Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

  • Dimmer@leminal.space
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    2 months ago

    American people willingly join truth social and get brain washed is another level of 1984 I don’t understand.

    • Catma@lemmy.world
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      2 months ago

      There are only 2 types of people on Truth social. Nazis and people reporting on the Nazis on truth social. No one is joining Truth Social expecting to get anything other than Nazi propoganda.

    • RowRowRowYourBot@sh.itjust.works
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      2 months ago

      Jesus another Eu-diot who just doesn’t get it. Truth social is where you get the unfiltered truth directly from Trump. What could possibly be a more direct and accurate representation of the truth than what Trump tells you himself? Why would Trump, a man who wins at everything, need to lie? That’s what the lamestream media is for!

      /s but sadly so many believe this to be true.