Summary

Fox News openly blamed Donald Trump for Monday’s stock market crash, with the Dow dropping 890 points and the S&P 500 falling 2.7%.

The Dow is now 1,500 points below where it was when Trump took office. Analysts cite his chaotic messaging and steep tariffs on key trading partners as driving investor uncertainty.

Trump refused to predict a recession, calling it a “transition,” while his officials gave conflicting reassurances.

Treasury Secretary Scott Bessent warned of a “detox period,” further fueling market fears.

  • TransplantedSconie@lemm.ee
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    4 days ago

    Last time we had a depression we didn’t have 512 million guns floating around. Gonna be a hot time in the ol town for sure.

    Shotgun shells and canned goods are back on the menu, boys!

    • mean_bean279@lemmy.world
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      4 days ago

      My wife thought I was crazy, she might have been partially right, but during Covid when people stoked up on TP I was stocking up on ammo. I told her I didn’t trust the current admin (Trump) to actually do enough and worried about a devolving system. I feel it even more with Trump 2.0… I’ve been telling all my progressive friends to go to the range and arm themselves. Those guns are floating in the hands of a ton of MAGA-folk and I don’t trust them.