Mark down March 3, 2025. That was the day Wall Street finally realized that US President Donald Trump was serious about tariffs. On Monday, the S&P 500 fell nearly 2 percent as Trump confirmed what we at the Atlantic Council predicted in February—that the tariffs on Canada and Mexico were not mere threats, but actually likely to be implemented. The stock markets continued to fall on Tuesday as investors processed the news.
I think what’s happening is that the finance people are finally realizing that the long term implications of this shit are going to be absolutely catastrophic. So sure, there’s probably gonna be a bunch of spikes as HFT farms spike demand. But medium- to long-term, shits fucked.
I lurk on the bogleheads subreddit. Some of the people seem to have a fair bit of money they are trying to save and build with. I’m quite sure more than a few may be multi-millionaires. I’ve seen several threads where they are genuinely concerned about the possible destruction donvict and his dogebags are doing, and are planning.
Things like - completely fucking the bond market for one. Destroying FDIC. Ending the dollar as a worldwide reserve currency.