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Yo_Mama_Been_Loggin

(121,904 posts)
Tue Apr 22, 2025, 09:11 PM Tuesday

Congratulations to Trump on Making America Great Depression Again

The Dow Jones Industrial Average is set to have its worst April performance since the Great Depression, The Wall Street Journal reported on Monday, as President Donald Trump's nonsensical and chaotic trade policy is leading investors to pull their money from the stock market.

Trump’s decision to levy a 10% tariff on all imported goods, as well as the punishing tariffs on Chinese imports, has led economists to predict that the U.S. economy will see skyrocketing inflation and ultimately a painful recession that could cost millions of jobs.

“It’s impossible to commit capital to an economy that is unstable and unknowable because of policy structure," Scott Ladner, chief investment officer at Horizon Investments, told the WSJ.

As of the end of business on Monday, the Dow was down more than 13% since Trump took office in January. And 10-year Treasury bond yields are rising as investors no longer believe they are a safe place to park their money—a fact that will make it more expensive for Americans to borrow money for things like home and car purchases.

https://www.dailykos.com/stories/2025/4/22/2317992/-Want-another-Great-Depression-Trump-s-got-you-covered

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