Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

  • alaphic@lemmy.world
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    1 month ago

    I mean there are only a few real hard and fast rules you have to follow in life (imo):

    1. Don’t talk about Fight Club
    2. No pre-orders, No exceptions
    3. Don’t fall in love with the stripper
    4. Don’t believe the politician’s promises

    Strippers and politicians are like two sides of a coin in that one pretends to love you but is just going to fuck you and the other is a stripper.

    It’s really just not that hard guys.

  • Lucky_777@lemmy.world
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    1 month ago

    When he announced the tariffs you could see the stock prices drop before your own eyes. On Fox News even. Blaming Biden is just holding off his nutcase cult members. Hopefully real Republicans have some common sense and courage to stand up.

    • SoftestSapphic@lemmy.world
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      1 month ago

      His cult memebers are the “real” Republicans, at least what’s left of them.

      Anyone who doesn’t support fascism has stopped supporting the fascist party

      • Lucky_777@lemmy.world
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        1 month ago

        Some Republicans don’t like the direction but have active threats against their families. Which is honestly sad, forcing the remaining “good” Republicans into the private sector.

        We need fair campaigns. It shouldn’t cost you 100s of thousands to run a campaign to get elected. Even local campaigns cost a massive amount. You easily spend 80k for a judge position for one county.

        What common man has 80k sitting around for an election?

        • HasturInYellow@lemmy.world
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          1 month ago

          Honestly, they should resign. If they fear for their lives, take some time to spend with their family and reevaluate their lives. Otherwise, I don’t have much sympathy.

  • DaddleDew@lemmy.world
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    1 month ago

    He’s blaming Biden for the decline while claiming that his tariffs are going to save the economy. Those tariffs are exactly what is causing the decline in the first place, especially with the moronic way he is trying to implement them that is driving investors and business away from the US. He will drive the US economy into the ground until his entourage turns on him.

    • But_my_mom_says_im_cool@lemmy.world
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      1 month ago

      Don’t worry, next election the Dems will win, and spend 4 years fixing the mess. And while doing so, Americans will accuse them of doing nothing and vote them out in favour of Republican, who will fuck everything up, until the Dems as elected to fix it again. Rinse and repeat and you got American politics

    • Treczoks@lemmy.world
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      1 month ago

      Of course all he says defies logic and reality, but as long as his idiots believe it, logic and realism won’t help.

      • DaddleDew@lemmy.world
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        1 month ago

        I was suspecting he was collapsing the market on purpose too. But his mental breakdown about it last night on social media suggests he simply is arrogantly incompetent and delusional.

        • JacksonLamb@lemmy.world
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          1 month ago

          Trump himself melts down regularly, unsurprising in an elderly grandiose narcissist with an amphetamine habit.

          He is not the brains behind this administration’s actions, and it isn’t clear how much he even understands. He is a glove puppet for the oligarchs.

        • Sludgeyy@lemmy.world
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          1 month ago

          One day people will realize that you can make money when the stock market goes down

          Causing it to go down is much easier than making it go up

          Smart people looking to make money on a declining market told him some “smart” stuff to do. He believes it is smart. It is smart for the people that profit. Just hurts so many.

          He believes he is special, like some kind of perfect business man where the “deals” always get done and work out in the end for him.

          He has been used his whole life like a rich monkey to make others money thinking he was the brains behind the whole operation

  • CharlesDarwin@lemmy.world
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    1 month ago

    “No one wants to work”

    Can be applied to the parasitic idle rich like little d and fElon far more than anyone else.