Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.
Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.
What does this have to do with any economist? Are they supposed to be able to predict a cheeto imposing absurd global tarriffs? “Once in a lifetime” is just an expression the media likes to use.
Sorry I topic drifted a bit. I wasn’t actually thinking of that. I was under the impression that things were going very poorly even before tariffs.