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Folks place your bets on what the feather to pop the American economic bubble will be. (hexbear.net)
submitted 9 months ago by [M] to c/main@hexbear.net
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https://x.com/adamscochran/status/1995501382171025884

My money is on the Chinese shutting down their gamer gatcha market to Japan dominoing to the AI market imploding via Nvidia going bankrupt or some shit

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[–] 49 points 9 months ago (2 children)

Most American retail is in the red until Christmas season, so it would make a lot of sense if consumer markets waited until about Christmas time to realize that they're crashing.

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  • [–] 50 points 9 months ago (2 children)

    While I've heard this repeated my whole life ("it's called Black Friday because that's when we're finally in the black"), but I just have a really hard time accepting that the arch capitalists who run this country really operate the whole thing on a loss for 11 months and make all their profit in December? They rip us off every fucking day; there's no way they start making real money in December.

    Or maybe because the fiscal year rolls in Sept or idk June, so they're showing profit after 3-6 months, which is maybe feasible

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  • [–] 24 points 9 months ago

    When you're rich, you can budget in terms of years. In fact, almost all "successful" businesses operate at a loss for five years or more before they are consistently profitable. The whole thing is held together with debt, family fortunes, and con jobs

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