>>13553 I'm not losing any sleep from the S&P being 12% off it's all time high, in what is already a colossal manipulated bubble that needs to burst anyway.
>>13557 America self-destructing wouldn't be the worst thing. I don't think it will result in the Communist Utopia though since communism doesn't work in any post-agrarian society. Ain't nobody moving into communes and sharing the labor on behalf of fat-cat commissars. People are just far too lazy to give according to their ability, when they receive according to their fabricated needs regardless of how hard they work.
1) Unless you are cashing out your 401k this afternoon, the dip is irrelevant.
2) Wealth is relative, so if everyone is proportionally less wealthy, your relative position in the wealth hierarchy is retained.
3) 401k's are a scam anyway. Hedging your entire retirement on "line go up" which itself relies on market manipulation and corporate corruption is frankly insane.
Being a net consumer of cheap goods while being unable to produce anything of our own isn't doing us any favors. For that reason, using tariffs to address trade deficits isn't unreasonable. Maybe it's not the best way to go about it in an ideal scenario, but it's better than doing nothing.
>>13576 That's pretty hilarious.