Fuck. We are doomed

[u/Soft_Cable5934]

[u/InvertebrateInterest]

He couldn't believe Trump did...*checks notes* what he said he would do?

[u/Notcooldude5 → u/InvertebrateInterest]

Trump also said it would be a new golden age. No one knows what to believe.

[u/Crimthebold → u/Notcooldude5]

Golden shower age

[u/Jackson-G-1 → u/Crimthebold]

😀😀

[u/Wooden-Teaching-8343 → u/Notcooldude5]

Go to every maga person and start cheering on the golden age. If they seem sad at how much money their 401k has lost tell them it’s just the beginning of the golden age. Let’s just keep heightening the cognitive dissonance at this point… there’s nothing else to do

[u/univrsll → u/Notcooldude5]

It’s like someone saying he’s gonna skin his dog again but people don’t take him seriously because he’s only done it once or twice before… and then he does it…

Being under the constant threat of having a blade against your neck should warrant that person from never holding office.

[u/headlessseanbean → u/Notcooldude5]

Tariffs are a thing that exist. "Golden age" is a concept. Plenty of people knew what to believe.

[u/DieselKraken → u/InvertebrateInterest]

“promises made, promises kept”

[u/eggsbenedict17 → u/InvertebrateInterest]

He says shitloads of stuff - end the Ukraine war in 1 day, take over Gaza etc etc

Just because he followed through on one thing doesn't mean he does everything he says - the fact that the market dropped so much means that they didn't predict him to do that either

[u/Clever_droidd → u/InvertebrateInterest]

To be fair, he has a history of bluffing and outright lies. Clinton isn’t in jail (yet) and the border wall, not only isn’t built, but Mexico didn’t pay for it.

On tariffs, he threatened them then postponed them. On 4/2, “liberation day”, the market was green until he showed that big beautiful chart around 3:25 est. The market didn’t fully believe him for good reason. Sadly, I kept thinking I should buy puts, but second guessed myself thinking I was missing something. I reasoned the market was probably right, he’s going to move the goal post again.

Here is what the market didn’t know: He previously talked about reciprocal tariffs, which would be fairly reasonable. What he calls reciprocal tariffs are way higher than what other countries actually have on our products. That was the biggest shock to the market. There is reason to believe the market priced in actual reciprocal tariffs, not the wildly disproportionate tariffs he announced.

[u/veerKg_CSS_Geologist → u/Clever_droidd]

The funniest was Vietnam, which had tariffs of 2-3% on US Goods, getting hit with 45% “reciprocal” tariffs. 😄

[u/Diligent-Property491 → u/InvertebrateInterest]

He is a notorious liar, so there is that

[u/ParamedicSmall8916 → u/InvertebrateInterest]

Trump's a negotiator. I genuinely thought he'd just try to scare other countries into more favorable trade deals, but I think nobody expected this.

[u/veerKg_CSS_Geologist → u/ParamedicSmall8916]

Problem is, the US already had favorable trade deals.

[u/Chemical_Signal2753 → u/InvertebrateInterest]

Trump has a history of claiming he would do one thing, accepting 10% of that thing, and then talking up his great success. Lots of his supporters take him seriously but not literally, and I could see how people would be surprised by his actions.

[u/Alarming-Magician637 → u/Chemical_Signal2753]

You’re correct, but those people are complete idiots then who deserve exactly what’s coming.