Tim Anderson
@timmer230.bsky.social
Reposted by Tim Anderson
The S&P 500 has lost 10.5% of its value in two days.
Since 1980, we've only seen larger declines three other times: the '87 crash, Nov 2008, and Mar 2020. And those weren't due to policy choices.
This may be the largest self-imposed destruction of wealth ever.
Since 1980, we've only seen larger declines three other times: the '87 crash, Nov 2008, and Mar 2020. And those weren't due to policy choices.
This may be the largest self-imposed destruction of wealth ever.
April 4, 2025 at 11:22 PM
The S&P 500 has lost 10.5% of its value in two days.
Since 1980, we've only seen larger declines three other times: the '87 crash, Nov 2008, and Mar 2020. And those weren't due to policy choices.
This may be the largest self-imposed destruction of wealth ever.
Since 1980, we've only seen larger declines three other times: the '87 crash, Nov 2008, and Mar 2020. And those weren't due to policy choices.
This may be the largest self-imposed destruction of wealth ever.
Reposted by Tim Anderson
punishing the coffee shop across the street from my office for my increasing trade deficit by unilaterally imposing a 30% increase on the price I pay them for my coffee
this will make me unimaginably rich
this will make me unimaginably rich
April 5, 2025 at 3:58 AM
punishing the coffee shop across the street from my office for my increasing trade deficit by unilaterally imposing a 30% increase on the price I pay them for my coffee
this will make me unimaginably rich
this will make me unimaginably rich
Reposted by Tim Anderson
We are speedrunning the Declaration of Independence, folks.
![[text from the Declaration of Independence]
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For transporting us beyond Seas to be tried for pretended offences:](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:qvyj3hxm4opuuddzrhcbiio6/bafkreiahlp7acp6y2hakkfu5h66vg2ifckdo6b7fqaebenki3qoxswp73e@jpeg)
April 4, 2025 at 11:11 PM
We are speedrunning the Declaration of Independence, folks.
Reposted by Tim Anderson
This has to be the dumbest time to be alive as an American. We had the best post-covid economy in the world, but no one believed it, so now we'll have the worst.
April 4, 2025 at 12:17 PM
This has to be the dumbest time to be alive as an American. We had the best post-covid economy in the world, but no one believed it, so now we'll have the worst.
Reposted by Tim Anderson
2026: under cover of darkness a Nova Scotian fishing boat quietly slips into a cove in Maine, dropping off crates of Nvidia GPUs and picking up barrels of bourbon before disappearing back into the night, one step ahead of the coastguard drones
April 3, 2025 at 9:25 AM
2026: under cover of darkness a Nova Scotian fishing boat quietly slips into a cove in Maine, dropping off crates of Nvidia GPUs and picking up barrels of bourbon before disappearing back into the night, one step ahead of the coastguard drones
Reposted by Tim Anderson
Today's stock market crash was the worst since the Spring of 2020.
Can you guess who was president during *both* crashes? I bet you can!
Can you guess who was president during *both* crashes? I bet you can!
April 3, 2025 at 8:24 PM
Today's stock market crash was the worst since the Spring of 2020.
Can you guess who was president during *both* crashes? I bet you can!
Can you guess who was president during *both* crashes? I bet you can!
Reposted by Tim Anderson
And that’s if you believe the $600b figure. Some economists believe it could be half that.
April 3, 2025 at 8:42 PM
And that’s if you believe the $600b figure. Some economists believe it could be half that.
Reposted by Tim Anderson
Sometimes I am struck quite forcefully by how Trump’s greatest weapon is us: our collective ignorance, indifference, laziness, quickness to anger, willingness to cede reason to a strongman, willingness to believe the worst of the Other. We are his terrible swift sword.
Lutnick: "Let Donald Trump run the global economy. He's knows what he's doing. He's been talking about it for 35 years. You gotta trust Donald Trump in the White House ... it's broken. Let him fix it ... Let Donald Trump fix the American economy."
April 3, 2025 at 3:52 PM
Sometimes I am struck quite forcefully by how Trump’s greatest weapon is us: our collective ignorance, indifference, laziness, quickness to anger, willingness to cede reason to a strongman, willingness to believe the worst of the Other. We are his terrible swift sword.
Reposted by Tim Anderson
Reposted by Tim Anderson
Let's zoom in on the "not too much time" here. Does anyone know how long it takes to set up a manufacturing plant? Not just the physical building but the supply chains? hiring? "not much time". Since the time can't be much less than 3 yrs at the absolute minimum ...
April 3, 2025 at 1:03 AM
Let's zoom in on the "not too much time" here. Does anyone know how long it takes to set up a manufacturing plant? Not just the physical building but the supply chains? hiring? "not much time". Since the time can't be much less than 3 yrs at the absolute minimum ...
