Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks
Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks
U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.
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The Powers That Be aren't going to tolerate this for very long.
Trump is fucking with their money.
Nah. Rich people profit from recessions and other crisis. They have enough money to buy everything and then are even richer afterwards.
That is why everyone lets Trump do whatever he likes.
They have enough money
Their money is in shares and bonds, not cash.
See, that's what you don't understand.
They can never get enough. It's a competition with their peers.
Like a children's game.
I understand that perfectly, they like the crisis situation because they hope to acquire more, and maybe even loose a couple of aspirant mill- or billionaires on the way.
They do see it as a game, and thus big disruptions create great new chances for them to gain even more.
Nope. This is more like The Oligarchs Who Came to Regret Supporting Hitler or, in The Dark Knight Rises, the billionaire who finds that funding Bane's rise to power doesn't actually give him any power, or another business dude learning that working with Bane doesn't even save him from the movement itself.
The billionaires thought they could buy influence and just get the things they want, while stopping Trump from getting what he wants. For whatever reason, Trump is a true believer in tariffs, so that's what giving him power will result in.