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.

  • just_another_person@lemmy.world
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    2 days ago

    No simpler way to bankrupt all the poors and let the billionaires buy up all their land and such to start their “freedom cities” which are actually company towns.

    Gotta make em desperate and give them no choice before you can build Amazonfield, Metacity One, and Teslaville.

    • cronenthal
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      2 days ago

      I don’t think any of this is intentional. There is no secret plan or grand strategy, it’s all as chaotic as it looks.

      • WhatAmLemmy@lemmy.world
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        1 day ago

        There is a plan for the oligarchs financing US politicians.

        Trump doesn’t have a plan, and understand how anything works. Everything he’s ever signed was written by lobbyists and corporate lawyers.

        • AA5B@lemmy.world
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          1 day ago

          Which puts it all back to chaos - I think it’s all individual retrogressives taking advantage to push their own agenda. You end up with dozens of independent half-baked strategies doing all sorts of inconsistent things