Trump has announced that he is ok to plunge the US into a recession, deeming it necessary for transition.
Markets crashing on recession fears.
Markets crashing on recession fears.
Trump deliberately crashing economy and markets
- Thread starter stinkynuts
- Start date
They believe in the classics...
“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.”
Musk said this was the plan before the election.
Think about it.
All economic indicators showed USA outperforming virtually every advanced economy. "The envy of the world" said The Economist.
Then the Trump administration comes in and decides this needs to be blown up.
Get rid of any expertise. Get rid of any independent voice. Kill the things that made the American economy dominate the world (science, freedom, the rule of law, immigration).
Based on the ignorant old man who believes his delusions, and gets surrounded by lickspittles who won't tell the emperor he has no clothes.
Let's go back to robber baron times when a few extraordinary rich people ran the country, people lived to 45, had to jam 11 people into a 1 bedroom place, beg for their jobs, no health care, no good public schools, no minimum wage, starve on the street, like the 1890s.
It’s over. Seriously. Trump is creating a whole new system for the elites. We regular people are fucked.
But if you are one of the robber barons, the 1890s is a LOT better.
You have massive amounts of power and respect and are basically immune to the law.
The country is less rich, but you are even further above your fellow citizens, meaning you have a lot more power over them.
While I do enjoyed consistency in my life I understand that the stock market and economy are far from that. There have been many times when one or the other has crashed or had a dismal outlook.
Lesson learned from all the inconsistencies is to continue to invest and dollar cost average. Have cash available for any deals. Personally I'm looking for a primary residence at a reduced price.
Lesson learned from all the inconsistencies is to continue to invest and dollar cost average. Have cash available for any deals. Personally I'm looking for a primary residence at a reduced price.
Good points except for dollar cost averaging . DCA was made up by mutual fund companies to get you to buy in
You are missing upticks with DCA and there are more of them than downticks
But, I am struggling to stay in with Duck Donald. The markets have never experienced
an incompetent meglomaniac destroying everything
