- United States
- Ohio
- Letter
Is this what you want? Seriously? A recession? The federal government is going to stop paying for things, basically at random. 20% of GDP is now unreliable.
Crypto-bro tech-moguls are sniping at each other, presidents are hawking meme-coins, law enforcement is in the hands of partisan imbeciles and the SEC is about to be gutted. Fraud will run rampant. No-one knows if that will juice or tank the stock market, but it scares people
Big Tech which contributes ~10% of US GDP directly has aligned itself with the government. Around the world but mostly in Europe boycotts are forming. China releasing an AI competitor saw a 3% drop in the Nasdaq, with over half a trillion dollars wiped off of the valuation of one top stock. They are fragile, and particularly reliant on international suppliers like TSMC and ASML.
It is entirely possible that the US will default on its debt, either by whim of its new rulers, or through gross incompetence of the hacker known as 4chan-BigBalls who has been put in charge of the treasury payment system. Something nearly impossible in normal circumstances could be ordered by the president, and be carried out before anyone realizes what has happened. And then the dollar is over.