Summary
U.S. stocks suffered a historic collapse as Trump’s sweeping tariffs triggered panic over inflation and recession. The Dow fell 2,231 points, the S&P 500 dropped 6%, and the Nasdaq entered a bear market.
Fed Chair Jerome Powell warned the 10% import tariffs and retaliatory moves from China, including a 34% tariff on U.S. goods, will hurt growth and raise prices.
Economists cut U.S. growth forecasts below 1%, projecting households could face $1,900 in added costs.
The sell-off erased $2.7 trillion in value and marked the worst two-day market drop since March 2020.
The Fed won’t ever allow it to get as bad as the Great Depression again. Economic knowledge and monetary policy has greatly evolved since then.
The Great Recession is a more recent and likely scenario.
Umm… hasn’t trump basically removed everything at the federal level that isn’t blindly hanging on his word?
If trump just keeps ordering “hold tight, the turnaround is just around the corner”, what can they do to stop the collapse.
The fed is not federal despite the name. And the current chair sits until 2026.
https://lemmy.world/post/27038154/15820258
Have a mirror and some reflection, to the times you defended foreign imprisonment without due process based on tattoos.
What the actual fuck. That was not defending anything of the sort. You tried to compare full body and face tattoos to the numbers tattooed on Jewish prisoners at Auschwitz. And took criticism of that dumb statement as a defense of the actions taken by the trump admin. Which it was not.
Then you tried to defend that by lying and saying that there were people tatooed that way there, too.
And now you have the nerve to try and frame it as defending foreign imprisonment because you are a moron who got called out on thier bullshit. So, congrats.
It looks like you wrote multiple sentences which I’m sure someone will read. Someone with the time certainly.
It’s ok, you don’t seem to have the capability that others did.
Light evening reading.
I have… I have very bad news for you.
You might think you do, but the stock market is wholly price controlled. Even the Great Recession will never happen again. The market is controlled by huge banks and hedge funds using HFT algorithms and dark pools. Price means nothing and big drops are in any case performative.
The following weeks will demonstrate this, as the bounce(s) will take back the great majority of the perceived losses. Behind the scenes, of course, these same institutions love being given the opportunity to display this performative disapproval, as they make untold fortunes using the stock market as their own personal pump and dump.
Unfortunately, I am of the same opinion. I think the only chance we have is a giant solar storm that fries all of the circuitry on earth.
Why wait for that? You could collapse it all by getting 100 people, some with bot farms, to spam right now how much everyone is losing and they can’t retire anymore and manipulate them to feel like they need to rush DC and whatever other targets you want. This is what Trump did on J6 but instead of facts he already had their peebrain fee fees by the balls.
Trump is a symptom. The problem is billionaires. In your scenario, the billionaires are still billionaires.
No because in my scenario the first thing you do after stringing up orangillini is to hold every suit accountable for all of this. Private Equity has massive, stained hands in this. Then desolve Citizens United and write into law that only breathing organic humans can donate, and at a capped amount total, not per individual.