All three major U.S. stock indexes dropped sharply in Monday morning trading, with investors worried about the uncertainty of tariffs imposed by President Donald Trump on key trading partners and then his refusal to rule out the possibility of a U.S. recession in the coming months.
Normally I’d be willing to give any head of state some amount of benefit of the doubt that the recession might have occurred regardless of their actions. But in this case, the cause is obvious.
A huge recession… Tremendous… Greater than any recession of Biden or Obama…
So he is purposely and knowingly causing a recession. How much money is he going to make on stock options and how much is enough?
He seems to have manufactured quite the crisis. Is this what he meant by bringing manufacturing back to America?
Bravo
Are we winning yet?!
I’m so tired of all this winning
Autotune the news?
CONGRATULATIONS!!!
I was never about winning, it is about about the ‘others’ losing
Which we do you refer to?
Imagine having a president who openly and willingly crashes the economy and still having almost half the voting population support his geriatric ass. Life must be tough for the sane Americans.
The patients are running the asylum over there.
“… because we’re bringing wealth back to America.”
America already has wealth. Too much wealth and too much poverty. What America needs is more even distribution of funds/assets. Starting by
taxingactually COLLECTING the correct percentage of taxes from people and companies hiding/hoarding their excess, and using it to help people with too little. And going on to restructure the tax brackets so excess wealth is recognized as the drag on the economy that it is. We already know billionaires and corporate monopolies don’t create jobs or send money flowing, they stagnate the market and stifle productivity. They’re never going to voluntarily change. So the IRS needs to be expanded, with a mandatory focus on the “whale” targets. Obviously not going to happen under the present oligarchy, but the present chaos makes it a good time for passionate progressive people to start campaigns for seats presently held by MAGAs and GOP suckups, DINOs and Dem weaklings.Lutnick just forgot to add the word “disparity” after his “wealth”.
Commerce Secretary Howard Lutnick told NBC News over the weekend, "There’s going to be no recession in America,”
Well, a recession is two consecutive quarters of declining GDP.
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
WEST PALM BEACH, Fla. (AP) — Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn.
a recession is two consecutive quarters of declining GDP
If he crashes it hard enough in the first quarter, it can’t decline more in the second! He’s a genius!
Trump is basically manifesting a recession at this point. So easy and plain for all to see.
Oh no, rich people might become… Pffft, of course not. Let those billionaires care about stocks.
First thing they do is fire workers. Ease back on the Pffft, there bud.
Do you know how many average Americans depend on the stock market for retirement? A lot of people will be fucked, not just corps and billionaires. As always, they (the billionaires) will be the most insulated from this.
Unless you’re retiring soon this won’t really be an issue as the eventual rebound will cancel out the losses and any contributions you make in a down market are worth more than in a booming market. For those retiring soon, your money shouldn’t be in stocks as they’re too volatile.
And for anyone who things this is a permanent collapse, if that’s the case then your retirement is worthless regardless of where you have it stored.
That’s all true, but there are many people who are planning to retire soon. There are also people who a college saving fund for their kids that is tied to the market, so now their kid’s college fund is much smaller. Depending on how much the market drops, it could really screw over a crop of kids trying to go to school in the near future with other kids their own age.
I’ve invested all of my retirement savings in bottle caps. I think I’ll be fine.
If people didn’t learn from COVID that they can change to a securities based index and then switch back to the normal index when the market starts to rebound…
They’ll never learn.
You absolutely should not do that. The most robust, proven, long term strategies show that trying to time the market doesn’t work. Sticking with the sp500 index, with a mix of risk hedges adjusted over decades, is robust and proven. The best stock market advice is really boring.
Rich people can actually make money on a crashing market, especially a crash that was EXTREMELY predictable by anyone who isn’t sucking on Trump’s dick. So this will just further increase the rich/poor gap.
That was what I wrote. Insert obvious “poor” instead of “…” and reread.
