Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why are people so freaked out? If you invest to build wealth, this is a great opportunity. Stocks were so expensive before and this downturn is a great buying opportunity. It won’t stay down forever.

In the long run, we are all dead.

So? If you are close to retirement, you should have moved your investments to cash long before last Friday.

Yes, it's PP's fault that Trump is a terrible businessman and worse President.

+1 It's not our fault that half the country thought that voting for a guy who couldn't keep a casino out of bankruptcy was a good idea. Don't worry, if you were arrested as part of January 6, you'll at least have income from reparations.

Anonymous wrote:I think the tech layoffs previously were a bit different. My family is mostly in tech. They are paid very well and assume their jobs are only temporary while their jobs have contracts. It’s a different mindset. And they easily did jump to other jobs (or had two jobs at once or overlapped). Tech layoffs are different than layoffs in other sectors.

It’s different when your average 85k fed is being laid off for no reason. The cuts don’t even make sense from a financial perspective and so many will need to be rehired.

don't worry, all those cancer researchers can go to the brick factory once it's up and running in 5-10 years or whenever

Most CEOs believe ‘we are probably in a recession right now,’ Fink says

BlackRock CEO Larry Fink says that most other chief executives he speaks with “would say we are probably in a recession right now.”

Fink also says that he could see stock markets falling by another 20%.

“One CEO specifically said the airline industry is a proverbial bird in a coal mine — canary in the coal mine — and I was told that the canary is sick already,” Fink said during an event at the Economic Club of New York.

Anonymous wrote:I think the tech layoffs previously were a bit different. My family is mostly in tech. They are paid very well and assume their jobs are only temporary while their jobs have contracts. It’s a different mindset. And they easily did jump to other jobs (or had two jobs at once or overlapped). Tech layoffs are different than layoffs in other sectors.

It’s different when your average 85k fed is being laid off for no reason. The cuts don’t even make sense from a financial perspective and so many will need to be rehired.

$85k doesn’t include benefits feds get that many other workers do not. The fed perks haven’t been what they used to be but many feds still have something.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why are people so freaked out? If you invest to build wealth, this is a great opportunity. Stocks were so expensive before and this downturn is a great buying opportunity. It won’t stay down forever.

In the long run, we are all dead.

So? If you are close to retirement, you should have moved your investments to cash long before last Friday.

Yeah, that's not the way retirement works - money still needs to be invested to provide income during retirement. You don't convert everything to cash and then draw down on a cash balance. Either your ignorant or a moron. My vote is both.

I think the tech layoffs previously were a bit different. My family is mostly in tech. They are paid very well and assume their jobs are only temporary while their jobs have contracts. It’s a different mindset. And they easily did jump to other jobs (or had two jobs at once or overlapped). Tech layoffs are different than layoffs in other sectors.

It’s different when your average 85k fed is being laid off for no reason. The cuts don’t even make sense from a financial perspective and so many will need to be rehired.

Anonymous wrote:

Anonymous wrote:I believe it will dip again tomorrow. No job seems safe, all consumer goods 20-25% more expensive, tourist from outside the US is way down and there’s no relief in sight. Only billionaires are getting tax breaks in the new plan.

A pretty high percentage of Americans think this is the end of our country and democracy. Even Congress won’t fight for our country.

Even though I am sympathetic to those who will suffer due to the stock market decline and other economic turmoil, this is why you people cannot be taken seriously and are losing to Trump daily.

Democracy and the country don’t end when your candidate loses an election!!

Pp here. I’m a republican who doesn’t agree with what’s going on.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why are people so freaked out? If you invest to build wealth, this is a great opportunity. Stocks were so expensive before and this downturn is a great buying opportunity. It won’t stay down forever.

In the long run, we are all dead.

So? If you are close to retirement, you should have moved your investments to cash long before last Friday.

Yes, it's PP's fault that Trump is a terrible businessman and worse President.

Anonymous wrote:

Anonymous wrote:Dear President Trump,

Thank you for having the courage to stand up to the world and finally put America first. For far too long, other countries have taken advantage of our generosity and weak leadership. You came in and said, “No more.” You put pressure on Europe, China, and others who had been getting a free ride on the backs of American workers and businesses.

The so-called “experts” and liberal elites may panic when the stock market dips, but we see the bigger picture. We know this isn’t about short-term comfort — it’s about long-term strength and fairness. You’re doing what no one else had the guts to do: fight for real, fair trade that benefits us, not just Wall Street.

They’re attacking you from every angle, trying to scare the public and protect their globalist interests. But millions of us see through it. We know it’s going to be tough in the short term, but that’s what real leadership looks like. You’re putting America back on its feet, and we thank you.

Keep fighting. We’ve got your back.

Sincerely,
A Proud American

Enjoy your factory job. Trump and his supporters are communists who believes is big government command economy.

