Is Donald Trump Causing a Recession? Economists Are Increasingly Worried.
At this point a recession is baked in. Now it’s to be determined if it’ll be a replay of the Great Recession, the Great Depression or Long Depression.
Time will tell and mainly what it’ll tell us is that all of our lives are about to get worse and so will the world.
It’s darkly funny the finnews people have been warning about a recession for at least two years while hyping at least two or three bubbles (AI, crypto, real estate), in addition for applauding every prime rate interest hike [a good credit card rate is 20% now], while throwing in behind a guy who has repeatedly said he wants tariffs.
And then being shocked, shocked that this guy is trying to implement them in a way that will definitely start trade wars. ” “We want a Volker shock but we want to make our Q2!”
If I was amoral and sure I wouldn’t lose I’d be shorting a bunch of things, and investing in prison stocks and kludge second hand services (iykyk). I’m sure you’ve finished your big electronics purchases by now.
Money people are so smart.
I’ve bought all the electronics for the moment I need, though I’m a little miffed Apple introduced a much better Mac Studio only a few months after I bought the highest-end Mac Mini they had for sale (10Gb Ethernet, 64GB memory). Still thinking about getting that and selling the Mac Mini.
I’ve considered doing some shorting and have done that in the past. It’s a bad time if wrong, though.
Warren Buffet & co. have been buying up oil stocks apparently as they expect war, and oil/petroleum concerns always do well in wartime. I think they might be onto something there.
I think most people, even most expert/trained people, do not have a cohesive view of the world and aren’t systems thinkers. So obvious things are surprising to them.
You need to have a cohesive view of the world or be a systems thinker to get any of that?
I suspect Buffet has been buying up oil stocks for a while, as the US is/was literally funding two major different wars by proxy for at least two years. Most people will not notice the proxy wars, in the ordinary way of things, by design. TBH, I’m sure nobody with a big platform actually described any of the proxy wars within the last ~30 years as such.
Buffett is usually two steps ahead of everyone else. And in some cases, two steps behind (in a good way).
A company I worked for got screwed over by Berkshire Hathaway to the tune of $100 million due a poorly-written contract. It was our fault, but they use any advantage they have over there at Berkshire.
The good news about Trump is that the chance of direct war with China is somewhat decreased. The bad news is that Taiwan, Philippines and maybe even Japan are doomed.