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Politics | Trump tarrifs
Can Trump Grow Back The Economy Like He Did His Ear?
Says tariffs are the ‘medicine’ as markets continue to plummet
Trump came out a few hours ago to say that Americans are going to suffer financially for at least two years while his tariff strategy takes effect, which in many words means that millions of people are about to lose their jobs, lose their homes, and be food insecure because we’re quite literally staring down an economic tsunami that Trump cannot fix on a whim.
We’ve witnessed three straight days of 4% declines in the S&P 500, a phenomenon that hasn’t been seen in over 75 years. The US stock market has dropped an average of $300 billion per day every single day for the last 30 days, putting us in bear market territory, 22% off from previous highs.
On Friday, we saw a record outflow from hedge funds and a record inflow from retail traders — like you and me — meaning all the smart money is getting out, and the dumb money is going in. Multiple international markets have already hit their circuit breaker, meaning their stock markets went down so fast that they had to halt them.
If you thought the job market was bad before, it’s about to get a whole lot worse. If you have a job right now, you better hope that you…
