Friday, November 15, 2024

Stock Market Tanks as Trump Makes Nightmare Cabinet Picks

Donald Trump's controversial picks for his upcoming Cabinet have rattled right past the American public and on to damaging Wall Street.

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But that's not the only impact that Trump's policies are having on the stock market. Now that the initial rush surrounding Trump's pro"big business agenda is quieting down, investors are waking up to the staggering costs of some of his plans.

For the second day in a row, the S&P 500 dropped, with tech stocks at the forefront of the decline, according to Bloomberg.

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"[Trump's plans] will come at the expense of potentially larger budget deficits, potentially larger debt and there is also the inflation dimension," Charles-Henry Monchau, chief investment officer at Banque Syz & Co, told the business publication.

"There's been a realization that there is a price to pay for this."

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"Trump has floated several tariff ideas"including one impossibly high hike on imported goods of between 200 and 2,000 percent"that experts believe would drastically spike inflation.

Businesses across the country have balked at his numbers, arguing that it will be Americans, not foreign countries, who pay the price."

'
Trumpers, Suckers... same thing.

Swing voters are now like, "WTF did we DO!".

#1 | Posted by Corky at 2024-11-15 04:28 PM

larger budget deficits, potentially larger debt and there is also the inflation dimension

That's ridiculous. Elon is going to fix all that. If Lewzer doesn't have him deported first.

#2 | Posted by REDIAL at 2024-11-15 04:31 PM

I wonder if South Africa would take him and his 3 wives and many children and ------ pickups back?

He'd just want to run the Government there... which is the goal of all of this Trump Oligarch Family Matters:

the Government bein run by the Richest Man in the World, and the other Rich Men and Major Corporations who want to own the Gov, as it helps them control the Message Narrative and the People as well.

When money talks, democracy walks. When money is speech saying

www.law.virginia.edu

#3 | Posted by Corky at 2024-11-15 05:10 PM

When money is speech, saying things loudly gets all the attention. The Oligarchs are yelling now.

#4 | Posted by Corky at 2024-11-15 05:13 PM

"tanks"

It's down 1/2 of the Trump got elected stock bump.

#5 | Posted by sitzkrieg at 2024-11-15 05:44 PM

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