Nonilex<p>US <a href="https://masto.ai/tags/stocks" class="mention hashtag" rel="tag">#<span>stocks</span></a> extended already deep losses as traders focused on remarks from <a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="tag">#<span>FederalReserve</span></a> Chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="tag">#<span>JeromePowell</span></a> amid global economic turmoil caused by <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a>’s sweeping <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a>.</p><p>The S&P 500 was last down 4.3%, while the Nasdaq was down by about the same amount.</p><p><a href="https://masto.ai/tags/Oil" class="mention hashtag" rel="tag">#<span>Oil</span></a> plunged to its lowest level since 2021 & commodities including <a href="https://masto.ai/tags/NaturalGas" class="mention hashtag" rel="tag">#<span>NaturalGas</span></a> & <a href="https://masto.ai/tags/soybeans" class="mention hashtag" rel="tag">#<span>soybeans</span></a> also dived as <a href="https://masto.ai/tags/China" class="mention hashtag" rel="tag">#<span>China</span></a> retaliated against <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a>'s aggressive tariffs.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Recent searches
No recent searches
Search options
Only available when logged in.
masto.ai is one of the many independent Mastodon servers you can use to participate in the fediverse.
A general Mastodon server for all languages.
Administered by:
Server stats:
2.2Kactive users
masto.ai: About · Status · Profiles directory · Privacy policy
Mastodon: About · Get the app · Keyboard shortcuts · View source code · v4.3.4
#etttts
18 posts · 3 participants · 0 posts today
Nonilex<p>"We've taken a step back & we're watching to see what the policies turn out to be & the ways in which they will affect the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a>. Then we'll be able to act. Fortunately, our policy stance is in a good place for us to do that." thanks to <a href="https://masto.ai/tags/Biden" class="mention hashtag" rel="tag">#<span>Biden</span></a> / <a href="https://masto.ai/tags/Bidenomics" class="mention hashtag" rel="tag">#<span>Bidenomics</span></a>]</p><p><a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="tag">#<span>TheFed</span></a>, he added is in the same place as everyone else, awaiting clarity on policies.<br />[again, cuz shit is crazy]</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="tag">#<span>JeromePowell</span></a> signaled that <a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="tag">#<span>TheFed</span></a> would not be making any hasty decisions on <a href="https://masto.ai/tags/InterestRates" class="mention hashtag" rel="tag">#<span>InterestRates</span></a>.</p><p>"It's a good time to take a step back & let things clarify. That's why it's just too soon to say what the appropriate monetary policy response will be to these new policies. It is just too soon to say. We can't say with any confidence today." [cuz shit is crazy]</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="tag">#<span>JeromePowell</span></a> says <a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="tag">#<span>TheFed</span></a> does not forecast <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> probability.</p><p>"We don't actually, we don't make a probability forecast of how likely it is for there to be a recession, but many outside forecasters do, & many of them have raised the likelihood, …there's not much more I can say about that."</p><p>Powell stressed that he did not want to be part of a political discussion about <a href="https://masto.ai/tags/policy" class="mention hashtag" rel="tag">#<span>policy</span></a>.</p><p>The Fed is not responsible for <a href="https://masto.ai/tags/trade" class="mention hashtag" rel="tag">#<span>trade</span></a>, <a href="https://masto.ai/tags/immigration" class="mention hashtag" rel="tag">#<span>immigration</span></a>, fiscal or other policies.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a></p>
Nonilex<p>Q & A:</p><p><a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="tag">#<span>FederalReserve</span></a> chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="tag">#<span>JeromePowell</span></a> was asked about recent <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> comments on the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a>. He said he would not comment.</p><p>He also said:</p><p><a href="https://masto.ai/tags/Unhappiness" class="mention hashtag" rel="tag">#<span>Unhappiness</span></a> with economy seems rooted in <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> persisting.</p><p><a href="https://masto.ai/tags/Prices" class="mention hashtag" rel="tag">#<span>Prices</span></a> aren’t going down, people know they are paying more & are right not to be happy about it.