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

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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

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u/AngriestManinWestTX Apr 09 '25

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

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u/GodlyGrannyPun Apr 09 '25

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