$9 tn Lost Since Trump Took Office
You read that title correctly. $9 Trillion with 'T' has been wiped away since Trump took Office. Now fears of an economic recession grow as investors and businesses grapple with the fallout of Trump’s sweeping tariffs that have wiped out nearly $5 trillion from the American stock market within two days of the announcement.
Since Trump returned to the White House, Americans have had to grow used to high drama and rapid-fire headlines, as executive orders from the Oval Office have reshaped the US, from stripping back LGBTQ rights to gutting environmental regulations amid a sense that America is slipping into authoritarianism. Now, all eyes are on Monday’s markets amid fears that the drops will continue. As it stand Friday, the Nasdaq has confirmed it is in a bear market, ending more than 20% below its record high close, while the prices of oil and other commodities have been in decline. JP Morgan analysts also boosted their odds on a global recession to 60% and has warned Americans to brace for a return of inflation...
Trump made this most recent move because he dreams of a return of American manufacturing might, convinced that tariffs will force factories home to the US, even though almost all economists think that is highly unlikely. Working in manufacturing I understand that this premise is flawed. American cannot manufacture low cost good as most Americans would not take these low paying factory jobs. For example in Asia you can hire 200:1 workers at the average US manufacturing job pay rate. If you wanted you basic low cost goods double or triple in price sure we could do that, but why? For such a momentous decision it sure seems like it was not thought out and from reports this weekend this may be true as Trump reportedly made up his mind at the last minute. According to the Washington Post, Trump didn’t arrive on an exact plan until just three hours before the Rose Garden announcement.
The only thing “liberation day” did was start the liberation of the money from the middle class!
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You know they are going to blame it on the previous admin.
Like every administration ever. Yup. It’s just silly people pretending it’s anything new cause “TRUMP 🤪”
I never said anything about the orange man. I'm a bit concerned about how my comments to other people always seem to trigger you my friend.
Trigger? I just commented? Man I can’t comment without being trigger? Brother I was just commenting. Didn’t think I said anything with shade.
Wasn’t throwing shade at us my guy. Was just commenting on the general topic.
That's fair, I was just giving you a bit of a hard time since you did the same to me a while back. We will probably never agree, but it's all in good fun.
Nothing wrong with not agreeing brother. But I can understand how can be read different. I wasn’t mocking u at all. Just the narrative everywhere I was mocking. The clown media who’s lazy and pretends we lived in Heaven until Trump 🤪. It’s not even an endorsement of him. Just a distain of how lazy the media narratives are 👍. We can be critical of the nonsense establishment media at same time can’t we? That’s what I was mocking, the lazy narrative. Bot mocking ur comment at all. Just was commenting👍
Things have been bad for a long time. Everyone blames everyone else for their problems. I'd love to see some ownership eventually.
I know it's ridiculous. I wish I could figure out how to not be accountable for anything
Thats a lot of money. But until you actually sell prices can still rise !
I get the feeling that it's the "Paper" Silver and Gold that are falling in Value... Everyone probably wants "out" of Paper and into Physical... This tells me to hold tight to anything Physical...
Premium is not coming down so you may be correct
Everything is Trumps fault 🤪🤪🤪🤪🤪🤪🤪🤪
😂
This is for sure
He’s a fool….. doesn’t care about the people one bit.
Silver is getting destroyed and they are not moving premium
https://www.reddit.com/r/Economics/comments/1jsz144/9_trillion_lost_since_trump_took_office/
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It appears that it was an amateurish decision, made in a hurry, and not well thought out and advised by renowned economists.
Disappointed that there are no adults I charge
The market has crashed after the tariff news.
Crashed still crashing
🥲
factories will never move back, it would cost too much and even so, it doesnt take a month to build factories, they are not made of lego lol
Correct no one wants to start building then change course it's too much uncertainty
For some people, they are still optimistic about the tenure of trump. Well let's still hope for some positive changes
There are but they are stupid
and our crypto has only 2.5 t market cap as a whole. almost 4 crypto markets got wipped out.
Crypto is getting smacked around worse maybe than stocks right now
$9 trillion and we're not even in half the year yet. The truth about the Tariffs is that it might not bring factories back to America if people don’t want those jobs anyway, I don't understand why something this simple cannot be understood by them
Yeah it's not looking good right now.