Hold on to your butts.

  • disguy_ovahea@lemmy.world
    link
    fedilink
    English
    arrow-up
    98
    ·
    3 days ago

    Yup. We implemented those after Black Monday in 1987, and other markets followed suit. We should absolutely expect the same thing in the US tomorrow morning.

    Black Monday

        • douglasg14b@lemmy.world
          link
          fedilink
          English
          arrow-up
          19
          ·
          edit-2
          3 days ago

          This isn’t necessarily going to affect the ultra rich who count on crashes like this to buy up real estate and assets in mass.

          It’s practically a guaranteed win, a cheat code even .

          If you’re ultra rich and wanna be ultra ultra rich, just setup a market collapse by acquiring power. And now you’re ultra-ultranrich, and the next one is even easier.

          The undereducated masses are so easy to mislead they might as well not be a factor. It’s trivial to get the masses to fight amongst themselves by stirring the culture war pot with the near monopoly on media you and your buddies have bought. While you carry on class warfare unopposed