Brace For Impact

Created
Tue, 04/02/2025 - 02:30
Updated
Tue, 04/02/2025 - 02:30
Here we go JV Last at the Bulwark provides a handy guide to what’s happening this morning in the financial markets. The question is will the drop stay below 7 percent? The Dow plunged over 600 points right out of the gate. Donald Trump just launched the “dumbest trade war in history.” Thus saith the Wall Street Journal. While people are screaming for more affordable housing, Trump dramatically increased the price of lumber out of Canada just ahead of the spring building season. That’s on top of the “five-alarm fire” Trump started in firing inspectors general and FBI agensts from coast to coast. Oh, and Mr. America First allowing Elon Musk to shut down USAID: In Washington, USAID’s headquarters was closed for the day, with employees told in an email to remain at home. Logos and photos of its aid work have been stripped from building walls. And its website and social media accounts have gone dark, replaced with a reduced version of its webpage on the State Department’s website. There is security information in USAID files now in the hands of Musk’s junior firestarters between the ages of 19 and 24 (Wired): On Sunday, CNN reported that DOGE personnel attempted to improperly access classified information and security systems at the US Agency for International Development and that top USAID security officials who thwarted the attempt were subsequently put on leave. The Associated Press reported that DOGE personnel had indeed accessed classified material. “What we’re seeing is unprecedented in that…