during his first term when the stocks were up he said it was because of him when they dropped Donny diaper said it was because of the Obama policies now he is saying stocks were overvalued to begin with this is who wall street overwhelmingly supported!?
We were warned this would happen. The warning was rejected "oh, it's just a negotiating tactic, he wouldn't do that." $6.4trillion in losses in two days, while Trump is playing golf at his Doral Golf Club with other billionaires.
Question: since this money isn't just gone.......who has it? I am willing to wager a bet on my boat that its T-rump and his buddies. Let's bring their privé, ruin their businesses. TESLA first!!
In case anyone is wondering how Trump calculated the tariffs, here it is.
Spoiler alert: it can't get more stupid that it actually is. CBC Andrew Chang explains it, very simply. 1.3 million views.
The gamers are gonna go nuts! The Nintendo Switch 2 won’t be released in the USA because of tariffs. I predict. It’s a ready player one all out attack on the administration
If we’re following the Great Depression playbook (which it seems like we are), the week ends with some bad market days, followed by a total bloodbath early the next week. April 8 going to be the new Black Tuesday?
It's like in weather forecasting - big difference between record high and record low. But keep telling people to wear t-shirts when it's snowing outside
Not the biggest percentage drop though, it is worth noting - total market cap is much higher now, so the same size percentage movement produces a much larger topline number.
Yeah absolutely the great depression stock market drops are truly like nothing else we have seen since then. Even covid's were very extreme by comparison to most in history.
Give it time.
Speaking of which, there's something in common about the presidents who oversaw the largest DJI percentage drops. I can't put my finger on it however...
it will probably be worse by Monday. The previous financial crisis was due to a single cataclysmic system failure. But Donald trump is a System failure creating machine. through the weekend I'm sure he'll announce something else fucking bananas, like defaulting on part of the US debt
So, Trump claims that there is huge trade deficit between the US and EU. But does this actually hold true if digital services (Paypal, eBay, Amazon, Google, Meta etc) are taken into account? Apart from Spotify, I can’t really think of any European digital service that’s extensively used in the USA.
They had a record-beating economy before trump was elected. Had he stayed the course it would still be humming along still. But no,he had to go and screw it up like he screws up everything.
Amazon: $1 million
Meta: $1 million
Google: $1 million
Microsoft: $1 million
Uber: $1 million
Toyota: $1 million
Ripple [Cryptocurrency]: $5 million
Uber CEO : $1 million
Meta CEO : $1 million
Apple CEO : $1 million
OpenAI CEO : $1 million
Create the chaos crash the economy buy the dip - thats the Evil Inc. plan. Because the Krazy Kremlin Kooks told their pathetic puppets to do so. #fuckpunyputin
Same people that said "we have to shut the border because of all the drugs coming in", so, they shut the border and then 2 days ago trump said "look at all the drugs they're bringing in".
The DOW, on December 4, 2024, closed at 45,014.04 points. Today it closed at 38,314.86. That's a 14.88% decrease! We lose money and get to pay higher prices. And to think we could have had Kamalot!
ELECTIONS HAVE CONSEQUENCES!
The U.S. stock market has lost $9.6 trillion in value since Jan 20.
“The capture of the presidency by Putin through his proxies Trump and Musk presents an opportunity to accelerate destabilization. Mass federal employee layoffs, tariffs, budget cuts. Their primary target, the dollar, will be assaulted from every angle.”
Who benefits the most in a recession? The filthy rich…
“So don’t be so sure Republicans in the House and Senate won’t celebrate billionaires Trump and Musk dragging America into a second Republican Great Depression if they have a chance.”
So, if all these stocks have lost value, doesn't that mean anyone with discretionary cash can purchase them at discount prices? So this is more of a wealth transfer, correct? But who would have the cash on hand to invest? People who knew this would happen, or those who orchestrated it, hmmm!
It’s incredible the amount of people who don’t understand it’s cheaper to contribute to a functional society than it is to do business in complete chaos.
At this point, it can also be useful to actually destroy wealth, bc if I have, say, 10% of the dollars, & we all lose 10% of our wealth, I'll still have 10% of the new, smaller, total, but normal ppl will lose their jobs, homes, etc, and then I can use my share to buy up assets at a discount.
Bc normal ppl *do* care about absolute numbers of dollars. A Coke costs $1, a pizza is $20, a job pays $18/hr, etc. And also, a mortgage, car payment, utilities, etc, are all measured in actual dollars, not whatever infinitesimally small share of the economy or monetary supply it works out to be.
Then, once things stabilize, I will have grown my share from 10% to, say, 15%, while more ppl will be splitting an even smaller slice of a smaller pie. But my share of the wealth, & my power, will have grown, bc those are measured in relative, not absolute, terms.
