mass lay-off plans or even bankrupt, and people will be unemployed (see point above about public safety net it makes the difference between selling your car, not going in holiday and shopping at Lidl and ending up homeless). But I am kinda optimistic, the impact for real people will be under control. I am old enough to remember 2008, and it wasn't that bad.
-
Less direct effects, people are not forced to retire off the stock market and layoffs are very regulated here.
So it's going to be bad but not like the US.
-
Kinda wish the North American market wasn't the last one to open so I could have sold some shit before everything crashes...
The time to sell was last Wednesday.
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The time to sell was last Wednesday.
Oh there's still a long way to go before the bottom I'm sure...
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Well, if everything crashes, then everything is equal!!
Then the guy with the biggest bicep eats first.
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Which people?
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Then the guy with the biggest bicep eats first.
But what will he eat?
