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"Today, the stock market dropped dramatically upon news that Trump intended to go through with his tariffs. The Dow Jones Industrial Average dropped 650 points, down 1.48%. The S&P fell 1.76%, and the Nasdaq Composite, which focuses on technology stocks, fell 2.64%."
~ Heather Cox Richardson
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/1
"Also today, the Federal Reserve Bank of Atlanta forecast a dramatic contraction in the economy in the first quarter of 2025. Evaluating current data according to a mathematical model, it moved from an expected 2.9% growth in gross domestic product at the end of January to –2.8% today."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/2
"Donald Trump’s introduction of his long-threatened 25 percent trade tariffs on Mexico and Canada has caused global stock markets to drop sharply, with the Dow Jones, S&P 500 and Nasdaq all falling."
~ Oliver O'Connell, Joe Sommerlad, Ariana Baio
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/3
"The unease has already led to warnings that the U.S. could be heading for recession, with the Atlanta Fed’s GDPNow model estimating real GDP growth for the first quarter of 2025 at -2.8 percent, down from +3.9 percent just four weeks ago."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/4
@wdlindsy@toad.social"Unbridled Tariff Man was always going to be a big economic risk in a second term, and here we are."
~ Wall Street Journal
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/5
https://www.wsj.com/opinion/trump-takes-the-dumbest-tariff-plunge-5da57946
"Trump has created a climate of extreme economic uncertainty. And that’s really bad for the economy in the most fundamental way. If you’re tied to the global economy in really any way it’s hard to imagine you’d be making any big spending decisions at the moment. And that plays down to the consumer level. Meanwhile, the administration is at least trying to yank a lot of government spending out of the domestic economy."
~ Josh Marshall
"We assess that the Presidency has been captured by Vladimir Putin. Until we see proof otherwise, assume that Elon Musk, Donald Trump, and JD Vance are proxies for Putin, Xi, and their allies. China backs Russia fully.
Russia’s strategic goal is to dismantle the United States. They will pursue this through creating internal turmoil and dysfunction, trying to destroy the dollar and by 'ending' the Federal Reserve."
~ Dave Troy
"Trump is killing the economy, reducing the U.S. government to rubble, and destroying our relationships with our allies. Putin may love it, but it’s a catastrophe for us and much of the rest of the world."
~ Robert Reich
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/8
https://robertreich.substack.com/p/democrats-wake-the-hell-up
"They want us broke. That means they want a recession, a depression, economic tumult. They want mass unemployment. They want the stock market to collapse. They want us to go broke struggling to pay our bills."
~ Greg Olear
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/9
https://gregolear.substack.com/p/sotu-stfu-how-the-opposition-party
"The newspapers this morning all contain analysis pieces trying to explain why Trump is imposing 25 percent tariffs on Canada and Mexico. You can see the writers struggling, because this is a profoundly self-destructive move — it will impose huge, possibly devastating costs on U.S. manufacturing, while significantly raising the cost of living — without any visible justification."
~ Paul Krugman
#Musk #Trump #Putin #StockMarket #economy #tariffs #recession
/10
https://paulkrugman.substack.com/p/trump-hates-canada-for-its-decency
"Yet the conventions of mainstream journalism make it hard to say directly that the president’s actions are just vindictive and senseless. …
I don’t know how this ends. But U.S. voters will soon be feeling real pain, and I very much doubt that it will end in a Trump victory."
#Musk #Trump #Putin #StockMarket #economy #tariffs #recession
/11
"Bloomberg reported that the tariffs on Canada and Mexico are likely to make US car prices rise by as much as $12,000, since so many parts and pieces of vehicles are manufactured at plants in those countries. In his remarks today, Trump said the manufacturers are just going to have to move all their plants to the US."
~ Ron Filipkowski
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/12
https://www.meidasplus.com/p/today-in-politics-bulletin-83-3325
"The Federal Reserve of Atlanta came out with a prediction this morning that the first quarter of growth in the United States would be negative, negative 1.5. That's down from 2.8 positive growth just a month ago. That's all the time it took Donald Trump to wreck this economy. I can't sugarcoat this."
