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The S&P 500 lost more than $2 trillion in market capitalization within 15 minutes in reaction to Trump tariffs. (decrypt.co)

submitted 2 weeks ago by btaf45@lemmy.world to c/usa@midwest.social

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[–] Saleh@feddit.org 7 points 2 weeks ago (1 children)

Anyone refering to market prices generating or erasing money, leave alone value, has serious misconceptions about the economy. Also we need to stop the worship of market capitalization. The market price only reflects the price of currently traded stock. Have someone announce they are going to buy up or dump 20% of any stock and see it flying or tanking.

[–] theneverfox@pawb.social 2 points 2 weeks ago (1 children)

I mean, yeah, it's totally imaginary value. But then again, so is all money... The current financial system is a nonsensical house of cards propped up mostly by how bad most everyone wants it to stay standing

[–] btaf45@lemmy.world 1 points 2 weeks ago

it’s totally imaginary value

That 'totally imaginary value' bought me a new car in January when I was Trump-proofing my life.