alt Hacker Newsright. And because we know of the crashes of 2022, 2008, 2001, etc. the market is showing a lot more resiliency. Which is good, but it will take longer to have a correction. Which may be bad by itself.
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weakened_malloc • yesterday at 11:27 PM
I definitely don't think it's a case of more market resiliency but rather a case of central banks willing to act much more aggressively to respond to these things. This is often what Ben Bernanke argues, given he wrote his thesis on the '29 crash, and how he handled the '08 crisis.
actionfromafar • yesterday at 11:48 PM
Yes, Trump knows about the crashes of 2022, 2008, 2001, he will make good choices. :)
Stabilizing from those crashes were all about the injecting liquidity and faith and credit in the US Treasury. Hoover didn’t handle the events subsequent to 1929 well, but more out of ignorance than malice.
In 2026, the POTUS, his family and friends are looting the treasury with brazen acts of fraud. The government is buying losing futures contracts to manipulate oil and other markets, and “mysterious people” are buying securities before scheduled, secret events to profit from it.
The US assassinated the leaders of a hostile power after they essentially gave in to our demands.
We eliminated the governments experts in a variety of strategic topics including oil, and installed toadies to run the fiscal service that disburses government funds.
People are working on undermining the FDIC and decapitating social security.
So a crash now is really disturbing. Nobody can have the level of confidence in the faith and credit of the United States as we did in 2008. The people who understand the complex issues have been purged by the government, and the rest of the leadership is complicit in criminality and is counting on loyalty to secure pardons for later. So you should be anxious.