{"id":2389611,"date":"2025-03-13T16:34:15","date_gmt":"2025-03-13T20:34:15","guid":{"rendered":"https:\/\/monetizemail.com\/magatoon\/?p=2389611"},"modified":"2025-03-13T16:54:56","modified_gmt":"2025-03-13T20:54:56","slug":"we-are-on-the-verge-of-completing-an-impressive-trifecta-a-stock-market-correction-a-global-trade-war-and-a-government-shutdown-all-at-the-same-time","status":"publish","type":"post","link":"https:\/\/monetizemail.com\/magatoon\/2025\/03\/13\/we-are-on-the-verge-of-completing-an-impressive-trifecta-a-stock-market-correction-a-global-trade-war-and-a-government-shutdown-all-at-the-same-time\/","title":{"rendered":"We Are On The Verge Of Completing An Impressive Trifecta: A Stock Market \u2018Correction\u2019, A Global Trade War And A Government Shutdown All At The Same Time"},"content":{"rendered":"

We certainly do live in \u201cinteresting\u201d times. \u00a0In all my years of writing, I have never seen a stock market correction, a global trade war and a government shutdown all happen at the same time. \u00a0If the federal government does indeed shut down on Friday, we will complete that very impressive trifecta. \u00a0Needless to say, a government shutdown would only add to the jitters that we are witnessing on Wall Street right now. \u00a0On Thursday, the Dow Jones Industrial Average was down for a fourth day in a row, and the S&P 500 fell into correction territory<\/a>\u2026<\/p>\n

\n

Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump.<\/p>\n

The S&P 500 dropped about 1.4%, ending the day in correction and 10.1% off its record close. The Dow Jones Industrial Average fell 537 points, or 1.3%, its fourth day of declines putting it below the 41,000 level. The Nasdaq Composite shed 1.9% with shares like Tesla and Apple lower.<\/p>\n<\/blockquote>\n

If the Dow successfully breaks through the very important psychological barrier of 40,000, we could potentially see it fall a long way.<\/p>\n

A lot is going to depend on how the global trade war plays out.<\/p>\n

More new tariffs are being announced on an almost daily basis. \u00a0On Thursday, President Trump announced a new 200 percent tariff<\/a> on alcoholic beverages from the European Union\u2026<\/p>\n

\n

President Donald Trump said Thursday he plans to put a 200% tariff on alcohol from France and other European nations in the latest escalation of global trade tensions.<\/p>\n

The U.S. tariff comes after the European Union moved to reinstate an import tax on American whiskey.<\/p>\n

\u201cThe European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky. If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S.,\u201d Trump said on Truth Social.<\/p>\n<\/blockquote>\n

We haven\u2019t seen anything quite like this in modern times, and President Trump insists that he is \u201cnot going to bend at all\u201d<\/a>\u2026<\/p>\n

\n

President Donald Trump on Thursday doubled down on his escalating tariff plans, even as his economic agenda continued to rattle investors and contribute to a weekslong stock market sell-off.<\/p>\n

\u201cI\u2019m not going to bend at all,\u201d Trump said when asked about his tariff plans during an Oval Office meeting with NATO Secretary General Mark Rutte.<\/p>\n

\u201cWe\u2019ve been ripped off for years, and we\u2019re not going to be ripped off anymore,\u201d he said.<\/p>\n<\/blockquote>\n

It shall be fascinating to see how all of this plays out.<\/p>\n

Meanwhile, we are right on the brink of a government shutdown.<\/p>\n

According\u00a0to Politico<\/a>, Trump administration officials believe that a shutdown will be avoided because Democrats in the Senate will feel forced to accept what Republicans are offering\u2026<\/p>\n

\n

Senate Minority Leader Chuck Schumer threw down the gauntlet Wednesday, proclaiming that Republicans don\u2019t have the 60 votes needed to keep the government open past Friday. But President Donald Trump and senior White House officials are increasingly confident Schumer will release enough centrists to put up the votes for passage, according to multiple White House officials I spoke to over the past 24 hours.<\/p>\n

\u201cThey\u2019re 100 percent gonna swallow it,\u201d one White House official told me. \u201cThey\u2019re totally screwed.\u201d<\/p>\n<\/blockquote>\n

I am not convinced.<\/p>\n

Personally, I think that the Democrats are quite serious about allowing the government to shut down.<\/p>\n

We shall see what happens.<\/p>\n

Normally, when a government shutdown is looming the White House will attempt to reach out to the other side. \u00a0But this time around, things have been very different<\/a>\u2026<\/p>\n

\n

In some ways, the White House\u2019s posture smacks of over-confidence bordering on arrogance. During most face-offs like this \u2014 when an administration needs the votes of the opposition party for must-pass legislation \u2014 there\u2019s typically some sort of outreach, even by the president himself.<\/p>\n

Not so with Trump. Instead of extending an olive branch this week, the president used his Oval Office bilateral meeting with Irish Taoiseach Miche\u00e1l Martin to attack Schumer in vicious personal terms, saying he\u2019s \u201cno longer Jewish\u201d and calling him a Palestinian.<\/p>\n<\/blockquote>\n

The Trump administration is counting on Chuckie Schumer to fold.<\/p>\n

But during a Senate floor speech on Wednesday evening<\/a>, it certainly did not sound like he intended to fold\u2026<\/p>\n

\n

\u201cRepublicans do not have the votes in the Senate to invoke cloture on the House CR. Our caucus is unified on a clean April 11 CR,\u201d Schumer said during a Senate floor speech.<\/p>\n

