'Trump bump is over': Confidence free falls as voters blame President for market 'chaos' - Raw Story
'Trump bump is over': Confidence free falls as voters blame President for market 'chaos' - Raw Story

'Trump bump is over': Confidence free falls as voters blame President for market 'chaos'

5% is a free fall? They're going to run out of superlatives next month.
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I seem to remember visiting their homepage last year sometime, and every headline was some variation on [Name of politician][aggressive verb][target of ire][reason for the spat], e.g.:
Wait til these idiots try to abolish the FDIC.
People know that banks engage in all sorts of complex, stupid, and risky financial derivatives engineering. The only reason anyone has confidence in the banks is due to FDIC insurance. If they fuck with that, it will trigger a run on every bank in the country. I imagine Congress would step in to stabilize things, but it could be quite hairy for awhile.
Honestly, right now, for those who are able, keeping a decent chunk of cash in your mattress is no longer the game of cranks and weirdos.
I assume you meant stabilize, but given that Congress is controlled by Republican freaks, I'm unsure.
Most people have no idea what FDIC is. They have confidence in banks because "that's where you put money". They have no concept of what their personal bank failing would mean.
If Musk said he was shutting down the FDIC, the vast majority of people wouldn't care until after their bank failed. By then it would be too late.
Another smart idea is moving cash out of the dollar.
It's only your money they're playing with
What should paycheck to paycheck people do (serious question)?
This is extra dumb because the fdic is funded by insurance premiums paid by the banks. It literally costs taxpayers nothing
As someone who does IT audits for banks in Puerto for FDIC audits, this is scary. The banks will embezzle, but they'll also get hacked so we won't know where the money went.
This makes me think twice about having a bank account at all.
It's a very strong swing between two polls in only a few weeks. It is perhaps presumptive to call it a freefall this early, but if the trend continues it certainly would be.
Are you surprised!? It has always been based on feels unless you think (check notes) Telsa is worth $360 per share.
I know, right? If you look at the PE ratio between say, Ford, and Tesla, it's almost comical.
God I love that word
Truly is a great word. Need to use it more.