Time to reboot Ben Lichtenstein! 


How far down can El Trumpo crash the stock market and the dollar before the Illuminati take matters into their own hands?  His Royal Trumpness of course looks for someone else to blame for the chaos he is creating, now fixating on Jerry Powell. who he himself appointed in his 1st term.  The Trumponator would  like to appoint another syncophantic yes-man who would cut interest rates, which would make the problem worse since the Bond Vigilantes would dump USTs and the Dollar even faster.  The economic chaos which would ensue if the Trumpernutter had unfettered control over the central bank is scary to imagine.  Even without full control, the dollar's status as world reserve currency has its days numbered now.  If the BRICS could get their shit together fast enough and agree on a structure for a common currency now, about nobody would sign a new contract denominated in dollars.

Thursday is May Day.  Look for a Black Thursday selloff.  The only thing that will stop a full on crash this week are market circuit breakers.

Dow slides more than 950 points as Trump rips Fed Chair Powell, reigniting investor worries: Live updates

https://www.cnbc.com/2025/04/20/stock-market-today-live-updates.html

RE

Could the economic newz possibly be any WORSE for the Trumpenator?  He absolutely WILL NOT STOP,ever,  until the economy is DEAD!


lol.

Now, futures market is predicting a Dead Cat bounce for early trading, but with the onslaught of negative numbers, I'll bet by late day trading any gains will be lost.  Still predicting a major sell off for Thursday.

On top of the tariffs,Trumpernutter proposes to charge Chinese flagged tankers a $5M port fee! Does he reallyy think the Chinese can't find another country to sell the oil to?

El Trumpo is the Collapse Gift that keeps on giving.

Dow Headed for Worst April Since 1932 as Investors Send 'No Confidence' Signal

https://www.wsj.com/finance/investing/dow-jones-stocks-worst-april-1932-74fe82ac

RE

Total theater.

A new SEC chairman is named Today. so the Trump team bought on the close yesterday.  MTG probably made another killing playing shorts with inside info.  They cashed out at the end of the day.  They wait for their leader to tell them when he is going to drive the market down next.  Then when it is low, they will short the market again.  This new Trump lackey will make sure the game stays fixed.  Giving him the job brought the market up.

Trump picks crypto backer Paul Atkins as new Securities and Exchange Commission chair.

The source of all value is labor, and crypto has zero labor content.  Crypto is intended for the sole purpose of worship at the church of unearned riches. 

The American people never asked for crypto and I for one think it is a really fucking bad idea.  There is substantial evidence showing that in areas where gambling is legal, young men suffer from gambling-related debt and addictions.

Not everyone has a brain and we should not be creating social institutions that prey on the ignorance of the stupid.  Particularly when the social institution is nothing more than a new way to gamble.  Crypto will contribute nothing but pain to the social corpus.

Crypto serves absolutely no social need.  Zero, nada, nothing.

3521%  HTF did they come up with that number?  This shit is like stories from The Onion or the Harvard Lampoon.        

Not a good week to quit sniffing glue.


US to impose tariffs of up to 3,521% on south-east Asia solar panels

https://www.theguardian.com/business/2025/apr/22/us-huge-tariffs-south-east-asian-solar-panels-energy-summit

RE

In Trumpspeak, it's a "Great, Big, Beautiful Depression".

https://www.cnn.com/2025/04/22/investing/dow-great-depression-sell-america-trade/index.html

We're suddenly talking about the Great Depression when discussing Trump's stock market

RE

From your article.

QuoteThat potentially disastrous combination of slowing growth and rising inflation is difficult to overcome. Although economists don't yet expect anything close to the so-called stagflation of the 1970s, the rapid reordering of global trade dynamics is causing tremendous confusion and unease among consumers, businesses and traders.

High unemployment should keep prices down.  But when 'Make America Great Again' means returning to 1973 via inflation introduced by Trump tariff, we get a shitshow.



Trump Calls Groceries an 'Old-Fashioned' Word During Tariff Speech:    -  It Sort of Says a Bag with Different Things in It

Tariffs are a national sales tax on imported goods.  Trump does this, and at the end of the year he makes tax breaks on the rich permanent.  One tax merely replacing the other, and Trump gives America new regressive taxes.  Nothing else changes, and here is the important thing which is missed.

A national plan to bring manufacturing back to America would be Socialist.  Trump and other republicans would never allow it.  The same people who exported manufacturing are not going to import it. 

All Trump is doing is moving taxes to the lower class so his base will kiss his royal ass.  Any plan to move manufacturing to America would reduce profit.  Trumps base is all about getting as much as they can for themselves.  They are Nazis.

They think their way is the American way.  All you can for yourself, and fuck everyone else.  The not so secret handshake of the rich.