this post was submitted on 05 Apr 2025
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Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.

Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.

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[–] pineapplelover@lemm.ee 44 points 1 day ago (4 children)

Go woke go broke? Seems like when you go conservative you get absolutely ripped.

[–] pyre@lemmy.world 22 points 18 hours ago

go fasch lose cash

[–] Snowclone@lemmy.world 21 points 19 hours ago* (last edited 10 hours ago) (2 children)

I know your right in saying people vote like Trump was the conservative, but Harris was really the conservative. Trump was the populist autocratic. thinking the GOP is the conservative party is crazy to me. They haven't been in a long ass time. You want status quo and security for your money and livelyhood? Don't vote for the populist who has ''ideas'' about how the country should REALLY be ran.

That's how you get Pol Pot shutting down food imports because he wanted higher domestic food production, you know BEFORE they could make enough food to feed everyone without the imports. All the other autocrat or populist that instantly rammed a country into the ground also had a cult that made them entirely delusional.

[–] RememberTheApollo_@lemmy.world 16 points 17 hours ago* (last edited 17 hours ago)

That's how you get Pol Pot shutting down food imports because he wanted higher domestic food production, you know BEFORE they could make enough food to feed everyone without the imports.

This really is exactly what trump is doing. He’s slinging tariffs around like that will spur US industries (and as a petty attempt at being a strongman) and farming but giving those industries zero lead time, and on top of that, the tariffs he imposed are going to affect all of the materials and machinery those industries would need to ramp up their production. And on true insulated tyrant fashion he just makes a declaration and then it’s everyone else’s problem to deal with.

Dude’s a fucking idiot.

[–] MellowYellow13@lemmy.world 2 points 12 hours ago

Amen you right. America is so far right wing, thats why any small help for the common worker or man they all scream socialism or communism.

[–] frunch@lemmy.world 18 points 23 hours ago

It was projection once again. It turns out being anti-woke is indeed the path to poverty

[–] Trilobite@lemm.ee 8 points 20 hours ago (1 children)

Come on now a couple billionaires are going to make tons of money

[–] pineapplelover@lemm.ee 1 points 15 hours ago (1 children)

Which billionaire is making money? Look at the stock market and look how much these big companies lost.

[–] AugustWest@lemm.ee 2 points 12 hours ago

Lose 75 out of a 100 billion? Still plenty of money to consolidate failing businesses and buy real estate for cheap.

Can't afford it? Too big to fail, government loans and bailouts.

This has happened before and the wealthy just get more in the end.