alt Hacker NewsDuring trading war the US stock skyrocketed.
We live in an era where the wealthiest are made by devaluing fiat and moving the purchase power from average citizens to the richest ones. Creating value, if people are still doing that, is mere a byproduct now.
During the announcement of the tariffs and the subsequent period, pretty much everything I had invested dropped across the board: https://blog.kronis.dev/user/pages/blog/my-investments-in-20...
(I was doing an experiment of putting 1k into a bunch of stocks each through Revolut instead of my usual bank funds and seeing how they do after a year)
Yet it recovered afterwards. I’m certain that some transfer of wealth took place there, with at least some people panic selling.