March 4, 2025
No one should be suprised. This outcome has been inevitable, but it was preventable. The following note found on ‘The Daily Beans Podcast’ says it all.
I don’t say this lightly. All you have to do is look at the trending data from the U.S. Stock markets. The DOW dropped 680.23 points or 1.55% just today alone, because our president decided to activate tariffs he’s been threatening for the last 6 weeks. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The Nasdaq, which is tied closely to tech-heavy industry, dipped more than 2% at its lowest point and came within striking distance of correction territory, which is a term that refers to an index falling 10% from a recent peak.
So it’s happened. Since March 1st, the trend has been spiraling downward. The State of the Union Address comes tonight, and it will be very eye-opening on how Trump will portray the State of our Union. Before it even happens, I can assure you that his speech will be filled by lies. The Republican Senators will applaud him. The Democratic Senators will stay silent. Has even one Republican Senator helped even just one of their constituents. Find me the proof and I’ll believe it, but there is absolutely no proof that any Republican lawmaker who is following Trump, is helping ANY of their constituents.
Yesterday, the markets were signaling to the American people what was about to happen today. Many Americans have decided to run this out, but what will they have to loose to ride this wave of stock market sell-offs before they realize that it is going to affect them, even though they voted for this president.
Then, it will be too late. The question now is what is it going to take to prevent a further free-fall. It’s normal for the stocks to go up and down. That’s what’s great about our economy. But in the end, they should always go up more than they have been going down, and there is just no indication in the foreseeable future to say that the declines will reverse any time soon.
I know that this report is very glim and bleak, but as they say, “it is what it is.” These are the facts. We are now living a World Wide Trade War in this year of 2025, initiated by Donald Trump himself, for all of his rediculasly foolish reasons. This situation should have never come about, but it has.