this post was submitted on 05 Apr 2025
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chapotraphouse

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[–] driving_crooner@lemmy.eco.br 45 points 3 months ago* (last edited 3 months ago) (2 children)
[–] Lamprey@hexbear.net 16 points 3 months ago

This is mostly a response to the blanket 10% tariffs. If the actual batshit numbers he proposed go through we'll see something extraordinary in terms of losses

[–] sgtlion@hexbear.net 30 points 3 months ago* (last edited 3 months ago)

L-line go down?!?! Noooooo my fake made up speculatory value. This is so much worse than the actual human harm being caused

[–] Kualdir@feddit.nl 29 points 3 months ago

The worst part is that its just single day shown here, its been going down for a whileeee

[–] SorosFootSoldier@hexbear.net 28 points 3 months ago (3 children)

TIL covid was a worse crash than 2008.

[–] buttwater@hexbear.net 20 points 3 months ago (1 children)

Much quicker recovery though

[–] Tabitha@hexbear.net 13 points 3 months ago

yeah this chart would be a lot better if it had information on recovery.

[–] BelieveRevolt@hexbear.net 19 points 3 months ago (1 children)

The dot-com crash being only slightly worse than Trump's tariffs was surprising to me, that was a big deal at the time.

My personal conspiracy theory is that the dot-com crash is intentionally downplayed because it really doesn't portray capitalists in a good light when they wasted so much money on startups with no viable business model.

[–] MrVilliam@lemm.ee 19 points 3 months ago (1 children)

It's a good thing they don't do that anymore, and the current obsession with AI is founded upon tangible value and provides something that people don't generally hate rather than just being a buzzword cheat code to get investors to fork money over now while people figure out a useful business model application for it later, all because "tech is complicated" so most people don't immediately see the scam that's happening. Man, wouldn't that just be thoroughly embarrassing if the AI gold rush had the same outcome as the dot com gold rush? That's why nVidia was such a winner; they're selling figurative shovels.

Actually, it'd be more embarrassing if it didn't happen, because it would mean that people didn't connect the dots. But people are flat earthers and antivax at an alarmingly increasing rate, so I really couldn't bet on the AI bubble bursting when these pins ain't sharp enough to get it done.

[–] BelieveRevolt@hexbear.net 11 points 3 months ago

First as tragedy…

[–] adultswim_antifa@hexbear.net 13 points 3 months ago

2020 had worse individual days but 2008 was about a year and a half of bad days. Top to bottom in 2008 was a little over 50% decline and top to bottom in 2020 was about 20%.

[–] TankieTanuki@hexbear.net 26 points 3 months ago

A second tariff has hit the stock exchange. second-plane The treats are under attack.

[–] Heikki@lemm.ee 25 points 3 months ago

Crazy that the biggest crash was also of Trumps doing. It's almost like he doesn't know what the hell he is doing and the warning signs were already there. Sadly for the current drop it's a long way to the bottom.

[–] William_Nilliam@hexbear.net 22 points 3 months ago
[–] vegeta1@hexbear.net 20 points 3 months ago

Fiscally responsible conservatives y'all

[–] GrouchyGrouse@hexbear.net 20 points 3 months ago

A lot of high finance stuff is so tenuously connected to reality it might as well be overseen by a shrouded caste of priests and augers but when you scrape all that away there is a material structure under all that. Trump is going cowboy mode on that structure.

[–] adultswim_antifa@hexbear.net 20 points 3 months ago

This is already outdated. April 4, 2025 was -5.97%.

[–] Infamousblt@hexbear.net 19 points 3 months ago (2 children)
[–] anarchoilluminati@hexbear.net 14 points 3 months ago (1 children)

S&P is down 10% after 2 days. Trump did TWO 9/11's on the stock market.

Keep it up, sir!

https://www.cnbc.com/2025/04/03/stock-market-today-live-updates.html

[–] BelieveRevolt@hexbear.net 9 points 3 months ago

How appropriate that the target of 9/11 was a symbol of financial capital.

[–] FnordPrefect@hexbear.net 19 points 3 months ago

angry-place It's not about the money. It's about...sending a message dumpster-fire

[–] DragonBallZinn@hexbear.net 18 points 3 months ago

“Well you see, we can’t save the environment because according to the abacus…the money would be sad!”