Billionaire Ray Dalio says President Donald Trump’s tariff war has helped push America close to a recession — or perhaps even “something worse.”

  • HeyListenWatchOut@lemmy.world
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    5 days ago

    Still can’t believe these idiots wanted this ghoul over Harris considering how much more stable the economic growth is under Ds compared historically to Rs.

    ANYTHING to avoid paying even a CENT of taxes… even if the losses are 100x that under this new despotic era they’ve helped bring us into.

    • FooBarrington@lemmy.world
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      5 days ago

      Consistent periods of shocks and recovery are much better for billionaires than simple steady growth. The latter is better on paper, but it’s also better for everyone else, which means more competition for them. During shocks they can lower everyone elses standards and increase their relative wealth by buying from desperate people.