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Today is the 270th day of my dynamic posting, without interruption for a single day. Each post is not perfunctory, but prepared seriously. [微笑] If you think I am a serious person, you can walk with me, and hope that the content every day can help you. The world is big, and I am small, follow me, so it's not hard to find. [微笑][微笑]
A new official takes office with a blaze, but ends up setting fire to their own turf. Trump, in office for less than 50 days, makes headlines with every statement, causing worldwide chaos. Previously, it was other countries bearing the brunt of his policies, but now it's America's turn to feel helpless. The US stock market falls, and as it falls, it continues to plummet. The tech-heavy Nasdaq can drop by 4% in a single day, while the combined market value of the seven largest US tech giants can evaporate by 55 trillion RMB in a day. I wouldn't be surprised if the US stock market hangs itself at Mar-a-Lago one day. Since the new leadership took over, the US stock market has been on a downward spiral for over ten trading days, losing 3000 points by now.
Why is this happening? A common explanation is that people have lost confidence, and the most direct trigger is Trump's statement. Recently, a reporter asked Trump, with the stock market looking like this, is the US heading towards an economic recession? The response was just a vague statement about not making predictions and needing some time to bring wealth back to the US. It's like asking a doctor about your condition. Even though the doctor didn't say they tried their best, just a response of 'hard to say' can still make you feel anxious! Subsequently, the US stock market started to sharply decline. Wall Street investment banks have also revised down the US economic growth rate over the next 25 years, to a large extent due to a series of actions taken during his tenure.
Then he raised tariffs on neighbors like the European Union, Canada, and Mexico. Even Canada, such a compliant brother, was driven to desperation. Trudeau, who had been the Prime Minister for ten years, stepped down, and his successor had not even taken office before declaring that we will fight to the end. Trump's economics is still ongoing, with many issues still unresolved. Let's wait and see as we go along!