this post was submitted on 08 Apr 2025
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Summary

Despite Trump's 2024 warnings of a market crash under Biden, the S&P 500 is experiencing its worst start to a presidential term in modern history under him, dropping ~15% since Inauguration Day.

This plunge, largely attributed to Trump's aggressive tariff policies announced post-election ("Liberation Day"), is pushing the market toward bear territory faster than any predecessor since 1957.

The Nasdaq is already in a bear market, and economists increasingly warn the tariffs could trigger a recession impacting widespread stock ownership.

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[–] Fingolfinz@lemmy.world 94 points 2 weeks ago (2 children)

If anyone was expecting anything different then they’re a delusional fuckwit

[–] fluxion@lemmy.world 52 points 2 weeks ago (1 children)

I knew he'd fuck it up, but i really did not expect it to be this quickly. He is the most massive fuck up of a human I've ever seen. Everything he does defies all common sense and reason. And still people follow him to Hell.

[–] Fingolfinz@lemmy.world 12 points 2 weeks ago

I guess I should be a bit lenient cos yeah it has happened swift as fuck, just absolutely horrifying every fucking day and my empathy meter is about to make me explode from all the people this bullshit has hurt. Never, ever forgive magats for this shit.

[–] UltraMagnus0001@lemmy.world 2 points 2 weeks ago

So Trump voters

[–] blattrules@lemmy.world 70 points 2 weeks ago (1 children)

Fitting for the worst president in modern history.

[–] HK65@sopuli.xyz 29 points 2 weeks ago (1 children)
[–] blattrules@lemmy.world 13 points 2 weeks ago (3 children)

Ugh, yeah, that’s true. I’m optimistic that it’ll die with him because I figure no one else could possibly be this shitty, but he’s probably just opening the door for someone who will do more damage.

[–] NABDad@lemmy.world 7 points 2 weeks ago (1 children)

The only way we don't end up with worse is if it ends so badly for him that all the other scumbags-in-waiting decide to pick a different career path.

That seems incredibly unlikely. The only chance to stop it without massive, era-defining pain, suffering, and bloodshed would be a stunning and complete mid-term rout that guaranteed successful impeachment for Trump and Vance as well as the Supreme Court.

[–] blattrules@lemmy.world 2 points 2 weeks ago (1 children)

I only have so many fingers I can cross

[–] NABDad@lemmy.world 2 points 2 weeks ago

Get the toes crossed first.

[–] FenrirIII@lemmy.world 5 points 2 weeks ago (1 children)

President Don Jr. inheriting the fascist crown

[–] blattrules@lemmy.world 4 points 2 weeks ago

Yeah I guess he’d be the next one coming in to rule over whatever is left of the country.

[–] Yeller_king@reddthat.com 4 points 2 weeks ago

I thought that about George W Bush so...

[–] gi1242@lemmy.world 57 points 2 weeks ago (1 children)

support for him is still strong thanks to the propaganda machine. fox news doesn't even mention the stock market drop, but highlights important events such as Monica Lewinsky's return to Hollywoods inner circle and the 50 million saved by DOGE 🙄.

The rich still think the can profit from Trump's policies, and until that changes nothing else will matter

[–] DrFistington@lemmy.world 5 points 2 weeks ago (2 children)

People trust their account balances. You're about to see how quickly retardlicans can turn on their owner. Unless of course they're all dickless cowards...

[–] gi1242@lemmy.world 4 points 2 weeks ago (1 children)

I'll believe it when I see it. trump did so many things that would be career ending for anyone else. he got convicted of 30+ felonies. his university closed for fraud. he is banned from operating charities in NY cause of fraud. he's bankrupted several businesses. not to mention the sexual assault and rape. and his crass behavior.

voters knew all of this. and voted for him anyway 🙄

things may change when the rich lose enough and allow the right wing media to turn against trump. hasn't happened yet.

[–] CharlesDarwin@lemmy.world 2 points 2 weeks ago

What scares me is if/when everyone is furious at these motherfuckers - they are going to need a distraction, and they are going to use every fascist trick in the book to do that. Get ready for more scary B reel of scary dark immigrants in caravans, tales of scary "antifa" attacking upright citizens and cops, "burning cities to the ground", and so we will be told there is no choice but to declare martial law.

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[–] Gork@lemm.ee 36 points 2 weeks ago (1 children)

Can we revert to another save now?

[–] krf@szmer.info 32 points 2 weeks ago

We could, but it was deleted by DOGE to reduce storage costs.

[–] DarkFuture@lemmy.world 33 points 2 weeks ago (4 children)

I'd show conservatives statistical data proving beyond doubt that Republicans are historically bad for our economy, but all I'd get in return are blank stares and drooling. So what's the point?

[–] eurisko@lemmy.ca 9 points 2 weeks ago (1 children)

The time for dialogue is over. The party of 'facts over feelings' have proven to be incapable of proper reasoning.

[–] CharlesDarwin@lemmy.world 3 points 2 weeks ago

They are all vibes, and accuse others of being the emotional ones.

