European stocks tank 6% at open as global tariff rout deepens
-
Im noticing a pattern in the us where after hours the big money pulls out and then during the trading day the chumps buy the dip.
-
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 !
-
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.
Unfortunately, it seems we’re reaping what we sow by switching from Keynesian to Neoliberal economics. It was going ok when the demand side had money to spend. We’ve had several decades of paying for that now.
-
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.
I can defend my choice of words "historical": Even the most mundane happenings today might be viewed completely weird practices in the future.
-
No, but most people here approve of the fact that we have at least some cushions to shield us from this madness.
It sucks to be everywhere, but I at least feel lucky knowing that there is absolutely no way I won't be able to make rent for the next 1-2 years, whatever happens, since the rent is fixed for the next 3 years and even if I get fired I'll get unemployment for 1-2 years.
I hope it gets better for US folks, but it really seems that the chickens came home to roost for unchecked neoliberalism over there.
-
I don't think the issue is growth related, I think it's rather about more and more money going to the top 1%. And that issue is accelerated in USA due to badly regulated corporate capitalism.
Greedy shareholders and short time thinking are signs of that, because they keep getting away with it.
Looks like this isn't going to change until there is a massive crash.. -
it this is a dip yes, if its something that keeps going over the course of a few years like 2008 or the great depression then no but whoever trades outside of market times has been rather negative for the last week.
-
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.
The model everyone should want is unionized-cooperatives for every existing and new company
Sharing all the profits in the company for all companies
Also, for those companies to stay private and not go on stock market if they want to stay sustainable, & grow well
That's the biggest thing that would change alot of stuff
-
The model everyone should want is unionized-cooperatives for every existing and new company
Sharing all the profits in the company for all companies
Also, for those companies to stay private and not go on stock market if they want to stay sustainable, & grow well
That's the biggest thing that would change alot of stuff
I certainly want it. As a matter of fact, as of yesterday, I'm now a co-representative of my workplace's union club. I wholeheartedly stand for unionised cooperatives.
-
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.
When the stocks are up, some guys can buy a new yacht, when the stock market tanks, poor people lose their jobs.
-
After it bottoms out, yeah.
But there's a saying: don't try to catch a Falling knife.
And this knife is still falling.
-
But what will he eat?
In the worst case scenario, you.
