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#Trump’s senior advisers downplayed fresh economic turbulence Monday as the admin’s escalating #TradeWar deepened a sell-off on #WallStreet & renewed fears about the stability of the US #economy.
As all 3 major US #stock indexes slumped, Trump’s team projected confidence that the volatility would prove temporary & that an economic boom set off by tax cuts [for #corporations & the #wealthy] would follow later this year.
#tariffs #instability #finance #USpol #trumpcession
https://www.washingtonpost.com/business/2025/03/10/stocks-dow-fall-trump/
But #investors have been unsettled by #Trump’s willingness to impose #tariffs that go even beyond his sweeping campaign promises, w/hundreds of billions in new import duties already levied & trillions more poised to take effect on April 2. The federal govt could shut down this weekend, too, if #Congress doesn’t extend federal #funding.
The growing conviction that #Trump will stick by massive new #tariffs regardless of the economic fallout — amplified by Trump’s refusal to rule out a #recession on Sunday — fueled the drop across equity markets. The Dow Jones Industrial Average closed down 890 points, 2%, while the S&P 500 fell 2.7% & the Nasdaq Composite plummeted 4%.
think we need to start more accurately labeling his staff. "advisers" implies that TFG listens to anyone other than putin.
i propose any of the following:
- stooge
- lackey
- talking head
- co-conspirator
- sycophant
Yes-men & yes-women
i'm struggling these days to not use words that my mother wouldn't approve of...
@Nonilex
They are fucking clueless
Or they are crashing it to buy up top stock at bottom dollsr
@Nonilex ....the tax cuts mentioned may spur a short live boost....but it will add massively to our national debt....the tax cuts themselves will COST TAXPAYERS over $4 trillion, and $2-3 trillion of that will go into national debt (depending on how it's accounted for, any offsets) - it would make trumpo THE biggest grower of our nat'l debt IN HISTORY....hige debt is a long term gigantic economic anchor. Trumpo is a lose-lose president, esp when it come to economic mgmt.