The cult will literally sit there in the ashes telling us all stuff is just about to get better. My Dad's a doctor and they had patients insisting that COVID was a hoax even as they were actively dying from it.

Anonymous wrote:

Anonymous wrote:Why are people so freaked out? If you invest to build wealth, this is a great opportunity. Stocks were so expensive before and this downturn is a great buying opportunity. It won’t stay down forever.

In the long run, we are all dead.

So? If you are close to retirement, you should have moved your investments to cash long before last Friday.

Anonymous wrote:Why are people so freaked out? If you invest to build wealth, this is a great opportunity. Stocks were so expensive before and this downturn is a great buying opportunity. It won’t stay down forever.

In the long run, we are all dead.

Anonymous wrote:Dear President Trump,

Thank you for having the courage to stand up to the world and finally put America first. For far too long, other countries have taken advantage of our generosity and weak leadership. You came in and said, “No more.” You put pressure on Europe, China, and others who had been getting a free ride on the backs of American workers and businesses.

The so-called “experts” and liberal elites may panic when the stock market dips, but we see the bigger picture. We know this isn’t about short-term comfort — it’s about long-term strength and fairness. You’re doing what no one else had the guts to do: fight for real, fair trade that benefits us, not just Wall Street.

They’re attacking you from every angle, trying to scare the public and protect their globalist interests. But millions of us see through it. We know it’s going to be tough in the short term, but that’s what real leadership looks like. You’re putting America back on its feet, and we thank you.

Keep fighting. We’ve got your back.

Sincerely,
A Proud American

Enjoy your factory job. Trump and his supporters are communists who believes is big government command economy.

Anonymous wrote:Dear President Trump,

Thank you for having the courage to stand up to the world and finally put America first. For far too long, other countries have taken advantage of our generosity and weak leadership. You came in and said, “No more.” You put pressure on Europe, China, and others who had been getting a free ride on the backs of American workers and businesses.

The so-called “experts” and liberal elites may panic when the stock market dips, but we see the bigger picture. We know this isn’t about short-term comfort — it’s about long-term strength and fairness. You’re doing what no one else had the guts to do: fight for real, fair trade that benefits us, not just Wall Street.

They’re attacking you from every angle, trying to scare the public and protect their globalist interests. But millions of us see through it. We know it’s going to be tough in the short term, but that’s what real leadership looks like. You’re putting America back on its feet, and we thank you.

Keep fighting. We’ve got your back.

Sincerely,
A Proud American

Please take this to the political forum

Why are people so freaked out? If you invest to build wealth, this is a great opportunity. Stocks were so expensive before and this downturn is a great buying opportunity. It won’t stay down forever.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We’re going to be seeing lots of business failures, layoffs, and suicides. Trumpers deserve to rot in hell.

How come no one came for biden when tech companies and private sector laid everyone off during his term? All of a sudden some govt workers get laid off or right sized and its bad?

But..but..but..Biden! Because the tech companies and private sector didn't 'lay off everyone' during Biden's term. Because Biden had adults making policy and considering costs and benefits carefully--he wasn't working with idiots tanking the economy because they were using AI to make trade policy.

Stop smoking your substances, and come back to reality. Trump did this--this is the worst self-inflicted economic disaster I've seen in my lifetime.

Let’s not rewrite history just because it’s politically convenient.

Under Biden (2022–2024), the economy saw massive layoffs, not just in the private sector.

Tech layoffs alone topped 580,000 across over 2,800 companies.

At the same time, federal government layoffs quietly hit six figures month after month — peaking at 163,000 in August 2022, 154,000 in August 2023, and 150,000 in August 2024 .
Actual job losses were happening under supposedly “careful, adult” economic leadership.

So no, Trump didn’t invent layoffs in 2025. He inherited an already hemorrhaging workforce — both public and private — from Biden. The narrative that Biden managed the economy responsibly while Trump came in and broke it doesn’t survive contact with actual data.

Blame Trump if you want, but let’s not pretend Biden’s term was some kind of golden age of economic stability. Layoffs were widespread, and they happened on his watch.

You obviously aren’t in tech.

Much of the hiring over the past decade has been to squelch potential competition. Low rates and high VC funding allowed startups to spin up, hire, and become tech competitors very quickly. It was cheaper just to slurp up talent and let them rest and vest than have to compete or acquire a competitor.

Then worldwide inflation appeared because of the supply chain disruptions from the pandemic. That trigger pretty rapidly rising rates, which knee capped VC funding and the SPAC market, and suddenly startups were way less viable.

In this new environment, tech companies had an opportunity to off load excess talent. Further there is a long history of employment cabal behavior, and that is likely a part of it as well.

The tech companies were still wildly profitable when they laid people off (except maybe Meta, but VR was Zucks self-own). The employees no longer represented potential competition, so could be safely discarded to go work at some non big tech firm.

AI was also a factor as manager were optimistic that they could operate as well with a leaner team with AI tools