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1. Embed this notice
   William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:26 JST William Lindsey :toad:

   "Stocks tumble as fallout from Trump tariffs roils markets

   A selloff on Thursday erased some of the gains a day earlier.

   The selloff erased some of the market gains delivered a day earlier after President Donald Trump gave U.S. automakers a one-month reprieve from the tariffs. Duties on a host of other goods remained in place, however."

   ~ Max Zahn

   #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
   /1

   https://abcnews.go.com/Business/stocks-tumble-tariff-fallout-roils-markets/story?id=119508907

   • Embed this notice
     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:18 JST William Lindsey :toad:

     in reply to

     "I thought that consumer confidence would stay high for a few months just because Republicans... what Republicans, what we've seen from the data, are they cheer if a Republican is president and they boo if a Democrat is president, almost independent of the economic situation."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation
     /12

     Paul Cantrell and Steve's Place repeated this.
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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:18 JST William Lindsey :toad:

     in reply to

     Noah Berlatsky comments on Trump's pump and dump crypto scheme:

     "If you’ve ever wondered what it’s like to live in an authoritarian kleptocracy, this is it."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #crypto #corruption #grift
     /13

     https://www.publicnotice.co/p/trump-crypto-reserve-grifting-corruption

     Steve's Place repeated this.
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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:19 JST William Lindsey :toad:

     in reply to

     "So while some of this stuff has been postponed for another month, so you have the inflationary impact of tariffs and there is an inflationary impact even of anticipated tariffs as companies stockpile and start to raise prices to get ahead of things. At the same time, you have the uncertainty weighing on business, weighing on consumers. I'm actually shocked."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation
     /11

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:20 JST William Lindsey :toad:

     in reply to

     "And by the way, tariffs on steel and aluminum have gone in. One thing I learned, I had a conversation, which will appear on my own Substack in a couple of days, with Mary Lovely at the Peterson Institute, and they're applying the steel and aluminum tariffs to basically anything. made of steel and aluminum or the containers. So lawn furniture is suddenly jumping in price and those tariffs have happened."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation
     /10

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:21 JST William Lindsey :toad:

     in reply to

     "The sudden deterioration in the outlook is striking, especially because it is almost entirely a result of Mr. Trump’s policies and the resulting uncertainty."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
     /8

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:21 JST William Lindsey :toad:

     in reply to

     Mehdi Hasan asks Paul Krugman about the talk of impending recession we're hearing now. Krugman replies,

     "We probably are not in a recession yet. ... But look, if you look at the various – the combination of things that we're doing, they're all – it's basically – it's a stagflationary set of policies. On the one hand, you have the tariffs, which are – even the threat of tariffs is inflationary."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation
     /9

     https://paulkrugman.substack.com/p/live-with-mehdi-hasan

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:22 JST William Lindsey :toad:

     in reply to

     "President Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling.

     Just weeks into Mr. Trump’s term, the outlook is gloomier."

     ~ Ben Casselman and Colby Smith

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
     /7

     https://www.nytimes.com/2025/03/07/business/economy/trump-economy-tariffs.html?unlocked_article_code=1.2E4.-4bB.HdEYaSWeg9OE&smid=url-share

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:23 JST William Lindsey :toad:

     in reply to

     "Trump’s tariffs are a petulant and ill-advised bargaining tactic that will impact every American and could push us into recession.

     Gasoline, strawberries, smartphones, nails — all will cost more. And If you are thinking of buying a new car, the post-tariff price of many models just skyrocketed. The average new car costs just under $50,000. Trump’s tariffs will add $12,500 to the sticker."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
     /5

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:23 JST William Lindsey :toad:

     in reply to

     "It’s no wonder the big three automakers begged the White House for a break. King Trump just granted their wish with a 30-day reprieve."

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
     /6

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:24 JST William Lindsey :toad:

     in reply to

     "If Trump had done nothing about the economy, we’d be in better shape than we are now. Before he came to power, unemployment was low, inflation was finally coming down, and the stock market was hitting record highs. But he hasn’t done nothing. Trump has started a trade war. The stock market is reeling. Canada and Mexico, our two biggest trading partners, are seething."

     ~ Dan Rather

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
     /4

     https://steady.substack.com/p/chaos-compounded

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:25 JST William Lindsey :toad:

     in reply to

     "This week’s data on consumer confidence showed it down to a level last seen in 2021. ...

     Trump has put the economy in peril, which will cause widespread pain. Yet nothing galvanizes public outrage more than a poor economy."

     ~ Robert Reich

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
     /3

     https://robertreich.substack.com/p/this-weeks-ten-reasons-for-modest

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 05:45:26 JST William Lindsey :toad:

     in reply to

     "The stock market has dropped dramatically over the past three days owing to both the tariffs and the uncertainty over their implementation. But Trump denied his abrupt change had anything to do with the stock market.

     'I’m not even looking at the market,' Trump said, 'because long term, the United States will be very strong with what’s happening.'”

     ~ Heather Cox Richardson

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
     /2

     https://heathercoxrichardson.substack.com/p/march-6-2025

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 06:35:05 JST William Lindsey :toad:

     in reply to

     "That is at the heart of Trump’s war on his own followers: They cheer for him, but they depend on the government programs liberals built and liberals sustain. If sacrificing their wellbeing (or in some cases their very lives) is what it takes to destroy the government’s ability to serve the citizenry, that’s exactly what Trump, Musk, and Republicans will do."

     ~ Paul Waldman

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation
     /14

     https://paulwaldman.substack.com/p/trump-goes-to-war-against-his-own

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 10:17:59 JST William Lindsey :toad:

     in reply to

     "Before our eyes, Trump and Republicans are dismantling our democracy in service of white supremacy, Putin, and billionaires like Musk. They are breaking it down and selling all the parts to the highest bidder. It’s all quid pro quo, baby. MAGA goes along with it because they’re part of a radicalized cult fed a 24-7 drip of misinformation."

     ~ Wajahat Ali

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation
     /17

     https://thelefthook.substack.com/p/a-rapid-unscheduled-disassembly-of

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     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 10:18:00 JST William Lindsey :toad:

     in reply to

     Tim Campbell comments on the economic effects of Trump's tariffs

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation
     /16

     https://www.bocaratontribune.com/bocaratonnews/2025/03/tariffs/

     Steve's Place repeated this.
   • Embed this notice
     William Lindsey :toad: (wdlindsy@toad.social)'s status on Saturday, 08-Mar-2025 10:18:01 JST William Lindsey :toad:

     in reply to

     "The current State of the Union boils down to two words.

     Donald Trump, the President of the United States who is also Predator in Chief."

     ~ Wendell Griffen

     #Musk #Trump #economy #tariffs #recession #workers #firings #inflation #corruption #grift
     /15

     https://wendellgriffen.substack.com/p/the-state-of-the-union-in-two-or