Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

Post by steveBK123 » Sat, Apr 05, 2025, 1:06 AM UTC

fracus wrote: post #29

lreeves wrote: post #10

You know the craziest thing about watching this as an outsider in Canada is that we as a nation are losing one reliable trading partner (and obviously losing an ally but that's another conversation). Germany - losing a trade partner. Japan? And so on. But the US has lost 180 reliable trading partners. You're already seeing in the first week burgeoning trade alliances between nations who wouldn't have cooperated befor…

Leopards eating a lot of American faces.

Post by bawolff » Sat, Apr 05, 2025, 1:07 AM UTC

some_furry wrote: post #17

csense wrote: post #12

So honest question: A bunch of people who currently own stock are deciding they'd rather have cash instead -- that much is obvious. But what exactly are they doing with the cash? Don't want to hold onto it, everyone says devaluation and inflation is coming. Bitcoin and gold are kinda flat. I expected them to shoot up as uncertainty hedges. What gives?

If I had $1000 in cash, and inflation hits 10%, the purchasing power is equivalent to (1000 / 1.1 = ~$909) in 2026. If I had the same $1000 in stock, and it lost 11% of its value in 2 days, I might worry about it being worth close to $0 by the end of the month.

Post by darksaints » Sat, Apr 05, 2025, 1:07 AM UTC

fulladder wrote: post #5

Not going to comment on the politics, but I'd point out that recession odds on Kalshi are currently 64% and 58% on Polymarket [1,2]. In other words, recession in 2025 is more likely than not -- though far from guaranteed. My thought relevant to HN is that either way this is likely to decimate venture capital and startups, at least in the short run. Venture capital funds come from limited partners like pensions and en…

Post by lenerdenator » Sat, Apr 05, 2025, 1:07 AM UTC

beloch wrote: post #8

This is an inherently political subject, but I would appreciate a dispassionate argument explaining how this could be even remotely good for the U.S.'s economy in a way that is light on MAGA ideology and doesn't simply claim the overwhelming majority of economists are dumb. I'm simply not seeing even a glimmer of a possible upside right now. I see even less possibility of an upside for those of us North of the border…

Post by some_furry » Sat, Apr 05, 2025, 1:08 AM UTC

bawolff wrote: post #33

some_furry wrote: post #17

Earlier quoted context omitted.

If I had $1000 in cash, and inflation hits 10%, the purchasing power is equivalent to (1000 / 1.1 = ~$909) in 2026. If I had the same $1000 in stock, and it lost 11% of its value in 2 days, I might worry about it being worth close to $0 by the end of the month.

If stocks hit $0, you probably have more immediate concerns - like where you are going to get your next meal and if someone is going to shoot you for the contents of your fridge. Stocks could still continue to fall, but they aren't going to slide to zero.