Economics

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Trump's tariffs make no sense, and will backfire hard on the US economy (youtu.be)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 2 weeks ago (1 children)

The S&P 500 has lost more than 10% in just the last two days. It seems like capital agrees.

[–] [email protected] 3 points 2 weeks ago* (last edited 2 weeks ago)

Yes, the stock market is nothing more than a reflection of the confidence of capital, and for now they seem fairly skeptical of this gambit. But i wouldn't put too much stock in...well, stocks. If they can "lose" that much in a few days then they can "gain" it back in a few days too, because ultimately all of it is fake. The real material consequences will take some time to manifest.