US stock market loses $5 trillion in value as Trump plows ahead on tariffs
US stock market loses $5 trillion in value as Trump plows ahead on tariffs
The benchmark S&P 500 fell 2.7 per cent, its biggest daily drop of the year. Read more at straitstimes.com.
NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.
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How close are we to global market crashes and bank runs?
once the FDIC is gutted, we're on our own with the banks.
Hmm. I need a plan for after they kill FDIC.
Lemme know if you think of one. Cash? Gold? Land?
I'm about ready to bury some gold. I was laughing at the gold buying people a year ago, then I read that JP Morgan Chase was taking their FIRST planeload of gold ($4 billion) to put in the vault in NYC. Last month this happened. Other banks are doing the same.
Probably land.