Elon Musk notwithstanding, my sense is that the very wealthy assumed, incorrectly, that Trump 2.0 would resemble Trump 1.0, with a lot of Orange Bluster, but with a pro-growth policy largely designed by business GOP economics and finance guys like Mnuchin.
They assumed that, since a 20% global tariff was so clearly, obviously and transcendentally stupid that it could only be a ruse, a trick to play on poor voters, and that the real policy would be different.
I tried before the election to explain to some folks I knew in this camp that the old-hat GOP guys who restrained Trump in 1.0 were all purged and gone for 2.0, but it was like explaining something to a brick wall.
Good thing they're the only ones that will have to endure the consequences. Didn't think the Leopards Would Eat My face subreddit is having a field day.
It was his voters that attended his rally’s and listen as he talked about vengeance, retaliation, and how migrants were all evil people that’s about all he talked about. His supporters gave the billionaire all he craved money, allegiance to him, hate for anyone he hated. Faux promises… he lied&lied
Yea because people are fucking stupid and hitting the panic button. The stock market is just going down because people are selling their stock. Why? Nothing has actually happened yet. And no one knows exactly what will happen. If everyone would just calm the fuck down.
🤣😂 401 k, that's good one . But Maga says, "What's that? Trump changed it to 501 plan. What's the 501 plan? O, you say PULL DOWN YOUR 501, AND TRUMP WILL FK YOU.
Don't care if he said it or not he should be and he should be convicted by the Senate, but do you think the Republican senators will do that? Takes 2/3 to convict so they have to vote for impeachment too.
Comments
As of a couple days ago, we went on strike. A strike against MAGA.
My heart bleeds 🫢
Demand Action!
April 3 2025
Oil prices are crashing after tariffs and OPEC deliver a double whammy to energy markets
US oil prices tanked more than 7.5% on Thursday.
President Donald Trump's tariffs are battering energy markets as recession fears climb.
https://www.msn.com/en-us/money/markets/oil-prices-are-crashing-after-tariffs-and-opec-deliver-a-double-whammy-to-energy-markets/ar-AA1Cf1gk?ocid=BingNewsSerp
It's genius.
Hang on to your butts.
Spoiler alert: it can't get more stupid that it actually is. CBC Andrew Chang explains it, very simply. 1.3 million views.
https://youtu.be/PWhv-06DNjE?si=TdlcQlxVS9kzsZ_T
Because Republicans wanted to protect the guy who would let them get a $4 trillion tax cut.
Efficiency
https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-and-nasdaq-set-for-further-losses-after-1-679-point-blue-chip-tumble/card/u-s-stock-market-has-lost-9-6-trillion-in-value-since-inauguration-day-6NL1f3p5I5eUhbOGt2Wy
THE COUNTRY IS IN A $36.6 TRILLION DOLLAR DEBT HOLE, its time to trysomehting else
https://bsky.app/profile/koubitz.bsky.social/post/3llz7pvfadc2n
And Black Monday, 1929 was something like a 13% drop in a day, also bigger but (DJIA, not S&P, which didn't exist yet).
But you are absolutely right: it is a historically big drop.
Speaking of which, there's something in common about the presidents who oversaw the largest DJI percentage drops. I can't put my finger on it however...
We just need to run the nation like a business harder.
Amazon: $1 million
Meta: $1 million
Google: $1 million
Microsoft: $1 million
Uber: $1 million
Toyota: $1 million
Ripple [Cryptocurrency]: $5 million
Uber CEO : $1 million
Meta CEO : $1 million
Apple CEO : $1 million
OpenAI CEO : $1 million
https://www.commoncause.org/articles/big-tech-is-donating-millions-to-trumps-inauguration/
But I was promised more taco trucks, and I think the number of taco trucks has remained stubbornly static.
ELECTIONS HAVE CONSEQUENCES!
The U.S. stock market has lost $9.6 trillion in value since Jan 20.
As they say, “Is that bad?”
/Republican math
Or am I not reading the right MSM?
https://hartmannreport.com/p/the-recession-racket-musk-trump-and-2bd
“So don’t be so sure Republicans in the House and Senate won’t celebrate billionaires Trump and Musk dragging America into a second Republican Great Depression if they have a chance.”
https://hartmannreport.com/p/the-recession-racket-musk-trump-and-2bd
Did some outside and uncontrollable force come in and destroy us? No. We elected to do this to ourselves.
Why? Eggs and girls sports.
Turns out, they were the rubes all along.
“ChatGPT, what will happen when we impose these tariffs?”
“If you follow this tariff plan, a great empire will be destroyed.”
“See? We’re totally going to destroy China with these tariffs.”
They didn't want to believe, so they didn't.
And now here we are.
A MASSACRE!
That no one is noticing. But world economist are.
.
In two days.
For absolutely no reason.