Progressive Politics

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Stock Market Plummets as Trump Announces New Tariff War (newrepublic.com)

submitted 1 day ago by [email protected] to c/[email protected]

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Donald Trump announced new tariffs will take effect this weekend—sending the stock market crashing.

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[–] [email protected] 3 points 1 day ago

The lies would also happen if it was about the current value of the company.

But that it is about the perceived value or future value is simply a logical consequence: If you assume the company will be much better off in 2 years, you will buy those socks, just like everyone else. So it goes up without the company actually being any better.