@wildgrass saidFunny meme going around. "We have tried massive tariffs 3 times in US history: 1828, 1930, and 2025. The first two times created a depression. Basically, everyone has to be dead who remembers it before we try it again. Hope this time we get rich." 😆
Nasdaq -5.7% today.
Apple stock -20% since December....
Is someone checking the dozen billionaires working in trump administration for whether they're pumping and dumping the NASDAQ on inside trading scheme?
No.
Why not?
We fired all the regulators.
@my-king-and-i removed their quoted postMaybe I can help?
These tariffs are monstrously destructive, incoherent, ill-informed, based on purposefully fake numbers, imagined wrongs, pretend problems, discredited theories, and seemingly willful ignorance of decades of evidence. The real tragedy is that they will hurt working Americans more than anyone else.
All because, as you say, the utility lineman is a sucker for not checking the stock market throughout the day.
@spruce112358 saidLOL.
Funny meme going around. "We have tried massive tariffs 3 times in US history: 1828, 1930, and 2025. The first two times created a depression. Basically, everyone has to be dead who remembers it before we try it again. Hope this time we get rich." 😆
Interesting trend. It seems to happen every hundred years right after massive epidemics/pandemics.
@my-king-and-i removed their quoted postMany/most of those countries have zero or very very low effective tariffs. Trump's number were fabricated. Makes you wonder why? Why would he make it up?
@wildgrass saidIt's not real money, you know. It's imaginary wealth, numbers in a computer. Companies don't invest that in research and development or worker's pension funds. It goes into dividends for the owners of voting shares.
That's money that companies can use to build factories. Buy inventory. Hire workers.
Not anymore.
@my-king-and-i removed their quoted postOrher countries flipped out way less than the US did.
This hurts us more than them. A self inflicted wound according to every economist. The only logical explanation is that trump is a Russian asset.
@my-king-and-i removed their quoted postTrump imposed 10% tariffs on almost every country in the world except Russia, causing the stock market losses.
Russia was spared from tariffs but McDonald island, populated by penguins, was not
MAGA really don't see how stupid this is?