These are stolen from "the bad place" on Kevin Gordon's timeline, but they tell a really interesting story. First: long term consumer confidence is tanking: hard. I'm hearing retail and resale sales are hit hard as people hold their breath. 1/n
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I can't speak for OP but you'd want to move into things that retain their principal and pay interest regardless of their secondary market value. So, CDs, bonds etc.
Yep, I’ve also been moving everything to safer positions. Heck, my financial advisor actually read Project 2025 in July of last year at my behest, went “holy shit,” and has had his firm prepping since then for the eventuality Trump got elected. After the election, they’ve been executing their plan.
Any insight or articles on how to prepare investments and retirement accounts? Conventional wisdom doesn’t necessarily apply right now because of all the deliberately set in motion parts that likely will spell financial disaster.
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Democrats: +5.1%
Independents: +3.7%
Republicans: 0.0%
Republicans think Trump will kill inflation dead, and everyone else is expecting very high inflation. Partisan lean is apparent here. 2/n
The increase over the past 2 months has been the largest since February 2009.
Short version: consumer anxiety is high. 3/n