US Economy Collapses, Enters Bear Market

The United States has now entered a bear market, which is very bad… The stock market is in full fledged collapse. But Trump made history today! He’s the 1st president since the S&P 500 was created in 1957 to inherit a bull market & turn in a loss of at least 5% at this point in his presidency. And Trump is basking in this honor because he reposted a TikTok today that says he’s intentionally crashing the stock market. The price of oil is falling which may seem great but it’s because investors believe the floor is about to fall out from under the economy… They believe that no one is going to be going anywhere. We saw the exact same thing in 2008 and 2020. Trump raged at Jerome Powell today, demanding the federal reserve lower interest rates. The Fed is essentially in charge of managing interest rates and other monetary policy. And Powell said “no”. He said that Trump’s tariffs will translate into higher inflation and slower economic growth, and that higher inflation could be a permanent feature of America going forward because of them. Economists say that another word for what Powell is describing here is stagflation. It’s really hard to get out of stagflation because not only do a ton of people not have jobs but the prices of things don’t come down to compensate for that because of high inflation. So you’re basically stuck in a permanent downturn and countries lose entire decades to this because you can’t stimulus check your way out of it like you can other recessions. But in worse news - the Nintendo Switch 2 preorders are now indefinitely delayed in the US due to Trump’s tariffs. And Bloomberg said today “the lasting fingerprint of Trump’s tariffs could be bigger than the failure to rapidly contain the fallout after Lehman collapsed” — which if you were not alive then is what made the Great Recession so great. #usa #america #economy