"Where do Elon Musk’s business interests end and Donald Trump’s political interests begin? Trick question—they’re one and the same. ...

Trump reading off a literal list of Tesla retail prices is the purest distillation yet of a dynamic that won’t end well."

~ Brian Barrett

#Musk #Trump #Putin #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts #Tesla
/10

https://www.wired.com/story/elon-musk-donald-trump-doge-congress-takeover/

"Musk and his backers, Putin and Xi, desire nothing less than a total reconfiguration of American power."

~ Dave Troy

#Musk #Trump #Putin #Xi #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/9

https://america2.news/to-survive-this-we-must-break-the-fourth-wall/

"His top economic officials have embraced 'liquidationism,' the view that the economy needs to go through a period of suffering (“detox”) to compensate for previous excesses. Shades of Herbert Hoover! ...

Trump won the election because a number of people believed, wrongly, that he would do great things for the economy. It has taken him less than two months to squander all that undeserved trust."

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/8

"Once Trump actually took office, he quickly revealed who he was, and always has been. Investors and CEOs had somehow managed to convince themselves that Trump wouldn’t follow through on his threats of trade war. In fact, he’s imposed tariffs higher than anything he suggested during the campaign — then un-imposed, re-imposed, and re-un-imposed them. His erratic behavior may be doing as much damage as the tariffs themselves."

~ Paul Krugman

#Trump #tariffs #economy
/7

https://paulkrugman.substack.com/p/everybody-hates-elon

"Kai Ryssdal of the radio show Marketplace posted: 'I'm honestly running out of words I can use on the air to describe what's happening in and to this economy.' ...

It is an astonishing thing to watch a single man hamstring the United States economy. It is also astonishing to watch Republican senators try to convince the American people that a falling stock market and contracting economy is a good thing."

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/6

"A market correction is a period of rapid change that drops the value of stocks by at least 10%.

Other major indexes have also fallen into correction as President Donald Trump’s tariffs and tariff threats, along with dramatic cuts to federal funding and federal employment, are hobbling the national economy. The Dow Jones Industrial Average fell 537 points, or 1.3%, and the Nasdaq Composite fell 2%."

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/5

"Stocks fell again today.

The S&P 500, which tracks the stock performance of 500 of the biggest companies that are listed on U.S. stock exchanges and is the world’s most widely followed stock market benchmark, dropped 77.78 points, or 1.39%, ending the day more than 10% off its record high of less than a month ago and entering into 'correction' territory."

~ Heather Cox Richardson

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/4

https://heathercoxrichardson.substack.com/p/march-13-2025

"The technology-focused Nasdaq Composite also closed in correction last Thursday, while the Dow is over 9% down from its peak in December."

#Musk #Trump #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/2

@Doug_Bostrom

That is pretty interesting. "But the #dollar is a fiat currency, which means that its value does not depend on the backing of any assets the government owns."

To be more accurate, it would say "any specific asset", like gold, in proportionate reserves to certificates issued. That's the simplistic, reductionist version they want (but without good reason other than Glory Days nostalgia & contrarianism).

It's best to say "the value depends on all the assets a Gov owns." AKA, the #economy, production, resources, taxes, etc.

Also, the fact that nation-states do not exist in a vacuum, so all currencies compete for value based on the exchanges between countries as well.

@dannotdaniel I’m with you and it’s the #economy…
-employees #probationary are coming back for 45 days, emboldened, not chastened.
-empty seat town halls
from Wall Street to Main Street people are speaking out against #tusk #tariffs
-#shutdown is bad for the economy esp dc md va and rural areas.

3 timeline war hard to wrap head around
-#dogees
- cr that isn’t
- future budget w 4+t tax cuts for rich only partially funded by extreme cuts for everything and everyone else.