Reply to More stock market carnage coming?! S&P futures down another 4.5%!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You can't really turn the world's economic order on its head and not expect repercussions.  And now that the United States has demonstrated it's no longer a serious nation, but instead one that can be jerked around and will jerk around others based on the whims of a felonious, idiotic shithead, good luck putting that genie back in the bottle.  Many people are going to have their retirements shattered and many businesses will fail.  [/quote]
"one that can be jerked around" - True. That has been happening for decades.

"will jerk around others" - Should have happened decades ago, but didn't.

"on the whims of a felonious, idiotic shithead" - But...no one else took action.

"good luck putting that genie back in the bottle" - Agreed. Gonna be wild.

"Many people are going to have their retirements shattered" - The same people who were driving G-Wagons, because ...stonks!! ? [b]The average person has very little exposure to the capital markets, this is only affecting the wealthy.[/b] They can take it.

"many businesses will fail" - Should have happened decades ago. All these zombie companies that exists solely because we kept cost of money so low for so long...[/quote]

This is actually a good point. It’s been documented that the top 10% wealthiest Americans own 90% of all stocks. Trump seems OK crashing the market in service of establishing more equitable global trade for the American worker and creating middle-class jobs.

I know most people here think that his plan is doomed to fail, but you have to at least acknowledge that he’s the first president in decades (if not longer) to be willing to tolerate/inflict pain on the wealthy in service of advancing the middle class.

The bleeding-heart DCUM liberals should, if nothing else, be supportive of that in principle.  Instead, everyone here seems more concerned with their retirement accounts.  Tsk, tsk, tsk - bad liberals![/quote]

The stock market trades on projected future earnings. This is strong signaling that earnings are in peril. Which means that people and businesses aren't buying, businesses aren't investing, followed by fewer workers working, etc. This impacts everybody. Maybe you know that, though and are just providing weak cover for the moron-in-chief.[/quote]

Yup.  A large part of the economy is on standstill because there's no certainty and these tariffs are the largest tax increase, as a percentage of GDP, in generations.

The worst part is that Congress can stop this at any time.  Yet the only Republicans speaking up against it are Murkowski, Collins, McConnell, Paul and Bacon.[/quote]

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