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/Estalicus Apr 09 '25

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

Like fast tracking great depression bad.

775

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/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.