We are on the Verge of Economic Catastrophe

[Jimmy Higgins]

So I have an investment I'm keeping a close eye on. Then I see it drop suddenly... but relieved as it was in line with the DOW. Wait... WTF?

Oh... Trump... again...

"Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China," Trump wrote on Friday.

"I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so," he added.

"One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America," he said in the post.

 

[southernhybrid]

So I have an investment I'm keeping a close eye on. Then I see it drop suddenly... but relieved as it was in line with the DOW. Wait... WTF?

Oh... Trump... again...

"Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China," Trump wrote on Friday.

"I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so," he added.

"One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America," he said in the post.

Right after he said that, the DOW dropped by 500 points, but no worries, it's only down 495 as of this minute.

 

[SLD]

Down over 1100 as of now. I wonder if this article had anything to do with it.

https://finance.yahoo.com/news/roughly-half-u-states-effectively-141620915.html

So half the country is in a recession basically. California and New York are keeping us afloat but the contagion could spread. Given China’s decision on rare earths it likely will, and significantly. Note the dumb ass response from Trump. “Gee, they’re going to cut us over for me trying to cut them over. I wasn’t expecting that.” Moron.

 

[SLD]

One more additional article.

https://www.politico.com/news/2025/10/10/farmers-economic-anxiety-shutdown-bailouts-trump-00600914?utm_content=topic/u.s.politics

The government shutdown is impacting the economy already and creating a huge wave of uncertainty - especially for farmers, a key republican constituency. The rising health insurance premium letters start arriving this month. It’s going to have a hugely negative impact. Even MTG is on the dem side of that issue. Air traffic delays are also going to hit the economy. Additionally the failure to pay federal workers and the military will likely also create downstream pressure on the economy. I expect Trump will cave on the shut down over the long weekend. He just won’t call it that.