Trump reposted this tiktok. He takes pride in crashing the market.
Now all MAGA will cheer market crashes.
.
Obvious that he did it on purpose. What we should speculate now is WHY? I have given my over the top speculation based on my limited knowledge of American history. Do you have an alternative that you are willing to share?
I am a simple man. I think the most obvious answer is most likely the right answer. No need to think that deep.
Trump truly believes what he says. The man has been saying tariffs are great for the last 30 years. Trump is just dumb. During his first term he was forced to put more respectable people in cabinet positions. His own men had to hide information from him to prevent him from making dumb mistakes. This term he completely dominated the GOP. He put in an A-team of yesmen. No more filters. We get the raw Trump stupidness.
The true answer: Trump is dumb as a rock.
2 Likes
I see many posts claiming 4D chess plays like the woman you shared. They all say Trump is tanking the market to force lower rate to refi national debt. It’s easy to see it’s just bullshit if you sit down and do some math.
$3T of debt needs to refi this year. If Trump forces 10-year rate to go down by 1% we will save 30B of interests payment per year. Meanwhile Trump shrinks the US economy by how much? All to save 30B a year?
Further problems:
-
Rate going down is because recession risk going through the roof. The moment Trump backs off on tariffs rates will go back to where it was before.
-
Forcing a recession will highly increase budget deficit. Safety net payments like unemployment benefits will automatically turn on, while tax revenue goes down because businesses suffer. You are increasing debt to save interests payment on existing debt.
All these are just simple common sense. Any person with an IQ > 100 can think it through.
1 Like
Nasdaq futures are down 4.5%
1 Like
Nikkei futures triggered circuit breaker.
Black Monday
All these is just unnecessary. During the 1997 Asian market meltdown many people went bankrupt and some even jumped off skyscrapers. This shit is serious.
Many American hedge funds have went bankrupt. Do you have friends in NYC? Especially those in empire building. Expect news of many mom & pop businesses bankruptcies.
Don’t think above is as serious as 1970s oil crisis. During this crisis, in Singapore, many crimes and suicides.
Depends how much of Trump’s random tariff numbers actually got implemented. Many still don’t believe all of them will go in effect in two days.
If they all go as planned, this is more serious than 1970s oil crisis. Oil crisis at least you have many weeks to prepare. Trump shit only gives you one week.
But it’s just one fucking crazy man. Congress can always vote to take tariff power back. Right now Trump’s party is too scared to stand up to Trump. But if things go too crazy I don’t think they can just stand by doing nothing.
@hanera @manch @wuqijun did you guys leave your 9-5 corporate jobs during the last recession (07-09). I am considering if this is the right time to follow your footsteps and focus on investing and living life if a recession starts.
Why?
Finding it difficult to find time to track markets and do deep research to make investment decisions with a demanding tech job.
Thoughts or advice on what to keep in mind before taking the leap of faith?
.
I retired upon landing on CA in 2002. Didn’t look for work as pay is not sufficiently high to cover cost of childcare, cost of domestic help, occasional maintenance/minor repairs and excessive inconvenience of working.
.
Be prepared to do your own cooking, household chores, maintenance and make minor repairs. Cost of labor is very high, material cost is low, so you would save tons of money doing yourself. Good thing is can look up YouTube videos for how to do maintenance and minor repairs.
Your health would be of priority. Exercise. Simple ones like walking will do e.g. Walk around your neighborhood daily for half to an hour if possible.
Not sure what you mean by investing. Investing is essentially buy n hold mostly. If you are thinking of having passive income, there are a few ways:
a. Own stocks that give some dividends (avoid those that give too high rate of dividends);
b. Regular sale of some stock holdings; this method is for stocks that didn’t give much dividends;
c. Wheeling (sell covered calls vs shares or sell cash secured puts). You need to read up on this and practice till you are comfortable before retiring. Stocks must not be too volatile, well as least stop wheeling during volatile period e.g. events, earnings, now.
3 Likes
Having a stable income job actually helps your stock. You will be less susceptible to your emotions. If all your income depends on your trading, you will lose sleep in situations like now, and may do stupid things.
4 Likes