This stock market crash has nothing to do with capitalism in fact it is the opposite. Trump is a communist who despises the free market. Stock are an anachronism under Trump's policies. He is using the Govt. to control corporations and it his tariffs are a huge VAT on consumers that will crush our GDP that is 75% consumer spending. You are free to invest as you wish but you are betting that Trump will fail and we will recover someday.really
so Coca Cola is going bk heh?
Or Proctor & Gamble?
Or Sysco?
Or Nvidia?
Or Pepsi
Or Heinz?
I guess we just need to go lay down in the basement in a fetal position, and hope the world ends huh?
Maybe you see the world that way....but those companies, and many many more will still be doing business today, tomorrow, and next week. And earning money doing so....And that is how the world of capitalism works....you can make a little money by owning a small part of each, or you can do what some others are doing, sell everything....and lose whatever gains you had, and hope like hell you have enough sense to get back in at some point
Your choice....i know which way i am going.....and i have no qualms doing so
???Why is Trump negotiating in public. That allows rampant insider trading.
OK. So we're all gonna go broke and die. That sucks.Some people can't afford to lose 50% of their money in a week and wait years for a recovery. To billionaires it is just another day. BTW some of these companies are not going to survive this deep recession we are heading for and their stock will be worthless. Again it will not worry the billionaires. Trump has again made false promises and threats to get elected....
It was just five years ago when Donald Trump, worried about a re-election race he would ultimately lose, warned that his defeat would lead to economic ruin. In fact, with just a couple of weeks remaining before Election Day, the two major-party nominees faced off in their final debate, which included a rather specific prediction.
“They say the stock market will rule if I’m elected,” Trump said, failing to identify who “they” might be. He added, in reference to Joe Biden: “If he’s elected, the stock market will crash.”
As it turns out, the Republican had the right concerns, but the wrong presidents. The major Wall Street indexes fared quite well throughout Biden’s term in the White House. Unfortunately for everyone, the Democrat’s Republican successor can’t say the same. NBC News reported:
We are not, of course, talking about a one-day sell-off. On the contrary, a day earlier — the day the White House unveiled its highly controversial policy on trade tariffs — the S&P had its worst day since the early days of the Covid-19 pandemic. The Nasdaq Composite is now down 22% from its high in December, and the S&P 500 is about 17% off its high in February.
Amid the downturn, the president — who left the White House for a Saudi-backed golf event in Florida — wrote to his social media platform, “MY POLICIES WILL NEVER CHANGE.”
https://www.msnbc.com/rachel-maddow...nted-discredited-campaign-promises-rcna199774
Yes a lot of Americans will lose their jobs and you don't care and neither does Trump. That is where we are now so enjoy it while it lasts. There are dark clouds on the horizon but just ignore them.OK. So we're all gonna go broke and die. That sucks.
Announcing everything in the media.???
What is he negotiating in public?
Ummm...Announcing everything in the media.
It is when every phone call is announced to the public and it moves markets. Do you need examples?Ummm...
Announcing stuff isn't "negotiation".
What do you have against transparency?
Don't bother. You still don't understand what a negotiation is, so you would be wasting my time.It is when every phone call is announced to the public and it moves markets. Do you need examples?
I know what malfeasance in office is.Don't bother. You still don't understand what a negotiation is, so you would be wasting my time.
This week you will read many confused economists and political pundits who won’t understand how the tariffs make economic sense. That’s because they don’t. They aren’t designed as economic policy. The tariffs are simply a new, super dangerous political tool.are they a transient market manipulation
There is pleading from the countries he is harming but Trump has said he won't budge on the tariffs. They are set in stone according to himUmmm...
Announcing stuff isn't "negotiation".
What do you have against transparency?
There you go. Deflect.
Bye.
No. They sold off their stock before the fall, then when the fall reaches where they think is the bottom, they buy them back up.What's the idea here? That in the short term they take massive losses but in the long term they gobble up what the other 99% own, which is pretty much nothing anyway?
I guess you never read Stephen Covey's "7 Habits of Highly Effective People" have you?Don't bother. You still don't understand what a negotiation is, so you would be wasting my time.
Nice to see a level headed post here. You obviously understand what Trump is trying to do, which is to bring back manufacturing to the US, and to bring the trade deficit more into balance. As you say, it would have been better to address trade agreements one country at a time. But Trump is impatient, and he likes to do things quickly, all at once, and in his bullying fashion.4. An ill advised plan to TRY and bring back manufacturing to America
The issue is twofold....one, it is a very long term plan if it would happen, and two, automation will beat him to the punch. It is already occurring in so many of the plants around the world as we speak....what will it be like 10-15 years from now.
I think i understand WHAT he and his cronies are trying to do, which is somehow bring the trade deficit into a more reasonable number. The problem is the way he is trying to accomplish said goal. We cant continue to add another trillion in trade deficits annually....America is being sold off in piecemeal as it is. But the tariffs, and the way his administration threw them out there is probably one of the worst ideas i have seen.
This needed to done through trade agreements....and one country or region at a time
The tariff induced market crash gives billionaires & insiders a way to steal stocks from panicked sellers.
Will the tariffs hold or are they a transient market manipulation that will go away as soon as the fat cats & insiders have pigged out on the carcasses of the small investors.
No. They sold off their stock before the fall, then when the fall reaches where they think is the bottom, they buy them back up.
I've been hearing about wealthy investors selling off their stock for about the past six months now. Not sure what the reason was though. Maybe they were just expecting a correction.Is there an indication this happened?
Is the Pope Catholic?Is there an indication this happened?
LOL....seriously? You are witnessing the 2-day largest drop in a long time, world markets in decline, US GDP projected to go negative in the next quarter....but your argument is that doing nothing, ie remaining with the last admins soft landing......would be worse?but doing nothing might be just as bad.
Because they want it all, and don't realize having it all will mean they have nothing, in the end?I'm curious: are you under the impression that tariffs which, at least in the short term, destroy the stock market and finance class, are an intentional move by the capitalist elite? What's the idea here? That in the short term they take massive losses but in the long term they gobble up what the other 99% own, which is pretty much nothing anyway?
Bizarre angle. It seems like they do great in a financialized economy. Why shouldn't Blackrock be more than happy to continue working with investment and venture capital to seize assets?
We won't stop protesting. There's a carload of us headed downtown to do just that, today.The King’s message was simple: stop protesting and I’ll stop taxing.
OK. So we're all gonna go broke and die. That sucks.
This week you will read many confused economists and political pundits who won’t understand how the tariffs make economic sense. That’s because they don’t. They aren’t designed as economic policy. The tariffs are simply a new, super dangerous political tool.
You see, our founders created a President with limited and checked powers. They specifically put the power of spending and taxation in the hands of the legislature. Why? Because they watched how kings and despots used spending and taxes to control their subjects.
British kings used taxation to reward loyalty and punish dissent. Our own revolution was spurred by the King’s use of heavy taxation of the colonies to punish our push for self governance. The King’s message was simple: stop protesting and I’ll stop taxing.
Trump knows that he can weaken (and maybe destroy) democracy by using spending and taxation in the same way. He is using access to government funds to bully universities, law firms and state and local governments into loyalty pledges.
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