/biz/ - Business & Finance

>>49734751
Flourished? Your country has been falling to shit for decades.

>>49734751
This debt bubble has been building for 40 years.

It's just a funny coincidence that the last president of the US is a zombie.

>>49734751
Its simple create bad times fix bad times. FED WILL PIVOT SOON BIDEN WILL LOOK LIKE A HERO SiMPLE AS DONT OVER THINK IT MID.
> t.80iq

>>49734770
USA was doing great economically under trump and China was getting rekt. Sorry

>>49734770
you're literally indian

>>49734751
2020 was horrible economically
2022 is just worse
Both parties are shit

>>49734751
Retarded elites jumping the shark with covid and giving this country the final push it needed to permanently set it into its death spiral definitely didn’t help. Nor did sanctioning and betting against the commerce and export economy of an entire continent with 2/3rds of the world’s population help either.
It’s a long sequence of boneheaded (most likely malicious) moves that brought us here, but the head retard in charge of the sped operation is thinking more about his rice pudding and naps than any of this shit. He’s just being dragged around weekend at bernie’s style to be an old boomerlib face to the globalist operation.

Is it Biden’s fault? He’s in charge of the country like Ronald McDonald is in charge of McDonald’s restaurants. The president is in general more of a mascot than a shot caller. Trump was a mascot for a seemingly better agenda, at least in the near future, but god only knows what he’s overlords were planning long term

>bro we were flourishing when we were printing money, what happened

Covid 19 lockdowns and overpayment of stimulus money caused all this. I want to blame trump but it wasn’t just him that did it. Democrats wanted to continue it while trump only wanted to do it for a short period of time. Either way you couldn’t stop all the other countries from locking down. Which played a huge role in global supply chain issues.

You realize the reason this is happening is cause the fed under trump lowered interest rates and printed money right?

>>49734802
>People actually desperately believe this.

>>49734994
They’ve been lowering interest rates since 09 to combat the previous recession. Trump is just a fucking retard and was against raising them because he is a simpleton who can’t think more than a few days into the future. But at the end of the day the fed is an independent institution who makes their own decisions so they had the power to raise rates and avoid overly high inflation. What trump should have done was not allow the country to lock down during Covid and allow so many people to collect unemployment/stimulus money.

>>49735092
>What trump should have done was not allow the country to lock down during Covid and allow so many people to collect unemployment/stimulus money
Only delays the inevitable.

Part of it was covid, part is perception of the market. Doesn't help that under Biden we give out billions in aid money to other countries just to maintain a tenuous hold on global politics.

At least under Trump legitimate questions were made, why are we policing oceans with air craft carriers for free? Why does NATO get so much tax money? Why are we letting China black mail European countries?

>>49734923
Pretty much, I was surprised by the amount Trump was able to get away with but now that hes out of office it may cost more retracting the changes/influences made by him in the long run though.

>>49735092
Trump put Powell in charge of the money and Biden kept him
Both parties are ran by the bankers

>>49734802
You’re wrong - China was actually increasing imports from other countries - it was a disaster for the US frankly

The economy was due for an assfucking regardless of who was in office, but Democrats doing their darnedest to shut down the economy + printing money didn't help.

>>49734751
>flourishing in 2021
You trumptards are fucking delusional.

>>49735257
I had a million fucking dollars in 2021 and now I'm back to 5 digits. Fuck is that all about then.

>>49735222
>book written in 1875
>starts predicting at 1927
lol, lmao

>>49735092
> What trump should have done was not allow the country to lock down during Covid and allow so many people to collect unemployment/stimulus money.

Hey retard, which states/cities were the ones locking down the most? if New York decides to shut down the president doesn’t have the power to stop them, it’s their retarded mayors fault. If the government were to run a Ford F-150 through the front doors of your bourse, they have to pay you for the damages.

>>49734751
Does the competency of US presidents matter? Can the economic problems of a country be pinned on the office of POTUS?

Why is there this dogmatic view that a head of state/government can inherently control the economy? Banks and the business lobby organise and control members of Congress and their decisions which relate to the economy. Congress is captured. On what grounds do you seriously think the US is some kind of absolute monarchy where if the US president says so things happen?

>>49734770
9-11 was the signal of the end. Lil zooms will never understand how good we had it

>>49735222
not wrong, 2023 will be a good year to slurp up stocks and assets

>>49734989
/thread
Its a combination of supply bottlenecks with stimulus checks. most money printing doesn't affect CPI because it stays within investment banks financial instruments to bolster asset prices. the stimulus checks were direct money to middle class consoomers = artificial demand outpacing productive capability = demand pull. that's it

>>49734751
It's the larger systemic white supremacy in America's fault a senile old wyte boi like Joe Biden got elected!

>>49734751

Whatever Trump did was wiped out by COVID and insisting it didn't exist instead of just going full racist "We need to stop the Chinese virus" and actually working to mitigate things.

>>49734751
Nah. Everyone hates him, and that's on purpose. He's a puppet, made to take the fall for the people who are really running things. Focus all your hatred on him, and not the corrupt bureaucrats who really control it all.

I will never understand the mind of someone who puts a "FUCK JOE BIDEN" sticker on their car. Joe Biden is nothing, he's probably already dead and they're just using CGI to fake his press conferences.