President Trump’s major campaign was America first, and that America is winning so much that people will ask Trump to stop winning. However, the current state of the market doesn’t say much about winning. America’s economy indeed boomed as the president predicted, but in a bad way.
On March 6, $1.2 trillion was wiped out from the US stock market. Almost every single company were losing stock value from 3% to up to 14%. This is a tremendous downfall of one of the biggest economic markets on the Earth. The United States stock market quite literally blew up into shambles. Due to overlapping of many issues such as Iran conflict, AI bubble, and oil shortage, the market is predicted to be heavily damaged.
Brandon Coluna, stock investor, says, “This is really bad because stock only has been dropping ever since and it is hurting my wallet pretty badly.”
Coluna showed his concern towards the economy that is affected by the stock market crash. Due to its significant and continuous drop, it seems to worry many people.
Kenneth Thang, college student, says, “This only means the worst for our country’s economy and we have to do something about it before our lifestyle changes irreversibly.”
Thang argued that people need to take actions and do something about this crisis as it can leave a long-term damage even after it is over. His point is valid, but flow of money and economy is something that normal people cannot control. The only wealthy can truly affect it.
There are many concerns about the fate of our country due to many controversial decisions and scandals from our government. However, it is important to not fall into chaos just because there are a lot of things going around in the world. Ultimately, we should look out for ourselves and do what is the best for us.
