‘It’s Recession Day’: Hakeem Jeffries Hammers Donald Trump’s ‘Liberation Day,’ Warns Economy About to Crater
https://www.mediaite.com/news/its-recession-day-hakeem-jeffries-hammers-donald-trumps-liberation-day-warns-economy-about-to-crater/Open linkView original on lemmy.world369
Comments18
I deleted my Fidelity app when Trump took office. I wasn’t doing anything with my blue chip stock and I’d rather not see what I’m losing in real time.
The nice thing is over time historically the stock market or at least index funds always have gain. So either you will recover or... We all have bigger problems.
Cool. But adding 5, 10, 20 extra years to get to the same valuation in your retirement plan isn’t “nice”.
Groovy. You are right, I was just using it as a transition to my comment. Who doesn't love waiting an extra 15 years for retirement?
Hence the we have bigger problems. At least for the next ten years the stock markets won't say, hey its time to try helping out the poor. If the stockmarkets completely implodes, yeah we got some other problems goingonn.
I think it's still to early for that. The market seems to still be quite bullish that things will play out in a good way. However, everything I'm seeing will have years long cascading effects on the economy that we can't begin to forecast.
Whats your rationale for bull market? Were mathematically in a correction already
I don't think it's been a bull market, but I think everyone has been bullish in that they don't think Trump will follow through with blowing up the economy. But given he just announced 10% tarrifs on everything I think the market has been foolish.
Honestly if the markets would realize he's serious they might have avoided this. A huge drop earlier on given his tariff talk might have helped avoid this.
Trump targeted Hoover instead of FDR
The market has factored in these tariffs. They haven't factored in the retaliation tariffs, since they haven't been announced yet.
I feel like there should be a name for a tariff terrorist. A tarrifist? A terofist?
no the market was betting it was mostly a bluff. look at the futures market to see what tomorrow looks like. (dow jones down 1000 points, etc.)
Man that absolutely does not flow off the tounge.
Tarriforist?
Ugh that's worse
Tariffnator
I like how you removed your own upvote lol
It rubs me the wrong way, like laughing at my own jokes.
Hahaha oh shits gonna go from really bad to worse
My 401k is factored into the divorce and that's a lot of money I'm about to not have to negotiate with
Make America Great Depression again…? That’s where they’re taking this?
I’ve never invested or traded stocks and I probably never will…or be able to at this point. Happy recession day!