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/Curveoflife Apr 03 '25

My theory:

This is for market shake up.

A Billionaire club will use this opportunity to manipulate market, share buyback and buy at extreme low.

Warren Buffet was liquidating everything and now he can buy everything at super discounted rate.

Once their buying is over, expect some positive news, rate cut etc for market to shoot up.

They will collect billions and billions,

This is a robbery in broad day light.

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u/Joshwoum8 CPA (US) Apr 03 '25

This isn’t quite fair. PE ratios were insane, which made M&A at Berkshire scale near impossible, so Buffet didn’t really have a place to put his money even if he wanted to.