April 3, 2025
Right on cue. As predicted, the U.S. stock market has tanked, as Donald J. Trump, a convicted felon destroys the U.S. economy that was once the envy of the world.
As the coward Trump is, he waited until the stock markets closed yesterday when he finally initiated his latest tariffs, this time affecting countries around the world. And yes, he says he doesn’t monitor the stock markets. Just another lie. It is now officially known at the Trump International Trade War. Trump owns it. He cannot blame Biden or Obama. No smart president in his right mind would do such a thing, but Trump is literally sick, and he is now taking the country to a recession and a lower GDP of at least 3%. Before his election, the GDP was expected to grow by at least 3%. When the markets closed yesterday, i.e. the DOW was up by 235 points. Traders were hoping for the best, but knew what was going to come as soon as Trump went forward with his dire plan.
The DOW futures just before market opening in just 10 minutes is down by nearly 1200 points. A total disaster.
Time to pause this report, as the moment of recogning is fast approaching. I’ll continue with this note when the markets actually open in 8 minutes…
9:30AM ET (MARKETS NOW OPEN)
OK, the moment is here. The DOW JONES INDUSTRIAL AVERAGE, known as the DOW, closed yesterday in the green from the previous day of 235 points, up by just .56%. This morning it has now opened in the negative of 1,111.22 points or -2.63% from yesterdays close of 42,225.32. I’ve been predicting this moment for months. It opened today at 41,114.10. That is just a total disaster, completely brought on by Trump, who wants to make sure that Americans feel pain. The economy is weaker and EVERYTHING just got more expensive. So much for Donald Trump promising that the economy will get better and that he would lower prices. Some businesses will be forced to close. At this moment of time, there is the highest unemployement filing in the country since 2021. This disaster all happened in the last 80 days, when Trump became president.
The other markets that Americans follow fell too, and not by just a little. Roughly two hours before the start of trade at 9:30AM ET this morning, futures for the S&P 500 plunged 190 points, or 3.3%, while futures for the Dow Jones Industrrial Average and the tech-heavy Nasdaq composite index sank 3% and 4%, respectively.
I am literally sick about this result from Trumps egregous disregard to the American economy. Countries around the world will reciprocate in their own way with tariffs against the United States of their own. Like I said, literally EVERYTHING has just become more expensive. It’s like jumping off of a cliff. Once you jump, you will continue to fall to your death. This is what is happening to us now.
Donald Trump is a disaster in all things related to the economy. He’s the guy that promised to address the high cost of living, and he stated that costs would go down on DAY 1 of his presidency. That is not happening. Costs are not going down, they are going up. Inflation is going up. No doubt the stock market is colapsing, and what that means is that the retirement savings of every day Americans are disappearing by the hour. It is all because of Donald Trump’s reckless mis-managment of the economy, as he knew full well what was going to happen. Economists predicted it and now these tariffs that he imposed will raise the cost of everything for everyday Americans in many estimates of thousands of dollars per year. Who gets affected the most? Regular people like you and me will feel the ‘pain’, and it’s not going to go away any time soon. Of course rich guys like Trump and Musk could care less because the tariffs don’t affect Trump. They will affect Musk in a way as it will negatively impact his Tesla business but that’s just a drop in a bucket for the richest man in the world.
Trump was supposed to help grow the economy, at least that’s what people voted for him to do when he became president, but instead, he is crashing the economy in real time. Today is NOT liberation day, it’s RECESSION DAY, because that’s where we are headed.
Most people aren’t aware of these things until it affects them. Maybe they will wake up when the cost of gasoline goes through the roof. That’s coming. I haven’t been wrong in the past, and I’m not wrong now. It’s coming.
All we can do now is pray that Trump shows his cowardness once again when he finally drops the tariffs, hoping that other countries will drop theirs. Yes, he says he doesn’t look at the stock exchanges, but I would bet any money that he is now.