Breaking News: The S&P 500 fell 1.5% at the start of trading on Wall Street, adding to weeks of losses as businesses brace for the destabilizing effects of tariffs.
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it's called a Trumpcession. You can call it what it is. Americans have stopped spending. Trump has already destroyed the economy even if the media pretends otherwise. Everyone is waiting for the next support column to crumble.
If there is a recession, it'll be a recession he caused. That's his plan; tank everything. Declare an emergency. Claim only he can fix it so then his brain dead followers can cry out, 'our hero!' while dragging the rest of us down with them.
How about this instead: Stock market crashing, as expected, given the political risk in the US. The US is no longer seen as the economic power engine it once was.
I’m advising my clients to steer clear from US investments. There is way too much turmoil there. But mostly, I’m finding Canadians want nothing to do with the US anymore.
There's a reason why Trump couldn't get a loan from an American bank post mid 90s. He doesn't understand how finances work and no one wanted to do business with a cheat.
Trump dismissing the market, telling people to shut up about inflation, and moving the goalposts for his policies to payoff probably sounded better in his bathroom.
The Trumpcession is well underway. He’s the first new President in history to essentially cause a recession to happen. He breaks everything he touches.
Why do I feel hopeful of a market crash? I realize how it will cause more absolute chaos but we are already seeing that hurting the low and middle income, maybe it's time for ultra wealthy to see the pain?
People don't delude yourselves; this is not an effect of Trump's policies; it's a planned tanking of the economy.
He has two motives:
1. Sink the country in recession, with the hopes of rebounding so that he can claim he saved us from Bidenomics.
His second motive is more selfish. He wants smaller and middle-sized businesses and farms to tank. When that happens the billionaires, gobble them up at fire sale prices, break them up, sell them piecemeal, then when the economy rebounds, they become even wealthier.
Trump is doing this to us. Why? Why is he not leading on behalf of our country? Tariffs did not have to happen: Americans will pay for the tariffs. Nonsensical.
He is counting on the tariffs to get rid of income tax. He also needs to bring in revenue to offset the tax cuts for the rich. Both together dont compute
Inflation has cost Presidential elections 6 out of the last 7 cycles. This completely unnecessary and totally avoidable inflation/recession cycle will probably yield the first successful impeachment of a sitting President in America.
The Trump Slump isn't about how he stand or sits, it's about Trump tanking the markets because he is as inept with the economy as he was running his casinos
Can somebody explain to Lumpy and Nutlick how long it would take to bring back manufacturing to the US. I understand the value of manufacturing our own goods (at higher labor costs aka more expensive products), but this isn't 1929.
We're no longer a manufacturing economy, we're a tech/communications economy. We're no longer just a US economy, this is now a global economy, more intersected than ever. This isn't the 18th century, it's the 21st.
The S&P is a better gauge on the overall business thermometer. The Dow has too few companies for this. The Russell 2000 is even better than the S&P but gets less "street cred".
Russia failed to occupy Afghanistan. The US failed to occupy Vietnam, Afghanistan, and Iraq. Israel struggled in Gaza, and instead, is destroying Gaza. Putin cannot occupy Ukraine, and instead, he is destroying Ukraine. What chance does Trump have to occupy the US? Will he destroy the US instead?
Hello US-Citizens! You don’t need to sit quiet around, you can write emails or call your government! tell them , if you dont like what they do. Please always stay calm and friendly. They cannot ignore all. United you are strong! Please spread this info, thanks https://www.senate.gov/senators/senators-contact.htm?OrderBy=state&Sort=ASC
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Trump is the AntiChrist.
The dead-letter-literal-interpretation of the Bible,
evangelical fundamentalists white nationalists churches
have been warning about the man of sin" and "son of perdition.
And when he appears, they elect him president.
Boycott the churches on radio & TV.
*
https://bsky.app/profile/parismarx.com/post/3ljuzbt7msk2a
Let it all burn.
That’s what happens when you elect a lunatic and his cult to run a country.
https://www.amazon.com/dp/B0DZWGX1X2
"There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing…"
Translation: bullshit, lie, and cover for the 1%.
TrumpElonics📉
No war 😂
He has two motives:
1. Sink the country in recession, with the hopes of rebounding so that he can claim he saved us from Bidenomics.
It's all planned, folks.
#TruckFump
#WPE
🤣😂🤣😂 🙄🙄🙄
Why are democrats this stupid? DEI is not supposed to be this dumb. Are they all scared, shy, broke, nervous to speak to the public?
Republicans would've had a guillotine ready outside if a Democrat president behaved this way.
DEMAND RESIGNATION
thread🧵
https://bsky.app/profile/edhirsch.bsky.social/post/3linyvevpz22r
Thanks a lot to the People who voted for this. The loss of money we all experience is your fault.