The investor famous for predicting the 2008 housing market crash is expecting stocks to tumble next year.
  • schipelblorp@sh.itjust.worksEnglish
    11·
    14 hours ago

    Trump just said in a response to a question about our $40 trillion debt (jesus, that’s a lot of zeroes), “You know, inflation, certain levels of inflation, will also pay off that debt very rapidly. Very rapidly.” https://www.msn.com/en-us/news/other/trump-just-soft-launched-higher-inflation-as-the-new-solution-for-rebalancing-the-40-trillion-us-national-debt/ar-AA2dpocG

    So I hope that cash isn’t USD. Honestly, all currencies look pretty bad right now. And if Trump triggers Iran into destroying the Middle East (and maybe triggering Israel to nuke, if Trump hasn’t already), the only thing that’s going to be worth a damn is cigarettes and penicillin.

    • im_fine_sandy@nord.pubEnglish
      4·
      9 hours ago

      Astonishing really.

      This is the guy running the US like a business.

      Don’t worry about debt, just stoke up inflation so it does t seem like so much money.

      Nothing could possibly go wrong with this plan.

      • schipelblorp@sh.itjust.worksEnglish
        1·
        1 hour ago

        The “he’s a businessman and he’s going to run the government like he runs a business” argument is as stupid as it was prescient.

    • Arancello@aussie.zoneEnglish
      5·
      13 hours ago

      Apparently this was covered in an article in Fortune magazine. in it they state trump called it a ‘soft default’ on usa debt.

      This is basically not paying debts. it’s consistent with trump practices. Afterall, didnt he bankrupt 40 companies including 6 casinos? he’s just moving on to bigger fish by bankrupting the usa now.