We are on the Verge of Economic Catastrophe

[ZiprHead]

My technologies fund dropped five and a half percent in just this past week.

 

[Swammerdami]

I'm afraid I didn't spend much time looking for a good graph to illustrate hyper-inflation. I saw the "months to lose 90% of value" which seemed different from usual, so I clicked. But "days to lose 10% of value" would have meshed better with the usual meme.

Color me optimistic perhaps, but I'll guess that the U.S., even with "banana Republic-style" governance, will fare better than those examples in South America.

What in the world is the vertical on that thing? It kind of looks log-ish, but it isn't.

Looking now I see it is indeed hideous!. A large swathe is very roughly logarithmic, but neither top nor bottom is. And the y-axis labels seem inconsistently aligned.

Usually such graphs are software generated but the y-scale is so confused one wonders how the heck this graph was plotted. By hand???

 

[Elixir]

My technologies fund dropped five and a half percent in just this past week.

Meh. That happens in the best of times. My little bit of OKLO is down more than 10% this week. I feel like it’s likely for many stocks and mutuals to lose double digit percentages of value per month for a while, under Trump’s expert economic wisdom. I think there’s still a limit to the damage he can cause though.

 

[Swammerdami]

The "1980" above was cherry-picked.

Yes, to refute RVonse's flat assertion to the effect that returns on gold are always positive...

OK. Obviously RVonse's assertion was silly.

And note that I had to exclude stock dividends to get my picked cherries to be edible!
(Off-topic: Recently I read that it is BERRIES rather than cherries that are a remedy for arteriosclerosis.)

 

[Loren Pechtel]

Color me optimistic perhaps, but I'll guess that the U.S., even with "banana Republic-style" governance, will fare better than those examples in South America.

What in the world is the vertical on that thing? It kind of looks log-ish, but it isn't.

Yeah, the vertical is bogus, making the whole thing deceptive. Most of it is exponential but it falls apart at the bottom.

 

[SLD]

MAGA rationalization:

 

[Henry-Finland]

I will NOT make any prediction beyond general unease and disbelief. As U.S. governance loses credibility, regimes like Russia and especially China will gain in relative financial strength and geopolitical dominance. The U.S.'s weakening fiscal position -- which will deteriorate further under Trump -- will be accepted by the world's bankers . . . until it isn't.

Here is a snapshot of some asset prices today:

• Today (Wednesday) the S&P 500 set an all-time record. Its P/E is a whopping 27.5; yield is only 1.17%.
• The Nasdaq-100 set its all-time record yesterday. Its P/E is a whopping 35.2; yield is only 0.54%.
• The German DAX stock index also just set an all-time high, with P/E 19.83 and yield 2.04%.
• A year ago the Japanese stock market finally bested its 1989 high and is still near that record territory.
• Gold is at an all-time high, almost $3000/ounce, 15% higher than it was in mid-November and about 2½ times what it was at the time of Trump-45's election.
• Bitcoin soared to an all-time high after the Trump-47 election but has fallen somewhat during February.
• During 2022-2023 interest rates soared above their high during the 2007 bubble, and the yield curve "inverted." (Inverted yield curves usually presage recessions.) Yield on the 10-year Treasury is now 4.6% and yields remain almost inverted.

I have no idea what this means. I admit I am a dummy when it comes to this stuff.

Everything is explained here:

 

[unapologetic]

Everything is explained here:

So, Are they going to impeach the felon? Was that more than just a rant? Apparently not.

 

[SLD]

I will NOT make any prediction beyond general unease and disbelief. As U.S. governance loses credibility, regimes like Russia and especially China will gain in relative financial strength and geopolitical dominance. The U.S.'s weakening fiscal position -- which will deteriorate further under Trump -- will be accepted by the world's bankers . . . until it isn't.

