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Dow Plunges over 700 Points as Inflation and Tariff Fears Mount
US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump's tariffs could reignite the inflation crisis.
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Corky
Joined 2005/05/24Visited 2025/02/22
Status: user
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US stocks post worst slide in two months on gloomy economic data https://www.ft.com/content/2dfe3eb9-4805-454a-90db-be01c3c23672[image or embed] -- Financial Times (@financialtimes.com) February 21, 2025 at 4:03 PM
US stocks post worst slide in two months on gloomy economic data
https://www.ft.com/content/2dfe3eb9-4805-454a-90db-be01c3c23672[image or embed]
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"The University of Michigan's latest survey, released Friday, showed that US consumer sentiment declined in February for the second consecutive month, according to a final reading, down by a steep 10% from January.
That was double the decline initially reported earlier this month.
The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump's tariffs potentially jacking up prices.
A new CNN poll released Thursday similarly showed pessimism on the rise because of prices:
Nearly two thirds of US adults nationwide, 62%, said they feel Trump isn't doing enough to address inflation. The Michigan survey showed that Americans are now fearful of higher inflation on the horizon."
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Well, well... feeling it yet, Trumpers?
You were warned, but preferred the Kool Aide instead.
#1 | Posted by Corky at 2025-02-21 08:43 PM | Reply
I lost a -------- of money in the markets today. Thanks Trump. -------!
#2 | Posted by moder8 at 2025-02-21 09:14 PM | Reply | Funny: 1 | Newsworthy 1
"I lost a -------- of money in the markets today."
I saved $6,000 today. My holdings actually went up.
I got almost completely out of the markets recently, fearing Trump would be a lousy steward.
#3 | Posted by Danforth at 2025-02-21 09:20 PM | Reply
"The Michigan survey showed that Americans are now fearful of higher inflation on the horizon."
That's only because higher inflation is on the horizon.
Thanks, Trump!
#4 | Posted by Danforth at 2025-02-21 09:21 PM | Reply
Markets like stability and a monkey with a machinegun does not really provide that.
#5 | Posted by REDIAL at 2025-02-21 09:43 PM | Reply | Newsworthy 3
WHOOMP, there it went! (Tag Team: Go Donald)
#6 | Posted by grumpy_too at 2025-02-22 12:48 AM | Reply
whelp we're getting a lesson in a major way a POTUS can affect markets.
Not that MAGA idiots will pay attention anyway. They'll flippantly ask "I thought a President has very little control over the markets?" and ignore the very real and obvious case in front of them of where they can.
#7 | Posted by jpw at 2025-02-22 03:09 AM | Reply
Once I built a railroad, made it run Made it race against time Once I built a rairoad, now it's done Brother can you spare a dime? Once I built a tower to the sun Brick and rivet and lime Once I built a tower, now it's done Brother can you spare a dime? Once in khaki suits Gee, we looked swell Full of that yankee Doodle De Dum Half a million boots went slogging through hell I was the kid with the drum Say don't you remember, they called me Al It was Al all the time Say don't you remember, I'm your pal Brother can you spare a dime?
#8 | Posted by LegallyYourDead at 2025-02-22 10:36 AM | Reply
The demented------------ is going to kill the economy like it's Ivanka's mother.
#9 | Posted by reinheitsgebot at 2025-02-22 03:41 PM | Reply | Newsworthy 1
Is this the post apocalyptic barter page?
I got eggs if anyone needs some.
$10 an egg.
#10 | Posted by donnerboy at 2025-02-23 01:47 PM | Reply
DJIA is now lower than Jan 20 -- when Trump took office. DJIA is now lower than Nov 6 -- when Trump won.
So Much Winning!
#11 | Posted by snoofy at 2025-02-23 02:03 PM | Reply
The stock markets need to feel a little pain?
#12 | Posted by donnerboy at 2025-02-23 02:11 PM | Reply
You ain't seen nothing yet.
We have the March and April jobs reports to look forward to-guaranteed significant increase in unemployment, you can't fire hundreds of thousands of government employees without seeing a major uptick.
We have the coming budget battle in mid-march to look forward to. Republicans with their razor thin majority will not be able to get anything done (if dems are smart-and that is a longshot)
Then we have the debt ceiling.
The future is ugly and self inflicted
#13 | Posted by truthhurts at 2025-02-23 02:23 PM | Reply
Still waiting on the greatest freefall to happen.
Tesla, 1 trillion market cap. Toyota, 278 billion, and nobody is spraying swastikas on camrys.
#14 | Posted by sitzkrieg at 2025-02-23 02:27 PM | Reply
Tariffs? The price for a PS5 Pro just ballooned to $1000 from $700 on the Sony store, according to the neighbor's kid I swap games with occasionally. He's quite despondent, as it effectively prices him out of acquiring one anytime soon, given the daunting challenges this particular enterprising11-year-old faced to earn the $700 in the first place. That's a lot of mowed lawns & yard work, ya' know? Don't feel the squeeze yet? You will...eventually Trump's DOGE wrecking crew will price you out of something you now take for granted. Count on it, you clueless, stone-stick-stupid pilgrims.
#15 | Posted by dutch46 at 2025-02-23 02:30 PM | Reply
"Still waiting on the greatest freefall to happen."
That's a feature, not a bug, of our new "Russian Oligarch Standing Next To A Window" Economy.
#16 | Posted by snoofy at 2025-02-23 02:31 PM | Reply
clueless, stone-stick-stupid pilgrims: As an insult I really like it, but what does it mean?
#17 | Posted by mattm at 2025-02-23 02:36 PM | Reply
#16 | Posted by snoofy at 2025-02-23 02:31 PM | Reply | Flag:
Shame they won't spray paint the other vehicles. Aim for the MagaWagon, completely leave alone The People's Car, the Model 3.
#18 | Posted by sitzkrieg at 2025-02-23 02:40 PM | Reply
and Snoof's back! Elon fire you?
#19 | Posted by sitzkrieg at 2025-02-23 02:42 PM | Reply
"Stone-stick-stupid" was a favored invective my grandfather was prone to utter when faced with dealing with people hopelessly addicted to making poor choices. He was a homicide detecive, by the way.
#20 | Posted by dutch46 at 2025-02-23 02:48 PM | Reply
Elon Musk, who is not a government employee, firing tens of thousands of government employees, has got to be the best
"But it's not a coup!"
moment, and we're only a month in.
#21 | Posted by snoofy at 2025-02-23 02:51 PM | Reply | Newsworthy 1
The future is ugly and self inflicted Posted by truthhurts
Well said.
#22 | Posted by Gal_Tuesday at 2025-02-23 03:10 PM | Reply
Ah, thanks Dutch, the best kind of insult. Thoroughly burn somebody and they walk away oblivious.
#23 | Posted by mattm at 2025-02-23 03:55 PM | Reply
And before any of you Turd baskets pile on, I did not walk away, I asked.
#24 | Posted by mattm at 2025-02-23 03:56 PM | Reply
Stone stick stupid. Sounds like someone that's a knuckle dragger. A lower primate.
#25 | Posted by LauraMohr at 2025-02-23 03:59 PM | Reply
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