> "Trump is "crashing" the stock market, and I was like oh crap, but when I checked it was only down a few points"
Forbes has a page "realtime billionaires list"[1] where they track the day to day wealth changes. Musk lost $12.5 billion today, Larry Ellison lost $2.8 billion today, Mark Zuckerberg gained $820M today.
When a few points means billions to the people who fund and own media outlets, who are also famously competitive and willing to do anything to make the numbers go up, it becomes more clear why we hear of the market "crashing" but it doesn't seem much different to us. (and that's outside the usual political complaining about everything the 'other' party does, whatever it is).
Forbes has a page "realtime billionaires list"[1] where they track the day to day wealth changes. Musk lost $12.5 billion today, Larry Ellison lost $2.8 billion today, Mark Zuckerberg gained $820M today.
When a few points means billions to the people who fund and own media outlets, who are also famously competitive and willing to do anything to make the numbers go up, it becomes more clear why we hear of the market "crashing" but it doesn't seem much different to us. (and that's outside the usual political complaining about everything the 'other' party does, whatever it is).
[1] https://www.forbes.com/real-time-billionaires/