I moved all my pension into cash between Nov and Jan ... was at one point 15K down, now 3K up ... this was always coming ... question is what is the floor ? I suspect Trump will 1) blame Biden and 2) delay tariffs again but this - https://bsky.app/profile/peark.es/post/3lk2fdqqqs22a shows he has stopped the economy dead
If you turn your back on your closest allies, that automatically means that investment in the US from Canada and Europe will plummet.
But Trump, as always, will have a fantastic answer for his followers and they will buy it.
I feel sorry for britons right now.....Trussenomics waved a red flag to everyone and the spotlight on brexit britain economics is so intense now an IMF bailout, ala 1976, looks certain.
It’s clear. Tesla’s brand is done. It does not recover from this while the richest man on the planet is destroying people’s lives on behalf of the US government.
By the same token, America is not going to recover while the president is destroying the US economy on behalf of the Russian government.
I see that the Trump administration is already telling Fox that this is due to the Biden administration. I expect this lie to continue for the next 4 years
I remember after the 2008 crash, which started in the USA but spread to the rest of us, the USA somehow had the clout to recover more quickly than the rest of us.
I'm sorry I say I'm taking it for granted that Trump's shenanigans will completely crash world financial systems. Far worse than 2008.
I don't see this as being enormously damaging to Trump (at least not yet). I do, however, see this as ‘about to be blamed entirely on Mr randomly-eliminate-federal-positions Musk’. Already there’s pushback (recent cabinet meeting) & he’s the perfect ‘kings evil advisors’ scapegoat for the public.
Just watch Murdoch, he operates globally and it will be interesting to see his reaction to Trump's economic 'policies' - if you can call what he is doing as policy.
Trump's economy is in free fall. Trillions in savings and pension funds have been wiped out. In a few weeks, Trump will make a few headlines about cutting taxes, then the stocks will rise again. Shortly after his lackeys have invested heavily in stocks. Gifts for the few!
Comments
They'll be frantically moving investments atm I'm guessing.
With Trump in charge, there’s no guarantee America will escape the Truss Experience.
But Trump, as always, will have a fantastic answer for his followers and they will buy it.
asking for a friend.
I feel sorry for britons right now.....Trussenomics waved a red flag to everyone and the spotlight on brexit britain economics is so intense now an IMF bailout, ala 1976, looks certain.
https://www.youtube.com/watch?v=BqEMy7c-72s
By the same token, America is not going to recover while the president is destroying the US economy on behalf of the Russian government.
Friends take years to cultivate, but that friendship can be lost in a blink.
The MAGA lot won't touch EVs, and those who do buy EVs will not buy Tesla
I guess Musk can get Trump to put a 200% tax on imported EVs ....
I'm sorry I say I'm taking it for granted that Trump's shenanigans will completely crash world financial systems. Far worse than 2008.
Wallstreet is just a gambling casino..
Nothing else...
https://bsky.app/profile/betelgeuselxvi.bsky.social/post/3ljzvvwmups23
If they don't seem to acknowledge the cause, how can they possibly take sensible action to avoid recession?
https://open.spotify.com/episode/2dKNxGphqGdV8C6P3oS5WL?si=yOBVbt6PTI2WyZw6AFHIKA
https://inews.co.uk/news/media/murdoch-hates-trump-thinks-moron-michael-wolff-3567780
😊
I fkn hope this gets sorted out or I’m gonna have to die much younger.