• @Valmond@lemmy.world
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    134 days ago

    Trump: ok so stocks went down 50% because of me, but look since then it’s up 80% !!!

    Maga crowd: Yess, wooow!!!

    • @Geth@lemmy.dbzer0.com
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      224 days ago

      There are absolutely lots of people that don’t understand that down 50% and up 80% means you just lost 10%.

      • @AtariDump@lemmy.world
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        94 days ago

        For anyone who’s like me (where math and I are not friends), if you start with $1 and drop 50%, that’s 50¢

        Go up 80% from 50¢ and you’re at 90¢

        Your original $1 is now worth 90¢.

    • Yeah, my stocks are almost back to where they were at the beginning of the year, and it’s almost 100% due to Trump messing w/ tariffs. I’m not rich or anything, but seeing my retirement savings fluctuate at Trump’s whims doesn’t feel great.