Stock market crash seems to have no end. I’ve lost money because of it, but then so has virtually everybody who has money in there somewhere. Except Warren Buffett apparently, who evidently saw the disaster coming.
Hardest hit it seems are the tech boys. Nobody has any sympathy for them. Not least because of their incredible arrogance, but also because they so desperately wanted a failed businessman as president. Presumably they thought they would be able to control him and have only now found out that the mafia doesn’t work that way.
In any case, the tech stocks have been hugely overvalued and this crash is providing a correction. If the market loses trust, it will punish the dodgy investments first. It seems they are not the geniuses we all thought they were.
This still leaves the protection racket that the rest of the world has to deal with. The problem is that the mob don’t seem to have worked out their price, or what constitutes success. So far, retaliation (China), negotiation (EU), and capitulation (many others) hasn’t brought any relief: just more threats.
What can possibly work? And if a “deal” is struck, what is it worth? Does anybody trust the president? He changes his mind constantly, doesn’t seem to know what he is doing, and agrees with whoever spoke to him last. Beyond that, as the USA destroys itself from within, are they even able to keep an agreement?
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