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Nonilex<p>"The new administration is in the process of implementing substantial policy changes in four distinct areas <a href="https://masto.ai/tags/trade" class="mention hashtag" rel="tag">#<span>trade</span></a>, <a href="https://masto.ai/tags/immigration" class="mention hashtag" rel="tag">#<span>immigration</span></a>, fiscal policy & regulation [<a href="https://masto.ai/tags/deregulation" class="mention hashtag" rel="tag">#<span>deregulation</span></a>]," <a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="tag">#<span>FederalReserve</span></a> chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="tag">#<span>JeromePowell</span></a> said.</p><p>"Our monetary policy stance is well positioned to deal with the risks & uncertainties we face as we gain a better understanding of the policy changes & their likely [adverse] effects on the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a>. It is not our role to comment on those policies."</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="tag">#<span>FederalReserve</span></a> Chair <a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="tag">#<span>JeromePowell</span></a> is speaking</p><p>Says <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> were far higher than expected & that larger than expected tariffs mean higher <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a>, slower growth.</p><p>"We face a highly uncertain outlook with elevated risks of both higher <a href="https://masto.ai/tags/unemployment" class="mention hashtag" rel="tag">#<span>unemployment</span></a> & higher inflation," undermining both of the <a href="https://masto.ai/tags/Fed" class="mention hashtag" rel="tag">#<span>Fed</span></a>'s mandates of 2% inflation & maximum employment, Powell said in prepared remarks for a business journalists' conference.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Nonilex<p>Acc/to Olu Sonola, an economist at Fitch Ratings, the average <a href="https://masto.ai/tags/US" class="mention hashtag" rel="tag">#<span>US</span></a> <a href="https://masto.ai/tags/tariff" class="mention hashtag" rel="tag">#<span>tariff</span></a> rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the <a href="https://masto.ai/tags/GreatDepression" class="mention hashtag" rel="tag">#<span>GreatDepression</span></a>]. “This is a game changer, not only for the US economy but for the global <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a>,” Sonola said in a statement. “Many countries will likely end up in a <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a>.”</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="tag">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="tag">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Nonilex<p>…The levies <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> announced on Wed are separate from the ones he has already imposed on <a href="https://masto.ai/tags/steel" class="mention hashtag" rel="tag">#<span>steel</span></a>, <a href="https://masto.ai/tags/aluminum" class="mention hashtag" rel="tag">#<span>aluminum</span></a>, & foreign-made <a href="https://masto.ai/tags/cars" class="mention hashtag" rel="tag">#<span>cars</span></a> & parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—& a final nail in the coffin for the open <a href="https://masto.ai/tags/trading" class="mention hashtag" rel="tag">#<span>trading</span></a> environment that reigned before 2016.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="tag">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="tag">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Nonilex<p>After weeks of nervous anticipation in the <a href="https://masto.ai/tags/financial" class="mention hashtag" rel="tag">#<span>financial</span></a> <a href="https://masto.ai/tags/markets" class="mention hashtag" rel="tag">#<span>markets</span></a> & in the capitals of America’s <a href="https://masto.ai/tags/trading" class="mention hashtag" rel="tag">#<span>trading</span></a> partners, <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a>’s “Liberation Day” <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> have arrived, &, even by his standards, they are shockingly high & wide-ranging. “For decades our country has been looted, pillaged, raped, & plundered by nations near & far,” Trump said on Wed to a crowd at the WH that included members of <a href="https://masto.ai/tags/UAW" class="mention hashtag" rel="tag">#<span>UAW</span></a>, & also elected <a href="https://masto.ai/tags/Republicans" class="mention hashtag" rel="tag">#<span>Republicans</span></a>.