Down is the new up. - ThreadSky | a Reddit-style client for Bluesky

prchovanec.bsky.social • 5 days ago

Down is the new up.

Lol what the fuck is this?

Comments

Trump is popular with people who aren’t college educated but make good money, like car dealership owners, salon owners, skilled trades. People who care about property values.

prosec34.bsky.social•5 days ago

Hot is cold. Cold is bot.

romancaturday.bsky.social•5 days ago

This will be the title of a serious op-ed by Megan Mcardle by Friday

theoarzan.bsky.social•5 days ago

Actually I don’t disagree with this view at all. I was talking to a 20- something old apprentice plumber from NH whose was hoping for exactly this scenario when I mentioned Trump might crush the economy - this was before he assumed office!

seawarrior.bsky.social•5 days ago

“It became necessary to destroy the economy to save it."

realjt19.bsky.social•5 days ago

If stocks, home prices, and rents collapse it's bc we're in a fucking depression with unemployment of 20-30% and mass poverty.

An elementary understanding of economics.

Sheesh, what a clown!

rpwbrowne.bsky.social•5 days ago

The trouble is he cares not for the people but those who fund him. They do care. He is most popular with non-college white people. That’s his core vote.

athenabird.bsky.social•5 days ago

It’s bullshit

mikeschaub.bsky.social•5 days ago

Four legs good, two legs better.

mtlb.bsky.social•5 days ago

“Time will tell.” JFC. Might as well just ask a Magic 8 Ball.

jimwhitney.bsky.social•5 days ago

Put another way, tanking the housing and equity markets would be yet another example of Trump's 3 dimensional chess.

jonosaka.bsky.social•5 days ago

SPAC-man has spoken.

dorianjw.bsky.social•5 days ago

I think ‘asset light’ refers to number of brain cells…

sherribells.bsky.social•5 days ago

Lol, can’t even make this shit up. Smh 🤦🏼‍♀️

markbare54.bsky.social•5 days ago

Bring on the Depression young people will love it!!

markvdhmusic.bsky.social•5 days ago

Not asset-light. Gaslight.

joplinguy.bsky.social•5 days ago

So it's Ok to screw the 60% off the middle class that own stocks, and the 40% that own homes so that young people can buy in. See altruism.

minerva1.bsky.social•5 days ago

Young people won’t get any more inheritances. If anything, they’ll have to support the old folks.

davidandrews.bsky.social•5 days ago

People love losing their jobs and spiking inflation while their retirement dreams evaporate - Trump is going to be the most popular president in history

ahecon.bsky.social•4 days ago

For better or worse, regular people think the stock market IS the economy.

suredontknow.bsky.social•5 days ago

ugh

robod99.bsky.social•5 days ago

A barter economy would be the ultimate expression of economic liberation by this logic.

underbrush.bsky.social•5 days ago

If they are "asset light" now wait until they are "job light" that will really get them motivated. #MAGA make America guillotine again

davidnelsonnm.bsky.social•5 days ago

The Department of Labor presents, “Why Less Money In Your Paycheck Is a GOOD Thing! (The Billionaire Series, Vol 3)”

rreardon.bsky.social•5 days ago

Yes but the asset rich can buy a lot of pitch forks

crichar3.bsky.social•5 days ago

Of course, if the economy crashes and those "asset-light" voters lose their jobs, they won't have access to cheaper stocks and homes.

georgiabluedevil.bsky.social•5 days ago

"Cheaper stocks" that never become "more expensive stocks" are a bad investment.

chrisarentz.bsky.social•5 days ago

Chamath: Stock market crashes are popular.

planetarypan.bsky.social•5 days ago

I haven't seen contortion this intense since I went to Cirque de Soleil!

resultsovercoffee.bsky.social•5 days ago

He has a *lot* of experience in assets that decrease in value. I say listen to his expertise.

ybor312.bsky.social•5 days ago

This horseshit fell at the first post. Trump lost the 18-29 year olds by 4 points, though he keeps peddling the lie that he ‘won youth by 30 points’. 60%+ of US adults own stock in some form. He needs business support & hates being criticized in the WSJ.

minerva1.bsky.social•5 days ago

Trump did best with Gen xers.

