Hey Tom Petty! So the Orange Nostradumbass, who predicts we will be sooooo much richer and better off per his strategies, knocked a cool 10 trillion off the stock market. Trying to see the big payoff here folks. Of course, he is doing this on purpose. Several reasons. One, he wants the world to come begging on his doorstep. Two, this will be a good way for the middle and lower class to lose any wealth they had, and the oligarchs can buy for dirt cheap and assume more power. And he just imposed an additional 104% tariff on China.

https://english.elpais.com/economy-and-business/2025-04-08/the-tariff-bomb-wipes-out-10-trillion-in-stock-market-value-half-of-the-eus-entire-gdp.html

The tariff bomb wipes out $10 trillion in stock market value, half of the EU’s entire GDP
Big tech companies lead the losses, with €1.5 trillion cumulatively shed since Thursday from the Magnificent Seven’s market capitalization

Madrid - APR 08, 2025 - 04:21 EDT


The destruction of value caused by Donald Trump’s tariffs is historic in the equity markets. The loss of market capitalization worldwide has reached $10 trillion (€9.2 trillion), according to Bloomberg. That is a figure equivalent to just over half of the GDP of the European Union. For part of Monday’s session, the S&P 500 index, the benchmark for the U.S. stock market, accumulated three consecutive drops of 4% for the first time since the Great Depression. The session-by-session collapse was also the largest since the Black Monday crisis of 1987, surpassing the losses recorded during the outbreak of the Covid pandemic (13% in three sessions), the bankruptcy of Lehman Brothers (13.9%), or the losses of 1998 (11.7%). In 1987, the U.S. stock market plummeted 26% over the course of three days.

While stocks have felt the impact globally, value destruction operates on a different scale in the United States. The so-called Magnificent Seven (Apple, Google, Nvidia, Meta, Amazon, Microsoft and Tesla) are the global companies that have lost the most stock market value, totaling €1.5 trillion since Thursday. The leaders of five of these businesses attended Trump’s inauguration: the top executives of Amazon (Jeff Bezos), Google (Sundar Pichai), Meta (Mark Zuckerberg), Apple (Tim Cook), and, of course, Tesla (Elon Musk). These five companies have incurred losses of €1.26 trillion in three days due to Trump’s tariff policy.

Apple leads the list, with losses of more than half a trillion dollars. Nvidia comes next with $385 billion, followed by Amazon, with $262 billion, ahead of the rest of the Magnificent Seven. Tesla has lost the least value, but that is because it is the least valuable of the group. Apple’s value drop has been very large in percentage terms (16.8%) and in absolute value, as it is directly impacted by the tariffs; analysts expect sharp price increases for its devices, which are manufactured entirely in Asia. In contrast, Meta and Google, which are both software-focused companies, have lost less than half that amount in relative terms. “This sudden volatility comes after a long period of calm in the stock market,” according to the wealth management group Mirabaud, “which makes the recent sell-off even more striking.” According to this asset manager, private investors have abandoned technology, and hedge funds have followed suit.

Coming behind the Magnificent Seven in terms of stock market losses is the leading non-U.S. stock, the Saudi state oil company Aramco, which lost €126 billion, albeit only 8% in value. Then come the giants of the traditional U.S. economy: JP Morgan, Eli Lilly, Berkshire Hathaway, Visa, Exxon Mobil, Walmart, Bank of America... Icons of the great America championed by Trump, who have nevertheless suffered firsthand from the president’s attempts to reverse globalization and have hemorrhaged more than €50 billion in three days. UBS analysts have remarked that the spike in volatility is fundamental and could be long-lasting: “This won’t suddenly fade away unless we start to see signs that the U.S. might not enter a recession or tariffs begin to ease.”

European companies are typically smaller than American ones, which is why their market capitalization losses have also been more modest. So far, the European stocks that have lost the most market capitalization are British companies: HSBC and Shell, followed by Siemens (Germany), LVMH (France), Total (France), and SAP (Germany). Companies from Denmark (Novo Nordisk), Ireland (Accenture), and the Netherlands (ASML) are also on the list of the biggest losers. Other companies include some from China (Alibaba), Japan (Toyota and Mitsubishi), Taiwan (TSMC), which lost €78 billion in value in just one session (last week was partly a holiday in the country), and Samsung, with €35 billion in three days.

