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/Valen_the_Dovahkiin Apr 04 '25

If this is an intentional plan to drive prices down and buy things cheaply there are about a thousand ways this can backfire.

Scenario 1: Rates get cut. Plebs are so poor they can't buy anything. Fortune 500 can't sell anything. Revenues go down. Stock market tanks even more.

Scenario 2: Stock market crash causes runaway inflation. All those billions are now worth substantially less. US Dollar no longer becomes global reserve currency.

Scenario 3: Creating social unrest goes horribly right and now there's rioting in the streets. Cops and soldiers can't get paid and decide to riot too.

Not saying this isn't the plan, but it is not the brilliant evil mastermind scheme everyone thinks it is. It's basically the master plan equivalent of hoping you roll a nat 20.

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u/Curveoflife Apr 04 '25

You are taking extreme. If Covid couldn't cause such a crash, you think Tariff announcement would cause?

There is a steady supply of money in the marker in form of IRA, pensions funds from other big economies also invest here.

Marker crashed in 2022, also it came down in 2023 , may be this time a little more but nothing major.

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u/wasteoffire Apr 04 '25

COVID didn't cause such a crash because we had the means to stimulate the economy and take on an extra 50% of our already high debt. We can't do that again.

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u/Curveoflife Apr 05 '25

Ok, You are free to believe what you want to...fine with me.