American Economics Thread

SanWenYu

Captain
Registered Member
View attachment 144522
American stock market at the close. NVDA got screwed hard, as well as the semiconductor equipment industry. Honestly expected more losses, especially from META. No idea why META is rising, considering how invested they are in open source A.I too. NVDA's 600 billion drop is the single largest wipeout in stock market history.
DS: I didn't do it!

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luminary

Senior Member
Registered Member
To achieve white collar job elimination, the elderly government employees in US+Japan will be the first to go.
The welfare recipients in gov jobs are going to have to start pulling their weight, or join the techbros in unemployment.

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Politico.



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Politico
If DOGE cuts spending in half, that's $500b right there.
the US government spends roughly $910 billion on non-defense discretionary spending, which covers the administrative costs of running federal departments and agencies.
 

siegecrossbow

General
Staff member
Super Moderator
wow! that sort of treatment used to be reserved for plebs only! how dare they apply this to software engineers!

They are pricing in the stock market collapse later this year. Unlike last time, China will not be able to bail themself even if Xi were Trump’s best friend and really wanted to. The financial hole is so big that it makes the neoliberal butthole post DeepSeek look tame in comparison.
 

Maikeru

Major
Registered Member
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