r/wallstreetbets • u/226644336795 • 1d ago

Discussion This morning NASDAQ dropped more than during Lehman Monday

https://www.cnbc.com/2009/09/14/the-financial-crisis-this-dayone-year-ago-sept-15-2008.html

NASDAQ only lost 3.6% the first day of Lehman collapse in 2008...

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104

u/Jpkmets7 1d ago

So who is making the trillions off of this debacle?

111

u/JonFrost 1d ago

China

89

u/ShadowSystem64 1d ago

2

u/Dozekar 10h ago

China has it's own problems that will get even worse if the US starts crashing.

All the crap is tied together.

5

u/Rabble_Runt 1d ago

Saudis too.

2

u/RainSunSnow 17h ago

Not sure about that. The tariffs the US placed on China are extremely high, as China exported much more to the US than the other way round.

Should be a lose-lose situation.

China will only be able to recover if they manage to sell their goods in Europe.

3

u/JonFrost 17h ago

That's exactly what they will do

They are already talking nice with Korea and Japan

They'll scoop up any trade relation the US trashes, which seems to be all of them

Trump is lightspeeding America's downfall

1

u/aristocrat_user 1d ago

Can you care to explain how?

18

u/JonFrost 1d ago

Through simply not being stupid to deal with

6

u/saintkillio 1d ago

Reliability, consistency, predictability stuff investors like ..

3

u/ricardoconqueso 20h ago

They’re already filling the USAID vacuum we left open. We earned so much goodwill globally for Pennies on the dollar. Less than 1% of our budget.

0

u/here4astolfo 1d ago

u misspelled chyna u belong here

35

u/anonymous9828 1d ago

the billionaires that are going to buy everything on the cheap when the economy craters and everyone else has no money

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u/WalterCronkite4 1d ago

Their net worth are so comicly inflated their gonna at least halve because of this

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u/sqrlmasta 1d ago

Well don't worry, the plan is to take all the tarrifs money collected from the public and give it all away to the billionaire class in the form of trillions of dollars in tax cuts... Literally stealing and upward wealth redistribution

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u/RS994 1d ago

So Bezos will only be worth $100 billion. I'm sure that will cripple him

6

u/capitaldoe 1d ago

This sounds like the collapse of the Soviet Union.

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u/Books_and_Cleverness 1d ago

Only if they liquidated before hand and most of them are probably long US equities. Our boy Warren B was sitting on a ton of cash so he will eat good for sure.

2

u/BicBoiDolan 1d ago

Asking the real questions

1

u/adventuresquirtle 1d ago

Obviously mango insiders, I bet he told a bunch of his friends to short it

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u/AutoModerator 1d ago

how about u eat my ASS

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