The people who are “good at money” (born rich) see this as the smartest thing for them, because our misfortune results in a fire sale on American assets they alone partake in.
Right? My panic purchases in response to today's events were cat food, eye drops, a dog toy shaped like a hedgehog, kettle corn seasoning, detergent pods, and a laptop -- and I'm STILL a financial genius compared to these people.
I sold every last bit of stock I had a several weeks ago, before the start of the plunge. I think, when M*** was just letting the DOGEs out. I thought it was the most obvious thing in the world. My broker was even chuckling at me. But apparently I'm a financial genius.
Is there a way we could temporarily encourage the Higgs boson to slide of its energy shelf for a split second, just to shake things up, maybe knock some sense back into politics, just a little reality scare... couldn't the folks at LHC help?
Devastate farmers then buy up the land, buy broken businesses, scoop up commercial real estate on the cheap, stock buy-backs, etc. Simple wealth transfer.
It seemed like the stupist thing imaginable, until we found out the basis for the numbers and realised there were levels of stupidity we had not even guessed at.
Until this second trump term I was still feeling better about the first one because “at least it wasn’t as bad as Brexit” but he just couldn’t be beat.
I'm so bad that, thankfully, I have nothing to lose in the markets. And I could have told him this was not smart.
Our allies can't and don't trust us. We will lose trade and business. 🤡 can get mad but other countries don't have to buy from us. They are turning to other countries. I hope I'm wrong
There's a difference:
- trade imbalance: a poor country sells more to a rich country than it buys;
-tariffs barriers: make it harder for America to sell its goods.
Poor countries don't have tariff barriers, just poverty.
Trump is destroying American trade since doesn't understand the difference.
Effectively, they've taken the trade deficit/total imports and then halved it.
The problem is that this ignores, what the US or partner are buying, and their ability to afford it. Some products are high value and unffordable for poor nations.
It also ignores whether there was in fact a tariff on that particular product in the first place. So we could be going from a situtaion where there was no tariff to 30%.
Comments
https://nypost.com/2025/04/02/us-news/trump-slaps-at-least-10-tariffs-on-all-imports-in-declaration-of-economic-independence-half-of-what-they-could-be/
579 days till midterm elections - in the meantime:
https://drive.google.com/file/d/1JBq-2FdXpeNjva2h0T72q2NLKkRi2fTo/view?usp=drivesdk
How can it be that easy?
You notice he didn't tariff Russia either.
https://www.msn.com/en-us/travel/news/trump-imposes-tariffs-on-uninhabited-heard-and-mcdonald-islands-remotest-places-on-earth/ar-AA1CbirE
Devastate farmers then buy up the land, buy broken businesses, scoop up commercial real estate on the cheap, stock buy-backs, etc. Simple wealth transfer.
https://bsky.app/profile/dansinker.com/post/3llunnyfeoj2v
Our allies can't and don't trust us. We will lose trade and business. 🤡 can get mad but other countries don't have to buy from us. They are turning to other countries. I hope I'm wrong
- trade imbalance: a poor country sells more to a rich country than it buys;
-tariffs barriers: make it harder for America to sell its goods.
Poor countries don't have tariff barriers, just poverty.
Trump is destroying American trade since doesn't understand the difference.
The problem is that this ignores, what the US or partner are buying, and their ability to afford it. Some products are high value and unffordable for poor nations.
That he doesn't understand this is a worry.
As ever, it is the consumer who will pay.