Here is a snapshot of some asset prices today:

• Today (Wednesday) the S&P 500 set an all-time record. Its P/E is a whopping 27.5; yield is only 1.17%.
• The Nasdaq-100 set its all-time record yesterday. Its P/E is a whopping 35.2; yield is only 0.54%.
• The German DAX stock index also just set an all-time high, with P/E 19.83 and yield 2.04%.
• A year ago the Japanese stock market finally bested its 1989 high and is still near that record territory.
• Gold is at an all-time high, almost $3000/ounce, 15% higher than it was in mid-November and about 2½ times what it was at the time of Trump-45's election.
• Bitcoin soared to an all-time high after the Trump-47 election but has fallen somewhat during February.
• During 2022-2023 interest rates soared above their high during the 2007 bubble, and the yield curve "inverted." (Inverted yield curves usually presage recessions.) Yield on the 10-year Treasury is now 4.6% and yields remain almost inverted.

I have no idea what this means. I admit I am a dummy when it comes to this stuff.

Everything is explained here:

This should go viral. I’ve done my part and put it on several Facebook areas.

I do note that after he made the accusations regarding the starlink and Verizon contract that they are both denying that contract change. FAA is using both companies. That may have been stopped by his expose’ though. Bears keeping an eye on. I don’t trust these fuckers one bit. They should all be prosecuted but Trump will pardon them.

 

[SLD]

Well, another 900 point drop in the Dow today. Nothing to worry about! Just a minor correction.

In other news (completely unrelated), Tesla shares fell another 15% today. It's now less than 50% of it December 2024 high. Protestors are in part to blame too. Protests at dealerships and vandalism against Teslas, aka Swasticars, are driving people away - people just are not going to take the risk. A 50% drop in sales in Europe. UBS says it has not reached bottom yet. Hardly surprising considering its PE ratio is still over 100. GM's is 7.5.

Not that Leon Kums is going to be significantly effected. He's having too much fun destroying our federal government and social security to notice.

 

[TV and credit cards]

Well, another 900 point drop in the Dow today. Nothing to worry about! Just a minor correction.

In other news (completely unrelated), Tesla shares fell another 15% today. It's now less than 50% of it December 2024 high. Protestors are in part to blame too. Protests at dealerships and vandalism against Teslas, aka Swasticars, are driving people away - people just are not going to take the risk. A 50% drop in sales in Europe. UBS says it has not reached bottom yet. Hardly surprising considering its PE ratio is still over 100. GM's is 7.5.

Not that Leon Kums is going to be significantly effected. He's having too much fun destroying our federal government and social security to notice.

I'd venture to guess other Tesla investors, especially those upper management employees who hold Tesla stock aren't too crazy about Musk right now. I wonder if they'd like to do the "no confidence" thing and boot him as CEO. I think he owns like 14% of the shares. He's got to be killing Tesla's demographic. I don't know. I suppose Tesla owners are mostly in CA. I see a Tesla about as often as I see a car with hubcaps.

 

[ImGod]

The cyber trucks are a joke anyway. You can't use them as a truck. My Honda minivan could hold as much brick or mulch. They can't tow because electric drops too fast with a filled trailer.

They should have made an SUV instead.

And their brand spokesman shouldn't be more toxic than Jared from Subway.

 

[SLD]

The cyber trucks are a joke anyway. You can't use them as a truck. My Honda minivan could hold as much brick or mulch. They can't tow because electric drops too fast with a filled trailer.

They should have made an SUV instead.

And their brand spokesman shouldn't be more toxic than Jared from Subway.

Their upcoming car is an SUV

 

[Axulus]

Well, another 900 point drop in the Dow today. Nothing to worry about! Just a minor correction.

In other news (completely unrelated), Tesla shares fell another 15% today. It's now less than 50% of it December 2024 high. Protestors are in part to blame too. Protests at dealerships and vandalism against Teslas, aka Swasticars, are driving people away - people just are not going to take the risk. A 50% drop in sales in Europe. UBS says it has not reached bottom yet. Hardly surprising considering its PE ratio is still over 100. GM's is 7.5.

Not that Leon Kums is going to be significantly effected. He's having too much fun destroying our federal government and social security to notice.

I'd venture to guess other Tesla investors, especially those upper management employees who hold Tesla stock aren't too crazy about Musk right now. I wonder if they'd like to do the "no confidence" thing and boot him as CEO. I think he owns like 14% of the shares. He's got to be killing Tesla's demographic. I don't know. I suppose Tesla owners are mostly in CA. I see a Tesla about as often as I see a car with hubcaps.