Reposted by Tim Anderson
"The numbers have been calculated by the Council of Economic Advisers"
April 3, 2025 at 12:29 AM
"The numbers have been calculated by the Council of Economic Advisers"
Reposted by Tim Anderson
Trump campaigned on his unhinged plan to impose tariffs on the entire world and Corporate America could have made it clear that this would have devastating consequences for consumers and the economy but instead they just assumed that Trump would not follow through and supported Trump
April 2, 2025 at 10:27 PM
Trump campaigned on his unhinged plan to impose tariffs on the entire world and Corporate America could have made it clear that this would have devastating consequences for consumers and the economy but instead they just assumed that Trump would not follow through and supported Trump
Reposted by Tim Anderson
So the basic proposal, if I’m following correctly, is to wrench the whole American consumer economy back to Gilded Age protectionism by means of Executive fiat, right now, tonight, while Congress tries to relieve the tax burden on some rich people but everyone else goes on paying income taxes too.
April 2, 2025 at 9:10 PM
So the basic proposal, if I’m following correctly, is to wrench the whole American consumer economy back to Gilded Age protectionism by means of Executive fiat, right now, tonight, while Congress tries to relieve the tax burden on some rich people but everyone else goes on paying income taxes too.
Reposted by Tim Anderson
this shit sucks so much, most of us have lived through at least 3 other recessions now im just so sick of this shit they just keep stealing our future from us
April 2, 2025 at 9:03 PM
this shit sucks so much, most of us have lived through at least 3 other recessions now im just so sick of this shit they just keep stealing our future from us
Reposted by Tim Anderson
Attorney General Seeks Death Penalty For All UnitedHealthcare Customers
April 1, 2025 at 7:00 PM
Attorney General Seeks Death Penalty For All UnitedHealthcare Customers
Reposted by Tim Anderson
This makes no sense—civilization would "disappear" if it didn't keep growing above 8 billion people? people would just give up having children? huh?—until you see what countries he has excluded from "every country."
Then you understand what the apartheidist means by "civilization."
Then you understand what the apartheidist means by "civilization."
March 29, 2025 at 11:47 PM
This makes no sense—civilization would "disappear" if it didn't keep growing above 8 billion people? people would just give up having children? huh?—until you see what countries he has excluded from "every country."
Then you understand what the apartheidist means by "civilization."
Then you understand what the apartheidist means by "civilization."
Reposted by Tim Anderson
They’ll never accept it, but everyone who cast a vote for Donald Trump did real, generations-long damage to the United States and the west in exchange for essentially nothing of value.
Carney: "The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over."
March 27, 2025 at 8:07 PM
They’ll never accept it, but everyone who cast a vote for Donald Trump did real, generations-long damage to the United States and the west in exchange for essentially nothing of value.
Reposted by Tim Anderson
I’m old enough to remember when Secretary Hegseth tried to publicly mock Judge Reyes—suggesting that she didn’t know what she was doing when it comes to protecting our national security.
It was … two days ago.
It was … two days ago.
March 24, 2025 at 8:54 PM
I’m old enough to remember when Secretary Hegseth tried to publicly mock Judge Reyes—suggesting that she didn’t know what she was doing when it comes to protecting our national security.
It was … two days ago.
It was … two days ago.
Reposted by Tim Anderson
Reposted by Tim Anderson
what if instead of giving one person all the money to make our lives worse we instead kept the money to make our lives better
March 21, 2025 at 2:54 AM
what if instead of giving one person all the money to make our lives worse we instead kept the money to make our lives better
Reposted by Tim Anderson
FedSoc trying to shove the orange genie back into the bottle
BREAKING: Chief Justice John Roberts responds to inquires after Trump called for a D.C. federal judge who ruled against him to be impeached @courthousenews.bsky.social
March 18, 2025 at 4:06 PM
FedSoc trying to shove the orange genie back into the bottle
Reposted by Tim Anderson
Art imitates life.
A self-anointed king propped up by a slippery tech overlord.
A self-anointed king propped up by a slippery tech overlord.
March 11, 2025 at 12:46 AM
Art imitates life.
A self-anointed king propped up by a slippery tech overlord.
A self-anointed king propped up by a slippery tech overlord.
Reposted by Tim Anderson
The man who issues threats daily and then immediately backs down from them has done it again. You better watch it, because next time he might really mean it.
March 6, 2025 at 4:45 PM
The man who issues threats daily and then immediately backs down from them has done it again. You better watch it, because next time he might really mean it.
Reposted by Tim Anderson
AOC: It's really because Republicans— they’re very thin skinned and they're very sensitive, and their feelings are very easily hurt. And so they have to vote on censure resolutions.
March 6, 2025 at 11:22 PM
AOC: It's really because Republicans— they’re very thin skinned and they're very sensitive, and their feelings are very easily hurt. And so they have to vote on censure resolutions.