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Trump administration 2024-2028

It's a $4 tn (so far) Trump Dump...

US stock market loses $4 trillion in value as Trump plows ahead on tariffs​



Wall Street ends sharply lower as recession fears loom

  • S&P 500 down over 8% from Feb 19 all-time high
  • Nasdaq confirmed 10% correction from its Dec peak last week
  • S&P 500 P/E moderates but still high vs historical average
  • Delta Air Lines cuts forecast on growing economic uncertainty
  • Tesla loses more than $125 bln in value in one day
President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda.

A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China.




He’s playing the market. He can’t really be as stupid as he is acting, and I am sure he’s profiting like a Robber Baron while everyone else in America takes it in the ass as their retirements evaporate.

He’s probably investing today in the Defense Companies as he knows that Putin isn’t going to accept the 30 day ceasefire arrangement, and with US support back on the demand will pop back up.
 
He’s playing the market. He can’t really be as stupid as he is acting, and I am sure he’s profiting like a Robber Baron while everyone else in America takes it in the ass as their retirements evaporate.

He’s probably investing today in the Defense Companies as he knows that Putin isn’t going to accept the 30 day ceasefire arrangement, and with US support back on the demand will pop back up.
Are You Sure Season 7 GIF by The Office
 
He’s playing the market. He can’t really be as stupid as he is acting, and I am sure he’s profiting like a Robber Baron while everyone else in America takes it in the ass as their retirements evaporate.

He’s probably investing today in the Defense Companies as he knows that Putin isn’t going to accept the 30 day ceasefire arrangement, and with US support back on the demand will pop back up.
Buy low

Sell high

Think About It GIF by Identity
 
He’s playing the market. He can’t really be as stupid as he is acting, and I am sure he’s profiting like a Robber Baron while everyone else in America takes it in the ass as their retirements evaporate.

He’s probably investing today in the Defense Companies as he knows that Putin isn’t going to accept the 30 day ceasefire arrangement, and with US support back on the demand will pop back up.
I think he is the simple tool being used by those who bought him to benefit from the market, and in return, like a good dog, he gets table scraps.

What we are seeing here is an M&A play by the ultra rich who are now indulging in asset stripping...who exactly do you think will buy all of those federal properties that are about to hit the market?

As for Musk, he is busy acquiring the greatest asset of all...data.
 
Tariff whiplash... that will likely be the word of the year for 2025

Trump Administration Live Updates: Doubled Tariff on Canadian Metals Abruptly Called Off​

Where Things Stand​

  • Tariff whiplash, again: Hours after President Trump said he would impose extra heavy tariffs on Canadian steel and aluminum, the White House reversed course because of a concession from across the border. Both sides backed down after Ontario’s premier, Doug Ford, suspended a surcharge on the province’s electricity exports to Michigan, Minnesota and New York. Instead, Canada will face the same 25 percent tariff as other nations starting on Wednesday. The two countries plan to discuss a “renewed U.S.M.C.A.,” the trade agreement between Canada, Mexico and the United States. Read more ›
  • Federal cuts: Trump administration officials are planning to fire nearly half of the staff at the Education Department, according to two people familiar with the decision. An announcement could come as soon as Tuesday and would gut the agency. The cuts could portend an effort by the administration to dismantle the department, as the president has said he wants to do, though it cannot be closed without Congress’s approval. Read more ›
  • Ukraine military aid: The United States said it would immediately lift the pause on intelligence sharing and restart military assistance to Ukraine, after a meeting in Saudi Arabia between Secretary of State Marco Rubio and officials from Kyiv. Ukrainian officials backed the Trump administration’s proposal for a 30-day cease-fire with Russia and the United States and Ukraine agreed to conclude “as soon as possible” a deal to develop Ukraine’s mineral resources. Read more ›
  • Spending bill: The House passed a bill to avert a government shutdown at the end of the week by approving a temporary funding measure that would largely extend current spending levels through the end of the fiscal year. The move sent the measure to the Senate, where Republicans would need Democratic support to overcome a filibuster and get it to Mr. Trump’s desk before Friday’s deadline.
 
I guess it’s fair to say cutting the Department of Education in half absolutely checks out for a Trump-led administration… Another Project 2025 box getting ticked.

Just imagine all of the many great minds and scientists being laid off in all the various government departments. What a windfall that could be if Canada made an effort to offer a home to some of the best of the best.
 
Just imagine all of the many great minds and scientists being laid off in all the various government departments. What a windfall that could be if Canada made an effort to offer a home to some of the best of the best.

Except that we already have about 100,000 civil servants too many thanks to the Trudeau years...
 
Totally normal behavior here. Using an executive order to direct the agents of the state to attack a law firm that worked for an opponent.

Rule of law is highly overrated, apparently.


A temporary response from the judiciary.


And a report that includes a few snippets of Judge Howell's comments. I look forward to seeing the judge's written order.

