Stock markets tank (Again!)

“ US stocks were lower Thursday afternoon as investors grappled with President Donald Trump’s decision to impose sweeping tariffs that could escalate a global trade war.

The Dow was lower 1,400 points, or 3.34%. The broader S&P 500 sank 4.1%. The Nasdaq Composite plunged 5.2%.”

But never fear! tRUMP renews his pledge to slash taxes on the billionaires—the rest of us?

AH!

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whowasthatmaskedman · 70-79, M

The stock market tanking is bad news for share traders. But if you are holding shares as an investment, then the return in dividends is all you care about. More important is the cost of living, inflation rate V wage growth and employment numbers. Those will tell you how many kids will be hungry and how many soup kitchens you are going to need. And thats where America looks to be heading..
Meanwhile, early news globally shows most nations looking to position themselves to work around America and excise it from the system..China wins by default, without a shot fired..😷

KunsanVeteran · M

“Trump’s tariff announcement was full-on crazy. Not only is he imposing higher tariffs than almost anyone expected, but he’s justifying them with completely false claims about other countries’ tariffs. I don’t know where his numbers are coming from, but they have nothing to do with reality. ... It’s a really bad day for the U.S. economy.”
— Nobel laureate Paul Krugman

KunsanVeteran · M

Entering Global Recession

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