@escott@babka.socialIt took civilization thousands of years to build the global and broadly successful #economy that we enjoyed right up until about 4PM EDT today.
It took 
about 2.5 months to destroy it.
So congratulations #Republicans on bringing forth the largest (and perhaps most #regressive) #tax increase in the nation’s history. America’s #billionaires thank you for your support.
“There’s a reason this came at 4 PM ET, with #markets closed,” said Jorn Fleck, senior director with the Europe Center at the Atlantic Council.
He said the #tariff on the #EU, his area of expertise, is a “very high number” that will be painful for #consumers & #businesses on both sides of the Atlantic.
New U.S. tariffs on Vietnam would be a blow to Nike and other sportswear brands that have made the Southeast Asian country their production base to reduce exposure to China. https://www.japantimes.co.jp/business/2025/04/02/markets/us-tariffs-vietnam-nike-sportswear/?utm_medium=Social&utm_source=mastodon #business #markets #trade #nike #adidas #us #republicans #donaldtrump #vietnam #manufacturing
My blog, misaligned markets is named so because market capitalism has caused markets to become misaligned from the purpose they're supposed to serve. But what is misalignment?
Read about Aristotle's great insight about greed and how it applies to everything from money to climate change.
@dalfen@mstdn.socialThe DOW is plummeting 
@chris@mstdn.chrisalemany.caI signed up for a free account (using Apple's proxy-email service) at CNBC so I could get a little more detail on the markets currently. They provide this rundown of “The markets and the Trump administration”
WINNING!
"
The Dow Jones Industrial Average is now down 2.1% since the beginning of President Donald Trump’s second term. It is up roughly 0.9% since the election.
The S&P 500 is down 4.3% since the inauguration. It is down 0.8% since the election.
The Nasdaq Composite is down about 8% since Inauguration Day. It is down 2% since the election.
The Nasdaq 100 is down 6.5% since Inauguration Day. It is down about 0.9% since the election. Fifteen of the Nasdaq 100 stocks are down double digits in 2025.
The Russell 2000 is down 9.2% since the inauguration. The index is down 8.6% since the election.
"
That's... impressive.
A classic!
#Apollo, one of the largest private equity / private credit companies on the planet (they manage half a trillion dollars, more than the GDP of many countries) is about to build a marketplace to dump their (overvalued) investments on the public.
realistically at the valuations they are currently giving these assets - valuations other investors would not pay for them - dumping everything on the public is their best way out of the pickle they have found themselves in.
this will be completely legal because they will "tokenize" these assets "on the #blockchain", which will mean the #SEC has no oversight over this new market. standard disclosures about ownership, cash flows, and so one will not be required.
this is why the private equity industry (in particular #Blackrock, the other 200 kg gorilla in the field) has been super gung ho about "#tokenization".
∅
@aeleoglyphic@tech.lgbtAs a reminder, gift economies aren't markets. Stop conflating barter with gift economy. Markets are not personal. Markets are based on commodity production. Gift economies are based on your actual relationship with someone. #gifteconomy #markets #anticapitalism #praxis #anarchy #anarchism
“I suspect that the #markets do not quite understand the gravity of our situation because they have never seen anything like it in a first-world country. They have never witnessed a global hegemon attempt suicide.”
absolutely breathtaking chart that shows the price of #bitcoin is net **down** ~10% during market hours when #Blackrock’s bitcoin ETF etc. were traded in 2025 but net **up** ~40% during hours when the american financial markets are closed.
makes a compelling case that the offshore (**cough** Chinese **cough**) exchanges are wash trading the price of #BTC up every night and then selling off into American retail investors (though there's probably also other factors at play, like the enthusiasm for people living in different time zones to plow money into the cryptoverse).
chart from r/buttcoin: https://www.reddit.com/r/Buttcoin/comments/1i9z93j/evidence_of_bitcoin_wash_trading/
Chainalysis put out some data claiming that at least half of all TRUMP and MELANIA #memecoin “investors” never bought a token on Solana before and most of them hold less than $200 worth while 50 "whales" have made profits of more than $10 million each, strongly suggesting that the biggest suckers in the #TrumpCoin grift are the #MAGA voter base. Feels like #JustinSun made a deal with Trump to let him fleece the MAGA base and drain money back to #China.
Here’s the Chainalysis thread with the charts: https://x.com/chainalysis/status/1882211312681251120
I have some issues with #Chainalysis and suspect the data is actually even more damning than they’re saying… but I don’t have access to the data and what they’re saying is already extremely damning. (Kind of expect them to be forced to retract it by the company ownership because of the bad PR).
Ω
Ω
New issue of #TheCryptocalypseChronicles: The #TrumpCoin Cometh
Or everything you think you need to know but really don't about #TRUMP, #MELANIA, and #BARRON - the Trump family's suite of #memecoins. Retoots appreciated.
bitcoin prices explained:
Estamos en Rojales, un pueblecito cerca de la desembocadura del Río Segura, donde cada primero de mes montan un mercadillo de artesanía en una montaña con cuevas pintorescas.
Aquí está mi pareja que ha venido con su puesto de joyas metálicas a mano a enseñarlas a la gente.
Big Asian firms that have already announced U.S. investments are anxious about whether Donald Trump will return to the White House and rip up current administration’s tax breaks and subsidies that helped draw them there. https://www.japantimes.co.jp/business/2024/10/31/markets/trump-biden-industrial-policy-asian/ #business #markets #us #2024uspresidentialelection #democrats #kamalaharris #republicans #donaldtrump #joebiden #trade #asia #toyota #hyundai #tsmc #samsung #lg #electricvehicles #southkorea #china #taiwan
@Susan_Larson_TN@mastodon.online#HartfordForum #Highlights #Connecticut #Tourism's #LGBTQ #Push.
#State and #LGBTQ #leaders gathered at a #specialevent in #Hartford recently to celebrate how #Connecticut has #markets itself to #LGBTA #tourists, especially those from LGBTQ-#hostile #Florida.
#Women #Transgender #LGBTQ #LGBTQIA #Connecticut #Travel #Tourism #PinkTourism #Representation #Culture
https://patch.com/connecticut/hartford/hartford-forum-highlights-ct-tourisms-lgbtq-push
