Posted inPolitics
Stock market drop shows peril of following a cult leader, Trump
Here in the United States the big news since last Wednesday afternoon, when President Trump unveiled his so-called "reciprocal" tariffs on most countries, has been the precipitous weekly drop in the stock market, almost all of which occurred on the two trading days after Trump's announcement (which occurred after the stock market had closed on Wednesday). The Dow has lost 7.2%, the NASDAQ 7.8%, the S&P 500 7.8%. Stock market futures are down 2.5% to 3.9% at the moment, presaging another steep decline tomorrow, Monday. I've lived through big stock market drops before. Two fairly recent ones come to mind.…
