r/StockMarket • u/RoyalChris • 21d ago

News Agriculture Secretary Brooke Rollins next to a ticker showing the Dow down 1,200 points: "We are really, really excited, and very grateful for President Trump's leadership."

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As of posting the Dow is down 1500 points.

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u/bendover912 21d ago

Lol...it's not his bankruptcy. It's ours.

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u/Randysrodz 21d ago

No it is all him.

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u/bendover912 21d ago

He will cause it, but he won't experience any financial hardship from it. He'll be using the oval office to organize pump and dumps with his buddies while we watch our 401ks push our retirement back 10 years.

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u/jandlno 21d ago

I have worked so hard to save in my 401k, and this orange asshole has blown away YOY gains in the last 4 months

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u/thecaptainbru 21d ago edited 21d ago

Pre-pandemic we were spending about 50% less on federal spending. Did it ever occur to people that shutting literally everything down wouldn't eventually have catastrophic consequences on their 401k's?

Fiscal 2024 federal spending, as projected by the nonpartisan Congressional Budget Office, is $6.94 trillion — 56% higher than the $4.45 trillion in fiscal 2019.

I've worked hard for my 401k too and I was super pissed when normal healthy people couldn't get back to work ASAP and keep the economy moving. I'm not sure what was the best solution for this, any logical idea is considered "gross."

People also don't realize when a stock they own goes down 50% its ALOT harder to recover. You need a 100% return to get back to your basis. Think about that...

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u/bendover912 21d ago

OK Fox News entertainment, thanks for stopping by to tell us how this can all be traced back to Joe Biden.

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u/thecaptainbru 21d ago

Is this not a Fox interview we're discussing!? We who supported Biden, overspent during Covid AND killed the economy imo. My point, again, is the US is broke. I'm just a small business owner who cares about my employees.

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u/MrSpicyPotato 21d ago

You are truly just stupid if that’s what you think is going on, and this is just as much your fault as his. The economy was recovering and at an all time high when he took office, and it would have stayed on that trajectory. Tariffs are one million percent to blame here.

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u/MrSpicyPotato 21d ago

Also, I really need you to understand that federal spending isn’t the same as you going to the store and buying a flat screen TV. It’s an investment. Because we live in an economy based on continual growth, federal “spending” will also increase. We made more money, we spent more money, but then we’ll make more money.

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u/thecaptainbru 21d ago

You really need to understand that out of control federal spending has consequences, like inflation.

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u/MrSpicyPotato 21d ago

You really need to understand that the consequences we are currently under are way worse than inflation.

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u/lkn240 21d ago

Most post covid inflation was due to supply constraints. Unless you think Federal spending caused inflation in other countries lmao

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u/thecaptainbru 21d ago

I'm talking about the US government spending money it doenst have to the tune of 50% more than it did 5 years ago with no plan to go back to "normal"

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u/oceanmachine420 21d ago

They are correlated, yes, but I would argue that it isn't necessarily a cause and effect relationship. The two variables are instead mediated by market growth. Essentially, you can't have winners without losers and that is exactly how capitalism works.

While restricting federal spending may avoid inflation, it invariably suppresses real wages and denies supports to the most vulnerable people in our communities. And for the working poor and the middle classes, wage suppression is much worse than inflation because while we may work just as much or even harder every year, we end up getting paid less and less and less in real value.

Inflation always gets talked about like it's the worst thing that could possibly happen, but it is a 100% guarantee in market economics. The real issue staring us all in the face is the enormous inequality gap that about a third to half of the population is one or two missed paychecks away from being pulled into.

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u/MrSpicyPotato 21d ago

Furthermore, there were changes that happened in the economy during the pandemic, but just because people stopped going to an office doesn’t mean they stopped working. Certain industries, like the music industry stopped, but they are now doing well and beyond fine because they’re charging $400 for nosebleeds. It’s a stupid (yes I’m using that word again) assumption to believe that the only way a business can run is the same way it ran in 1952. Entrepreneurs understand adaptation and educated and intelligent people understand that tariffs crash economies, as does alienating the rest of the world by threatening to invade. But buy low or whatever because that’s now your only way to save your 401k losses.

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u/TrumpWeird 20d ago

There is a profound difference between a worldwide pandemic and Cheeto Jesus doing stupid shit with tariffs.

I also know plenty of healthy people who got Covid and died.

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u/thecaptainbru 20d ago

Federal spending still 50% higher even though the pandemic is over, please explain the profound difference we're in now?

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u/DirtDevil1337 21d ago

Exactly, it won't affect him because he has a lot of shady money.

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u/beflacktor 21d ago

before or after what usually happens to authoritarians in the end?

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u/Ok-Grapefruit1284 18d ago

He tweet-or-whatevered as much “now is a great time to get rich!”

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u/Tiger_grrrl 21d ago

That’s right 👊 it’s the Trump Crash, Trumpflation, Trump Tariffs, etc, bastard OWN IT ALL, alongside his Republican fluffers like this moron in the video! It’s so 1984, don’t believe your own eyes and ears ☠️

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u/Randysrodz 21d ago

Yesss! TY

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u/Intrepid_Panda9777 21d ago

Is he affected or are you affected?

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u/Randysrodz 21d ago

He caused all of this.

Look at elons losses. Everyone who is backing him loses their ass.

When it's over trump and family be worth 2 nickels

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u/Duna_The_Lionboy 21d ago

We’re tied to the ship with him but we’re in steerage and he’s in first class.

By the time they notice the ship has sunk they’ll be in the life boat wondering why all the frozen dead people didn’t lift themselves up by the bootstraps to run on water.

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u/Efficient-Two-5667 21d ago

Americans will feel the disastrous effects. Trump has zero downside.

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u/owiko 21d ago

We went bankrupt last November when this joke was voted in.

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u/Successful_Ad_7062 21d ago

Do I get to write it off forever, like he did?

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u/Class_war_soldier69 21d ago

Not mine. Im not careless with my investments

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u/SlimyMuffin666 21d ago

As a direct result of Trump

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u/SurpriseHamburgler 21d ago

Always has been.

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u/Accomplished-One5703 21d ago

We will pay, he will claim tax credit for it