@1490wayb All the rich will buy all the stock making the wealth gap even bigger. Trump can just call off the tariffs and all his rich friends just got richer.
I’m sure he will try to blame it on Biden - but I think people are wising up to that tired old excuse and they will know who is really to blame. Cheers!
This is what "the base" wants. Let them enjoy it. Howard Lutnick claims they, like his 94-year-old mother-in-law won't complain, not about missed social security checks, not this.
@Patriot96 no but we consumers have been doing 78% of the heavy lifting in this economy for last thirty years or more it won’t take much more before spending starts sliding in wrong direction. They wanted a recession for over a year now. So close
That's not what this chart shows. This is only the first two months after inauguration .. hell of a lot more happened since 2007 than just 3 months every 4 yrs.
@BrandNewMan "Down 6%" does not tell the full story. The big picture is trump has crashed the market so far 5 times with huge single day drops. And two dozen more times to lesser extents when he flip flops one minute wirth "tariffs are ON......no now they are off".
It is those one day HUGE drops that remove gains. The 6% is an average................but the single day drops is what erases returns. On average what one has gained on their 401k's has been erased as far back as September 2024 . And that is just "so far"..
At least it kills gains...FOR US.
For him and insiders in his administration it would be impossible to conclude that his "one minute they're on.....the next minute no its not happening" bullshit was designed for anything other than insider trading for the felon and his cronies. Every "they're on" dropped the market..........a buying opportunity..........and every "no they're off" meant a market rise.........a selling opportunity. But only he and cronies knew when each was going to be announced.
@Briggett in all honesty I'm still dumping money into the stock market right now my account's down almost 50%, but having studied economics in college both macro and micro I have a strong feeling the economy's going to come back twice as good but it'll probably take 2 years maybe three but I'm pretty sure by the time Trump leaves office the economy is going to be thriving now the rest of the world economy might be in a free fall because they won't be propped up by the US tax dollar.
For the first time in literally GENERATIONS, real wages are growing for the lower quintile of US workers. And they're growing FASTER under Biden than they did under Obama or Trump. For the first time in GENERATIONS, the lower half of workers are sharing in our economic growth!
There are more than 5,000,000 (FIVE MILLION) more people employed now than during the peak under Trump. Just read the graph.
Wages for everyone have grown over the last 50 yrs. The bottom is still the bottom .. but fewer of them over all as many have moved into the higher brackets.
Employable skills gap has hindered the last 10 yrs and is a growing impact. It is harder to do better relative to the top without skills/education.
National debt growth w Dems in charge 12 of the last 16 years
Interest costs on the debt under
Biden are likely to see debt servicing become one of if not the biggest budget line item and hinder economic growth, employment and significantly reduce what we can do in this country.
What we've been doing is not going to be able to continue. The bill for it is coming due over the next decade.
