This isn't even a top 5 financial crisis for this century, if you think single day stock drops measure severity of financial crises.
this post was submitted on 05 Apr 2025
130 points (100.0% liked)
chapotraphouse
13765 readers
930 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
founded 4 years ago
MODERATORS
yay! another once in a lifetime crisis!
-4.8% so far...
This is mostly a response to the blanket 10% tariffs. If the actual batshit numbers he proposed go through we'll see something extraordinary in terms of losses
TIL covid was a worse crash than 2008.
The dot-com crash being only slightly worse than Trump's tariffs was surprising to me, that was a big deal at the time.
My personal conspiracy theory is that the dot-com crash is intentionally downplayed because it really doesn't portray capitalists in a good light when they wasted so much money on startups with no viable business model.
It's a good thing they don't do that anymore, and the current obsession with AI is founded upon tangible value and provides something that people don't generally hate rather than just being a buzzword cheat code to get investors to fork money over now while people figure out a useful business model application for it later, all because "tech is complicated" so most people don't immediately see the scam that's happening. Man, wouldn't that just be thoroughly embarrassing if the AI gold rush had the same outcome as the dot com gold rush? That's why nVidia was such a winner; they're selling figurative shovels.
Actually, it'd be more embarrassing if it didn't happen, because it would mean that people didn't connect the dots. But people are flat earthers and antivax at an alarmingly increasing rate, so I really couldn't bet on the AI bubble bursting when these pins ain't sharp enough to get it done.
First as tragedy…
Much quicker recovery though
yeah this chart would be a lot better if it had information on recovery.
2020 had worse individual days but 2008 was about a year and a half of bad days. Top to bottom in 2008 was a little over 50% decline and top to bottom in 2020 was about 20%.
This is already outdated. April 4, 2025 was -5.97%.
L-line go down?!?! Noooooo my fake made up speculatory value. This is so much worse than the actual human harm being caused
My coworker has been crying about this for the past week already.
The average lib cares more about their investments than innocent people being blown to pieces by their government.
As long as I can buy funko pops in retirement I don't care!
The worst part is that its just single day shown here, its been going down for a whileeee
“Well you see, we can’t save the environment because according to the abacus…the money would be sad!”
A lot of high finance stuff is so tenuously connected to reality it might as well be overseen by a shrouded caste of priests and augers but when you scrape all that away there is a material structure under all that. Trump is going cowboy mode on that structure.
A second tariff has hit the stock exchange. 
The treats are under attack.
Crazy that the biggest crash was also of Trumps doing. It's almost like he doesn't know what the hell he is doing and the warning signs were already there. Sadly for the current drop it's a long way to the bottom.
Fiscally responsible conservatives y'all
Not even a single 9/11
Nothing ever happens or something
Trump did 9/11 confirmed?
S&P is down 10% after 2 days. Trump did TWO 9/11's on the stock market.
Keep it up, sir!
https://www.cnbc.com/2025/04/03/stock-market-today-live-updates.html
How appropriate that the target of 9/11 was a symbol of financial capital.
It's not about the money. It's about...sending a message 