The Russian Ruble is up 3%. (No joke) https://www.google.com/finance/quote/RUB-USD
Trump says he wants to start Nord Stream pipeline which means Europe will buy less American natural gas and replace it with Russian natural gas.
Wall Street stocks tumble as investors fret over US economic slowdown
21–30 of 287 posts
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#22Tesla stock has been particularly hammered. Ontario apparently cancelled a Starlink contract and Italy is considering to do so as well. Musk’s political antics are affecting his businesses.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#23This administration is either intentionally performing market manipulation or is simply incompetent. Either way, we all lose. Hope the general populous is happy with their choice, lol.
[flagged]
> last administration wasn't much better..lol. Lots of layoffs and a general down turn of the economy
San Francisco tech saw layoffs. The rest of the economy saw job growth every single month [1] and real GDP growth every quarter except Q1 ‘22 [2]. To the extent there was a fly in the ointment it was a cost-of-living crisis, and Trump seems intent on driving that into overdrive with his tax increases. (Pronounced tariffs in MAGAland.)
[1] https://data.bls.gov/timeseries/ces0000000001?output_view=ne...
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#24Remember, this is the president that won largely because of people's dissatisfaction with inflation, and his promises to "fix" the economy. Instead, he's decided to wage a pointless trade war that nobody asked for, and came out yesterday essentially saying he's totally okay with a recession coming out of it. The only thing more absurd is the fact that some people didn't see this coming. He signalled everything that h…
You're not wrong. And yet he's polling well. And as long as people poll surface level questions like "do you like that he's cutting things?" he gets general support.
Drill into specific topics item by item and it's a bleaker picture however. But that's how these things always go, like the ACA for instance.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#25Remember, this is the president that won largely because of people's dissatisfaction with inflation, and his promises to "fix" the economy. Instead, he's decided to wage a pointless trade war that nobody asked for, and came out yesterday essentially saying he's totally okay with a recession coming out of it. The only thing more absurd is the fact that some people didn't see this coming. He signalled everything that h…
This analysis is lacking. People didn't vote for Trump because they analyzed his proposed economic policies and decided they would improve their situation. Almost nobody votes like that. There's general financial anxiety in the US, and he promised to fix it. What methods he proposed using are almost irrelevant, it's the rhetoric around them that sways voters.
The narrative is now one of temporary hardship to excise the supposed rot of the system that is the root cause of the aforementioned anxiety. Pointing out that inflation is bad has no persuasive power over someone bought in on that narrative.
The only way to sway general support away from this self-destructive administration is to offer another path towards alleviating the problems that voters face in their lives. The time when you could run on promises of competent administration alone has passed.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#26Re: Wall Street stocks tumble as investors fret over US economic slowdown
#27This administration is either intentionally performing market manipulation or is simply incompetent. Either way, we all lose. Hope the general populous is happy with their choice, lol.
[flagged]
You do realize the layoffs in the tech sector were because of Trump's tax cuts right? There was a provision that kicked in 2022 that made engineers more expensive. Companies could no longer expense engineers the way they did before and had to amortize their cost over 5 years. Startups were especially hit hard with higher tax bills.
This is why politics matters folks. Always read the fine print.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#28This administration is either intentionally performing market manipulation or is simply incompetent. Either way, we all lose. Hope the general populous is happy with their choice, lol.
I suspect it's incompetent market manipulation.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#29Earlier quoted context omitted.
[flagged]
No, it was much better. Growth was solid for the entire tenure. Unemployment reached 50 year lows and prime age employment hit 25 year highs.
That’s all true, but there was high inflation and temporarily high gas prices caused in part by the War in Ukraine and OPEC cutting production.
The difference is obviously these were not self inflicted like whatever the Trump administration is doing.
Re: Wall Street stocks tumble as investors fret over US economic slowdown
#30This administration is either intentionally performing market manipulation or is simply incompetent. Either way, we all lose. Hope the general populous is happy with their choice, lol.
I don't know — depending on if it gets bad enough, last time we got a New Deal out of it.
After millions died of starvation