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Stock Market Today: Dow down almost 800 points, S&P 500, Nasdaq tumble after Trump refuses to rule out recession

The “sugar rush” started 15-17 years ago when Junior and Congress fiddled while the allowed Rome to burn. A ridiculous “tax refund”, a senseless tax cut, observing the financial collapse of the American currency along with starting 2 wars halfway around the world (and not bothering to finance them) led to a disastrous distribution of free money and record low inteeest rates… and then three in another round of poorly directed tax cuts and more “no holds barred” Cingressiobal spending and a world-wide pandemic while a poorly qualified Nan occupied the Oval Office… and Voila! Here we are…
What’s tge cure? Trade wars, tariffs and huge wide cut job losses that are seemingly sending us towards some degree of recession and another huge redistribution of wealth (towards the already rich and wealthy)…
Good times from our real estate President!
Recession if we’re lucky. Hopefully no stagflation.
 
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Recession if we’re lucky. Hopefully no stagflation.
I think there's a very high probability of stagflation happening. We haven't seen inflation go crazy yet, but that risk now exists. Fiscal policy has been restrictive since early 2023. If Trump somehow convinces them to loosen that up we will definitely get stagflation. I think there's enough damage that is going to be done on the supply side from labor and tariffs that prices may go up enough causing "inflation".
 
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I think there's a very high probability of stagflation happening. We haven't seen inflation go crazy yet, but that risk now exists. Fiscal policy has been restrictive since early 2023. If Trump somehow convinces them to loosen that up we will definitely get stagflation. I think there's enough damage that is going to be done on the supply side from labor and tariffs that prices may go up enough causing "inflation".
Inflation is already an issue. The question is how much worse the tariffs make it.
 
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Um, Wall Street views economic data by the second.
Think they forecast revenue by years as well. If a company has a good quarter but is slated to have flat revenue long term. The stock still goes down. Currently that’s what the market is looking at. Long-term projection are up in the air on the moment.
 
The moron Trump is killing our economy and our markets. So much for those big promises of an end to the Ukraine war day 1, lower grocery prices day 1, energy prices cut in half. Those were his big lies to get elected, now it's nothing but chaos... that's tanking our economy. Nice job Bonespurs 🤒
 
This should be a wild ride. As they slash government jobs and agencies not only do they kill those jobs but all of the industries that are setup to support those. Tariffs are causing their fair share of fear uncertainty, and doubt. They will drive up costs and remove money to be spent consuming elsewhere. Distancing from Canada, EU, and Mexico has allies and trading partners and cozying up to weak economies in Russia or Hungary will not be a boon. Then there are potentially huge cuts to Medicaid which would also remove 850 billion from money being spent or it would shift costs which would either remove that money into other areas of the economy and lower financial confidence even more. These are just the surface level hits but there will be a lot more changes negatively reverberating through the system.

But at least we can give tax cuts to the uber wealthy which will add 4.5 trillion more to the deficit. That is money that doesn't flow through the economy, that is money that gets hoarded.
 
Ok was that the bottom for the day? Wow I've never seen the Dow drop below the 1,100 mark like that, that I recall.
 
Am I the only one that's noticed that not a lot of numpties are posting today???
Probably can't afford the internet or a trip to the local public library?
It's nice out today in a lot of places. They're probably using the good weather to replace the plastic over the broken windows on the trailer.
 
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