~ Jen Rubin
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/13
https://contrarian.substack.com/p/jen-rubin-addresses-the-halting-of
As Jen Rubin also notes, what Trump is doing to tank the economy has to be set beside his attack on Ukraine and NATO, which says,
"The message to Moscow is do what you will with Ukraine. We'll deliver them on a silver platter."
Ripping apart the federal government and tanking the economy serves no one better than it serves Vladimir Putin. These are dots that need to be connected.
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/14
"On Monday, while President Trump talked about his tariffs, Fox News showed him speaking even as a graphic in the corner displayed the markets sliding. That said it all: No matter how much boasting he does about the economy, the actual metrics are getting worse—and the public knows it."
~ Greg Sargent
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/15
https://newrepublic.com/article/192262/trump-hit-brutal-fox-news-graphic-tariffs-bad-polls-land
"Encouraged by the cheers of his sycophants, empowered by the silence of his enablers, Donald Trump took another step yesterday down the dishonorable and dangerous path of betraying Ukraine and siding with Vladimir Putin."
~ William Kristol
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/16
https://www.thebulwark.com/p/trump-putin-zelensky-veterans-hospital-eggs-tariffs-canada
"And there will be further steps. The administration’s cutoff of aid to Ukraine will surely be followed by further attempts to isolate President Volodymyr Zelensky and further weaken Ukraine."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/17
"Coincidentally, the same day Trump said tariffs on Canadian and Mexican goods would go ahead, a story broke that his administration is seeking to ease sanctions on Russia. After appeasing the bear, he has decided to drive his car into the moose. All of us are about to find out what happens next."
~ Martyn Wendell Jones
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/18
https://www.thebulwark.com/p/trump-putin-zelensky-veterans-hospital-eggs-tariffs-canada
"It was a perfect encapsulation of the chaos that Trump has wrought. As he announced yesterday that he was going to proceed with 25 percent tariffs against Canada and Mexico and hike another 10 percent on China, a widget on the Fox Network showed the Dow Jones crashing in response."
~ Jay Kuo
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/19
"You know what? Elon Musk did say before the election that he was going to inflict pain on the American people. So I guess in that regard, a promise is made, a promise is kept from this administration because people are feeling the pain."
~ Ben Meiselas
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/20
https://www.meidasplus.com/p/meidas-pod-on-trump-tanking-economy
"Assuming that the past six weeks are predictive of what’s next, expect an age of anxiety; expect the elimination of tens, if not hundreds, of thousands of jobs; expect the decimation of liberal institutions to go on for all four years of Trump’s second term; expect government services to deteriorate; expect reduced funding of the safety net; and expect more homelessness, hunger and disease."
~ Thomas B. Edsall
"Expect poverty; expect the financial starvation of universities and of nongovernmental organizations; and expect unannounced raids, unreliable data and an America increasingly aligned with authoritarians worldwide. Expect a pervasive climate of suspicion and a preoccupation with revenge. Expect more suffering, more fear, less security and less happiness.
In other words, expect the worst."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/22
"If any Trump action appears to be a mystery, 'this helps Putin' is usually the answer. Coincidentally, the White House is also reportedly working to lift some Russian sanctions, at the same time it punishes our biggest trade partners."
~ Marcie Jones
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/23
https://www.wonkette.com/p/happy-hunger-games-here-come-more
@wdlindsy the market is diving as a result of tariffs.
So I ask this- who’s profiting? Who’s shorting and who’s playing futures? Always follow the money.
Welp, Trump will FAFO.
@wdlindsy It's very hard to dismiss the claims that the guy beholdened to Putin.
@wdlindsy We don't have and can't afford the kind of insulation he enjoys from the real world.
He's never had to live in the same world as the rest of us.
@wdlindsy It's one thing when Putin is able to install leadership in a country that used to be part of the USSR, something else that he installed one here. Shame on us!
@carfreesince93 @wdlindsy well Russia and the USA spent the entirety of the post war period trying to do just that in South, and central America, the middle east and most of asia, so why a surprise>?
