The tariff-induced market mayhem isn’t over just yet.
US stock futures plunged Sunday evening after two sessions of sell-offs that wiped away over $5.4 trillion in market value. Stocks were set to open sharply lower Monday, putting the S&P 500 on the precipice of a bear market — a decline of 20% from its peak and an ominous sign for investors and perhaps the broader economy.
Dow futures were down 1,250 points, or 3.3%. S&P 500 futures fell 3.7%, while Nasdaq futures tumbled 4.6%. Asian markets tanked: Japan’s Nikkei fell 8% at the open.
The price of US oil fell more than 3%, sinking below $60 a barrel for the first time since April 2021. Oil prices have been in a freefall as investors fear tariffs could plunge the global economy into a recession that would sap demand for flights, shipments, transportation and travel — all activities that require fuel.
Bitcoin joined the declines, too — falling 5.6% to $78,736.93. Bitcoin had surged above $100,000 shortly after Trump was elected in the hopes that he’d help boost support for cryptocurrencies.
Woo woo cheap houses and no foreign investors stepping foot into this grave, I’ll finally be able to own a home!!! Before they shoot me.
What do you think an effect of that $5M gold card is going to be? Good luck continuing to compete with institutional investors and ultra wealthy.
lol. Nope. Those are getting bought up by private equity and turned into poorly maintained rentals. They’re also being price fixed by a cabal of corporate landlords, so rents will always be maximally extractive!
yay…
Given how laws don’t mean shit anymore. There are plenty of empty houses out there. Just find one and take it. Would he fun if we made an app specifically for that.
One problem is how to keep out competition like LEOs and other squatters seeing opportunity.
The other would be how to get through the door without destroying it - sure, you can go at it with an ax, but a destroyed door won’t stop wild animals coming in.
But if those issues can be solved, I think it’s viable.
(the lock picking lawyer had entered the chat)
I immediately thought of the Lock-picking Lawyer.
You can buy a nice set of lockpicking tools from Amazon for less than $20.