Wall Street jitters, US stocks' plunge amid gloomy economic outlook
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US leader’s tariffs pose uncertainty for investors

All three major U.S. stock indexes dropped sharply in Monday morning trading, with investors worried about the uncertainty of tariffs imposed by President Donald Trump on key trading partners and then his refusal to rule out the possibility of a U.S. recession in the coming months.

  • Zedd2000@discuss.tchncs.deEnglish
    76·
    1 个月前

    So he is purposely and knowingly causing a recession. How much money is he going to make on stock options and how much is enough?

    • earphone843@sh.itjust.worksEnglish
      1·
      1 个月前

      There’s never enough for people like that. It’s not so much having everything as it is not wanting others to have anything.

  • Hubi@feddit.org
    41·
    1 个月前

    Imagine having a president who openly and willingly crashes the economy and still having almost half the voting population support his geriatric ass. Life must be tough for the sane Americans.

  • Mouselemming@sh.itjust.works
    33·
    1 个月前

    “… because we’re bringing wealth back to America.”

    America already has wealth. Too much wealth and too much poverty. What America needs is more even distribution of funds/assets. Starting by taxing actually COLLECTING the correct percentage of taxes from people and companies hiding/hoarding their excess, and using it to help people with too little. And going on to restructure the tax brackets so excess wealth is recognized as the drag on the economy that it is. We already know billionaires and corporate monopolies don’t create jobs or send money flowing, they stagnate the market and stifle productivity. They’re never going to voluntarily change. So the IRS needs to be expanded, with a mandatory focus on the “whale” targets. Obviously not going to happen under the present oligarchy, but the present chaos makes it a good time for passionate progressive people to start campaigns for seats presently held by MAGAs and GOP suckups, DINOs and Dem weaklings.

    • Dzso@lemmy.world
      3·
      1 个月前

      Meanwhile DOGE just eliminated like 6000 the staff at the IRS who were supposed to be auditing rich people.

  • jsomae@lemmy.ml
    24·
    1 个月前

    Normally I’d be willing to give any head of state some amount of benefit of the doubt that the recession might have occurred regardless of their actions. But in this case, the cause is obvious.

  • NovaOG@lemm.eeEnglish
    21·
    1 个月前

    Trump is basically manifesting a recession at this point. So easy and plain for all to see.

    • kobra@lemm.ee
      19·
      1 个月前

      Do you know how many average Americans depend on the stock market for retirement? A lot of people will be fucked, not just corps and billionaires. As always, they (the billionaires) will be the most insulated from this.

      • CmdrShepard42@lemm.ee
        8·
        1 个月前

        Unless you’re retiring soon this won’t really be an issue as the eventual rebound will cancel out the losses and any contributions you make in a down market are worth more than in a booming market. For those retiring soon, your money shouldn’t be in stocks as they’re too volatile.

        And for anyone who things this is a permanent collapse, if that’s the case then your retirement is worthless regardless of where you have it stored.

        • dogslayeggs@lemmy.world
          2·
          1 个月前

          That’s all true, but there are many people who are planning to retire soon. There are also people who a college saving fund for their kids that is tied to the market, so now their kid’s college fund is much smaller. Depending on how much the market drops, it could really screw over a crop of kids trying to go to school in the near future with other kids their own age.

    • dogslayeggs@lemmy.world
      4·
      1 个月前

      Rich people can actually make money on a crashing market, especially a crash that was EXTREMELY predictable by anyone who isn’t sucking on Trump’s dick. So this will just further increase the rich/poor gap.

  • werefreeatlast@lemmy.world
    2·
    1 个月前

    Almost there! Just a couple more days of trump says things and we’ll be back to last year. Its still another almost 4 years of this dumb asshole. Is anyone gonna do anything?