#TheCrashOf2025 #Fiasco Note that whatever one thinks of R's "tax cuts for the rich," their macro effects have already been substantially nullified by these wealth effects -- due in large part to the careening incompetence, towering arrogance + competitive zealotry of Trumputin's "team"
#TheCrashOf2025 Market cap, NASDQ+NYSE+ OTCQX (11/12/24): US$62.2 tr. As of 4/16/25: US$52 trillion, a book loss of US$10 tr., only US$2.8 tr. which is due to declines in the so-called #Mag7. This will have enormous wealth effects on consumption + saving, even apart from direct tariff impacts
#TheCrashOf2025 #TrumputinHoover Given all these neg factors, as well as the accelerating net mass displacements of white-collar workers (legal, accounting, SW engineers, customer care, radiology, etc) by AI, this will be another rough few yrs for the masses (5/5) #ThankYouDonald
#TheCrashOf2025 "Inversions" predict recessions w a lead time of 6 to 24 months, w a median of 12 mos.Here the lag will be short: (1)world economy shocks (2) retal. tariffs (3) exp. inflation has now bumped up to +4%, due to tariffs - so Fed's hands are tied. (4)budget cuts.(3/n) #ThankYouDonald
#TheCrashOf2025 "Inversions" -- where %yields on 3-month T bills exceeds yield on 10-yr T bonds -- have correctly predicted 10 of the last 10 US recessions. Friday's 10 yr T Bond yield was 3.89%, vs 3 month Tbill's 4.155%. (2/n) #ThankYouDonald
#TheCrashOf2025. @JPMorgan: "1st WSt bank forecasting US recession in QIII-QIV 25 due to Trump's tariffs." 1/25: IMF + World Bank already predictted a "slowdown" in global growth, to 2.7-3.3% in 2025-26. But that was b4 the #TrumputinHoover insanity (1/n)
finance.yahoo.com/news/jpmorga...
#TheCrashOf2025 El-Arian: "You've wiped out $4tr of mkt value...because these mkts are rational (unlike Trump): they now expect a global recession." www.tiktok.com/t/ZP8jLoeyG/
#TheCrashOf2025 A very clear explanation of why the #TrumputinTariffs are as completely wacked as he is. For this nonsense #Trumputin has just ravaged the world economy. I predict he'll be impeached; his tax bill is DOA www.tiktok.com/t/ZP8jdtAkF/
#TheCrashOf2025 #Trumputin's #s for other countries' "tariffs" are complete rubbish. The whole basis for today's market crash were made-up #s. Ladies+ gentleman
-- in addition to all else, we have "elected" the most incompetent President in US history www.tiktok.com/t/ZP8jdSSvC/
#TheCrashOf2025 More financial wealth has been destroyed since 1/21/25 then #Trumputin's entire planned tax cut. He's a menace to his own followers, as well as to the rest of us. finance.yahoo.com/news/trump-t...