The S&P 500 has dropped 7.9% since Inauguration Day, CFRA Research data shows.
  • Moobythegoldensock@lemm.ee
    39·
    23 hours ago

    Up until recently, I always scoffed at presidents running on “the economy” due to the classical wisdom that presidential policies are a small drop in the bucket in the overall economic picture and that the influence they do have typically isn’t felt until after they’ve left office.

    Trump proved me wrong on this one. He’s speedrunning a recession.

    • Catma@lemmy.world
      10·
      22 hours ago

      Have you considered that this is all Biden’s fault?

      We are also speedrunning Germany 1920/1930s right now so a depression followed by massive inflation followed by well you know the rest

      • Damage@feddit.it
        3·
        19 hours ago

        Uhm, well Germany followed with a huge military buildup, while the US… already did that

    • CaptDust
      3·
      22 hours ago

      That’ll happen when Congress abdicates their responsibilities.