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U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day
(www.marketwatch.com)
this post was submitted on 05 Apr 2025
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Can someone explain the tangible effects of this?
Companies are going to lay off loads of people and close any department that costs too much just to increase the stock price again. For investors stock price is everything and they don't care much about consequences.
USA stock market crashing means the dollar is getting less worth compared to other currencies, so anything imported gets more expensive in the USA, what is most items. Things getting more expensive means less people buying stuff, less economic activity so more layoffs.
All those layoffs means people can't pay back there debt. Trump doesn't care about people in debt and somehow makes it worse. Banks get in trouble. Trump cares about banks and big businesses so they get bailed out. Taxes on everybody else increases to pay for bailouts.
To distract from all this, Trump starts challenging China and it leads to war. Marshall law is called and Trump starts funneling more money to the military making things even worse.
And he's already stated that running for a 3rd term isn't off the table.
You're all going to be poorer.
You say that as if it won't likely affect you as well. Even if you're not American, the next decade will be worse financialy than the last. There are probably some exceptions, but not many.
I'd be fine with that if it was for some grand project, like reversing climate change or wiping out global poverty, but it's not.
This doesn't explain anything. To do that you would have to say why.
Wait for the orange to be almost out the door and buy stock
This doesn't explain anything