Trump Slump

Sharemarket tumble leaves Billionaires over $300 Billion out of pocket. Notably Trumps big donors.
And it couldnt have happened to "nicer" people.😷
https://www.smh.com.au/business/markets/trump-slump-leaves-president-s-billionaire-friends-335-billion-poorer-20250311-p5lijo.html

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Tastyfrzz · 61-69, M

In a couple weeks they expect high end condo values to crash 60%.

whowasthatmaskedman · 70-79, M

@Tastyfrzz The nation is so big that is likely to vary a lot from region to region. The last time I was in Las Vegas they were starting those "Vulture " real estate tours. And things were relatively healthy not far away in LA..😷

Tastyfrzz · 61-69, M

@whowasthatmaskedman sounds like florida is going to be hit bad.

whowasthatmaskedman · 70-79, M

@Tastyfrzz Logic dictates Florida should be hit bad. Unless someone pulls a rabbit out of a hat by playing fast and loose with the rules..Like bailing out all the rich people.😷

Tastyfrzz · 61-69, M

@whowasthatmaskedman That would require a bill in congress like during covid. I don't think it would pass.

whowasthatmaskedman · 70-79, M

@Tastyfrzz Quite possibly. But we are talking about rich people bribing politicians to save rich peoples @$$es. Its not like it never happened before. I am only talking about the money. Not the politics..😷