The [s]First[/s] [s]Only[/s] Second Trump term

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TheCatt
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by TheCatt »

Image
It's not me, it's someone else.
Leisher
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by Leisher »

HA! That was exactly who I pictured when I read that too.

We're definitely guys of a certain age.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Leisher
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by Leisher »

CNN headline story credits Trump for the stock market's success.

You know why I'm posting this. In the words of Anthony Jeselnik, "You know, just to be an asshole." :D
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
TheCatt
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by TheCatt »

When the dollar has dropped 12%, 19% gains become 7%
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Leisher
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Post by Leisher »

Still a gain though.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
TheCatt
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by TheCatt »

Leisher wrote: Tue Nov 04, 2025 9:45 am Still a gain though.
True. My accounts are not complaining.
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Cakedaddy
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by Cakedaddy »

When this tech bubble bursts, will it be worse than the last?
TheCatt
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by TheCatt »

Cakedaddy wrote: Tue Nov 04, 2025 11:12 am When this tech bubble bursts, will it be worse than the last?
Hard to know. I would guess not (you mean the dot-com burst?) at the moment. Or do you mean the last bubble (housing/financial/etc in '08?) I would also guess not as bad as that.
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Post by Cakedaddy »

I meant the dot-com burst.

I think it will be worse. It didn't prop up a broken economy. Right now, AI is the only thing holding the market up, so we can pretend the economy is doing well. When it goes, I think it will be on par with the housing crash.
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Post by TheCatt »

Well, I lost my job in the dot-com crash, and will be retired this time around, so.... :)

It's weird, because what if they are right, and the AI revolution actually happens?
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Post by Leisher »

TheCatt wrote: Tue Nov 04, 2025 11:49 am and the AI revolution actually happens?
It'll all depend on how far it went.

Ultimately, the end game would be: AI solved most problems and nobody needs jobs anymore, which eliminates all business and currency.

If it only scratches the surface and people just end up unemployed...shit's going to hit the fan.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
TheCatt
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The [s]First[/s] [s]Only[/s] Second Trump term

Post by TheCatt »

Leisher wrote: Tue Nov 04, 2025 2:49 pm If it only scratches the surface and people just end up unemployed...shit's going to hit the fan.
True, but the company that makes the world 10-20% more efficient makes a SHIT TON of money.
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Post by Leisher »

TheCatt wrote: Tue Nov 04, 2025 4:26 pm True, but the company that makes the world 10-20% more efficient makes a SHIT TON of money.
They will indeed.

My concern is that they won't hit 10-20%, but 80-90% and the world isn't ready for that.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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