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Trump administration 2024-2028

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In the immortal words of Green Day,

Don't wanna be an American idiot
Don't want a nation under the new media
And can you hear the sound of hysteria?
The subliminal mindfuck America

Welcome to a new kind of tension
 
HavokFour said:
As I write this, Taiwan (TAIEX) also has tripped their own right as it opened. This is going to be absolutely catastrophic for the next week(s).

EDIT: And there goes China too.

Meanwhile, at the circus...

Treasury Secretary Scott Bessent says Americans looking to retire aren’t concerned about day-to-day markets, dismisses concerns about a potential recession
Alt: https://archive.ph/ZTM2f
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Hong Kong’s Hang Seng Index is down almost 9% after opening.

European index futures are predicting a 5% drop on open.

A stock market crash that is able to get a weekend’s breather and then keep plummeting is pretty bad.

CNBC’s headline: “Trump says he doesn’t want stocks to go down ‘but sometimes you have to take medicine’”. I’m sure that will reassure brokers and investors leading into the opening bell on Orange Monday.
 
I anticipated this when the markets closed on Friday. I moved out of equities, and now just have to wait for the sell orders to execute tomorrow morning. I might take small hit, but it will pale in comparison to staying in. RRSP is not self managed, but only about 20% is exposed to the markets. Wait and see I guess.
 
ModlrMike said:
I anticipated this when the markets closed on Friday. I moved out of equities, and now just have to wait for the sell orders to execute tomorrow morning. I might take small hit, but it will pale in comparison to staying in. RRSP is not self managed, but only about 20% is exposed to the markets. Wait and see I guess.
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Opening bell tomorrow will be a bloodbath. If we get a circuit breaker from US markets we might see the floor drop from underneath the US economy when Treasuries crater. Oil down, crypto down, precious metals down, Forex crashing, there will be no safe haven this time.

I suppose the 2008 can cannot be kicked down the road any further. Cheap money won't save anyone this time. The only thing that can save the Americans in my opinion is a reversal of the global trade war by the White House.
 
brihard said:
Hong Kong’s Hang Seng Index is down almost 9% after opening.

European index futures are predicting a 5% drop on open.

A stock market crash that is able to get a weekend’s breather and then keep plummeting is pretty bad.

CNBC’s headline: “Trump says he doesn’t want stocks to go down ‘but sometimes you have to take medicine’”. I’m sure that will reassure brokers and investors leading into the opening bell on Orange Monday.


Peoples are on protest here in philly we have 10 plus cleaners at carpet cleaning philadelphia pro but most of them were off today's protest against trump policies.
Hope it all will end soon.
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It’s definitely concerning to see such a significant drop in global markets. When markets are already sensitive, rhetoric like this can fuel uncertainty rather than alleviate it.
 
Maybe this is why he tariffed the penguins?

9780241969694-us.jpg
 
brihard said:
Not sure the Republicans are really endearing themselves to young women in a way that would allow Ivanka to pull much support in that demographic. Young women who aren’t already leaning to Trump probably won’t see anything he does as likely to change that. I think an increasing number of Americans will be seeing the Trump name as irreparably toxic.
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ModlrMike said:
It may not matter if the SAVE act gets passed, as millions of US women are at risk of losing their ability register to vote. Specifically, that the name on your birth document, and your legal ID must be the same. Hence a married woman who took her husband's name, could have a birth certificate that differs from her passport, and she would not be permitted to register to vote.
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83% of women change their last name when they marry: 69 million American women may not have a birth certificate with their legal name on it and would not be able to use their birth certificate to prove citizenship. The SAVE Act does not include proof of name change or marriage certificate as acceptable proof of identity.
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Not a good way to endear themselves with women in 2028.

Young women ( 18 - 29 ), 38% voted for Team Red vs 61% Team Blue in '24.
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So a rumor went around for a few minutes that the tariffs on China would be paused for 90 days, CNBC reported that the WH called it "fake news".

1744037017452.png

Massive swings like this in a day and even in less than an hour are surely a sign of a very stable market, quiet possibly the most beautiful stablest market ever, right?
 
He has now threatened to add an additional 50% on China if they don't remove their counter-tariffs by tomorrow (April 8th). At what point do even the GOP in Congress and the Senate say enough? I think Trump might be panicking with the deadline he gave China, coincidentally all the big ones he announced last week go into effect on the 9th.

apnews.com

Trump threatens more tariffs on China as global markets plunge

President Donald Trump said he was considering additional tariffs on China. His threat came after Beijing retaliated against his announcement of tariffs last week.
apnews.com apnews.com
Alt: https://archive.ph/zB9XI
 
HavokFour said:
He has now threatened to add an additional 50% on China if they don't remove their counter-tariffs by tomorrow (April 8th). At what point do even the GOP in Congress and the Senate say enough? I think Trump might be panicking with the deadline he gave China, coincidentally all the big ones he announced last week go into effect on the 9th.

apnews.com

Trump threatens more tariffs on China as global markets plunge

President Donald Trump said he was considering additional tariffs on China. His threat came after Beijing retaliated against his announcement of tariffs last week.
apnews.com apnews.com
Alt: https://archive.ph/zB9XI
Click to expand...

He’s panicking, and so are the markets. More and more business leaders are coming out very vocally against Trump, and I have to imagine that congressmen and -women are getting screamed at by the prominent people in their districts. Congress could put a stop to this, but that would mean Republican Congress breaking with Trump, and it would take 2/3 of the Senate to break his veto.
 
brihard said:
He’s panicking, and so are the markets. More and more business leaders are coming out very vocally against Trump, and I have to imagine that congressmen and -women are getting screamed at by the prominent people in their districts. Congress could put a stop to this, but that would mean Republican Congress breaking with Trump, and it would take 2/3 of the Senate to break his veto.
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7 Republicans have already come out against tariffs and trump in the senate, just need another 13 or so
 
Trump- “ what would drive down the price of goods, gas, housing, wages, and immigration?”

Answer- “ Stock market crash caused by insensible tariffs followed by a good long, deep recession.”

Trump- “the economy died like a dog”
 
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