‘This is the reordering of fair trade,’ Commerce Secretary Howard Lutnick said before the stock market tanked at open
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The best depression, like never seen before. The Greatest Depression. Everyone’s saying it. You know it, everyone knows it.
Very possible. Trump Tariffs are bigger than the Smoot Harley Tariffs that triggered the Great Depression from 1929-1941. What finally got us out of that mess was the greatly increased government spending from WWII. All the historical ingredients are in place for a bigger depression than the Great Depression.
As of right now, the S&P is down 4%, or about $2 trillion in market cap.