ybor312.bsky.social•5 days ago

45-60 year olds?

lastgenxer.bsky.social•5 days ago

sstein.bsky.social•5 days ago

https://bsky.app/profile/sstein.bsky.social/post/3ljjgrternc2m

xxriotgrrrrrlxx.bsky.social•5 days ago

I wonder how bad it hurts to have to twist yourself like that.

doggo365.bsky.social•5 days ago

If I was a Republican trying to gut or privatize social security, I wouldn’t attempt to crash the stock market first.

manbearcat.bsky.social•5 days ago

Apparently they don’t remember the wealthy buying up everything when crashes happen. Each and every time.

huge-jackedman.bsky.social•5 days ago

Not many people know this but it's good to have a bad economy. People come up to me with tears in their eyes crying the economy is too good, there's too many goods and services.

leem075.bsky.social•5 days ago

An interesting take…

brelor.bsky.social•5 days ago

Wtf

mikekablammowitz.bsky.social•5 days ago

It could be that, but it probably won't be.

ryanhide.bsky.social•5 days ago

Trump is even popular with people who hate him. His biggest increase in votes came from people who didn’t vote for him.

midura-m.bsky.social•5 days ago

Tbf the man knows all about stocks that go down.

pocketseagull.bsky.social•5 days ago

I mean the numbers kept going up for Biden and everybody hated him, so there might be something to this.

zibbs43.bsky.social•5 days ago

“I was saying Booo-urns”

thejackal007.bsky.social•5 days ago

Gaslighting Obstruction Party.

tonyfabuloso.bsky.social•5 days ago

“Young folks will really value their time spent searching endlessly for a job during a deep, needless recession.”

maryuary.bsky.social•4 days ago

Cheaper stocks, cheaper homes, death by measles.

queerjoan.bsky.social•5 days ago

By the end of the week these people are going have contorted themselves into human pretzels.

jstalnaker1.bsky.social•5 days ago

It’s not like older asset-rich people vote much.

ascotrose.bsky.social•5 days ago

Asset-light is a funny way to say "poor."

lady-eight.bsky.social•4 days ago

bjc860.bsky.social•5 days ago

As I noted under the original post: Yeah, banks really love handing out mortgages to unemployed people, lol.

chloekate.bsky.social•5 days ago

It’s like a flat-earther trying to explain how concrete evidence that the earth is round is actually made up.

They twist the facts into some insane reality and you’re left with your jaw on the floor.

It’s crazy how their brains work like this.

sledtater.bsky.social•5 days ago

These are people that tell their daughters that when the boys punch them it’s really because they like you.

nickjamesthe1st.bsky.social•5 days ago

See? It makes sense!

dbhyslop.bsky.social•5 days ago

It was their final, most essential command

pellat.bsky.social•5 days ago

Rot Brain

sethonops.bsky.social•5 days ago

Welcome to the upside down. Stranger things and all.

monita.bsky.social•4 days ago

Asset light.

fabiandivito.bsky.social•5 days ago

Part of the All-In circle jerk podcast with David Sacks. They have always lived in their Silicon Valley alternate universe. The problem with these guys is they think they are smart across a whole range of topics they know nothing about.

scampbelledegg.bsky.social•4 days ago

Dunning Krueger.

whogivesashirt.bsky.social•5 days ago

I bet this spin is a result of Luigi's popularity: "Trump is curbing big companies!"

justacreativegirl.bsky.social•5 days ago

“He planned to crash it all along. Just for us.”

dennis-see-sea.bsky.social•5 days ago

The fantastic thing about a national recession is that the working class suffer absolutely zero negative impacts, and many, in fact, cheer on their slide into poverty.

amdjerz.bsky.social•5 days ago

Umm just no…As of September 30, 2024, about 70 million Americans participated in 401(k) plans, according to the Investment Company Institute.
participation varies by generation
47% of Gen Zers save in a retirement plan, compared to 75% of Millennials and 76% of Gen Xers

minerva1.bsky.social•5 days ago

And they did great under President Biden.

thechrisestchris.bsky.social•5 days ago

The first party to destroy the housing market in this country will be the party that leads us into civil war💯

deedeececil.bsky.social•5 days ago

Those seem to me to be the groups easiest to dupe tho.

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