They just recently voted in favor of restoring his $40 billion bonus that a judge turned down, so I don't see them turning on him any time soon.

 

[Swammerdami]

In other news (completely unrelated), Tesla shares fell another 15% today. It's now less than 50% of it December 2024 high....

I'd venture to guess other Tesla investors, especially those upper management employees who hold Tesla stock aren't too crazy about Musk right now. I wonder if they'd like to do the "no confidence" thing and boot him as CEO. I think he owns like 14% of the shares. He's got to be killing Tesla's demographic. I don't know. I suppose Tesla owners are mostly in CA. I see a Tesla about as often as I see a car with hubcaps.

They just recently voted in favor of restoring his $40 billion bonus that a judge turned down, so I don't see them turning on him any time soon.

Let's not over-indulge in pity for Elon's misfortunes. While a paper loss of $130 billion would have stung most of us sharply, it did leave Mr. Musk still sitting in the #1 slot -- richest man in the world even without the $40 bill bonus. Bezos and Zucky also had big paper losses recently and are still stuck in a race for the #2 slot. Rounding out the List of 15 centibillionaires are the Chairman of LVMH (Moët Hennessy Louis Vuitton); Chairman/Founder of Oracle Corp.; Chairman/Founder of Microsoft (retired); Chairman of Berkshire-Hathaway; two Founders of Google; another retired CEO of Microsoft; three children of Sam Walton; the Founder of Inditex Fashion Group; and the Chairman/Founder of Dell Technologies.

If you must take pity, have it for Jensen Huang, CEO of NVIDIA. He was riding high, ahead of the Walton kids, just a few weeks ago, but has fallen all the way to #16, no longer even a centi-billionaire.

On a happier note, the Mars family is still called the 3rd richest family in America, behind the Waltons and Kochs. Their company is privately held so harder to evaluate, but according to Bloomberg the two surviving children of Forrest Edward Mars Sr. -- inventor of M&Ms -- are on the verge of getting to the coveted $50 billion mark.

 

[TV and credit cards]

Trump said “radical left lunatics” are “illegally and collusively” boycotting Tesla

What did you expect? Perhaps if there were some incentive for buying one. Musk shits all over his own car company. Trump does everything he can to dissuade people from buying an EV and it’s the leftist loonies fault. A couple of senators even want to tack on a $1000 fee for the loss of gas taxes.

“When people’s cars are in jeopardy of being keyed or set on fire out there, even people who support Musk or are indifferent Musk might think twice about buying a Tesla,”

There’s a bumper sticker for that.

 

[Elixir]

There’s a bumper sticker for that.

I couldn't read it - it was burned.

 

[Shadowy Man]

To make matters worse, North American metals is ridiculously intertwined between the US, Canada, and Mexico. We rely on each other every step of the way. And Trump is fucking it up... for no gain to the US.

What do you mean "no gain"?? Trump said we'll be so rich we won't even know how to spend all our money!! I seriously can't wait for that moment as I'm sick and tired, as most Americans must be, of worrying about how to spend our money. Right, my friends???

 

[Elixir]

I'm sick and tired, as most Americans must be, of worrying about how to spend our money.

No worries, Trump will spend it for you.

 

[ZiprHead]

Well, another 900 point drop in the Dow today. Nothing to worry about! Just a minor correction.

In other news (completely unrelated), Tesla shares fell another 15% today. It's now less than 50% of it December 2024 high. Protestors are in part to blame too. Protests at dealerships and vandalism against Teslas, aka Swasticars, are driving people away - people just are not going to take the risk. A 50% drop in sales in Europe. UBS says it has not reached bottom yet. Hardly surprising considering its PE ratio is still over 100. GM's is 7.5.

Not that Leon Kums is going to be significantly effected. He's having too much fun destroying our federal government and social security to notice.

Will he be affected when the BOD votes him out? Lawsuits against him for destroying people's investments?

It happened to Papa John for the same thing.