Corporate America's Euphoria Over Trump's 'Golden Age' Is Giving Way to Distress
Rapturous applause and a sea of phones in the air greeted President Trump as he walked on stage and declared, “The golden age of America has officially begun.”
He was barely a month into office when the Saudi-backed investor conference in Miami captured the optimism. “The Nasdaq is up nearly 10% in just a few months,” Trump said, ticking through a list of economic indicators. “The Dow Jones Industrial Average is up 2,200 points.” On the same day, Feb. 19, the S&P 500 hit an all-time high.
But as Trump unleashed an on-one-day, off-the-next tariff fight with America’s largest trading partners, those gains unraveled. In just a few weeks, the S&P lost $4 trillion in value driven by his whipsaw trade policy, receding optimism about an artificial-intelligence boom and souring consumer sentiment caused by threats of higher prices and weaker growth. A measure of consumer sentiment fell in March for the fourth straight month to the lowest level since January 2021, the Conference Board, a business-research group, said Tuesday.
Markets in the past week have recovered some losses, but Trump is preparing his next shock: an April 2 “liberation day” suite of reciprocal tariffs he said will be applied on any trading partner that charges tariffs or imposes other trade barriers on U.S. products.
https://www.msn.com/en-us/money/markets/corporate-america-s-euphoria-over-trump-s-golden-age-is-giving-way-to-distress/ar-AA1BETrs
Only thing golden about Trump is his toilets and his showers.
= new reply since forum marked as read
and has left behind him a list of failed businesses longer than the parts list for an aircraft carrier could somehow bring about a Golden Age for the American economy.
Seems like Corporate America is run by a bunch of incompetent, brain-fried nepo babies, golf addicts, and three-Martini lunchers.
Anybody out there know how to run a business?... 