Without trade negotiations or concessions on the horizon, the market seems headed for more jitters and instability, a scenario with an end-of-an-era feel that is being echoed in investment banking reports. “Investors must now confront the possibility that Pax Americana (American peace, in Latin), an era of relative stability and global order under the influence of the United States after World War II, is coming to an end,” reported Muzinich & Co., an investment firm whose CEO was Undersecretary of the Treasury in Trump’s first term.

Yes, I am concerned, and thinking of warning my organisation that we may need to suspend some programs.

The problem is not so much the tariffs. The global share market collapsed for one reason - global recession probability. But that's not just due to tariffs. The primary cause is chaos. Global investment has pulled out due to unpredictability, and any reversal of tariffs won't change that. The world has realised that the US, which has been the political and financial pillar of security since WWII, has stepped away from that role. This creates a power vacuum, and history has always known what happens with a vacuum. Also, the US is significantly weakened - all its institutions, especially security institutions, are fractured, and the levels of anger within US population are at an all-time high, so it's society is also fractured: national will is broken. This is good news to US power rivals, and their time has come.

The rest for the world is having to rethink all international alignments, and that will take time. So again, a geo-political vacuum. Then we have to factor in Climate Change - witness the waves of excessive storms sweeping the US in the past months. We are now over 1.5 degrees rise in global temperatures.

Yeah I saw he put a 10% tariff on Aussie, and they had NONE on the US.

He thinks by bringing the world to its knees he can negotiate and they will bribe him. However, what is happening is all the allies and others are forming new alliances without us. Yes, integrity matters. Word must be bond. And his turning on even Zelensky, and pandering to Russia not only makes us look weak, it makes folks not trust us like before. Getting this relationship back, when he is gone, is gonna be hella hard, maybe even impossible.

He is used to beating down his opponents to get his way. He was successful with the GOP, but only because he had a strong base of supporters. He doesn't have a strong base of supporters outside this country. EVERYONE hates him, except maybe some folks in Israel. He has flowered this up royal. The only hope for America is a resistance, which is forming. But then per the protestors, I think he is on the verge of declaring Martial Law to deal with that one.

So let's due the math. I was listening to the Deluded Melon on the airplane last night. He said tariffs will be good for the economy, and we will gain 1 trillion over a year. (from Americans you stupid twat).

BUT, just in two days, according to this report, the stock market has lost 5.1 trillion dollars.

So, let's do some math here. I am no economic expert, mind you. But I have spent two decades doing billing issues. You issue tariffs, which cause a mad sell off, and we are not done. They are selling now, and Wednesday should be a big hit. This could go to a 7 or 8 trillion loss, the way it is going. But you gain 1 trillion back in a year from tariffs, which also inflict economic pain, make everything unaffordable?

Do you see the problem with this here?

The scoop:


https://www.youtube.com/watch?v=0DbeR-vi7Pw

Good assessment. But can it actually go on? Is the opposition to this self-destructive insanity so insipid? The US is home to a considerably powerful demographic of intelligent and well-resourced people who are deeply patriotic to the foundational ethos of America, for all it's failings and hypocrisy - nothing is perfect, but there is vast wealth of idealistic aspiration in the US which I doubt will simply roll over quietly.

I know I should have gone today, but the protests all  over the country were massive today, and this is just the beginning. I cannot see the American people rolling over. I have a sneaky suspicion the next move is martial law. I hate to say that. But I see protests growing. There was an announcement, another one for April 19th. And I have seen rumors of Martial law April 20th. I have a strong feeling, he may go this road. We may very  well have a Tiananmen Square showdown in the US very soon.

Good assessment. But can it actually go on? Is the opposition to this self-destructive insanity so insipid? The US is home to a considerably powerful demographic of intelligent and well-resourced people who are deeply patriotic to the foundational ethos of America, for all it's failings and hypocrisy - nothing is perfect, but there is vast wealth of idealistic aspiration in the US which I doubt will simply roll over quietly.