Dow drops 1,500 points, S&P 500 loses 4% as stock market rout on tariffs worsens
cnbc.comAd/marketing budgets are getting cut massively where I work. If this starts happening across sectors, makes me wonder how the whole ad supported tech/content ecosystem is going to handle it? Ever since Covid these budgets have only gone upward. This is the first time I am seeing a big flip.
Uncertainty means everyone pulling back on spending. We've had uncertainty ("I'm tariffing! Wait maybe not. I'm tariffing! Wait maybe not", repeat several times) for a few months now, we were going to see harm from that in the near future regardless.
Costs actually increasing and trade volume dropping is going to be... even worse.
So is the party over, or is the band just going to take a break? I managed to liquidate much of my (very modest) investments exposed to this sort of thing, couple months ago, and I am wondering what to do with the money in the account.
I'd encourage everyone to go take a look at apnews, cnn, really pick your non-right-wing source website this morning. They're extremely consistent.
Then go look at Fox.
The top story when I checked a minute ago is about Congress resisting the tariffs with a highlighted quote about "disloyalty".
The six stories under that are largely weird culture-war stuff.
It's wild.
You're not kidding. It is linked to on the sixth row of stories. Underneath the row that includes "5 Recipes to Try for Grilled Cheese Month".
To be fair, it’s important that we celebrate grilled cheese month while we can still afford bread and cheese.
... and balanced. No one wants to see all that the world is ending stuff when you can eat grilled cheese...like you said ... for now.
KITE Insta-analysis (Kiel Institute Trade Policy Evaluation) shows US short term projection is:
real output -1.92%
price index +9.16%
exports -24.52%
Trump also didn't raise tariffs against Belarus (Russia's puppet regime).
But I can now call someone a "retard" without getting cancelled, so it was worth it.