Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.
Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.
Trump is golfing while a man he admits is innocent is in an El Salvador prison
I’m 41 years old, I’ll be 42 in a few weeks, I’m getting really tired of living through these “once in a lifetime events” every 24-48hrs.
Total sidebar: You should re-read The Hitchhiker’s Guide to the Galaxy when you turn 42!
That’s what I did. Now I’ll never forget the last time I read the series.
I’ll have to do that thanks.
As a 45yo, I agree.
Yeppp. Also makes me really distrust mainstream economists, because somehow these crashes always come as a surprise.
Like what we’re doing is not working. We need to try something else
You assume that educated people are making the final decision, when that has not been the case in at least 60 years.
Economists can scream from the roof-tops that the wealth-gap is harmful (they have), that ignoring science is regressive (they have), and that tariffs are fucking stupid (they have). But if the people in power (i.e CEO, Lobbyists, President) simply ignore them and do stupid shit anyway, it’s all pointless.
Moral of the story, this is not on the economists. This is on the stupid being in positions of power and the ignorant masses not holding them accountable.
What tells you that this isn’t working? Seems to be working as intended. You mis-assumed that this administration gives a flying fuck about anyone worth less than $1 billion.
I meant for melol
Mainstream economists have been predicting this for nearly a year. It’s a surprise to almost no one.
Oh i guess that’s true. I’m not sure what my point was. I guess political/party economists? But maybe they’re not informed by actual economists.
It seems like there is a disconnect between what I hear politicians talking about vis what the journals say
Trump doesn’t have a team of reputable economists guiding his policies.
He’s just making decisions based on the vibe.
What does this have to do with any economist? Are they supposed to be able to predict a cheeto imposing absurd global tarriffs? “Once in a lifetime” is just an expression the media likes to use.
Sorry I topic drifted a bit. I wasn’t actually thinking of that. I was under the impression that things were going very poorly even before tariffs.
You can’t really use past market events as a reference for anything happening now. The global system is completely different and changing very fast. The longer term implications here are that the U.S. Govt has been out of money for a while and there is a ton of upcoming debt to issue. Part of the response to this is to fund the Govt using tariffs, and begin shrinking the deficit by using the economic problems and the total debt to justify it. They are trying to avoid a debt crisis where there is more debt being issued than buyers. The problem is that this time, with other options existing for capital than Treasuries, which given the circumstances, the old idea that people run to Govt debt when the markets crash for safety just might not hold up this time. The end result is that they haven’t solved anything, and in fact made the upcoming debt crisis much worse. What’s more is that the old reserve currency dollar system being replaced will accelerate now as trade is forced to route around the U.S. There are so many second order effects here too, all of this will kick off a justification to privatize everything and have the private sector jump in to save and replace Govt functions. What they have wanted to do all along anyway, and given the current political climate will mirror the oligarchs taking over Govt functions after the collapse of the USSR. This is just more of a controlled demolition.
Sorry for the wall of text. Also, a bretton woods style agreement will be necessary, it’s just that there is no single world power strong enough to enforce one. The futures for Monday look pretty bad too, and there are so many unresolved problems since 2008 that could blow up one after another once all the liquidity is removed and there is no one willing to purchase all the upcoming debt.
The debt issue is greatly over exaggerated. The US as a whole owns over 300 trillion in assets and trillions more in untouched resources. The US isn’t broke and it isn’t poor. It only feels poor because
- our capitalist system is nearly the worst possible system for distributing resources where they actually need to go and
- Capitalists use their resources to corrupt and bend our government to their will which results in car centric urban sprawl that is 5x less resource efficient.
For example, if we built public transit and walkable cities we could make transit completely free and it would cost far less than subsidizing car dependency. But we can’t do that nation wide because it would devalue the car industry, the asphalt industry, rubber industry, and the oil industry. Under capitalism, the profits of the 0.1% always take priority over what benefits the 99%
Its liberation day!
The US stock market has been liberated of 11 trillion dollars and counting.
What a party, what a party.
Amazing how every time the Republicans get majority control of things the markets go to shit. The faster they work to dismantle what democratic control of something exists the faster it falls apart.
Just wait until the markets open on Monday…
I wonder if they’ll pause the markets.
It’s a rule hard baked into the NYSE that trading is paused for at least 15 minutes if it drops 7% in a single day. It is paused again for at least 15 minutes if it drops 13%, and then trading is ended for the day if it drops 20%.
Has 20% drop ever occurred?
No. The 7% breaker went off 4 separate times in March 2020, though.
Wow, $11 trillion is a lot. Really puts the $36 trillion sitting liquid in offshore tax havens into perspective (yet seems to be missing from every conversation about money.)
The problem is that it is legal (in a gray legal sort of way), and the people in power only lose if they fix it. So we can only talk about it.
Perhaps it’s high time to go beyond talking about it.
