ohhhh she’s black… suddenly this makes more sense than as just a way to fire a warning shot at Powell
I’m a homebody nearly 100% of the time. And if I do leave the house - I’ll never be hanging out at a place like a bar. But I’ll imagine I somehow managed to talk to a slightly drunk (or more than typically honest) “moderate” republican who was willing to talk to a total stranger - me - about politics. They said they didn’t like Trump. And they seemed actually offended that I might think they are a racist. But what would they reply if I said “Trump is clearly a criminal, corrupt, a racist, a fascist, and the list continues. Trump fires woman and POC and in particular he always goes after women who are POC. There’s no denying it. The GOP is Trump’s party. If you vote GOP - you’re supporting Trump. So - how can you vote GOP?”
I like to think I have a good imagination. But every time I try to think of plausible things they might say - I don’t come up with anything juicy. There are empty platitudes that don’t answer the question at all. Like “Look, I’m a republican like my dad and my grandfather. It’s just who I am.” Or they give other non-answers like “Both parties are the same.”
If it’s a person willing to talk politics to a stranger at a bar, you’re going to get an answer that’s either completely untethered to reality or they’re gonna shrug and say that Kamala was a woke-marxist-transgender-commie.
Bluesky is acting like the - cough - sky is falling
Trump intervention at the Fed strikes me as one of the most expedient paths to truly intractable global crisis.
https://subium.com/profile/slothropsmap.bsky.social/post/3lxbb65gghc22
A reply
i am amazed the market is not pricing in the very real chance of complete american societal meltdown. even if you think the chance is small, the outcome would be so horrible it has to be taken into account.
the end game of forcibly turning on the cheap credit faucet is certainly going to be weird, especially as overseas formations and institutions are already looking to exit the dollar. I think the higher interest rates were probably slowing the dollar dumping somewhat.
my gut says we’d enter an age of domestic investment bubbles potentially without precedent, especially given how disinterested the administration is in prosecuting even the most overtly illegal financial crimes and scams. pump and dumps, pyramid schemes, casino America is gonna comp lobster dinners and penthouse suites for every mid and high roller if they chase the dragon.
it will probably delay the AI bubble bursting and reinvigorate the hype machine too, which will be personally annoying to me.
also expecting crypto hype to go ballistic. looking forward to DonJrCoin420
prosecuting even the most overtly illegal crimes
A few days ago - by chance I found a 2009 article in my bookmarks about the economic crisis that nearly caused a Great Depression 2.0. I almost started laughing. As bad as the “regulations” were - at least there was some enforcement of them and of the law. When it comes to Trump’s second administration - I assume it’s the Wild West. All large businesses and all large sectors of the economic are awash in crime and grifting. And it’s eerie to me how the media seems oblivious to this. How can there be no MSM articles about this?
For example - I won’t be surprised if one day news breaks that the US’s largest case of food poisoning has been discovered. Dozens and dozens are dead and hundreds ill. It should be one of the biggest scandals in American history. But the CEO is a big Trump donor who regularly gushes on social media how great Trump is. On a federal level there are sham investigations and - of course - no prosecutions of any execs never mind the CEO. The rightwing says people died of woke.
God only knows what kinds of toxic malfeasance Wall Street has been up to since Trump’s election win.
the AI bubble bursting
Again - where is the MSM?
crypto hype to go ballistic
I assume the criming and grifting is already beyond belief. I wonder which crash will be worse - the AI bubble or crypto. And I wonder which bailout will be larger.
CookedOof.
I wish I had thought of that.
