OrlysetMar 12, 2025
Robert Reich
The Trump Slump is now https://robertreich.substack.com/p/the-trump-slump-is-now?utm_source=dlvr.it&utm_medium=mastodon
The Trump Slump is now

You can’t take a battering ram to every major institution in America and expect the economy to do well

Robert Reich
Mar 10, 2025 at 5:09pmWeb
Show threadMinisterofimpedimentsMar 10, 2025
@rbreich …see…if true (and it’s not…not yet at least) then you’d see real panic.
In reality the market is sky high…a thousand points is (essentially) nothing. If it dropped a third to a half that’s when things get interesting…not because the market dropped…who cares really?…but because of the impact it would have on business. The reason? Many companies have been papering over mediocre profits by investing…in each other via the market. So when the domino falls it’ll all fall fast.
Show threadMinisterofimpedimentsMar 10, 2025
@rbreich …and the thing is…it’s primed…Trump doesn’t have to be the cause (although it’s the most likely scenario all things considered). It could be a fire, drought, a bank failure, people realizing AI/crypto/crap isn’t really a thing with real value (preaching to the choir here…)…really almost anything. It’s 2008 all over again and has been for about 6 years. It’s just waiting for the ‘right’ match to set it alight.