Such as?
Lets hope this leads to Republicans loosing for 60 years like last time :3
We’re entering Once in a Lifetime Recession #5. Buckle up folks. The feds up shits creek and has been since COVID, so no cash bailouts are coming anytime soon. This should be a fun one!
Turns out a lifetime is only about 20 years.
Try 8. We’re getting closer to “a few weeks” now.
I expect Musk to become the first trillionaire from all of this. Thing is, that trillion will be worth $100 Euros or any other form of currency that isn’t attached to America.
May the money pit that Musk stands on, suck him in like a bog.
Trillionaires already exist. They’re just all in Zimbabwe.
Are we winning yet?
Nope, but someone believes there’s a plan 🤔
https://unherd.com/2025/02/why-trumps-tariffs-are-a-masterplan/
That’s a lot of words to say Americans should expect a rapid decline in their standards of living so we can drive down the price of our own labor due to people being desperate.
Is this the red wave?
Oh no, billionaires losing unrealized gains, what a shame
Let’s flip the fuck out about it
Or regular people all losing money they had invested
I have parents who are near retirement who voted for trump. Only my dad works and has to support my mom. This upcoming weekend, I’m gonna ask him how his portfolio is looking. If his vote is paying off.
There’s more people who don’t have investments than there are that do. That includes 401k. Welcome to the poor people’s club.
50% of the country has a 401k and like 40% has an IRA… They are not worth much, that is the point the poor people can’t afford to get more poor, the rich people can. they’ve realized theres nothing else their money can buy so their happy to destroy the world out of boredom. And you cheer them on.
Source that’s not so heavily “invested” in the answer perhaps? I can’t read this ad-ridden garage.
Is it enough to stay that most Americans stocks are the smallest of their saving vehicles? Most people have the bulk of value in their home not their 401k.
Correct. Which makes sense when you consider home prices have gone up alot in the last 20 years, and an unaware investors portfolio is probably being slowly bled off by covering the mortgage of that house every time we go into a recession which is basically on a 2 year cycle now.
So yes you are right, and you are so smart and a very good boi. But you are missing the bigger picture of American wealth distribution. Missing out on how jobs are tied to the market, income is needed for investment and selling investments when you lose your job and they are down 50% just shoots most of the country into poverty.
Surprise its the great depression!
I’m not good and not a boi/boy/guy/whatever, but thanks I guess.
I was more interested in getting to the fact that everyday American don’t rely on the stock market directly. If you are hurting directly in this downturn, you needed to have less volatile investments to begin with. Americans do have some small direct market investments but they are dwarfed compared to their other stores of value and to the quantity of money in the market from non-consumer level individuals.
Dude how many of the 49% of USA citizens who can’t even handle a 1k USD emergency spend have stocks or options
How many of the 120 million people who have feared for years that they won’t get to enjoy their social security have stocks or options
Because that’s the regular people
Are you even reading yourself
Well over 49% of usa Americans make enough to save a thousand dollars . Many are just that bad at managing money. Part of why pensions are important over 401ks.
buddy 401k contributions come out of your paycheck. you can’t equate one with the other. Most people usually check the box to take taxes and contributions out of their paycheck and don’t consider their retirement account emergency savings.
the point your missing is it often is. and it usually equates to to stock market losses. So stock market crashes are when the rich make the poor poorer.
Yet here you poors go cheering on everyones grandma to starve to death. Far left and far right horseshoe death cult assemble.
Go woke go broke? Seems like when you go conservative you get absolutely ripped.
go fasch lose cash
A bunch of wallets just got the bigot spigot
I know your right in saying people vote like Trump was the conservative, but Harris was really the conservative. Trump was the populist autocratic. thinking the GOP is the conservative party is crazy to me. They haven’t been in a long ass time. You want status quo and security for your money and livelyhood? Don’t vote for the populist who has ‘‘ideas’’ about how the country should REALLY be ran.
That’s how you get Pol Pot shutting down food imports because he wanted higher domestic food production, you know BEFORE they could make enough food to feed everyone without the imports. All the other autocrat or populist that instantly rammed a country into the ground also had a cult that made them entirely delusional.
That’s how you get Pol Pot shutting down food imports because he wanted higher domestic food production, you know BEFORE they could make enough food to feed everyone without the imports.
This really is exactly what trump is doing. He’s slinging tariffs around like that will spur US industries (and as a petty attempt at being a strongman) and farming but giving those industries zero lead time, and on top of that, the tariffs he imposed are going to affect all of the materials and machinery those industries would need to ramp up their production. And on true insulated tyrant fashion he just makes a declaration and then it’s everyone else’s problem to deal with.
Dude’s a fucking idiot.
To be selfish at this time, if I had 40k sitting in cash, do I have a chance to make good on this? Or are things too unstable to invest as just a dumb guy with some cash?
