Treasury Secretary Scott Bessent says Americans looking to retire aren’t concerned about day-to-day markets, dismisses concerns about a potential recession

You can make money betting the market will go down.

It's entirely likely these ghouls have bet hard on the downturn they have created. They knew exactly when it would happe and how extreme it was going to be. Keeping it going down just makes them money.

Youll see when they start buying all the low low stocks then reverse their tariffs to stabilize the system.

Op literally answered those questions in the post you're replying to.

The working class and middle class will continue to work and provide value to investors, because they have to. No work means no food, no home, so people will continue to work and investors will still have that value coming from the working and middle class. Their lives will suck, but that's not a rich person problem. Ideally, for the rich, the working class and middle class will sell off their assets at fire sale prices so that they can survive and the rich will get valuable assets on steep discounts. Homes that foreclose will be bought up and renters will be put in them and the return for investors will be incredible.

Recessions are when rich people get much wealthier in a short period of time. This is deliberate and the rich will be using their money to "invest" while the working and middle class produce more value for investors at their jobs and sell their assets to the investors.

There is no such thing as a recession being bad for the wealthy. The only thing bad for the wealthy is taxes and regulations. Even if their net worth drops, it only drops on paper temporarily and as long as they don't sell while the value is down it's like it never happened. If it ever gets really bad that's when companies are then deemed "too big to fail" and the government bails them out.

It's intentional and they're all excited about the recession.

Putin. Its always Putin, using Skum and HitlerPig as his muscle.

When will people truly internalize that the two biggest foreign Sociopathic Oligarchs, have partnered up with the most prolific traitor in American history? None of them have any loyalty or patriotism toward America, and only see us as a big, rich, fat, lazy target to be ruthlessly exploited and looted, and it's happening in real time before our eyes.

Dow Jones has gained 60% over past 5 years. Over the past 10 years it has more than doubled. Over the last year it is down 1.5%

Anyone who has kept investing for his retirement in US stocks/ETFs has a very comfy situation.

I also read that there is a translation issue with the word cake. It was originally reported as saying "brioche," not cake. Brioche is a type of bread, not a cake like we think of. It is still indicative of a lack of awareness, since the line was uttered in response to poor people not being able to afford bread and she suggested brioche instead, as if there is much difference.

Thanks for digging that up! I’m aware it wasn’t actually her, so I intentionally didn’t use the quote, but that probably still perpetuates the quote a bit anyway if you had not posted the correction

Yeah, I've considered that, but a sharper blade will get through more necks, faster. After all the nonsense of this administration, I want efficiency.

Besides, it will dull quick enough getting through those cervical vertebrae.

So was the depths of the great depression. And it was self inflicted by tarriffs in an attempt to fix the deficit.

History sure as hell rhymes.

UK was ahead of its time with Brexit and Liz Truss/Kwasi Kwarteng. Economic suicide is all the rage now.