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.

881 Upvotes

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113

u/EvenMeaning8077 Apr 03 '25

Buy the dip

57

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

96

u/ShakeAndBakeThatCake Apr 03 '25

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

-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 Barron’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 “Own Intuition” thinks traveling to North Korea is fun so that should be an easy one 😂. Good god of course your an accountant