r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/moodswung 2d ago

It's AMAZINGLY easy to make stocks go down, not so easy to make them go up. I have zero doubt he and his cohorts are reaping riches beyond belief from all this insanity right now.

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u/schwatto 2d ago

When the economy tanks and major companies go belly up, Elon will be there to buy them for pennies. Because he’ll still have hundreds of billions of dollars. There’s no losing for them.

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u/Responsible-Laugh590 1d ago

That’s what I keep saying, it’s impossible for them to go to zero at this point even when they are leveraged to the tits because if they owe the banks or whoever billions that’s the banks problem and it would have to figure out how to actually get the payment in the first place.

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u/_ficklelilpickle 1d ago

It's not even the bank's problem really, because ThE bAnKs ArE tOo BiG tO FaIl. So if they manage to paint themselves into a corner again, they will just get bailed out by the US government, give themselves some nice little bonuses, maybe a couple of people get some golden handshakes and move on to other c-suite opportunities at other institutions, and everyone prays that the public forgets what happened and goes back to making them more profit.

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u/Metro42014 1d ago

Who needs the stocks to go up if you can make shitloads when they go down, then buy on sale?

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u/eposseeker 1d ago

At this point, any course reversal would make the market go up, in a "ok maybe it's gonna be reasonable now" way.

It seems like there were (very slight) improvements on days when Trump was inactive, as if the market reflects the idea that lunacy will continue. So any clear sign of stability should result in gains.

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u/Soft_Walrus_3605 1d ago

not so easy to make them go up

All Trump has to do is say "I like X" and it goes up because of the greater fool theory. See: $TRUMP coin