3mo ago

Dow tumbles 1200 points as Trump knocks Powell, investors await trade deals: Live updates

www.cnbc.com

Dow slides more than 950 points as Trump rips Fed Chair Powell, reigniting investor worries: Live updates

Edit: now down 1100

Edit 2: 1200

23 comments

I'm having a hard time maintaining my atheism. Trump's continued existence is extremely compelling proof that there is a devil to sell your soul to.
- Don't gain faith. (Is that correct when I'd typically say "don't lose faith"? lol)
  It's just a cult, albeit a big, loud, obnoxious one. Nothing supernatural / biblical about it other than a coincidental resemblance.
  
  Exactly. They are literally out here trying to manufacture the rapture.
- Nah evil just lets you live longer due to the hate. Kissinger was nearly 100.
- The devil clearly bought Mitch Mcconnell's soul and laughed at Trump when he tried to sell his soul.
- Pretty sure the animist essence of money-addiction is doing just fine these days.
- rhymes with lootin'
- Or at least Mammon.
- Haha, and if you look in the diametrically opposite direction, you will find God! And clearly, God will kick the Devil's ass, always has and always will! PS: this coming from an anti-thiest
“Art of the deal”
- I mean, the crashes are intentional, so he is successful in this instance.
Trump claimed that the economy would slow unless Powell — who he referred to as "Mr. Too Late, a major loser" — lowered interest rates immediately.
An amazing statesman.
- Lowering interest rates would cause inflation to get higher. The whole point of increasing interest rates is to slow down inflation.
- I broke this toy just to see if I could, but can you believe this guy hasn't fixed it yet?
Is it time for the biweekly stock crash? I wonder if it'll bounce or plummet next week.
Eventually the pump and dump scheme will have to become unsustainable, wouldn't it?
- We’re already at the post where the rest of the world is sick of this bullshit and is thinking about other trade alliances and alternatives to the dollar as reserve currency.
  That’s not a great sign for growth in the US.
  
  alternatives to the dollar as reserve currency
  What's the one used by like 30 countries in Europe already? Can we use that one for, I dunno, international trade?
Another move to cause a dip to buy in.
Or he's just stupid.
It's like Poe's Law, I can't tell anymore.
- Why not both?
Powell and his team single handedly kept the country out of what would have been the worst depression in our countries history and made Trump look like a somewhat decent president for the economy. (Even though actual numbers show trumps policies were horrible)
This time because Trump is attacking international markets there is nothing Powell can do to bail his ass put like during Covid.
Don't look now...
Got to say, I love the picture with the trader with his stupid Trump bobblehead l. Very apropos.

23 comments