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/leftypol/ - Leftist Politically Incorrect

"The anons of the past have only shitposted on the Internets about the world, in various ways. The point, however, is to change it."
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File: 1743773891135.png ( 705.99 KB , 1000x667 , stocks.png )

 No.488544

Retards here have been claiming an imminent stock market crash for almost 10 years straight.

But it looks like this time we might actually get a crash this time because the Republicans seem to like crashing the market in their second terms.

And it does seem like Trump and his advisors are trying to crash the market.

Either that or Trump's economic advisors are just stupid.
>>

 No.488545

This has been brewing for years, so it's no surprise that people have been predicting it. The banks managed to defer the crash at the cost of skyrocketing income inequality, but even they knew their measures wouldn't last.

Republicans may act as a catalyst but they didn't create the problem which arises from the mode of production itself.
>>

 No.488546

>>488544
-3.77% on open today

almost -5% yesterday

-11% for the year and only 4 months in

Fox News removing their stock market tickers for the first time in decades

it's happening bros
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 No.488547

-4% on the day
>>

 No.488553

>>488545
A stopped clock is right twice a day.

The fact a crash is possibly occurring now doesn't automatically validate the retarded Richard Wolff, gold-bug level market crash delusions.
>>

 No.488554

In other words

Richard Wolff has been saying a market crash is going to happen any second now for 20 years. Just because one is possibly happening now doesn't validate his past word vomit.
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 No.488557

>>488553
>The fact a crash is possibly occurring now doesn't automatically validate the retarded Richard Wolff,
lol sure
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 No.488558

>>488554
>Richard Wolff has been saying a market crash is going to happen any second now for 20 years.
But the markets have crashed like 3 times in the past 20 years… including this time!
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 No.488559

Anyway, I predicted that it would crash this year last year on the basis of the Georgist 18 year land cycle… which also means it's going to get much worse between now and 2026.
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 No.488562

DOW drop now reported at more than 2,000 points.
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 No.488563

>>488553
Show us on the doll where the big bad Wolff touched you.
>>

 No.488566

>>488558
I know you're likely being sarcastic, but in the off chance you aren't, the market has recovered each time, and Wolff is acting each time like it's some end stage event

I'd WISH he was right but it's Peter Schiff level snake oil silling
>>

 No.488567

>>488547
-5.9% on the day (S&P)
>>

 No.488570

>>488566
Idk, I mean I kinda think the ceiling on the US has been lower since 2008. Also, the inflation on goods from 2020 was somehow still one of the biggest issues in 2024. Long term this looks like a continuing pattern of decline.
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 No.488571

File: 1743803223769.jpg ( 446.81 KB , 1935x1090 , April 4 2025 stocks red.jpg )

>>

 No.488611

Is this the one? I'm seeing more news about it days later, usually it's a nothing burger and it bounces back.
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 No.488612

>>488611
>Is this the one? I'm seeing more news about it days later, usually it's a nothing burger and it bounces back.
Once every 18 years it doesn't. ;P
Also it was triggered by high tariffs Trump put on most countries. When he did this stuff even at smaller scale it had this effect, but less extreme.
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 No.488613

File: 1744002516911.jpg ( 290.92 KB , 2068x872 , April 6 2025 Markets that ….jpg )

https://x.com/unusual_whales/status/1909072078579572971
Unusual Whales: Here are all the markets that hit circuit breakers today so far:

China
Taiwan
Japan
Russell Futures
Australia
Singapore

$VIX is up 14.62%.
>>

 No.488614

File: 1744003488163.mp4 ( 2.75 MB , 1080x1920 , shoebody_stocks.mp4 )

>>

 No.488615

>>488614
👀👀👀
>>

 No.488617

>>488611
>Usually it's a nothing burger

Because this retarded board always factors out a Democratic majority congress will bail congress out with trillions in stimulus. Republicans have always been less likely to do this. In 2007 they just let the stock market implode.

tl;dr it's a Republican majority in Congress, stocks will bleed very red. A bear market in stocks is likely.
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 No.488618

>>488617
bail out Wall Street I mean
>>

 No.488625

>>488617
>Because this retarded board always factors out a Democratic majority congress will bail congress out with trillions in stimulus. Republicans have always been less likely to do this. In 2007 they just let the stock market implode.
But anon the 110th Congress was a DNC majority.
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 No.488629

What's the fall today boys?
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 No.488630

File: 1744069644412.jpg ( 332.73 KB , 1365x1070 , April 7 2025 stocks red.jpg )

Apparently today it opened red (picrel), turned green, then turned red again.
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 No.488631

File: 1744081841737.webm ( 8.97 MB , 1280x720 , tfrop.webm )

🤞
>>

 No.488647

Michael Roberts has a good post related to recent happenings:
https://thenextrecession.wordpress.com/2025/04/04/trumps-tariffs-some-facts-and-consequences-from-various-sources/
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 No.488651

>>488647
>This also applies to countries without any trade with the US or any people (Diego Garcia, Antarctic…)
lol
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 No.488657

-2.8% on the day
>>

 No.488659

>>488544
S&P 500 closed under 5000
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 No.488667

I guess 100% tariffs on China will do that huh.
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 No.488687

Another day opening in red
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 No.488688

>>488687
Such a pretty color
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 No.488700

File: 1744259603666.webm ( 2.41 MB , 480x270 , tariffs.webm )

How long will MAGAtards keep defending this imbecile?
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 No.488716

File: 1744341156270.jpg ( 436.36 KB , 1935x1090 , April 10 red stocks.jpg )

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 No.488717

>>488700
Some people will do it forever.
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 No.489256

Due Dissidence: US Ports GOING EMPTY As Tariff Effects HIT HOME
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 No.490761

File: 1753987190715.png ( 12.39 KB , 477x186 , US job cuts highest for Ja….png )

US job cuts are reportedly at the highest for January-July since 2020.
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 No.491864

File: 1760243286271.jpg ( 288.53 KB , 1499x814 , G29dw1rbwAMdH1n.jpg )

Unusual Whales: "$1.6 trillion was wiped out from the market yesterday."
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 No.491924

File: 1760535700653-0.png ( 311.36 KB , 750x955 , ClipboardImage.png )

File: 1760535700653-1.png ( 3.07 MB , 2700x4800 , ClipboardImage.png )

Can't wait for the AI bubble to pop.

>7 times bigger bubble than the dotcom bubble
>The entire AI hardware and software industry is just circulating money with OpenAI
>None of these companies are making anywhere near the amount of money to get a return on investment.

AI definitely didn't take 40% of jobs like they said they would, it's peaked and it's crappy most of the time.
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 No.492316

"Nearly 6 million US households have utility debt “so severe” that it will soon be reported to collection agencies."

- More Perfect Union via Twitter, citing AP.
https://x.com/MorePerfectUS/status/1990441699005399148
>>

 No.492319

Breaking Points - Foreclosures SURGE 20% in Latest Recession Warning
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 No.492370

Geopolitical Economy Report | AI bubble madness: Why Nvidia's market cap fell $600,000,000,000 in ONE DAY
The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day.
>>

 No.492372

>>492370
>nvidia has a global monopoly on GPUs
Stopped watching there. Ben's "analysis" is junk as usual. He should really get back to investigative journalism and leave the political economy to less opinionated intellectuals.
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 No.492373

>>492372
They have over 90% GPU market share in the US. Who are their biggest non-American competitors, and how exactly do they compare in terms of sales?
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 No.492380

>>492373
Wow, is AMD really doing that badly lately? I didn't think they had become that marginalized. It seemed like they had gained a lot of ground with the RX series.

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