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Ruhle: You're watching the mega-rich get richer
MSNBCยท2025-08-29 10:57

Economic Impact of Tariffs - US farmers are significantly impacted by Trump's tariff war due to soaring fertilizer prices eroding profits [1] - US shoppers are experiencing order cancellations as countries globally cancel American-bound shipments because of tariffs [1] - The economic road ahead could be bumpy due to tariffs [1] Market Disconnect - Stock market soars, with the S&P topping 6,500 for the first time [1] - Markets are primarily focused on the earnings of seven mega companies, largely unaffected by tariffs and immigration policies [2] - Dow and NASDAQ provide an illusion of prosperity, not accurately reflecting the overall economy or corporate America's health [2] - Market performance primarily reflects the well-being of tech giants and the top 10% [2] Wealth Disparity - The mega-rich are getting mega-richer [3] - Questions arise whether the markets accurately represent the economy [3]