“The madman approach to achieving freer global trade by tanking the American economy, whatever odds it may stand of success, is simply not the same thing as creating a permanent new system of protected domestic industry. That vision had danced in Trump’s head since the ‘80s. He decided that now was his chance to finally make it happen. It lasted less than a day.”

#Politics #USPolitics #Tariffs #Economics

Trump Has Already Botched His Own Bad Tariff Plan - The Atlantic https://apple.news/A21h1z0slQsSMPoexg48s5A

The White House have just released this Press Release: Week 11 WINS: President Trump Unleashes Economic Prosperity

The S&P 500 $SPY just had its worst two day crash since Covid, down nearly 10% this week.

Here are some market stats for HOW BAD today was in the markets:

- it was the most active day in the history of the market, notionally
- Most amount of red stocks and 52 week lows today over last two years.
- Today was the most amount of premium traded in options over last two

Canadian NDP Leader and Onlyfans Star Shoot Campaign Video - The party has since severed ties with the adult performer after discovering commen... - https://news.bitcoin.com/canadian-ndp-leader-and-onlyfans-star-shoot-campaign-video/ #economics #politics #canada

Economists estimate Trump tariffs will add $5K to $15K to the cost of a new car...

It will also cost more to repair a car, because prices for replacement parts will quickly increase

The three worst presidents in US history (Herbert Hoover, George W. Bush, and Donald Trump) were all hailed for their business background and skills. Time to retire the trope that businessmen know anything about running nation states.
#economics #depression #recession #collapse #macroeconomics #USpolitics #leadership #vandals #nihilism
https://www.washingtonpost.com/politics/2025/04/04/trump-tariffs-reason-advisers/

The Supreme Court (SCOTUS) will allow the Trump administration to cancel $65 million in teaching grants and DEI grants, per Politico

Apple gets caught in a trade-war nightmare

I’ve spent the past couple of days watching the tariffs fracas unfolding, and with China’s fresh hiking of truly “reciprocal” tariffs to 34%, things are not looking good at all–but(...)

#apple #economics #geopolitics #tariffs #tech #trade

https://taoofmac.com/space/links/2025/04/04/2211

Here's a blog post from me about what to watch for in the markets if you're looking to buy stocks again sometime soon.

Not financial advice!

https://thetanerd.com/what-to-watch-for-as-the-market-makes-big-moves/

I know this week was hard for a lot of people.

Just wanted to take a second and say that the market will be there on Monday, good or bad. Try to see your families, your friends, and zoom out, both on markets and life.

You got this! I'm rooting for you.

Take a good thing and crap all over it.

“The economy he inherited was the envy of the world with growth of 2.8% last year, faster than almost every other major developed economy, an unemployment rate of just 4.1% and inflation of 2.8%. Stocks were at record highs.”

#trump #economics #Trumponomics #USA #USeconomy

https://www.wsj.com/economy/trump-economic-vision-tariff-manufacturing-262180a4

I'm seeing this going around from elsewhere, but let's make it a screencap instead.

Interesting thing to note: the evening of the big crash in '29, the headline was about banks pledging to support the market the next day, and if I remember correctly socks were in fact _up_ from their previous day lows.

Given yesterday's crash part 1, that would've been the equivalent of _today_.

And even that did not happen.

Now, by percentage - by _percentage_ - this still isn't as bad as '29. It's not.

Yet.

But in terms of absolute-dollar wealth destruction, it is still a record.

https://www.marketwatch.com/story/u-s-stocks-poised-for-biggest-two-day-wipeout-in-history-as-marketloses-9-6-trillion-since-inauguration-day-430919f6

We have got to stop dignifying these people and their behavior with the moniker “Conservative” because there is nothing culturally conservative about them.

They seek to normalize, defend, and perpetuate a narrowly specific, socially regressive set of Eurocentric beliefs that benefit a few wealthy, power-hungry, fascistic subscribers of patriarchy and its violent racial class hierarchy.

The Daily Wire And No Jumper Are Going Bankrupt
#Eb&Flow #Culture #Politics #Economics #Media
https://www.youtube.com/watch?v=FEcavsalbYY

The S&P 500 $SPY fell nearly 6% today.

GameStop, $GME, was up 11.33%

U.S. auto tariffs ignite defense of local jobs on Windsor West campaign trail
Liberal Richard Pollock focused much of his campaign launch on recent border taxes imposed by President Donald Trump.
#politics #economics #tariffs #jobs #Windsor #US
https://www.cbc.ca/news/canada/windsor/defense-windsor-jobs-campaign-hot-button-1.7502080?cmp=rss

Before Liberation Day: After Liberation Day:

Quick reminder:

https://solarbird.net/blog/2024/10/30/elon-musk-says-trump-will-crash-the-economy-he-thinks-thats-good/

Elon said repeatedly before the election that Trump would crash the economy but that that was good, and that the peons would just have to, and I quote, "embrace the pain."

The US Stock market has lost around 7 TRILLION since Wednesday.

Over 11 Trillion since Trump took office.

The Nasdaq $NDX officially enters bear territory.

$SPX has had its worst two day period since March 2020 Covid crash.

DOW officially in correction territory.

Stocks continue to fall during after hours.