Summary
U.S. stocks suffered a historic collapse as Trump’s sweeping tariffs triggered panic over inflation and recession. The Dow fell 2,231 points, the S&P 500 dropped 6%, and the Nasdaq entered a bear market.
Fed Chair Jerome Powell warned the 10% import tariffs and retaliatory moves from China, including a 34% tariff on U.S. goods, will hurt growth and raise prices.
Economists cut U.S. growth forecasts below 1%, projecting households could face $1,900 in added costs.
The sell-off erased $2.7 trillion in value and marked the worst two-day market drop since March 2020.
It’s weird we base so much on a rigged game.
It hurts the most to the ones in this game. And another wave of under the bridge campers.
Just because you can’t win at a game doesn’t mean it’s rigged.
Hey look everybody, I found the temporarily embarrassed billionaire!
Don’t stop believin’, king.
Nope, it being rigged at many levels makes it rigged.
Winning at the cost of what?
At the cost of money. You need some to make some.