Mark down March 3, 2025. That was the day Wall Street finally realized that US President Donald Trump was serious about tariffs. On Monday, the S&P 500 fell nearly 2 percent as Trump confirmed what we at the Atlantic Council predicted in February—that the tariffs on Canada and Mexico were not mere threats, but actually likely to be implemented. The stock markets continued to fall on Tuesday as investors processed the news.
Wall Street sleeps through alarms, wakes up late to tariffs—economic hangover incoming.
😺😺😺😺
Good thing he’s a king.
So, gallows than?
Guillotine, firing squad, stoning, drawing and quartering… We’re not picky.
All of the above?
Can you provide a link because there doesn’t seem to be a reliable one.
His own class is going to betray him because he is the dumbest motherfucker alive. Republicans wont give a shit what he does with social policy but when he starts meddling in the economy and big business suffers, when their profits suffer, they get pissed. Conspiracy theory territory: if there is a super high secret gang of open market supporting puppeteers, they probably arent too happy with trump.
His own class is going to betray him because he is the dumbest motherfucker alive.
The billionaires will regret giving him power, because they’re subtly giving up their own levers of influence over him.
When you could buy a politician or an election, you held some sway over those politicians in those seats. When you pay lobbyists who will do the work of writing specific regulations that help you, and then have them try to get those regulations actually enacted, you had influence over how the government could wield power over you.
But the Trump movement has been about consolidation of power in one man, who doesn’t feel constrained by laws, or by other politicians. The billionaires are down to a single tool: trying to pay off one man, who doesn’t keep his word.
The question becomes, at what point does it go from money buying power, versus power buying money? It’s a subtle distinction, but an important one for those who currently have money and who want to derive power from that.
Trump and Elon want to make it so that they can singlehandedly destroy any business that doesn’t bend the knee. At the same time, they want to be able to shape the rules in an arbitrary way to only help those they like, and hurt those they don’t. They’re not quite there yet, and I’d say that the rich still have some power independent of the government. But the plan for those in charge is to consolidate power as quickly as they can, to where that’s no longer true.
There’s a substantial chance that this goes down the same way that scene in The Dark Knight Rises, where the financial backers who enabled Bane’s movement insist that they should still have influence over that movement, once it takes power.
Or if you actually want a historical parallel, the oligarchs who funded the rise of Hitler and the Nazi party, only to find themselves in concentration camps themselves.
Trying to play devil’s advocate to figure out where he could vaguely have support now and I’m coming up empty…
Big business? He’s screwing with their ability to offshore for cheap.
Labor? He’s against workers rights
Military? He’s constantly insulting them and handicapping them and screwing with all the suppliers and contractors too.
Pacifists? He’s simultaneously fomenting violence in Israel with us support while encouraging Russian violence by removing Ukraine support.
Racists? Well he’s certainly got the spirit, but as malicious as he is, in terms of number of people it’s been a token show, and they are such dealing with as many brown people in their day to day lives as before.
People who wanted lower prices? Obviously not helping them on any front.
People who wanted lower taxes? Well that’s not happening even in theory except people well into stuff figures that are losing way more than the tax breaks in other losses due to everything else going on.
I can’t think of a way anything he did improves things in any real way for any domestic interest, bad or good
You kidding? They just have to wait out the storm.
Wait until everything is on fire, loot it all, then oust the conman and sell high.
You can buy a house for cheap when a fire is threatening it, and hope to put out the fire before it gets destroyed. That’s how you can profit from a fire.
But if it’s just buying the ashes, that’s not actually a good investment strategy. The price has dropped because the thing truly did become less valuable.
Too many people can’t seem to see the difference between the first category and the second.
Nah the cultist don’t really care about economy.
Hard to care about something you lack the ability to understand. His core base is the stupid 30 percent. Vance is a good example of them.
deleted by creator
Would be cool if they stood up back when he said he would put tariffs on everything
They are in it for themselves. They aren’t standing up on shit but their wallets.
but Kamala said she was going to tax billionaires! (horrifying)
Also she said something about coconuts or something and we can’t have that…
I don’t think I’m gonna be wrong about this, but I bet that all of the points that were lost in the Dow Jones and the NASDAQ and the S&P 500 index funds will probably be recovered within the next couple of days because companies will remember that in order to keep all their money all they have to do is raise the prices on everything….
Higher prices push down number of units sold… And push buyers outside of the US, to avoid the US products.
A lot of people are maxed out on their credit cards already. A mass CC default isn’t too far off without massive the increases.
I wouldn’t want this for the families, but I would love to see major credit card companies and banks, default and crash
Not because I think it would fix the economy, but because I think they’re stupid for not seeing that high prices, high inflation, tax tariffs and then a lot of borrowing from the public is exactly what happened right before the big crashes in the 1920s 
Lol, don’t be silly, they’ll get bailed out.
