“We have no idea how to fix this without admitting that capitalism is a failed system so we’re just gonna keep wishing on the stars that our financial institutions don’t keep collapsing like everyone with a basic grasp of Marxist economics has been telling us they will”.

America must plan better

We do planning? I thought that was the markets’ job?

They really think Fed will lower interest rates in 6 months? :data-laughing:

Edit: CPI data just exceeded estimates lmao

Now that deposits are safe and the banking system has massive liquidity support on offer, the crisis is unlikely to slow the American economy by much

yes, it cant possibly get worse. only 1 bank will ever fail. this isnt similar at all to late 2007/early 2008

“The Economist, a journal that speaks for the British millionaires” Lenin is evergreen

months ago was the right time to panic, now everyone is panicking and these imperialist rags are trying to stop the bank rush. ive been telling my parents for months to move their retirement savings to stable funds but they dont listen to me. even last week i gave my dad a laundry list of evidence pointing to an oncoming crash but he just said smth like “the markets down right now bc jerome powell gave a speech” JEROME POWELL ISNT GOD