Trump Slump Costs Investors $5 Trillion
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Donald Trump’s chaotic governing style and tariff heavy economic policies are playing havoc with the stock market in the US. Trump slump costs investors $5 trillion. What’s next? Trumpflation? Most economists predict that things are only going to get worse for the nation, globally, and for ordinary folk. Those of us with superannuation are already paying the price for those Americans who elected Trump to the presidency via our losses on the stock market. Trump 2.0 and its culture wars are raging through the US. Mass sackings, mass deportations and mass losses on Wall Street.
“The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday’s decline put the index’s market value down to $46.78 trillion.
That makes for a total loss of about $5.28 trillion in about three weeks.”
Trump’s Tariffs Depressing Business & Investor Confidence
The man who claims to be American businesses’ best friend is doing damage to the economy. Trump’s belief in 1930’s style economics is not playing well with the modern market. The US, under Joe Biden, experienced the best financial market period for decades. Trump has reversed this in a correction costing investors $5 trillion, so far. Will the price of the culture wars be in the trillions. Trump’s anti-women, white supremacist, and Anglified attacks on DEI seek to turn the clock back in the US. Demonising civil servants and sacking the watchdogs serve the interests of corruption and kleptocracy.
Trump & Musk Divesting America of Diversity
You can see that Trump and Musk want to reduce America to an economy that favours wealthy oligarchs loyal to the Trump regime. Unchecked companies doing business in deregulated markets. One of the main reasons that Big Tech flipped to Trump was that the Biden administration was coming after their unchecked power. The corporate media in America made no mention of this during the campaign. The US media is riddled with corruption and bought off by big bucks. In a country that constantly criticises others like China for its lack of free speech the game is actually rigged. Voices for alternatives are ignored by the billionaires running the show wherever you go in America. Senator Bernie Sanders is sidelined despite drawing large support from ordinary working Americans.
Elon Musk’s Tesla Sales Backlash
Tesla is seeing a backlash against the actions of Elon Musk within the Trump regime. Many folk in the market for electric vehicles seem to feel betrayed by Musk’s role in getting Donald Trump re-elected. The US President, who backs fossil fuels and reactionary cultural policies, is no natural bedfellow for those backing renewables in the energy sector. Elon Musk is the grandson of Canadian Nazis who emigrated to apartheid South Africa to live the white supremacist dream.
“Elon Musk’s automaker sold 1,592 vehicles in Australia last month, down from 5,665 in February 2024 — a 71% decline, per figures from the Electric Vehicle Council.”
“Looking at Germany, the largest market for EVs in the E.U., the country saw a 30% year-over-year rise in electric vehicle sales in February, but Tesla sales were down more than 70% compared to last year—less than 1,500 new Teslas were registered in the country in February. “
Robert Sudha Hamilton is the author of America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump.
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