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In the end, The Hill lied and Harris was right.
(lemmy.world)
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this post was submitted on 10 Jun 2025
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Trump: ok so stocks went down 50% because of me, but look since then it's up 80% !!!
Maga crowd: Yess, wooow!!!
There are absolutely lots of people that don't understand that down 50% and up 80% means you just lost 10%.
For anyone who’s like me (where math and I are not friends), if you start with $1 and drop 50%, that’s 50¢
Go up 80% from 50¢ and you’re at 90¢
Your original $1 is now worth 90¢.
Yeah, my stocks are almost back to where they were at the beginning of the year, and it's almost 100% due to Trump messing w/ tariffs. I'm not rich or anything, but seeing my retirement savings fluctuate at Trump's whims doesn't feel great.