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Wall Street stocks tumble as investors fret over US economic slowdown

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Re: Wall Street stocks tumble as investors fret over US economic slowdown

#51

Post by mmastrac »

voidhorse wrote: post #7

This 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 wouldn't be surprised if there's an inner circle buy/sell club around the tariff announcements. There's no economic sense to pushing them hard and then hitting the brakes so much unless you are actively looking to manipulate things.

The on/off tariffs are just as bad as imposing them for market confidence (if not worse).

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#53

Post by JumpCrisscross »

billy99k wrote: post #42
laidoffamazon wrote: post #16

Earlier quoted context omitted.

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.

https://www.politico.com/news/magazine/2025/02/11/democrats-... I will leave this here. I wish I could pin it. It's also very disingenuous to proclaim that the economy is 'terrible' and blame someone that's been in office for 2 months. I'm not just going to assume ignorance on this topic, since HN seemingly has more intelligent people commenting here, but economic changes don't happen this quickly and are a direct re…

There was absolutely a cost-of-living crisis under Biden. Those didn’t show up in core inflation, but there were obvious in total inflation, and the party line of it being transient—which I bought at the time—was wrong.

> disingenuous to proclaim that the economy is 'terrible' and blame someone that's been in office for 2 months

He’s enacted massive tax increases and trade disruptions by fiat. You can see the stock market crash when he speaks.

Biden and Democrats overstimulated the economy in ‘22. Trump is trashing it in 2 months. If you have doubts, listen to him, Musk and Bessent on whether their policies will cause recession.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#54

Post by iamtheworstdev »

voidhorse wrote: post #7

This 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.

It's intentional. Anyone thinking otherwise hasn't been listening to Treasury Sec Bissent talk these last two months. The goal to lower prices is to "increase supply and lower demand," and yes that's a direct quote. You don't lower demand by asking people to stop buying things. You lower demand by reducing people's ability to buy things.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#55

Post by wahern »

adrr wrote: post #21
belter wrote: post #2

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.

Such a curious dance. About 5 years ago the headline was, "President Donald Trump has signed a law that will impose sanctions on any firm that helps Russia's state-owned gas company, Gazprom, finish [Nord Stream 2]." https://www.bbc.com/news/world-europe-50875935 Of course, Trump isn't the only one to do an about-face. In 2019, Germany supported Nord Stream 2, but now opposes Russian gas imports.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#56

Post by bongodongobob »

JKCalhoun wrote: post #36
cyberlurker wrote: post #19

Earlier quoted context omitted.

We’ve been waiting for Congress to respond for weeks. I wouldn’t hold your breath.

With talk of a anticipated 10% to 20% drop in the markets, their silence could be ruinous.

NASDAQ is already down 11.5% in the last month.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#57

Post by ethbr1 »

Trasmatta wrote: post #35
jghn wrote: post #24

Earlier quoted context omitted.

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.

He's still in the honeymoon period for approval ratings. Even given that, he's barely above water.

He did get elected at 49.9% of the popular vote... so there's not exactly a lot of natural approval margin in there for him.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#58

Post by mmastrac »

__loam wrote: post #37
softwaredoug wrote: post #14

After the election I know Canadian and colleagues from other countries thought of moving to US for an easier time building a business. Curious if anyone from the founder / small business crowd has had this feeling and either is still interested/happy with such a move? Or regretting it? IIRC Culturally it was said by many that the US is much better that EU / Canada for building a business as US rewards ambition. While…

If the economy crashes I hope we can put a stake through the heart of the obsession with founders.

The American economy is a giant magnet right now -- after the inevitable crash I think that innovation would be a lot more distributed and that'll be a good thing.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#59

Post by boo-ga-ga »

BenFranklin100 wrote: post #22

Tesla 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.

But he continues doing what he started. Considering the fact that he is very smart and definitely hungry for absolute power, you can think about his true goal. If he is ready to risk that much of his worth, it means that the potential win for him will bring so much more.

Re: Wall Street stocks tumble as investors fret over US economic slowdown

#60

Post by gsanderson »

philk10 wrote: post #41
mempko wrote: post #18

Earlier quoted context omitted.

It's simple incompetence. The whole lot are economically illiterate. Musk is out there talking about the US going bankrupt. Trump is saying other countries will pay for the tariffs. It's mind numbing. This is why you can't have business people running a country. A country is not like a business or a household.

or have people that played business people on TV shows...

This. He was playing a character. People think it was a documentary.
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