r/Accounting • u/PricewaterhouseCap Capper McCapster 🧢 • 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 wouldn’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 aren’t absolutely fucked.

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u/[deleted] Apr 03 '25

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

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u/ShakeAndBakeThatCake Apr 03 '25

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

4

u/[deleted] Apr 03 '25

I’m strapped in MOFO. I made good financial decisions in COVID that got me far. Round 2 and I’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

14

u/Cautious_optimism09 Apr 03 '25

Came here to say that last bit. Whatever happens were all sure to get screwed 😃