Markets could get a lot worse — and quickly

The White House’s recent trade tax announcements have led to severe market turmoil, with US stocks plummeting and fears of a recession growing. Investors are experiencing significant losses in safe assets like Treasuries and gold, indicating a potential financial crisis as fund managers scramble to meet redemption demands and hedge funds face margin calls. The situation is precarious, and as the financial community awaits a potential reversal of Trump’s policies, concerns about a self-reinforcing crisis loom large, reminiscent of past financial disasters.