The economy is so cooked that the proposed solution is “what if we just… stopped looking at it”
It “worked” for Covid, right?
Hey guys what if you just threw all your retirement savings into this bag that says “trust me bro” on it?
If I never turn in my homework i get an "I"ncomplete but not an “F”, right?
Until all the bad news comes in at once after 12 months of unchecked insider trading. This is how fraud happens, and with 34 felony convictions for it, Donnie knows exactly how fraud happens.
On the one hand, it’s just more deregulation and, I suppose, trying to claw back some exclusivity to financial information (stock market for capitalists only). On the other hand, valuations haven’t meant shit in so long. P/E means nothing. Book value means nothing. It’s probably not going to change much other than let more fraud happen more easily. Elon just bumped the market by buying a shit ton of his own stock with money from his own stock. What the corporate finance even mean anymore? Most of it is just algorithms now anyways. It’s not like someone is sitting down, cracking open the 10-Q and doing DCF analysis.
Ok but if you were trying to get capitalism to stop being so self defeating, this would actually be a decent idea. The
day tradersgamblers aren’t gonna like this though.He added: “Did you ever hear the statement that, “China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!”
But I thought “CHINA BAD!!!”?
Between that and Lutnik saying on TV that they want shares of every big government contractor, I think what they’re trying to do is to copy (sloppily) China’s SOE driven model. Since they are doing it cynically in an attempt to compete and in a way that still continues to suck all the wealth in the ultra-rich’s pockets all the same, it’s sure to end up as an unworkable mess that’s only gonna put them in even more trouble.
Somehow I don’t think reporting every 6 months instead of every 4 months is going to make that big of a difference compared with China’s planning a generation or more in advance.
Schrodinger’s EconomyLiterally just his Covid response
Uhhh let’s stop testing
JDPON Don prefers five year plans to the anarchy of production.
I probably don’t understand any of this, but it seems like this is bad even for the finance regulations that exist solely to immediately profit shareholders.
mfw the economy is definitely fine for sure don’t worry about it bro
Trump’s most extraordinary talent is brushing things under the rug
Huh, so the economy is really about to shit itself huh?
