William Lindsey :toad:
CNN's graphic depiction as of 9:05 A.M. EST of what's happening to the stock market after the man running the show crashed it, with his party cheering the crash on and 77 million Americans voting to accomplish this.
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #MobBoss #stupidity #incompetence #destruction
/1
William Lindsey :toad:
"Stock market closes week in bloodbath as Trump’s tariffs cause historic two-day drop and wipe out $6 trillion.
The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan."
#Trump #tariffs #StockMarket #Dow #S&P #economy #recession #inflation #stupidity #incompetence #destruction
/21
~ Katie Hawkinson
William Lindsey :toad:
"This marks the worst week for the stock market since 2020, and only the fourth time in history that the Dow lost 2,000 points in a single day."
#Trump #tariffs #StockMarket #Dow #S&P #economy #recession #inflation #stupidity #incompetence #destruction
/22
William Lindsey :toad:
"The sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say."
~ Dharna Noor
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction #BigOil #OilandGas #oligarchy #billionaires
/20
https://www.theguardian.com/us-news/2025/apr/04/trump-exempts-big-oil-donors-from-tariffs
William Lindsey :toad:
As Edward Helmore reports, New York shopkeepers featuring imported goods are announcing that they will have to hike prices "astronomically" due to Trump's "liberation" tariffs.
Jennifer Pulidore of Myers of Keswick, a shop selling British groceries, says, 'The price of chocolate has gone up astronomically.'"
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/19
https://www.theguardian.com/us-news/2025/apr/04/trump-tariffs-small-business-nyc-prices
William Lindsey :toad:
"The US dollar experienced its largest single-day decline on record, dropping by 2.1% against major currencies."
~ CNBC
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/17
William Lindsey :toad:
"The Chinese Ministry of Finance, calling @POTUS new tariffs on Chinese imports a 'typical act of unilateral bullying,' responds overnight with a 34% tariff on all goods imported from America. And so the President's trade war escalates."
~ Garrett Haake quoted by Greg Dworkin
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/18
William Lindsey :toad:
"Experts said Trump’s sweeping border taxes of between 10% and 50% on the US’s traditional allies and enemies alike had dramatically added to the risk of a steep global downturn and a recession in the world’s biggest economy."
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/16
William Lindsey :toad:
"As world leaders reacted to the US president’s 'liberation day' tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe."
~ Richard Partington
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/15
William Lindsey :toad:
"Business still hasn’t grasped how bad things are. For while tariffs are dominating the news right now, they’re part of a broader pattern of malignant stupidity. It may take a while before we see the effects of DOGE’s destruction of the government’s administrative capacity, or RFK Jr.’s destruction of health policy, but we will see those effects eventually."
~ Paul Krugman
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #stupidity #incompetence
/13
https://paulkrugman.substack.com/p/how-a-con-man-president-is-destroying
William Lindsey :toad:
"The pure insanity of Trump’s tariffs is best (ahem) personified by his inclusion of Heard and McDonald Islands, which are inhabited largely by penguins."
~ Marcy Wheeler
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/14
William Lindsey :toad:
“The vast majority of us will be worse off. It’s not that complicated: Tariffs are a tax. Some of that tax will be eaten by the foreign producer… some of it will be eaten by the importer. But a big chunk of it will be paid by American consumers.”
~ James Surowiecki
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/12
https://zeteo.com/p/people-will-become-destitute-trumps-tariffs-backfire
William Lindsey :toad:
"The tariffs announced this week by President Donald Trump have significantly increased the chances of a U.S. and global economic downturn, according to JPMorgan. “These policies, if sustained, would likely push the US and possibly global economy into recession this year,” wrote head of global economic research Bruce Kasman in a note late Thursday."
~ Jesse Pound
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/10
https://www.cnbc.com/2025/04/04/jpmorgan-raises-recession-odds-for-this-year-to-60percent.html
William Lindsey :toad:
"The economist puts the odds of a recession this year now at 60%, up from 40% before the tariff rollout. Even if the global economy does avoid a recession, the U.S. may not be as lucky, Kasman said."
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/11
William Lindsey :toad:
"According to a report from recruiting firm Challenger, Gray & Christmas released on Thursday, 275,240 people lost their jobs last month. That is a fuckton of people. In fact, it is the third highest number of jobs lost in a single month since they first started tracking job cuts in 1989, the other two being the first two months of the COVID pandemic.
~ Robyn Pennacchia
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/9
William Lindsey :toad:
Andy Kaczynski, quoted by Bulwark, reminds us of a "top banker" quoted by media after Trump's election, who said he felt "liberated" because he could now say the words "pu—y" and "ret-rd" with fear of being "cancelled." Kaczynski wonders if Financial Times can check in on that banker about how "liberated" he's feeling right now.
#Trump #tariffs #StockMarket #economy #crash #SmootHawley #recession #inflation #stupidity #incompetence #destruction
/8
William Lindsey :toad:
"Callers to my radio show—as well as when I posed this question [of why Trump is crashing the economy] online—overwhelmingly responded that Trump is doing this because he is a 'Russian asset.' His goal is to 'Make Russia Great Again' at the expense of the United States."
#Trump #tariffs #StockMarket #economy #crash #SmootHawley #recession #inflation #stupidity #incompetence #destruction #Putin #PutinsPoodle
/6
William Lindsey :toad:
Andrew Egger looks at how FOX News chose to handle Trump's "Liberation Day" as the market crashed: FOX opened the day digitally jubilant with an announcement that Trump has revived "the American dream."
But as the markets cratered, FOX began slowly burying all ledes with that news and fell silent about our "liberation" and how we've living "the American dream."
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #stupidity #incompetence #Fox
/7
https://www.thebulwark.com/p/lamps-going-out-around-us-trump-markets-nato-american-decline
William Lindsey :toad:
"CNBC’s Jim Cramer warned two weeks ago that Donald Trump was 'manufacturing' a recession with his potential massive tariffs. As Cramer correctly explained, history books tell us that the massive tariffs imposed in 1930 known as 'Smoot Hawley' by GOP President Herbert Hoover 'was a direct cause of the of the Depression.'”
~ Dean Obeidallah
#Trump #tariffs #StockMarket #economy #crash #SmootHawley #recession #inflation #stupidity #incompetence #destruction
/5
https://deanobeidallah.substack.com/p/trump-is-following-herbert-hoovers
William Lindsey :toad:
And what did Trump do yesterday as the market crashed? Stelter quotes Jeff Zeleny on CNN: Trump did not "fly to a factory"; "he did not use the presidential bully pulpit to sort of sell this tariff plan." Instead, he flew to Florida for a LIV Golf event.
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #MobBoss #stupidity #incompetence #destruction
/4
William Lindsey :toad:
"Donald Trump’s decision on April 2 2025 to enact sweeping 'reciprocal' tariffs on US trade partners will go down as one of the greatest acts of self-harm in American economic history. They will wreak untold damage on households, businesses and financial markets across the world, upending a global economic order that America benefited from and helped to create."
~ Financial Times
#Trump #tariffs #StockMarket #economy #crash #stupidity #incompetence #destruction
/2
https://www.ft.com/content/21454c08-8e1c-4335-84f9-ef2d0e1aeb14
William Lindsey :toad:
Brian Stelter points to an AP article in March drawing attention to these words of Trump last August:
"If Harris wins this election, the result will be a Kamala economic crash, a 1929-style depression. 1929. When I win the election, we will immediately begin a brand new Trump economic boom."
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #MobBoss #stupidity #incompetence #destruction
/3
https://view.newsletters.cnn.com/messages/17437726770173f149ef9ebf8/raw
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