overview for aow

TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History in c/til@lemmy.world

[–] aow@sh.itjust.works 8 points 4 days ago (2 children)

The reason that the stock market cratered in response to this was that regular consumers are about to get hit with a 25%+ price increase on literally everything they buy. If you don't make 25% more paycheck, you're going to be cutting your lifestyle by the difference. Companies know this and are anticipating major lost revenue because people won't have money to spend on their products. The price increases are probably going to be in full swing in 2-3 months, but that's an educated guess, only.

Every girl's crazy 'bout a bright vest man. in c/funny@sh.itjust.works

[–] aow@sh.itjust.works 3 points 1 week ago

Yeah, the other side says "slow".

23 March 2025 in c/thefarside@sh.itjust.works

[–] aow@sh.itjust.works 13 points 2 weeks ago

This torture method is a bit of a stretch...

The only argument I will, begrudgingly, accept in c/funny@sh.itjust.works

[–] aow@sh.itjust.works 6 points 2 months ago

Ok, so it's flat and on top of another object, like a board on a wheel! The surface is flat but wobbles a bit.