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="tag">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> has blown up a half century’s worth of globalization.</p><p>THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”</p><p>Trump’s one-man <a href="https://masto.ai/tags/TradeWar" class="mention hashtag" rel="tag">#<span>TradeWar</span></a> was already hurting the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a>. His expansive new <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> will make things worse.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="tag">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="tag">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="tag">#<span>USpol</span></a> <br /><a href="https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">newyorker.com/news/the-financi</span><span class="invisible">al-page/the-truth-about-donald-trumps-liberation-day</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/China" class="mention hashtag" rel="tag">#<span>China</span></a> announced the <a href="https://masto.ai/tags/RareEarth" class="mention hashtag" rel="tag">#<span>RareEarth</span></a> <a href="https://masto.ai/tags/minerals" class="mention hashtag" rel="tag">#<span>minerals</span></a> controls late on Friday as part of a broader package of <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="tag">#<span>tariffs</span></a> & company restrictions in <a href="https://masto.ai/tags/retaliation" class="mention hashtag" rel="tag">#<span>retaliation</span></a> for <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a>'s decision to hike tariffs against most Chinese products to 54%.</p><p>China announced additional tariffs of 34% on <a href="https://masto.ai/tags/US" class="mention hashtag" rel="tag">#<span>US</span></a> goods.</p><p>It added 11 entities to the "unreliable entity" list.</p><p>And it filed a complaint at the World Trade Organization <a href="https://masto.ai/tags/WTO" class="mention hashtag" rel="tag">#<span>WTO</span></a>.</p><p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="tag">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <br /><a href="https://www.reuters.com/markets/europe/europe-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/markets/europe/eur</span><span class="invisible">ope-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/</span></a></p>
bk<p><span class="h-card" translate="no"><a href="https://flipboard.com/@npr" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>npr</span></a></span> <span class="h-card" translate="no"><a href="https://flipboard.com/@npr/business-uklg5idmz" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>business-npr</span></a></span> <br><a href="https://sfba.social/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a></p>
Nonilex<p>In case you’re unfamiliar: <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> - Everything Trump Touches Turns To Shit</p>
Nonilex<p><a href="https://masto.ai/tags/Oil" class="mention hashtag" rel="tag">#<span>Oil</span></a> has yo-yoed both on supply-&-demand issues but also the <a href="https://masto.ai/tags/MiddleEast" class="mention hashtag" rel="tag">#<span>MiddleEast</span></a> ceasefires between <a href="https://masto.ai/tags/Israel" class="mention hashtag" rel="tag">#<span>Israel</span></a> & <a href="https://masto.ai/tags/Hamas" class="mention hashtag" rel="tag">#<span>Hamas</span></a> & <a href="https://masto.ai/tags/Hezbollah" class="mention hashtag" rel="tag">#<span>Hezbollah</span></a> that already look under threat.</p><p>Q2 doesn't look like it is going to get any easier on the whole.</p><p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> will be detailing his grand <a href="https://masto.ai/tags/global" class="mention hashtag" rel="tag">#<span>global</span></a> <a href="https://masto.ai/tags/tariff" class="mention hashtag" rel="tag">#<span>tariff</span></a> plan he has dubbed ‘liberation day' on Wednesday. For investors, the big question is whether it will end up triggering <a href="https://masto.ai/tags/recessions" class="mention hashtag" rel="tag">#<span>recessions</span></a>.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="tag">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="tag">#<span>GlobalEconomy</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/Bitcoin" class="mention hashtag" rel="tag">#<span>Bitcoin</span></a> has been volatile as usual. It raced up almost 20% when <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a> took office, only to dive nearly 30% when his plans for a <a href="https://masto.ai/tags/US" class="mention hashtag" rel="tag">#<span>US</span></a> <a href="https://masto.ai/tags/cryptocurrency" class="mention hashtag" rel="tag">#<span>cryptocurrency</span></a> reserve failed to impress.</p><p>And if you think that's bad just look at <a href="https://masto.ai/tags/Musk" class="mention hashtag" rel="tag">#<span>Musk</span></a>’s <a href="https://masto.ai/tags/Tesla" class="mention hashtag" rel="tag">#<span>Tesla</span></a> share price versus its main rival <a href="https://masto.ai/tags/BYD" class="mention hashtag" rel="tag">#<span>BYD</span></a> since inauguration day. Ouch.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="tag">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="tag">#<span>GlobalEconomy</span></a></p>
