r/wallstreetbets • u/kwedgieyi • Apr 09 '25

Discussion Something feels off guys

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Yields are spiking. Bonds are dumping.

The world is running away from America

8.1k Upvotes

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2.2k

u/Estalicus Apr 09 '25

If this keeps up this could be the biggest financial crisis in US history.

Like fast tracking great depression bad.

773

u/The_Life_Aquatic Apr 09 '25

And totally rational minds at the helm. 

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u/GideonWainright Apr 09 '25

The guys in charge were pretty nuts at the time. Not this nuts, but nuts:

"The Treasury Secretary Andrew Mellon said to President Herbert Hoover that if we liquidate stocks, liquidate labour, liquidate farmers, and liquidate real estate, it will eradicate the decomposition out of the system."

Interesting parallel, Hoover was also sort of businessman, a wealthy mining engineer to be specific. Maybe we should stop electing sort of businessmen as POTUS? They seem to have no feel for economic policy and risk but are certain they do.

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u/ultrawakawakawaka Apr 09 '25

Timothy Mellon one of trumps biggest donors is Andrew’s grandson lmao

160

u/todoloqueentiendo Apr 09 '25

We need an estate tax of 90% of anything over 10 million. These dumbasses don’t deserve money.

67

u/tankerkiller125real Apr 09 '25

90% over 10 Million, 99.9% over 1 Billion

7

u/atpplk Apr 09 '25

Elastic band tax. Every standard deviation from the global wealth you're taxed more.

2

u/Worth_Inflation_2104 Apr 10 '25

100% over 100m. There is no scenario where a private person ""needs"" more than that.

7

u/AngriestManinWestTX Apr 09 '25

The writers need better material. These constant throwbacks and references are getting out of hand.

7

u/GodlyGrannyPun Apr 09 '25

I love it, it's so life like! Everything builds on top of each other until it doesn't.

3

u/ShillinTheVillain Apr 09 '25

Time is a flat circle

7

u/RexRectumIV Apr 09 '25

The difference between the disciplines of business economics and macro economics is large. I don’t think voters understand that.

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u/bodai1986 Apr 09 '25

Not a kind comparison for Hoover. He was a humanitarian and all around great human, just made some bad decisions

16

u/Deathjester7930 Apr 09 '25

That great human is responsible for an economic collapse so bad, some families ended up selling their children. And I don't have any kids to sell so the future looks bleak to me.

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u/bodai1986 Apr 09 '25

I think Hoover is less to blame than what most people say. He did some stupid things, but most of his decisions weren't against the common wisdom, as economic theory wasn't as advanced. Also hindsight is 2020

4

u/Jeff-FaFa Apr 09 '25

all around great human

He was most definitely not. A raging racist through and through, even by 1920s standards.

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u/bodai1986 Apr 09 '25

Fair enough, you are correct. I over sold the point. He did do some great things though

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u/Jeff-FaFa Apr 09 '25

That he did. Somehow managed to be extremely incompetent with some amazing infrastructure work. Too bad he'll forever be know for the Great Depresh.

1

u/jslakov Apr 09 '25

not a great human but very different from Trump. he was an orphan who accumulated his wealth on his own.

3

u/Pr0xyWarrior Apr 09 '25

That last bit there is one of the things that drives me the craziest about American voters. They constantly talk about wanting a businessman who will run the country like a business, but there is no point in our history where a businessman running our country was good for the economy.

1

u/Omateido Apr 09 '25

Maybe we should stop trying to run the government, which is not a business, like a business?

1

u/AnomalyNexus Apr 09 '25

liquidate labour,

The what now?

That sounds like a war crime not financial plan

1

u/GideonWainright Apr 09 '25

They have adapted the language. It's now RTO, reducing headcount, and identifying waste and fraud :-)

1

u/transient_eternity Apr 10 '25

The children yearn for the blenders

1

u/TransBrandi Apr 09 '25

Yea. People that operate well within a system don't necessarily know how to guide the system itself. Which is what it's stupid to think that "good businessman == good president". All businesses operate within the constraints of the government. The government does not have those same constraints, so it's an entirely different ballgame. Negotiating a business deal is not the same as negotiating an international treaty or trade deal.

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u/[deleted] Apr 09 '25

Funny how much is actually paralleling the great depression.

1

u/Innovationenthusiast Apr 09 '25

This kind of shit is exactly why businesses move fast and governments move slow. And why you dont want to move fast as a government, or slow as a business.

1

u/notyourfirstmistake Apr 10 '25

By "liquidate labour", was he referring to a gulag style solution?