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Farron Balanced Daily
Trump's Net Worth Drops By BILLIONS As His Stock Crashes
It turns out that not even Donald Trump himself is immune from his destruction of the US economy, as he has managed to wipe out billions of dollars from his own net worth in the stock market crash. Trump has lost roughly $2.5 billion since he took office as shares of the Trump Media and Technology Group have been on a steady downward slide. The slide was made worse this week as the stock market crashed, with shares now trading below $20.
Investors at some of the largest US banks have now made it clear that they believe Donald Trump is destroying the economy, and they've updated their economic forecasts to show that a recession is far more likely than it was just a week ago. The big reason for the shift to pessimism is that Trump's own team has changed the way that they speak about the economy, and they are now admitting that there is a lot of pain headed for consumers, which is spooking investors.
A federal judge ruled this week that the Department of Government Efficiency is operating under an unprecedented shroud of secrecy, and those days are over. The judge has ordered the Department to turn over documents relating to their activities so that everyone can understand what they are doing and how they are doing it. Musk and his allies had been trying to keep these activities hidden for some reason, and we may soon find out what that reason is.
White House press secretary Karoline Leavitt ran crying to Sean Hannity on Fox News after a reporter with the Associated Press made her look like a complete fool during a press briefing earlier in the day. The reporter called out Leavitt for not understand who pays for tariffs, which forced Leavitt to double down on her false claim that other countries pay them, and after being told she was wrong again, Leavitt got incredibly angry and said that the reporter is insulting her intelligence and then she attacked his outlet.
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