To quote @OGjester :
"Fight woke, go broke.”
"The Federal Reserve of Atlanta came out with a prediction this morning that the first quarter of growth in the United States would be negative, negative 1.5. That's down from 2.8 positive growth just a month ago. That's all the time it took Donald Trump to wreck this economy. I can't sugarcoat this."
Check some recent US history facts
GOP President admins have never successfully managed the US economy for substantial economic growth.
They can not govern a nation nor manage a healthy economy. Due to fact no sense or commitment to "public service" ..... only greedy self service.
@wdlindsy
"Latest estimate: -2.8 percent — March 03, 2025"
https://www.atlantafed.org/cqer/research/gdpnow
@wdlindsy That's not likely. They'll just vote in other Republican monsters, because they haven't figured out yet that the real problem is Republicanism itself.
"In Full Measure"
Republican billionaires plan on making all voters, even Trump voters, irrelevant.
Making billionaires into trillionaires is the only policy objective for the 1%
张殿李@wdlindsy Uh... I presume Mr. Krugman is unaware of Canadian history then, and, say, its influence on the creation of the Geneva Conventions among other elements?
@wdlindsy Because they ignore the obvious reason. If it can only be explained as Trump trying to hurt America, then Trump is trying to hurt America.
@wdlindsy You know what the real problem here is? I'll tell you, and it's extremely simple...
These writers and analysts are trying to rationalize these actions by trying to come up with a post-hoc justification.
There isn't one. Trump is simultaneously an infantile moron, a profoundly sadistic criminal, and someone with the reigns of power firmly held in his hand, enabling these absurd acts, and many others.
Writers and analysts need to be willing to speak the REALITY of what's going on.
Paul Krugman:
The New York Times acknowledges that for some reason Trump personally loathes Canada, a nation most of the world stereotypes as "nice."...
Some Canadians think Trump covets their mineral wealth. And there’s always the possibility that Trump knows how big Canada looks on standard maps, unaware both of the way that its land area is exaggerated by the Mercator projection and the fact that much of it is tundra, and thinks, “Real estate!”
https://paulkrugman.substack.com/p/trump-hates-canada-for-its-decency
h/t @wdlindsy
@wdlindsy No he hates USA. If you are not a sycophant, like Vance, he feels threatened. If you are a sycophant he enjoys torturing you.
It is all him. He knows he is a disgusting fecal remnant and it drives him crazy.
Why be nervous?
They had practice for a decade blaming every non sequitur thing on millennials.
Diamond rings, marriage, avocados, housing, Sears, declining birth rates, etc.
* "Why struggle?"
Not
"Why be nervous?"
@wdlindsy
They really love their country don't they?
True patriots.
(Joke. )
Oh good. Everyone is now getting it that the chaos and destruction are strategic.
Any day now, they'll recognize that the person in the Oval is an enemy of the State.
Any day now.
It's refreshing to at least see the conversation change from they dont know what they are doing," to "OMG, they are destroying our government infrastructure on purpose!"
@wdlindsy when the stock market plunges, retail investors lose their shirts. The 1% buy up that wealth at a severe discount.
@wdlindsy I absolutely love love love @gregolear's counter-state of the union speech. I think it should absolutely be done, precisely as he suggests.
@wdlindsy
So...
Putin gets the total collapse of USA and the West. But to be a Master of The Deal, Trump has to get something back.
What exactly?
Putin is laughing
Hes never forgiven the West for the break up of the soviet bloc. This is Putins retribution.
@Godfrey642 @wdlindsy The Soviet Union fell apart from the inside.
Obviously, Reagan was there egging it on, but everything I've heard informs me the collapse was never a matter of IF, but only a question of WHEN.
@wdlindsy you guys voted him in...
@JStark Not sure to whom you're speaking.
I quite certainly did not vote Trump in.
@wdlindsy the collective yous hehe
Which helps Russia.
Which helps Russia.
I dunno. I wonder if these wealthy WSJ pundit types are at all waking up to the realization that we are in the middle of a coup.