Historic Market Crash Reflects Extreme Volatility The stock markets experienced an unprecedented collapse with the Dow plunging over 2,000 points over two consecutive days and the S&P 500 dropping nearly 10% in two days. Trading curbs had almost been triggered as market indices neared preset circuit breaker thresholds, underlining the severity of the downturn. The volatility index surged to levels that previously marked the financial crisis of 2008 and the early pandemic chaos of 2020, highlighting deep financial instability.
Tariff Missteps Ignite Economic Havoc Sweeping tariffs led to an abrupt market selloff that erased over $6 trillion in market value, with significant losses piling up across major indices and tech giants. Financial commentary and headline analyses denounced the tariffs as a catastrophic policy mistake that disrupted global trade and deepened recessionary fears. The drastic market correction underscored how such a poorly conceived economic strategy can unhinge even the most mature financial systems.
Fabricated Economic Claims Undermine Policy Legitimacy The tariff strategy originated from a superficial search for a bold economic concept, culminating in the selection of a book that promoted aggressive measures against China. A dubious adviser built his rationale on a fabricated expert, with a fictitious source whose name was merely an anagram of his own, thereby providing false credibility to the policy. This manufactured intellectual foundation has not only precipitated massive market losses but also eroded public trust, as widespread disapproval of the economic approach has emerged.