Not to mention shut down everything the US has relied on for order. Bro is actually thinking of shutting down FEMA. wtf
What’s FEMA?
Between the tibia and the hip.
FEMA balls ayy lmaoo
They help regular people when there are natural disasters. Can’t have that now, can we? Where’s the rugged individualism in that?
That’s the organization that helps with domestic disasters, usually hurricanes/earthquakes/floods and the like. So kill that org and people will be on their own when disasters happen.
Weak men do create hard times. Weak men let their insecurity and greed make their decisions.
Conservatives are weak. The generation that empowered Reagan, Trump, and every red tie inbetween was weak.
Broke: This is fine, everything is fine
Woke: Weak men will create hard times
Bespoke: Let’s get this over with already
Glazing?
They’ll rationalize it, because at the end of the day, they’re all about feelings rather than facts
Actual fucking moron pictured who doesn’t understand the current position of anyone “not mormal” in today’s society…
pathetic.
Tbh I wanna know why people keep saying this. The NASDAQ is almost back up to its YTD high.
I know the NASDAQ doesn’t mean much to the normal folks but to the people in charge that is “the economy”
Dollar hasn’t recovered value tho
SPY is up 3% YTD while DXY (which measures the value of a dollar) is down 9% YTD. If you own shares of SPY, then you hold them in dollars, so the real change in value of your stock is [share price] x 1.03 x 0.91, which translates to being down over 6%.
BUT not only is your investment value down, if you live in the US you presumably get paid in dollars as well. Which means you’ve gotten a 9% pay cut since the start of the year.
Does DXY have inflation included in its calculation?
DXY measures the US dollar against every other currency. So if the US dollar in isolation had a bunch of inflation (e.g. because the US government printed a ton of money), then that would be reflected in DXY.
But if every major currency printed a ton of money at the same time, then DXY would not change because it’s only relative to other currencies.
So it doesn’t calculate inflation directly, but it’s generally correlated with it.
I hate that we don’t have a unique term for inflation due to increasing prices versus printing a shit ton of money.
That was informative. Thank you!
Double top chart pattern
NASDAQ 5 Year Chart – Yahoo Finance
Half-joking. The technical data suggests there is a possible change in trend coming up. No guarantees. This is not trading advice.
I thought about using the 5 year charts, but I decided against it because that would include things from the initial COVID lockdowns and I felt that skewed results. But the NASDAQ is up significantly from this time 5 years ago
