Dumbshit Billionaire Impoverishes Other Billionaires...

Pretty sure this moment will remembered as the most consequential blunder in the history of global finance. When Toxc-Fat-Boy-Slim announced his wacky tariff idea, global markets tanked & trillions of $ immediately vanished. 

Today, Monday, April 7, it looks like the global markets will continue to plunge. Funny. This billionaire is impoverishing billionaires and other investors around the globe. It's gonna bite us all in the ass. No doubt.

Why?! Total, gob-smacking stupidity. A complete self-own of idiocy. This is a man who just doesn't understand how international trade works. Funny. But true. You don't have to be a genius to know that slapping tarriffs (taxes) on all the countries of the world is gonna cause havoc, uncertainty, and intiate an ugly trade war with countries that supply us with every kind of product imaginable.

Those of us who have enjoyed living in a consumer paradise are in for a rude awakening. At the same time, finally, finally, finally it is beginning to dawn on everyone that this man is an incompetent, clueless, fool. 

From Lawyers, Guns & Money:  It is slowly dawning on people in denial that Donald Trump really is a huge dumbshit who cannot comprehend the concept of a positive-sum exchange and has his policies implemented by barely post-adolescent incels from the vice president’s group chats:

More pain appears to be in store for markets after their worst week to start a quarter since 2008. Stock futures tumbled out of the gate Sunday night when trading reopened.

Contracts tied to the tech-heavy Nasdaq-100 led the declines, down more than 5%. Bitcoin and oil prices fell, too.

U.S. stocks lost $6.6 trillion in value during a two-day washout after President Trump announced larger tariffs than Wall Street expected and China said it would match the duties on goods it gets from the U.S.

Many traders are betting that further big moves are ahead in stocks. Americans are sitting on more cash with the outlook darkening and recession talk on the rise again. Analysts and portfolio managers are looking for signs that buying the dip is back.

Beyond the ebb and flow of daily trading, investors seeking out possible parallels to the trade war of 2025 are grappling with the lessons of the U.K. decision to leave the European Union.

To recap: Tariffs on just about everything the U.S. imports took effect Saturday and are due to be raised on some countries on Wednesday. U.S. retailers are starting to talk with consumers about what the tariffs could mean for everyone’s wallets.