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Dow drops 600 points as confusion grows after U.S. tariffs

46 points by Betelbuddy

by gitbit-org

2 subcomments

I moved my money to Gold and Microsoft when Donald took over. I thought they were safe havens... It's been a bumpy couple of months. :(

by orwin

1 subcomments

It's a few points, but consumers confidence is low and debt is _really_ high, saving rates are excruciatingly low (especially when compared to developing economies).
If I had to bet, US growth should be driven by AI investment, high-earner spending and net exports (a bit like China). Being a net exporter basically mean suppressing workers wages, so that tracks.
If tariffs are stopped all at once without being careful about it, I'm a bit wary of the chain reaction. We might see negative growth for a quarter (temporarily), but since the economy is vibe-based these days, that could end up really bad.

by mullingitover

0 subcomment

I don't think this is about tariffs (or rather, 'loans' which are inevitably going to be forcibly disgorged by the courts).
The crypto market plunged yesterday right as news came out that the OpenAI 'Stargate' project was dead in the water[1]. I think this is a continuation of that crash, and it's the realization that, while everyone was busy partying, the AI bubble hit an iceberg in the North Atlantic.
[1] https://www.tomshardware.com/tech-industry/artificial-intell...

by mark336

2 subcomments

There is no doubt the tarrifs are evil, but another question is why aren't companies eating the tariffs?: https://asiaviewnews.com/gigabots/threads?p=100054

by blitzar

3 subcomments

600 points ... under 1.5% is not a move worthy of any discussion.
Call me at 2,000 points and we can talk.

by burnt-resistor

0 subcomment