I’m glad to hear they’re hurting and not anyone else
Except when equities plunge it drives up borrowing costs. That impedes how businesses maintain and expand their enterprises, which puts downward pressure on employment and wages.
We’re also seeing a crash in commodities prices - particularly US exports - and energy demand, which is gearing up to wreck the O&G, automotive, and agricultural sectors.
It’s bad bad bad for everyone. A totally unforced error by Trump that will have huge negative downstream reprecussions for us all.
Trump is doing by accident things I’d never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
Maybe. The US has been written off a few times before this and rebounded. And there’s no real reason to believe the current EU will be any less xenophobic, imperialist, or wreckless and wasteful as their American peers, given that they’ve been drinking as hard from the fascist well as the rest of us.
We’ll see what comes of it all. Maybe America will go quietly off into the graveyard of empires and swallow a bullet. Or maybe we’re come roaring back for one last nightmarish global thermonuclear Holocaust because we just can’t stand not being the center of attention.
The fungi take over for a few hundred thousand years, tops. There are some global climate swings during this period but eventually the balance is restored and the next set of animals asserts hegemony. Just because this is the first mass extinction caused by animals (arguably) doesn’t mean it won’t play out like the others.
Except when equities plunge it drives up borrowing costs. That impedes how businesses maintain and expand their enterprises, which puts downward pressure on employment and wages.
We’re also seeing a crash in commodities prices - particularly US exports - and energy demand, which is gearing up to wreck the O&G, automotive, and agricultural sectors.
It’s bad bad bad for everyone. A totally unforced error by Trump that will have huge negative downstream reprecussions for us all.
Maybe. The US has been written off a few times before this and rebounded. And there’s no real reason to believe the current EU will be any less xenophobic, imperialist, or wreckless and wasteful as their American peers, given that they’ve been drinking as hard from the fascist well as the rest of us.
We’ll see what comes of it all. Maybe America will go quietly off into the graveyard of empires and swallow a bullet. Or maybe we’re come roaring back for one last nightmarish global thermonuclear Holocaust because we just can’t stand not being the center of attention.
Either way I’m good. Animals have had a good run. Time for the fungi to take over.
The fungi take over for a few hundred thousand years, tops. There are some global climate swings during this period but eventually the balance is restored and the next set of animals asserts hegemony. Just because this is the first mass extinction caused by animals (arguably) doesn’t mean it won’t play out like the others.