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#financial

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“In the last few days, we have had many conversations with macro #fund managers,” wrote Tom Lee, the head of research at the #financial analysis firm FSInsights.

“And their concern is that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology,” Lee continued. “A few have quietly wondered if the President might be #insane.”

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The main casualty in all this is the #US #dollar.

For 80 years, it's been the mainstay of the #financial system & the ultimate of safe havens, along w/ #Treasuries.

But w/investors now doubting the reliability of the #UnitedStates as a #trading partner & fears creeping in about the stability of the #bond market, the dollar is bearing the brunt.

#Trump #economy #inflation #recession #geopolitics #RevengePolitics
reuters.com/world/trump-tariff

The Federal Deposit Insurance Corporation #FDIC is an independent agency created by the #Congress to maintain #stability and public confidence in the nation's #financial system. We have no more independent agencies. #DOGE invaded the #FDIC today and will be applying their atrocious #AI to plunder one of the last remaining secure #bank data and #statistics repositories. “The FDIC is a prudential #regulator, meaning for some banks it is the primary regulator enforcing all the capital requirements"

Jätkatud lõim

After weeks of nervous anticipation in the #financial #markets & in the capitals of America’s #trading partners, #Trump’s “Liberation Day” #tariffs have arrived, &, even by his standards, they are shockingly high & wide-ranging. “For decades our country has been looted, pillaged, raped, & plundered by nations near & far,” Trump said on Wed to a crowd at the WH that included members of #UAW, & also elected #Republicans.

Jätkatud lõim

The decline in March caps off the S&P 500’s worst quarter at the start of a president’s term since President Barack Obama took over in 2009 during the #financial crisis.

The benchmark is now down 8.7% from its mid-February peak, a downturn that is near a 10% “correction,” denting the values of portfolios & retirement funds across both Wall Street & Main Street. The tech-heavy Nasdaq, which has already slipped into a correction, ended the month down 8.2%