All three major U.S. stock indexes dropped sharply in Monday morning trading, with investors worried about the uncertainty of tariffs imposed by President Donald Trump on key trading partners and then his refusal to rule out the possibility of a U.S. recession in the coming months.
deleted by creator
First thing they do is fire workers. Ease back on the Pffft, there bud.
Do you know how many average Americans depend on the stock market for retirement? A lot of people will be fucked, not just corps and billionaires. As always, they (the billionaires) will be the most insulated from this.
Unless you’re retiring soon this won’t really be an issue as the eventual rebound will cancel out the losses and any contributions you make in a down market are worth more than in a booming market. For those retiring soon, your money shouldn’t be in stocks as they’re too volatile.
And for anyone who things this is a permanent collapse, if that’s the case then your retirement is worthless regardless of where you have it stored.
Rich people can actually make money on a crashing market, especially a crash that was EXTREMELY predictable by anyone who isn’t sucking on Trump’s dick. So this will just further increase the rich/poor gap.