"Following Friday's brief respite, indexes started tumbling again and kept sliding as morning turned to afternoon. The Dow plunged nearly 1,100 points, or 2.5%. American Express (AXP) and Goldman Sachs (GS) were among the worst laggards."
#Musk #Trump #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/17
Mark Mansour asks why Trump doesn't rein Musk in when it's clear many top Republicans including members of Trump's cabinet despise Musk. Mansour answers:
"In a word, Trump can’t rein him in because Putin doesn’t want him reined in."
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/18
"Trump isn’t even pretending anymore. He is bragging about the firings, bragging about his tariffs and admitting that there may be a recession later in the year. By now, many of the idiots who voted him in must be realizing they were badly hoodwinked.
So what happens next? The best guess is that this will continue unabated."
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/19
"Seven weeks after his inauguration, the bottom is falling out. Stocks are plunging. Treasury yields are falling. Consumer confidence is dropping. Inflation is picking up.
Over the weekend, Trump refused to rule out a recession this year, telling Fox News there will be a 'period of transition, because what we’re doing is very big.'”
~ Robert Reich
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/20
"Well, yes, if 'very big' means destroying much of the federal government, allying with Putin against our traditional allies, and putting high tariff walls around America. …
Will the Trump slump turn into a recession? How will Trump lie and cheat his way out of it? Stay tuned."
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/21
""The United States of America is in a free-fall not seen in modern history, and there is absolutely no reason to believe we will ever return to anything resembling respectability, or gain back the trust we lost when a serial-lying, Russia-owned convicted felon was elected" (continued in /23)
~ D. Earl Stephens
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/22
(continued from /22)
"by a collection of selfish bigots, idiots, and trolls who whine they’ve been left behind because they can’t figure out a way to excavate themselves from the mud puddle they gleefully slid into.:
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/23
Civil servant Jennifer Piggott lost her job in February due to Musk-Trump. She voted for Trump three times.
She now says people tell her, "You knew this was coming." She responds,
"But we didn't.
Nobody that I've talked to understood the devastation that having this administration in office would do to our lives."
Really?!
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/24
Jonathan Weiler minces no words:
"The continuing cratering of the Dow, NASDAQ and the S&P 500 flows directly from the lunacy of these first two months of the Trump/Musk regime."
#Musk #Trump #Putin #recession #inflation #authoritarianism #destruction #economy #StockMarket #Dow
/25
https://jonathanweiler.substack.com/p/where-the-rubber-hits-the-road
