• 13 Posts
  • 13 Comments
Joined 2 years ago
cake
Cake day: July 7th, 2023

help-circle







  • I’ll agree with what others are saying about speculation but I’ll add a few points…

    Meme investing. People just buy shit now. You can download Robinhood or any other free app and buy something you read about because you feel like it. That’s a lot different than traditional stock valuation. And in some cases (GameStop?) the public can have such force that it massively overwhelms traditional stock valuation

    The other point is that businesses will still function. Will it suck to have a 20+% tariff? Yes. Will in end a massive global corporation? No. A trade war can’t kill multinationals because they have a foot in both sides, in a sense (that’s a crazy oversimplification)