Literally just his Covid response
Uhhh let’s stop testing
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today/ . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
Literally just his Covid response
Uhhh let’s stop testing
Ok but if you were trying to get capitalism to stop being so self defeating, this would actually be a decent idea. The ~~day traders~~ gamblers aren't gonna like this though.
He added: “Did you ever hear the statement that, “China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!”
But I thought "CHINA BAD!!!!"?
Between that and Lutnik saying on TV that they want shares of every big government contractor, I think what they're trying to do is to copy (sloppily) China's SOE driven model. Since they are doing it cynically in an attempt to compete and in a way that still continues to suck all the wealth in the ultra-rich's pockets all the same, it's sure to end up as an unworkable mess that's only gonna put them in even more trouble.
If I was president and the economy was bad - I would try to distract people by making it worse! What do you think, Marge?
I think there's still some donuts in the kitchen.
Doh-nuts.
[And he runs to the kitchen.]
mfw the economy is definitely fine for sure don't worry about it bro
Huh, so the economy is really about to shit itself huh?
On the one hand, it's just more deregulation and, I suppose, trying to claw back some exclusivity to financial information (stock market for capitalists only). On the other hand, valuations haven't meant shit in so long. P/E means nothing. Book value means nothing. It's probably not going to change much other than let more fraud happen more easily. Elon just bumped the market by buying a shit ton of his own stock with money from his own stock. What the corporate finance even mean anymore? Most of it is just algorithms now anyways. It's not like someone is sitting down, cracking open the 10-Q and doing DCF analysis.
Hey guys what if you just threw all your retirement savings into this bag that says "trust me bro" on it?
It “worked” for Covid, right?
JDPON Don prefers five year plans to the anarchy of production.
Trump's most extraordinary talent is brushing things under the rug
If I never turn in my homework i get an "I"ncomplete but not an "F", right?
Until all the bad news comes in at once after 12 months of unchecked insider trading. This is how fraud happens, and with 34 felony convictions for it, Donnie knows exactly how fraud happens.
Schrodinger's Economy
I probably don't understand any of this, but it seems like this is bad even for the finance regulations that exist solely to immediately profit shareholders.
Cool, so no quarterly taxes, right? RIGHT?