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⚯ Michel de Cryptadamus ⚯<p>MAGA bros are crowing about the 2nd highest Nasdaq stock market gains in history so I figured it's worth pointing out that:</p><p>1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.</p><p>2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.</p><p><a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://universeodon.com/tags/stockmarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stockmarket</span></a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> <a href="https://universeodon.com/tags/trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trump</span></a> <a href="https://universeodon.com/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> <a href="https://universeodon.com/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://universeodon.com/tags/MAGA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MAGA</span></a> #2008 <a href="https://universeodon.com/tags/GreatFinancialCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GreatFinancialCrisis</span></a> <a href="https://universeodon.com/tags/GFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GFC</span></a></p>
Strypey<p>2022: <a href="https://mastodon.nzoss.nz/tags/JohnNaughton" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JohnNaughton</span></a> lays out the well-known propertarian and Hayekian side of crypto evangelism, then this intriguing observation;</p><p>"Lots of people will point out that the Satoshi memo, which released the idea for blockchain, more or less coincides with the fall of Lehman Brothers, and... [that] being a token for the corrupt, uncontrollable nature of financial capitalism and it's untrustworthiness."</p><p><a href="https://shows.acast.com/talkingpolitics/episodes/the-next-big-thing" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">shows.acast.com/talkingpolitic</span><span class="invisible">s/episodes/the-next-big-thing</span></a></p><p><a href="https://mastodon.nzoss.nz/tags/podcasts" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>podcasts</span></a> <a href="https://mastodon.nzoss.nz/tags/Talking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Talking</span></a> Points <a href="https://mastodon.nzoss.nz/tags/BlockChains" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BlockChains</span></a> <a href="https://mastodon.nzoss.nz/tags/Satoshi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Satoshi</span></a> <a href="https://mastodon.nzoss.nz/tags/GFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GFC</span></a> <a href="https://mastodon.nzoss.nz/tags/LehmanBrothers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LehmanBrothers</span></a></p>
David Thomas Jackson<p>The United Kingdom faces a steep climb out of a deep hole.</p><p>Food shortages, moldy apartments, a lack of medical workers: The UK faces a perfect storm of struggle, and millions are sliding into poverty. There is little to suggest that improvement will come anytime soon.</p><p>Last week the IMF forecast that in no other industrialised nation would the economy develop as poorly as in Britain. Even Russia is expected to end up ahead.</p><p><a href="https://www.spiegel.de/international/europe/britain-in-crisis-the-uk-faces-a-steep-climb-out-of-a-deep-hole-a-6b61dc6f-e33f-46f3-bd27-743364dd675c" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">spiegel.de/international/europ</span><span class="invisible">e/britain-in-crisis-the-uk-faces-a-steep-climb-out-of-a-deep-hole-a-6b61dc6f-e33f-46f3-bd27-743364dd675c</span></a></p><p><a href="https://mastodonapp.uk/tags/UK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UK</span></a> <a href="https://mastodonapp.uk/tags/CostOfLiving" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CostOfLiving</span></a> <a href="https://mastodonapp.uk/tags/GFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GFC</span></a> <a href="https://mastodonapp.uk/tags/Austerity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Austerity</span></a> <a href="https://mastodonapp.uk/tags/Brexit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Brexit</span></a></p>
The European Network<p>The United Kingdom faces a steep climb out of a deep hole.</p><p>Food shortages, moldy apartments, a lack of medical workers: The UK is facing a perfect storm of struggle, and millions are sliding into poverty. There is little to suggest that improvement will come anytime soon.</p><p>Last week the IMF forecast that in no other industrialised nation would the economy develop as poorly as in Britain. Even Russia is expected to end up ahead.</p><p><a href="https://www.spiegel.de/international/europe/britain-in-crisis-the-uk-faces-a-steep-climb-out-of-a-deep-hole-a-6b61dc6f-e33f-46f3-bd27-743364dd675c" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">spiegel.de/international/europ</span><span class="invisible">e/britain-in-crisis-the-uk-faces-a-steep-climb-out-of-a-deep-hole-a-6b61dc6f-e33f-46f3-bd27-743364dd675c</span></a></p><p><a href="https://mstdn.social/tags/UK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UK</span></a> <a href="https://mstdn.social/tags/CostOfLiving" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CostOfLiving</span></a> <a href="https://mstdn.social/tags/GFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GFC</span></a> <a href="https://mstdn.social/tags/Austerity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Austerity</span></a> <a href="https://mstdn.social/tags/Brexit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Brexit</span></a></p>
Cory Doctorow<p>Geithner was Obama's go-to guy for the <a href="https://mamot.fr/tags/GFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GFC</span></a>. It was under his leadership that billions were handed out to the banks to bail them out and keep them solvent during the crisis - and it was also under his leadership that bank execs were able to pay themselves millions in bonuses using that public money.</p><p>7/</p>
ProperWhopper<p>Christ, the introduction thing seems… like you have to do it. So, I suppose <a href="https://mastodon.sdf.org/tags/Everton" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Everton</span></a> <a href="https://mastodon.sdf.org/tags/coyb" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>coyb</span></a> (even though I can’t stand us, when I think about it). Weirdly obsessed with the <a href="https://mastodon.sdf.org/tags/GFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GFC</span></a>. Love <a href="https://mastodon.sdf.org/tags/words" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>words</span></a> <a href="https://mastodon.sdf.org/tags/language" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>language</span></a> and <a href="https://mastodon.sdf.org/tags/grammar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>grammar</span></a> related stuff. <a href="https://mastodon.sdf.org/tags/StarWars" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StarWars</span></a> features highly. And <a href="https://mastodon.sdf.org/tags/photography" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>photography</span></a> - <a href="https://mastodon.sdf.org/tags/StreetCandid" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StreetCandid</span></a> and <a href="https://mastodon.sdf.org/tags/StreetPhotography" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StreetPhotography</span></a>. Oh and <a href="https://mastodon.sdf.org/tags/Gaming" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Gaming</span></a> and <a href="https://mastodon.sdf.org/tags/RetroGaming" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RetroGaming</span></a>. And <a href="https://mastodon.sdf.org/tags/Cinema" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cinema</span></a>. God I love the films.</p>