Edit: oh and us poors will still owe them them money.
Yeah, but let’s consider what happens:
- Tariff applied
- Prices go up
- Supermarket trolleyfull becomes more expensive
- People have less money to buy other things
- Companies sell less
- Company profits fall
- Stock valuation drops
- GDP falls
That’s why the Dow Jones and S&P are lower - this shrinks company profits and US GDP.
Well, it current. It looks like the Dow is rallying and is recovered almost everything it lost yesterday. …
But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.
We saw how the stock market had nothing to do with the actual economic situation during Covid. While all indicators went down, stocks still went up.
As long as the core principal “US oligarchs get to profit of poorer people in the US and abroad” stays in place, probably the stock values will recover.
But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.
The wealthy don’t use their own money to do anything. They use their capital, to back loans, that they then loan to a corporation they created, in return for monthly fees from the corporation (To pay the loan), plus payment back as a loan.
This protects the person from any risk, as the corporation now has all the risk of repayment, and the individual has no risk in it.
Yes!
But the covid situation is way worse than you think. The government stimulus was really helpful to the poor and middle class, but they spent all that money.
And who profited from that? The asset owners. Covid stimulus essentially was a direct transfer from the government to company owners and house rentals. These rich guys then used it to buy other assets such as more houses, equities and businesses. That’s why the stock market went up - your money went straight into it.
But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.
No. That assumes the US cannot operate on a deficit. It can and will. We don’t “fund” tax cuts unless someone responsible is overseeing the budget.
Not to mention, every billionaire has their money in the market somehow, they don’t have Scrooge McDuck gold piles. Inflation and market losses erode their money just like it erodes ours. Perhaps even more.
We saw how the stock market had nothing to do with the actual economic situation during Covid. While all indicators went down, stocks still went up.
COVID resulted in a marked recession for the global economy, and the US was no exception. But people still had money and spent it regularly, so it didn’t freefall the entire time and at times had rallies. The US stock market is mostly run by a series of competing trading algorithms with tight guardrails these days, for better and for worse. Generally though it does mean that modern nose-dives rarely result in true crashes.
There wasn’t up and downs during Covid. There was a big dip at the beginning followed by a huge increase, lasting well into 2022, despite all the measures, recession and GDP going down. What reduced the index was the increase in interest rates.
The financial markets are strongly detached from the real economy.
Voodoo Donuts > Voodoo economics
I think someone else here said it, but because he keeps making threats, then retracting them, then making them, then retracting them again, I wonder if it’s basically insider trading being done by donvict and his oligarchs.
That was a theory I saw floating on the news yesterday too
Until no one can afford their stuff and drop it. Capitalism is hitting the inevitable point where infinite growth is impossible as it involves making the customers poorer which is not exactly great for business.
the customers poorer which is not exactly great for business.
Yes however have the poors tried not being poor?
Yes, but they keep saying that the only way to do it is by having strong unions, workers’ rights, and are demanding higher pay. Higher pay! Like we’re made of money!
Hell, they probably used this as a time to do some quick stock buybacks on the cheap.
I almost feel like this was the intention. Bring the stocks down so his billionaire buddies can buy up more shares and then wait for the market to come back up. It’s effectively stock market manipulation, but now it’s protected because they can argue it’s an “official act”.
I think what’s happening is that the finance people are finally realizing that the long term implications of this shit are going to be absolutely catastrophic. So sure, there’s probably gonna be a bunch of spikes as HFT farms spike demand. But medium- to long-term, shits fucked.
I lurk on the bogleheads subreddit. Some of the people seem to have a fair bit of money they are trying to save and build with. I’m quite sure more than a few may be multi-millionaires. I’ve seen several threads where they are genuinely concerned about the possible destruction donvict and his dogebags are doing, and are planning.
Things like - completely fucking the bond market for one. Destroying FDIC. Ending the dollar as a worldwide reserve currency.
It honestly is suspicious the lack of drop to a greater extent, almost like they’re taking to DOGE cuts and federal firings and artificially keeping the market up with stock buy backs
Uh, duuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuhhhhh!!
Maybe you should try listening to us peasants for once in your life, Wall Street.
I guess if he pisses off enough rich people, the odds of him getting a visit from the Mario Bros go up significantly.
And in the mean time… anything stronger than alcohol that won’t make me fail a piss test?
Shrooms
Might be a bad idea in a time like this.
Un-fucking-real that it took them this long to figure it out
They somehow still thought there was an adult in the room that would stop the worst if it for them. The plight of the peasants is beneath them; which puppet is presiding over which plot of land is unimportant; but if you threaten their high score (net worth), then they start paying attention.