Law360 (March 12, 2025, 5:07 PM EDT) -- A D.C. federal court halted enforcement of the Trump administration's executive order targeting law firm Perkins Coie LLP over its representation of Hillary Clinton during her 2016 presidential run Wednesday, calling the order "viewpoint discrimination, plain and simple" and telling a government attorney that his arguments sent "chills" down her spine.

U.S. District Judge Beryl Howell temporarily restrained enforcement of the executive order just 24 hours after the law firm filed its complaint, with the judge saying that it violated the firm's right to free speech, association and due process, and warning that it would have "a chilling harm of blizzard proportions" on the legal profession if it were allowed to stand any longer.

Judge Howell called the executive order – which calls on federal agencies to terminate contracts with the firm's clients, deny access to federal buildings for the firm's employees and suspend security clearances for all of the firm's employees – an "instance of President Trump using taxpayer dollars" and legal resources to pursue a "personal vendetta." She said it was equivalent to a bill of attainder – a declaration of guilt without due process historically used by British monarchs.

"Advancing such political payback is not something in which the government has a compelling interest," Howell said.


The law firm brought its suit and request for a temporary restraining order Tuesday, claiming that it was already losing longtime clients and having meetings with federal employees cancelled as a result of the order.
 
From December before the start of the Trumpster fire shyte show.
In another news, he's appointed an anti-vaxxer doctor as head of the CDC, which is awesome news as vaccine preventable diseases like measles are making a come back.

Hopefully, this signals that there are some saner heads in the Senate.

White House withdraws CDC director nomination​

The White House has withdrawn the nomination of Dave Weldon to lead the Centers for Disease Control and Prevention (CDC).

The Senate Health, Education, Labor and Pensions Committee announced it has canceled Weldon’s nomination hearing, originally set for 10 a.m. EDT Thursday, following the withdrawal.
Weldon, a former Republican congressman from Florida, was to be the first CDC director subject to the confirmation process.

No reason has been given for the decision to withdraw the nomination, but Weldon has come under scrutiny for his longtime promotion of anti-vaccine views.
Sen. Patty Murray (D-Wash.) described a private meeting she had with Weldon ahead of his scheduled hearing, where he made it clear he thinks vaccines are linked to autism, and that the CDC’s childhood vaccine schedule was exposing kids to dangerous levels of mercury.

“A vaccine skeptic who spent years spreading lies about safe and proven vaccines should never have even been under consideration to lead the foremost agency charged with protecting public health,” Murray said in a statement following the withdrawal. “While I have little to no confidence in the Trump administration to do so, they should immediately nominate someone for this position who at bare minimum believes in basic science and will help lead CDC’s important work to monitor and prevent deadly outbreaks.”
The move represents a rare setback for the Trump administration, which has been able to wrangle Congress to confirm every Cabinet nominee to date, even the most controversial picks.

During his time in Congress and in the years since he left in 2009, Weldon has raised questions about the safety of vaccines and their potential links to autism, a claim that has been debunked by numerous studies. He introduced legislation to remove the vaccine safety office from CDC and led the charge to ban the preservative thimerosal from vaccines over autism concerns.
Weldon has maintained a friendship with Health and Human Services Secretary Robert F. Kennedy Jr., another longtime vaccine skeptic, for decades and is closely aligned with his views. Public health experts feared the damage Weldon could do were he to be put in charge of making vaccine policy at the CDC.

Weldon’s hearing was set to take place amid a worsening measles outbreak in Texas, Oklahoma and New Mexico, which have killed two people and infected more than 250.
 
Dow Jones on its consistent fall towards the 52W low…its lost 12% in the last month, or a 145% annualized loss…oof!

IMG_5992.jpeg
 
Must make all those Americans facing retirement happy watching their 401K and Roth IRA decrease in value.
 
A federal judge has ruled thousands of recent firings of probationary federal employees illegal, and has ordered the government to offer to rehire them. Affected are departments of Veterans Affairs, Agriculture, Defence, Energy, Interior and Treasury.


This will be a minor but important test of the administration’s compliance with court orders, as it obligates them to specifically do something.
 
Must make all those Americans facing retirement happy watching their 401K and Roth IRA decrease in value.

Not just Americans. :cry: I had been looking ahead at the US funds in my RRSPs to regain value before I hit the mandatory age to convert to a RRIF. With that date rapidly approaching, I'm torn between "ha, ha" to them and "oh fuck" to me.
 
I think it's also interesting to look at world markets (one month change):

DOW: -8.95%
NASDAQ Composite: - 13.36%
NYSE: -6.65%

TSX/S&P Composite: -5.46%
S&P: -9.81%

FTSE: -2.53%
DAX: - 0.20%
HANG SENG: +7.56

Some consumer confidence stocks (one month change):
Amazon: -16.51%
COSTCO: -17.21%
Walmart: -19.88%
Home Depot: -15.85%
Target: -18.79%
 
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