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Infinite growth in a finite reality. Numbers go up up up but minerals and food don't exponentially grow, in fact they deplete.

Shareholder profit > sustained profit is what broke it.

There's nothing wrong with say, Mark Cubans drug store model of 15% capped profits. If it were publicly owned however it's legally liable to pump that up to infinity until the model breaks for shareholders to make quarterly gains. Short term thinking replaced long term strategy.

Even Costco knows you keep the $1.50 hot dog as a loss leader but if it were up to the ghouls in suits it would be $6.99 today and $7.99 tomorrow.

This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.

In my view, the damage is very real and businesses will keep suffering even if Trump winds down his tariff ambitions, because the uncertainty and unpredictability hinder investment decisions. For example, if you managed an aluminium business like Alcoa, would you put up the cash to set up new smelters in the US despite melting stock prices, high borrowing costs and the possibility that the tariffs shielding those US smelters from foreign producers are reduced or even scrapped altogether without warning? Many businesses are “damned if they do, damned if they don't”.

I'm sure there are smart plays in this market, but I'm also convinced that we've entered a bear phase.

I'm getting really fucking tired of living in interesting times. I've lived through 9/11, the 2008 crash, a first Trump term through COVID-19, Russia's invasion of Ukraine, and now a second Trump term through another financial crisis.

Give me a fucking break.

Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.

Will this happen before or after the strategy that’s behind the tariffs finally becomes clear?

That's the great thing about trickle down economics, when it goes up, they get richer and we get poorer. When it goes down, we get poorer and they get richer !

At least in (most of) Europe, we do still have a large public part in healthcare/retirement and in general less stock investment culture so people won't see their safety netand retirement money collapsing, sure loosing let's say 10% of your saving sucks, and may even impact your ability to buy a new home (unless interest-rate fall faster in that case you may even be able to buy a nicer home)

We're also kinda lucky, The US adding tariff means that we'll export less to the US, but we can still export to the rest of the world at the same conditions as before. Note also that the remaining manufacturing in Europe is mostly complex product with high added value Planes, industrial robots, or Champagne's wine are already very expensive so I expect that many of the American who can afford these will still be able to afford-it with the tarifs. I am not Naïve, export to the US will dip, but I see some factors that should limit the dip.

Don't get me wrong, some European companies will loose US contract, and will at best launch mass lay-off plans or even bankrupt, and people will be unemployed (see point above about public safety net it makes the difference between selling your car, not going in holiday and shopping at Lidl and ending up homeless). But I am kinda optimistic, the impact for real people will be under control. I am old enough to remember 2008, and it wasn't that bad.

Less direct effects, people are not forced to retire off the stock market and layoffs are very regulated here.

So it's going to be bad but not like the US.

The time to sell was last Wednesday.

Roll those dice baby, that’s how gambling works.

Then the guy with the biggest bicep eats first.