My brother in law is a financial advisor for high net worth people. Generally speaking I sort of envy his job as he is super rich, but not today.
My brother in law is a financial advisor for high net worth people. Generally speaking I sort of envy his job as he is super rich, but not today.Is it good when I have received three different emails on this topic this morning from my brokers? Seems bad.
He pulled a Soviet Russia in their 80sThe market crash exposes another big issue here - clearly the markets assumed Trump was lying about these tariffs or they would have been more priced in at this point.
The markets aren't wrong to have thought he was lying as, well, he lies about everything, but every once in a while he follows through and people are unprepared.
My brother in law is a financial advisor for high net worth people. Generally speaking I sort of envy his job as he is super rich, but not today.
I thought I was doing better than expected—but then I realized most of my Fidelity accounts will only update at close.Decided to check to see if my adjustments panned out. Up about 0.5% today on average across the accounts.
When you hear "Trump Rose Garden economic announcement" proceed accordingly.
Because they are too in love with the shitty and evil parts to even think the other bad shit could happen to them. It's a literal willful ignorance because they are too turned on by the most horrific parts of Trump so they simply block out anything bad that could happen to them in a financial sense. As long as they can still sayI deal with such a person for some of my accounts. He basically accused me of being alarmist when I liberated some cash from them in February when Trump was ramping up the trade war. A lot of people, many of them seasoned professionals, simply have totally failed to imagine that he would do what he said he was going to do.
My brother in law is a financial advisor for high net worth people. Generally speaking I sort of envy his job as he is super rich, but not today.
They dont want you to pull your money, of course, lol.Is it good when I have received three different emails on this topic this morning from my brokers? Seems bad.
I really think you shouldn't take Trump at his word that this is supposed to be a trade war. You should take him at his word that this is about raising revenues, e.g. taxing the fuck out of all of us. 45 years of autistic screeching from the Republicans about taxes and now they just put the biggest tax increase we have ever seen on the people.Saw a suggestion that the tariff rates were literally decided by looking at imports vs exports, and wouldn't be surprised if they set the rates in such a stupid and hamfisted fashion.
Trade deficit divided by that country's exports to us. So dumb...
The next president is probably Trump's son Uday. Don't think he likes Qusay enough to give him the job.I didn't want to post this one but it makes sense again:
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Clearly the next president's slogan should be.. MAMSA: Make America Make Sense Again!
Whenever Trump threatens to do something psychotic he follows through. Wonder how long it's going to be before we have boots on the ground in Greenland, Mexico, and Iran.The market crash exposes another big issue here - clearly the markets assumed Trump was lying about these tariffs or they would have been more priced in at this point.
The markets aren't wrong to have thought he was lying as, well, he lies about everything, but every once in a while he follows through and people are unprepared.
Trump is an idiot who doesn't understand that people can both win by trading. He sees the economic world in black and white as winners and losers. There is nothing special about it.I really think you shouldn't take Trump at his word that this is supposed to be a trade war. You should take him at his word that this is about raising revenues, e.g. taxing the fuck out of all of us. 45 years of autistic screeching from the Republicans about taxes and now they just put the biggest tax increase we have ever seen on the people.
At least he had the decency to wear a tux.
I didn't want to post this one but it makes sense again:
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Clearly the next president's slogan should be.. MAMSA: Make America Make Sense Again!
He's just passing the Fair Tax and cloaking it as a trade war. He's not trying to win anything other than slashing taxes on the robber barons as he thinks this tax will raise enough revenue to do it.Trump is an idiot who doesn't understand that people can both win by trading. He sees the economic world in black and white as winners and losers. There is nothing special about it.
It's the Bush era neocon dream of the Fair Tax that shifts most of the tax burden onto the people instead of the small minority of rich fucks this capitalist economy actually works for.I love how the party that pretends to promote low taxes just snuck in the largest tax increase in history. A rebranded national sales tax aka tarrif
We are going to have the best Oligarchy.He's just passing the Fair Tax and cloaking it as a trade war. He's not trying to win anything other than slashing taxes on the robber barons as he thinks this tax will raise enough revenue to do it.
You give Trump way too much benefit of the doubt when you treat this as a trade war rather than a massive socialized tax. His explanations are stupid because they're some bullshit he makes up to pretend this isn't just a tax hike on all of us.I saw this posted elsewhere and it's totally accurate. Trump literally thinks that when you go to the grocery store and spend $50 on groceries you have now run a trade deficit of $50 with the grocery store.
It is really difficult to overstate just how stupid these people are.
Penguin in the front that Trump is talking to is literally melting the surface of desk he's so heated about these tariffs.I used chatgpt for the first time and generated this lolol
better than the one I found posted on Bluesky
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