Shadow of Ezra
@ShadowofEzra
President Trump is doubling down on his global tariff war, making it clear he won’t back off until America’s trade deficit is addressed. “Unless we solve that problem, I’m not going to make a deal.” The markets are reacting fast—S&P 500 futures are down 22%, officially entering bear market territory. Japan’s Nikkei 225 futures were halted entirely after triggering a circuit breaker, while Germany, Australia, and London’s futures have all tumbled sharply. Not a single company in the world now holds a market valuation over $3 trillion.
@Jeffrey Ade. Actually, he has little use for the investers who became rich when companies abandoned US labor and relocated to foreign companies. It was an part of the financialization of America.
Kevrn Phillips was writing about this years sgo.
Love of money is the root of all evil. Trump wants more for himself and his banker cronies!