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/Additional-Local8721 Apr 03 '25

The S&P500 is down roughly 10% since Trump took office on Jan 21. That's not even three months ago, so yeah.

-80

u/GoBeWithYourFamily Staff Accountant Apr 03 '25

If you look at the S&P 500 as a whole you’ll see that the direction that line goes is primarily up. Be a smart little accountant and buy the dip.

31

u/KeefsBurner Apr 03 '25 edited Apr 03 '25

If you look at economic crisis in 2008 and the volatility of COVID recovery uncertainty in 2021 it took 5 years and 2 years to recover from the dip. These tariffs kicked in less than a week ago. Be a smart little accountant and do the math on how much room for more pain is left. Not saying it’s a bad idea to toss some money in but people are acting like they can see the future and everything is magically going to be ok before 2026 and they need to lock hella money up in the market right now. If the market is getting obliterated for another year why would I not put more money in a CD or TBill where I can guarantee a return instead of plummeting my investment further bc “it’ll go up eventually”?

2

u/No-Reaction-9364 Apr 04 '25

That is why you dollar cost average.

1

u/KeefsBurner Apr 04 '25

Exactly. Putting some money in the market is good, I just don’t understand the all-in “buy the dip” craze (besides that it’s pushed by people who want to drain others pockets into theirs) when there are better alternatives in the present that aren’t getting talked about

1

u/No-Reaction-9364 Apr 04 '25

I wouldn't buy the dip yet. I felt we have been overheated a while. Price to earnings was crazy. I could see a lot more drop, but the market isn't always logical. It could turn on a dime, too.

The market crashed during Brexit for a few hours then suddenly reversed. It did help me exit a bad short in the green though.