In what he called "Liberation Day", Donald Trump imposed heavy tariffs on countries around the world, falsely claiming they were "reciprocal". In reality, th...
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.
The S&P 500 has lost more than 10% in just the last two days. It seems like capital agrees.
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.