Nonilex<p>At the bottom of the FX pile are <a href="https://masto.ai/tags/Turkey" class="mention hashtag" rel="tag">#<span>Turkey</span></a>'s <a href="https://masto.ai/tags/lira" class="mention hashtag" rel="tag">#<span>lira</span></a> & the <a href="https://masto.ai/tags/Indonesian" class="mention hashtag" rel="tag">#<span>Indonesian</span></a> <a href="https://masto.ai/tags/rupiah" class="mention hashtag" rel="tag">#<span>rupiah</span></a>. The former is down nearly 7%, much of it after <a href="https://masto.ai/tags/Erdogan" class="mention hashtag" rel="tag">#<span>Erdogan</span></a>'s main political rival was detained last week.</p><p>The rupiah, meanwhile, has hit its lowest since the 1998 Asian financial crisis amid worries about <a href="https://masto.ai/tags/Jakarta" class="mention hashtag" rel="tag">#<span>Jakarta</span></a>'s finances & that it is sliding back towards <a href="https://masto.ai/tags/military" class="mention hashtag" rel="tag">#<span>military</span></a> domination.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="tag">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="tag">#<span>GlobalEconomy</span></a></p>
Nonilex<p>"The <a href="https://masto.ai/tags/dollar" class="mention hashtag" rel="tag">#<span>dollar</span></a> view has unravelled very quickly this year," said State Street Global Markets' Michael Metcalfe. "I think there has been an element of take what was said at the start of the year & just flip it."</p><p>Just as jarring, the 'Magnificent Seven' <a href="https://masto.ai/tags/US" class="mention hashtag" rel="tag">#<span>US</span></a> <a href="https://masto.ai/tags/tech" class="mention hashtag" rel="tag">#<span>tech</span></a> giants have been hit for 6. They have been a cash cow for portfolios for years but have shed nearly $2T & been left for dust by <a href="https://masto.ai/tags/Chinese" class="mention hashtag" rel="tag">#<span>Chinese</span></a> rivals & <a href="https://masto.ai/tags/Europe" class="mention hashtag" rel="tag">#<span>Europe</span></a>'s defense firms.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="tag">#<span>trumpcession</span></a> <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="tag">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="tag">#<span>GlobalEconomy</span></a></p>
Nonilex<p>Markets in Q1: <a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="tag">#<span>ETTTTS</span></a></p><p>Whereas the major risk back in Jan was that <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="tag">#<span>Trump</span></a>'s 'America first' policies would push <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="tag">#<span>inflation</span></a> back up & prevent <a href="https://masto.ai/tags/US" class="mention hashtag" rel="tag">#<span>US</span></a> interest rate cuts, now the most important risk is <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="tag">#<span>recession</span></a> risk.</p><p>That has spun the $140T global bond <a href="https://masto.ai/tags/market" class="mention hashtag" rel="tag">#<span>market</span></a> 180°.</p><p><a href="https://masto.ai/tags/Gold" class="mention hashtag" rel="tag">#<span>Gold</span></a>, the ultimate safe port in a storm, has had its best quarter since 1986 due to Trump's <a href="https://masto.ai/tags/TradeWar" class="mention hashtag" rel="tag">#<span>TradeWar</span></a> & the <a href="https://masto.ai/tags/dollar" class="mention hashtag" rel="tag">#<span>dollar</span></a> is flirting w/its worst start to a year since the 2008 global bust.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="tag">#<span>economy</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="tag">#<span>trumpcession</span></a> <br /><a href="https://www.reuters.com/markets/us/global-markets-q1-analysis-pix-2025-03-30/" target="_blank" rel="nofollow noopener noreferrer" translate="no"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/markets/us/global-</span><span class="invisible">markets-q1-analysis-pix-2025-03-30/</span></a></p>
ExploreLive feeds
Mastodon is the best way to keep up with what's happening.
Follow anyone across the fediverse and see it all in chronological order. No algorithms, ads, or clickbait in sight.
LoginDrag & drop to upload