this post was submitted on 08 Nov 2025
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United States | News & Politics

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[–] hitmyspot@aussie.zone 3 points 19 hours ago (1 children)

Yes. I assume all these fund managers are coming out with this as they have already shorted everything.

However, other analysts without a vested interest seem to be saying the same thing. I'm wondering how long before it happens. If the government shut down continues, spending for Christmas could drop quite a bit and trigger a broader recession. Already consumer sentiment is at its lowest.

[–] tornavish@lemmy.cafe 3 points 18 hours ago (1 children)

We should probably just shut down the stock market before things get bad. Nobody needs to be gambling anyway

[–] hitmyspot@aussie.zone 2 points 18 hours ago (2 children)

I wonder if this is a crash that will hurt the rich more. It's the companies that will lose most.

[–] tornavish@lemmy.cafe 5 points 18 hours ago (1 children)

The people at the top, I mean the top top, are typically the ones who get a heads up on these things. They shift things around and never lose a dime.

[–] hitmyspot@aussie.zone 2 points 13 hours ago (1 children)

Yes, typically. But in this case, it seems to be the wealthy investing each other's money rather than people's houses.

A recession will still hurt everyone and particularly the poor, but the rich mat be less shielded this time around.

[–] tornavish@lemmy.cafe 1 points 6 hours ago (1 children)

I don’t think the rich ever lose their shields. If a (one) billionaire loses half of their money they still have half $1 billion. There is no threat to them. It’s just silly to think that a few bad months is going to destroy them. They have built this world for centuries… A few months is not going to kill the ruling class.

[–] hitmyspot@aussie.zone 1 points 37 seconds ago

Yes, but usually they rebond after in the asset rise and inflation. However, this book looks less like it's credit based. It seems to be built on companies lending to each other rather than in the banking system.

[–] Tollana1234567@lemmy.today 3 points 18 hours ago* (last edited 18 hours ago)

the ones that are heavily invested in AI: google, nvidia, openAI, amazon maybe? MS of course. probably palintir too. it will hurt retail just as bad too?