You count one day "paper losses" in your investment account or retirement account as an actual loss? Are you liquidating your accounts today? The market will bounce back.
If the market will just "bounce back" no matter what, does that mean nothing ever matters? Kind of a strange position.
1. Let me explain a bit of finance to you. Securities are priced by the following formula: Return = Risk-Free-Return + B * market premium. The market premium can be security-specific, sector specific, market specific, or based on a number of other factors. Let's look at the first term.
The "risk-free return" isn't exactly free of risk, but it's systemic risk. We call it "risk-free" because if the bad outcome comes true, we will have a lot more problems than a dip in our portfolio values.
What Trump has done is increase the risk-free rate of return. That is, because of his policies, people require more yield to choose investment over consumption. That's the upshot of the trade war bullshit. The world's economy is less sound than it was a week ago, because there are malevolent actors in key positions trying to undermine it. And we are paying for that with higher interest rates. His fiscal profligacy has also caused interest rates to rise, though that's something of a US specific risk (which can be globalized).
2. Economists have demonstrated that we pay approximately 0.10-0.25% more interest on US debt as a result of the Pubs' debt ceiling brinksmanship during the Obama years. Every time the Pubs threaten a default, the US ends up paying more in interest. And that means every American with debt (mortgage, credit card, business, etc) is paying more in interest.
Debt limit brinksmanship is already impacting Treasury securities. The increase in interest rates represents a cost to taxpayers and a lack of confidence among investors.
www.brookings.edu
And now we're getting the same thing with Trump's policies. He has added permanent instability to the world economy, and my guess is that the "risk-free" rate will have increased by almost 10 basis points. That's about $300B per year in additional interest rates paid by the federal government.
3. All of the DOGE savings actually identified have been on the order of $3B a year. So it's been two weeks and Trump has already cost the US hundreds of billions of dollars. WINNING! Of course, to understand this requires some education. And then you wonder why educated people everywhere loathe MAGA and the other organized ignorance movements like Brexit etc.