It's nothing but DARVO.

[–] CharlesDarwin@lemmy.world 5 points 2 weeks ago

In this case, it's so very stark, though. Donvict was handed maybe one of the best economies we've seen in a very long time, and he absolutely burned it down.

It was 100% him. And there is no one else to blame and no other cause.

And the Republicans LET HIM DO IT, too.

[–] misteloct@lemmy.world 3 points 2 weeks ago (1 children)

"You're so stupid, do you only look at charts? There's a lot more to it than data, Trump is making decisions you can't even comprehend. You don't understand the greater plan, you can't always be nice to other countries, we can't bail out Canada and Ukraine if we want to be great." Probably that from the "smarter" ones, blank stares and drooling from most.

[–] KinglyWeevil@lemmy.dbzer0.com 3 points 2 weeks ago

Vibes based political outcomes by people who only believe what they're told

[–] Lexam@lemmy.world 21 points 2 weeks ago (3 children)

I luurve how they cherry pick this. Yeah modern history sure, but what about ancient history!?

[–] IrateAnteater@sh.itjust.works 10 points 2 weeks ago (1 children)

You forgot your /s. People seem to be thinking you are serious.

[–] Lexam@lemmy.world 9 points 2 weeks ago (2 children)

I trust people on Lemmy to get the sarcasm more than I would on other forums.

[–] scintilla@lemm.ee 6 points 2 weeks ago (1 children)

Sarcasm really does not translate when there are people literally saying and meaning that loosing money is not a problem.

[–] kibiz0r@midwest.social 5 points 2 weeks ago
[–] OlPatchy2Eyes@slrpnk.net 2 points 2 weeks ago

Where on Earth did you get that idea

[–] WanderingThoughts@europe.pub 4 points 2 weeks ago

Idiots with bone spurs didn't make it through the first challenge for leadership.

[–] rebelsimile@sh.itjust.works 2 points 2 weeks ago (1 children)

You’re going to earn “world’s fucking stupidest people who’ve ever existed” pretty soon, be patient. Give your boy another week.

[–] Lexam@lemmy.world 6 points 2 weeks ago (4 children)

Ok so one guy on Lemmy needs the /s !

[–] EmpathicVagrant@lemmy.world 5 points 2 weeks ago

It’s a percentage, some folks can’t tell or are not paying attention/watching for sarcasm.

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[–] iAvicenna@lemmy.world 16 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

Erdoğan did very similar things, went completely opposite to known economic theories all the while claiming he is an economist. he kept reassuring people that he was freeing Turkey from economic abuse of other countries and that things would be great in a couple years. Now go check the turkish lira to the dollar exchange rate for the last five years. Add on top of the fact that we virtually import everything (including seeds, manure, petrol etc) needed for production of basic essential goods, you can guess how bad the Turkish people are getting it.

[–] ripcord@lemmy.world 12 points 2 weeks ago (1 children)

What worries me most is that it - and other bullshit - didn't result in his removal or overthrow. People are just taking it.

[–] misteloct@lemmy.world 3 points 2 weeks ago

Misinformation is one helluva drug.

[–] CharlesDarwin@lemmy.world 2 points 2 weeks ago

We have Peter Navarro, er "Ron Vara" and donvict playing America's version of economic Lysenkoists...it will take longer for the likes of Bobby Brainworm's Lysenkoism to start killing more Americans than donvict did during Covid.

[–] obvs@lemmy.world 15 points 2 weeks ago (1 children)
[–] Parptarf@lemm.ee 7 points 2 weeks ago

That band has some bangers

[–] DrFistington@lemmy.world 14 points 2 weeks ago (1 children)

Makes sense. He's the worst president, no surprise he tanked the best markets we've had in a while

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[–] Treczoks@lemmy.world 10 points 2 weeks ago

Don't worry, it will get worse. You haven't seen half of it yet.

[–] CharlesDarwin@lemmy.world 4 points 2 weeks ago

Thanks Peter Navarro, oops, I mean "Ron Vara".

[–] ripcord@lemmy.world 2 points 2 weeks ago (1 children)

This factual reporting is just the latest proof that CNN are lying liars that fake news!

[–] misteloct@lemmy.world 2 points 2 weeks ago* (last edited 2 weeks ago)

They are pretty conservative now though. It sounds liberal but they slip misinformation and doubt in to make everyone more moderate. Plus sensational claims that lend credibility to right wing critique. That shit works like a charm on my parents, they'll say "we hate Trump. But you have to admit Joe Biden wasn't fit for office, he had classic early dementia... Kamala just didn't seem experienced enough". They voted Democrat but there's more doubt and misinformation now, they're smart people too ☹️

[–] eurisko@lemmy.ca 1 points 2 weeks ago

Skeletonized me (waiting for any kind of impeachment or counter power):

[–] pepperprepper@lemmy.world 1 points 2 weeks ago

By design, bubble would pop at some point, no all the money from his grifts, meme coin, djt, gold card... etc will be used to by larger parts of public companies ensuring his power and wealth will last.

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