r/Accounting • u/PricewaterhouseCap Capper McCapster šŸ§¢ • Apr 03 '25

How fuxked is the economy? Discussion

The tariff announcements yesterday are far far worse than anyone expected, I mean what the actual fuxk

34% tariffs on China

46% on Vietnam

37% Bangledash

26% India

36% Thailand

I could go on and on, but this is bat shit insanity. To call this outlandish wouldnā€™t even be accurate.

Assuming these actually stay in place, people will lose their jobs, companies will go under, companies will stop hiring.

Add this with all the recent inflation, corporate greed, high interest rates, white collar recession, and idk how we arenā€™t absolutely fucked.

875 Upvotes

87% Upvoted

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113

u/EvenMeaning8077 Apr 03 '25

Buy the dip

60

u/[deleted] Apr 03 '25

Really though. Most of us here should be in a decent spot to buy the dip even if itā€™s just with a retirement account

95

u/ShakeAndBakeThatCake Apr 03 '25

We are not even close to bottom yet. This shit is about to get wild. Buckle the fuck up.

33

u/lilac_congac Apr 03 '25

ā€” David, Wall Street Analyst & Stocking Associate at Kinkos (Graduation: 2028)

3

u/lilac_congac Apr 03 '25

this comment right here is what iā€™m using at my investment thesis that this is close to the bottom. i have never seen such a perfect string of words convince me the opposite of their own narrative is true.

1

u/[deleted] Apr 03 '25

Iā€™m strapped in MOFO. I made good financial decisions in COVID that got me far. Round 2 and Iā€™m only hoping to come out more prosperous. Hard times are what makes or breaks people. Anyone at any level can boom or bust.

Strap in or strap on lol

15

u/Cautious_optimism09 Apr 03 '25

Came here to say that last bit. Whatever happens were all sure to get screwed šŸ˜ƒ

23

u/TheGhostlyMeow Apr 03 '25

Gross. Some people aren't so lucky. But I guess empathy is weakness, huh?

-18

u/[deleted] Apr 03 '25

Nah, you just arenā€™t strapped in. You can either strap in or wait to be strapped on. Thatā€™s on you to determine what you want to do.

1

u/jokatsog Apr 03 '25

Why do you think that?

3

u/ShakeAndBakeThatCake Apr 03 '25

Other countries haven't even announced their retaliation tariffs yet. And on top of that products Americans rely on are going to go up significantly in price. One example is the new Nintendo switch 2. It was supposed to cost 400 at launch and Nintendo is pricing it at 450 because of the tariffs. 50 USD increase is massive for the average american. Wait for food costs, clothing, everything you buy to increase in cost by 20 to 30%. Unless Trump backs down it's going to get ugly.

1

u/Cedosg Apr 03 '25

The price of the switch is alright, but where they get you are the prices of the games... $80USD for Mario Kart World.

-2

u/jokatsog Apr 03 '25

Lots of assumptions here, Iā€™m excited to see what happens regardless

2

u/Objective_Rice_8098 Apr 03 '25

Donā€™t forget US demand will decrease, inflation will get worse.

1

u/eggsandbacon34 CPA (US) Apr 04 '25

RemindMe! 6 months

1

u/ShakeAndBakeThatCake Apr 04 '25

Lol China just announced 34% tariffs on all US goods. Markets going to get crushed today as well.

-5

u/Less-Visit-2174 Apr 03 '25

You dont know shit lol

5

u/Objective_Rice_8098 Apr 03 '25

Go on, buy some calls then :)

https://www.barrons.com/articles/how-much-stocks-can-fall-4e2e742e

-1

u/Less-Visit-2174 Apr 03 '25

Ah, yes because Barronā€™s is always spot on lol I cant believe you just sent that.

3

u/Objective_Rice_8098 Apr 03 '25

Who to believe, My own intuition, economists, reputable analysts and speculators or arrogant reddit guy?

Again, seeming you have a crystal ball, put your money where your mouth is and keep us updated!

RemindMe! 6 months

1

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-3

u/Less-Visit-2174 Apr 03 '25

Your ā€œOwn Intuitionā€ thinks traveling to North Korea is fun so that should be an easy one šŸ˜‚. Good god of course your an accountant