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Stock markets plummet after Trump’s tariffs with Dow losing 1,500 points and NASDAQ targeting record-bad day (www.independent.co.uk)

submitted 3 weeks ago by [email protected] to c/[email protected]

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‘This is the reordering of fair trade,’ Commerce Secretary Howard Lutnick said before the stock market tanked at open

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[–] [email protected] 8 points 3 weeks ago

[–] [email protected] 8 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

The best depression, like never seen before. The Greatest Depression. Everyone’s saying it. You know it, everyone knows it.

[–] [email protected] 4 points 3 weeks ago

Very possible. Trump Tariffs are bigger than the Smoot Harley Tariffs that triggered the Great Depression from 1929-1941. What finally got us out of that mess was the greatly increased government spending from WWII. All the historical ingredients are in place for a bigger depression than the Great Depression.

[–] [email protected] 4 points 3 weeks ago

As of right now, the S&P is down 4%, or about $2 trillion in market cap.