btaf45

Why does Trump hate America and the Free World and want us to fail? Why is a women with purple hair and no relevant background the person Trump trusts the most to safeguard the national security? Why did Hitler's voters think Hitler would make Germany great again instead of turning all of Germany into a big pile of rubble?

Because the 'DEI program demise' triggered a consumer boycott from minority groups.

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.

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

it’s totally imaginary value

That 'totally imaginary value' bought me a new car in January when I was Trump-proofing my life.

As of 8:45 PM ET, Dow Jones futures were down 1.26%

(A) That was a temporary partial recovery. (B) That was Dow Jones, not the S&P. Nobody cares about the Dow Jones. It's not a real stock index.

you’ll get a big number like $2 trillion to make an alarming headline.

The 2 trillion drop from the article represented about 4% of S&P Market Cap. And as of now the S&P is again down 4% percent today. A 4% drop is an alarming headline. And it is only the first day.

Edit:

You were given the earliest notification of the 4% market drop in the entire lemmy/reddit ecosystem right here on [email protected] and you wasted it by pretending it didn't happen.

Now the drop is up to 5% of S&P market cap and 6% of NASDAQ. Did you really think that Trump imposing even larger tariffs than the Smoot Harley tariffs that triggered the 12 year Great Depression wasn't going to affect the stock market?

Apparently $2T is nothing because even my index fund for the S&P 500 went up today.

That price yesterday was determined at market close 4pm EST and before the tariff announcement.

The $2 trillion loss was in futures trading after the market closed yesterday. It represents 4% of the total market cap of the S&P index. As of right now, the S&P is still down 4% for the day.

There is a war … a war against the middle class and poor.

I would like to remind everyone that instead of fighting this class war forever, there is a way for us to figuratively capture Berlin and win the war outright. The way to win the war is to raise the top tax rates on billionaires to either the 91% rate from the 1950s or at least the 70% rate from the 1970s. If the billionaires know that no matter what they do they are always going to have a high tax rate, they aren't going to bother fucking us over on all the class war shit anymore. For one thing they won't have the money to waste on bribing congressmen and right wing Stink Tanks and super pacs and buying up news media.

Then you would owe the IRS interest on the money in the form of a special penalty surcharge on your taxes owed.

I don’t listen to his dumb announcements … I wait to see what will actually happen as it’s being reported by reputable news sources.

This. Whenever Traitorapist Trump is on TV I turn it off before he gets a full sentence out. Whatever lie Trump tells about any specific thing is totally unimportant. Tomorrow Trump will likely forget whatever lie he told today and tell a new completely contradictory lie after spending all day thinking up the new lie. He can keep that up for days telling a different contradictory lie every day. I will let reputable media tell us what he does but it totally unimportant what he says.

Trump lies practically every word that comes out of his mouth. -Ted Cruz

Anyone invested in Tesla on either side of the isle is an idiot at this point.

I certainly wouldn't trust their judgement. Musk is a mentally challenged idiot.

Not even that, they’re literally allowed to do insider trading

They are not supposed to.

https://www.ballardspahr.com/insights/alerts-and-articles/2024/10/politician-trading-if-you-cant-stop-them-join-them

[Enacted in April 2012 with bipartisan support, the STOCK Act made clear that members of Congress are prohibited from trading on material, nonpublic information and substantially broadened reporting requirements for U.S. representatives and senators, as well as senior executive branch officials. ]