The Dow fell more than 1,190 points, or 3%. The broader S&P 500 fell 3.2%. The tech-heavy Nasdaq Composite slid 3.46%. Stock futures had slumped in premarket trading after the three major indexes closed last week in the red.
The US dollar index, which measures the dollar’s strength against six foreign currencies, slumped 1% to its lowest level in more than three years.
Trump: The egg prices are down 87%. We have too many eggs. The prices are getting low.
— Ron Smith (@Ronxyz00) April 18, 2025
March report shows egg prices are up more than $6 a dozen. pic.twitter.com/R2Yw7v2pcy
Egg prices are not going down and if they were, it wouldn't be by as much as 87% but if you're going to lie, why not go for the Big Lie?
That Donald Trump lies is not big news, no more than it's big news that the sun rises in the east and sets in the west. Actually, a lie is even less so because the sun does that only once a day and when Trump intentionally utters only one falsehood in a day, it's an extraordinary display of veracity.
But there is the matter of too many eggs and the prices getting too low. During the campaign, Donald Trump pledged "When I win, I will immediately bring prices down, starting on day one." In the month between election and inauguration, he backtracked with "it's hard to bring things down once they're up. You know, it's very hard. But I think that they will. I think that energy is going to bring them down."
It's hard to bring things down once they're up. No, it's easier to bring things down when they're up than to bring them down when they're already down. That's especially true because when prices are up, they often are high for artificial or fleeting reasons, such as a decision by OPEC+ to cut production temporarily.
None of that explains why President Donald Trump would want egg prices to be high. However, perhaps this Truth Social post of his from 10/20/22 gives a clue:
The Witch Hunt continues, and after 6 years and millions of pages of documents, they’ve got nothing. If I had what Hunter and Joe had, it would be the Electric Chair. Our Country is Rigged, Crooked, and Evil — We must bring it back, and FAST. Next stop, Communism!
If "evil" from thirty months ago doesn't suggest anything, perhaps his perspective at a Cabinet meeting on February 26 as
“This country has gotten bloated, fat, disgusting,” the 78-year-old McDonald’s lover said, before blaming many of America’s problems on former President Joe Biden.
Trump, whose slogan is the Ronald Reagan inspired “Make America Great Again,” attributed his presidential woes to the poor health of Americans—accusing Biden as the country’s enabler.
No one could lack in self-awareness as Donald Trump would be if he actually thinks that a fat 78-year-old being President of the USA is an advertisement against being fat. And no one is, because he's aware that, if anything, he is a poster boy for being fat- and arguably for being bloated and disgusting.
It wasn't bad enough- or good enough, to President Trump- that his on-again, off-again, on-again tariff statements and acts predictably convulsed the stock market. If the nation is evil and disgusting, more would be needed. Nor, for that matter, is visibly driving a wedge between the USA and our European allies, giving hope and bargaining leverage to dictators in Moscow and Beijing sufficient to achieve the President's goal.
It's an "evil" and "disgusting" country according to a man who threatens to fire the chairperson of the Federal Reserve, sending the stock market even further down, as no doubt expected by the Wharton School graduate. President Trump could fire Jerome Powell, which would be controversial and possibly illegal. Yet, when has either controversial or possibly illegal- even almost certainly illegal- ever stopped President Trump, as a public official or private citizen?
It wasn't bad enough- or good enough, to President Trump- that his on-again, off-again, on-again tariff statements and acts that predictably convulsed the stock market.
If the President did fire (or attempt to fire, whatever), there would be a downturn in the market. However, the matter eventually would be resolved, bringing a measure of stability less likely if the controversy dragged on, which gives Trump more flexibility.
It's becoming increasingly plausible that such flexibility will be wielded not only in a manner harmful to the country, but that this is part of the plan. It's something that, for their own reason(s), neither Republicans, Democrats, nor the media will dare suggest. Reality, however, has the nagging habit of refusing to be wished away.
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