\u201cWe should vote on that,\u201d Schumer said. \u201cI hope \u2014 I hope \u2014 our Republican colleagues will join us to avoid a shutdown on Friday.\u201d<\/p>\n<\/blockquote>\n

Of course all of this is happening at a time when economic conditions are steadily deteriorating<\/a> and low-income consumers are being hit particularly hard. \u00a0The following comes from the Wall Street Journal<\/a>\u2026<\/p>\n

\n

Take low-income consumers: At an interview at the Economic Club of Chicago in late February, Walmart Chief Executive Doug McMillon said \u201cbudget-pressured\u201d customers are showing stressed behaviors: They are buying smaller pack sizes at the end of the month because their \u201cmoney runs out before the month is gone.\u201d McDonald\u2019s said in its most recent earnings call that the fast-food industry has had a \u201csluggish start\u201d to the year, in part because of weak demand from low-income consumers. Across the U.S. fast-food industry, sales to low-income guests were down by a double-digit percentage in the fourth quarter compared with a year earlier, according to McDonald\u2019s.<\/p>\n<\/blockquote>\n

We are certainly experiencing a lot of economic pain now, but much more is ahead if we stay on the path that we are currently on.<\/p>\n

And more signs of trouble are constantly erupting all around us. \u00a0For example, the seventh largest bank in the U.S. has decided to permanently close 38 branches<\/a>\u2026<\/p>\n

\n

America\u2019s seventh biggest bank will shut 38 branches as it continues to roil from massive penalties related to failures in its anti-money laundering controls.<\/p>\n

TD Bank has filed notice with the Office of the Comptroller of the Currency (OCC) to close locations across 10 states on June 5.<\/p>\n

Closures will include six each in New Jersey and Massachusetts, five in New York, four in New Hampshire and Maine, and three in Pennsylvania and Florida, according to The Philadelphia Business Journal.<\/p>\n<\/blockquote>\n

Hundreds of U.S. banks are in bad shape, and dozens of them are in very serious trouble.<\/p>\n

Of course our banking crisis is just one element of the nightmarish economic storm that is now brewing.<\/p>\n

Hopefully our leaders will make very wise economic decisions in the days ahead.<\/p>\n

If not, things will rapidly become even more \u201cinteresting\u201d than they are already.<\/p>\n

Michael\u2019s blockbuster entitled\u00a0\u201cWhy\u201d<\/a>\u00a0is available\u00a0in paperback<\/a>\u00a0and\u00a0for the Kindle<\/a>\u00a0on Amazon.com,\u00a0and you can subscribe to his Substack newsletter at\u00a0michaeltsnyder.substack.com<\/a>.<\/strong><\/p>\n

<\/a><\/p>\n

About the Author:<\/strong>\u00a0Michael Snyder\u2019s new\u00a0book\u00a0entitled\u00a0\u201cWhy\u201d<\/a>\u00a0is available\u00a0in paperback<\/a>\u00a0and\u00a0for the Kindle<\/a>\u00a0on Amazon.com. He has also written eight other\u00a0books<\/span>\u00a0that are available\u00a0on Amazon.com<\/a>\u00a0including\u00a0\u201cChaos\u201d<\/a>,\u00a0\u201cEnd Times\u201d<\/a>,\u00a0\u201c7 Year Apocalypse\u201d<\/a>,\u00a0\u201cLost Prophecies Of The Future Of America\u201d<\/a>,\u00a0\u201cThe Beginning Of The End\u201d<\/a>, and\u00a0\u201cLiving A Life That Really Matters\u201d<\/a>.\u00a0 When you purchase any of Michael\u2019s books\u00a0you help to support the work that he is doing.\u00a0 You can also get his articles by email as soon as he publishes them by subscribing to his\u00a0Substack newsletter<\/a>.\u00a0 Michael has\u00a0published thousands of articles on\u00a0The Economic Collapse Blog<\/a>,\u00a0End Of The American Dream<\/a>\u00a0and\u00a0The Most Important News<\/a>, and he always freely and happily allows others to republish those articles on their own websites.\u00a0 These are such troubled times, and people need hope.\u00a0 John 3:16 tells us about the hope that God has given us through Jesus Christ: \u201cFor God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.\u201d\u00a0 If you have not already done so, we strongly urge you to invite Jesus Christ\u00a0to be your Lord and Savior<\/a>\u00a0today.<\/p>\n

The post We Are On The Verge Of Completing An Impressive Trifecta: A Stock Market \u2018Correction\u2019, A Global Trade War And A Government Shutdown All At The Same Time<\/a> was first published by Michael Snyder on The Economic Collapse Blog<\/a> and is republished here with his permission. Please support his efforts.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We certainly do live in \u201cinteresting\u201d times. \u00a0In all my years of writing, I have never seen a stock market correction, a global trade war and a government shutdown all happen at the same time. \u00a0If the federal government does indeed shut down on Friday, we will complete that very impressive trifecta. \u00a0Needless to say, …<\/p>\n","protected":false},"author":127,"featured_media":2389613,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[71],"class_list":["post-2389611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news-politics","tag-opinion"],"_links":{"self":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2389611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/users\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/comments?post=2389611"}],"version-history":[{"count":1,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2389611\/revisions"}],"predecessor-version":[{"id":2389612,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2389611\/revisions\/2389612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/media\/2389613"}],"wp:attachment":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/media?parent=2389611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/categories?post=2389611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/tags?post=2389611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}