US stock market loses $5 trillion in value as Trump plows ahead on tariffs - eviltoast
The benchmark S&P 500 fell 2.7 per cent, its biggest daily drop of the year. Read more at straitstimes.com.

NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.

  • whyalone@lemm.ee
    2·
    23 hours ago

    This means that you have cash now? If so, isn’t it dangerous if hyperinflation comes into play? I am just curious, not trying to blame you for anything

    • LonstedBrowryBased@lemm.eeEnglish
      2·
      21 hours ago

      Whether it’s a crashing stock market or inflation both are going to cause your money to become worthless and both can be fixed with time but with crashing stock market if companies don’t rebound in the end and go out of business during the depression then your money is lost forever. At least with inflation there’s a chance it’ll resolve and you’ll have money again in the end.