Business, Economics, and Taxes: Eat Cereal for Dinner

[St. Clown]

Well, knock me over with a feather!

 

[Kepler]

EU to Dump: Drop Dead

European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump's tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds.

Such a move would mean the EU joining China and Canada in imposing retaliatory tariffs on the United States in an early escalation of what some fear will become a global trade war, making goods more expensive for billions of consumers and pushing economies around the world into recession.

 

[Kepler]

Apollo Academy bankruptcy filings as a leading indicator of recession:

 

[MissThundercat]

Futures are down 1500 points tonight.

*Goes back to sipping coffee*

 

[Handyman]

All three indexes are getting crushed...tomorrow might be the worst Monday in quite some time. I wonder what the over/under is for time when they halt trading...

If Mexico joins the EU, China and Canada (they have a deal with Canada so it's likely) Trump might need to go to war just to get things started again. Trump has legit killed US trade. Even his defenders say it could take years to onshore business...and the costs would be astronomical as would the prices.

 

[aparch]

Nikkei down 8+ shortly after open.

We might be headed for a new Black Monday.

 

[Amerzone]

Trump has legit killed US trade. Even his defenders say it could take years to onshore business...and the costs would be astronomical as would the prices.

Trump’s trade moves were always a high-risk play, maybe some long-term goals, but short-term chaos is baked in. Reshoring sounds good on paper, but the cost and time? Not something you fix with a few tweets

 

[ScoobyDoo]

Those companies needed more DEI. Mostly D.

 

[Handyman]

For diversify?

 

[Deutsche Gopher Fan]

Elizabeth N. Saunders (@profsaunders.bsky.social)

“A top Goldman Sachs executive summed up the frustration with Mr. Trump succinctly: Someone has to stop him.” https://www.nytimes.com/2025/04/06/business/stock-market-plunge-investment-bank-impact.html?unlocked_article_code=1.9k4.thee.Qx6AABTI3Kyw

bsky.app

 

[Handyman]

Data Bear 🏳️‍🌈 (@dataandpolitics.bsky.social)

8:30 pm PST. MARKET CRISIS DEEPENING. Hang Seng falls 9.96% while HSI Volatility Index surges 43.63%. Nikkei stabilized at -6.48% after earlier -7.56% drop. What began as Japanese banking stress has become full regional contagion. Asian markets now facing their worst session since March 2020.

bsky.app

Read the thread...it's depressing but breaks down what's happening.

 

[aparch]

Tim Onion (@bencollins.bsky.social)

Back to watching CNBC. "This is not a misprint: Dow futures with an implied drop of -4.5%." Each anchor has the vibe of a guy waking up from a years-long bender on the side of the highway with no phone and an empty bank account. Continues to be better TV than almost any show.

bsky.app

 

[Bronco]

I know someone who is going to spend all day golfing tomorrow.

 

[unofan]

Trump’s trade moves were always a high-risk play, maybe some long-term goals, but short-term chaos is baked in. Reshoring sounds good on paper, but the cost and time? Not something you fix with a few tweets

Gee, a brand new account that gives Trump a hint of respectability. Shocking.

He's not playing 3D chess. He's a fucking moron. Any analysis needs to begin with that understanding.

 

[Jimjamesak]

All of this really confirms the necessity to privatize Social Security…

 

[rufus]

Sounds like a threat. A call to violence toward the president.

DOJ might want to look into that.

Elizabeth N. Saunders (@profsaunders.bsky.social)

“A top Goldman Sachs executive summed up the frustration with Mr. Trump succinctly: Someone has to stop him.” https://www.nytimes.com/2025/04/06/business/stock-market-plunge-investment-bank-impact.html?unlocked_article_code=1.9k4.thee.Qx6AABTI3Kyw

bsky.app

 

[MichVandal]

Tim Onion (@bencollins.bsky.social)

Back to watching CNBC. "This is not a misprint: Dow futures with an implied drop of -4.5%." Each anchor has the vibe of a guy waking up from a years-long bender on the side of the highway with no phone and an empty bank account. Continues to be better TV than almost any show.

bsky.app

You are "someone", Mr Goldman Sachs. You and your buds paid more than enough for congress that you can get them to take back control of government. Do it already.

This isn't rocket science, this is just money influence on politics. You already know how it works. Getting 2/3 on of congress to do something is well within your financial power.

 

[aparch]

You are "someone", Mr Goldman Sachs. You and your buds paid more than enough for congress that you can get them to take back control of government. Do it already.

This isn't rocket science, this is just money influence on politics. You already know how it works. Getting 2/3 on of congress to do something is well within your financial power.

 

[Handyman]

You are "someone", Mr Goldman Sachs. You and your buds paid more than enough for congress that you can get them to take back control of government. Do it already.

This isn't rocket science, this is just money influence on politics. You already know how it works. Getting 2/3 on of congress to do something is well within your financial power.

You quoted the wrong post...

And Goldman doesn't hold the sway it once did. The Tech Bros can and do donate more. You want Cngress to move...get Bezos, Zuck and Tm Cook on board.

 

[Handyman]

Tim Onion (@bencollins.bsky.social)

Back to watching CNBC. "This is not a misprint: Dow futures with an implied drop of -4.5%." Each anchor has the vibe of a guy waking up from a years-long bender on the side of the highway with no phone and an empty bank account. Continues to be better TV than almost any show.

bsky.app

Ben is a fun read now that he owns The Onion!