Well, I think it's about time we call a spade a spade. Just as there was talk of the Trump pump after his election, in which there was a market rally that he boasted about, and even specifically boasted about bitcoin going over $100K, it is clear that this crash, which is on track to be like 2008 or worse, has only one culprit: Donald Trump.
So, I propose to call this dump the Trump Dump.
It is true that Trump had tariffs on his election agenda, but I think the implementation has been key to the disaster in the markets.
There is a lot at stake here, as he boasted a lot of how the stock market behaved in his first term, and there are a lot of people in the USA exposed to the markets, I speak from memory but I think it is more than half of the population. Many through pension funds.
The problem is that when you cause a market like this you don't know how it's going to end. Maybe there could be a quick recovery that may not recover for the whole legislature.
What do you think?
He is a rich old man, drunk on power, that will never suffer the consequences or experience first hand the vast amount of wealth that has been wiped out for the bottom 80% of society. Maybe it is part of his master plan, along with things like undermining the judiciary and eliminating the department of education, to crush any resistance that might be around when he tries to take on an illegal 3rd term in office. He takes credit for every bit of good news he can squeeze or spin, but blames everyone else when his disaster unfolds in such an obvious way. Markets like stability and predictability, which feed into people keeping jobs and having a reasonable pension to retire on, but the latest moves are going to damage the lives of billions around the world.