I honestly feel like Trump is crashing the US and maybe the global economy on purpose. Like, the whole tariff thing is going to hurt trade and shrink the economy. He’s going to try (and has already started) to blame Biden for this, but it’s all based on his policies.
The funny thing was, Trump bragged about the stock market, and warned that Harris would trigger a collapse….
Now, as we know, markets hate volatility. But, that does create some buying opportunities. I remember that if you bought stock in March of 2009, you would have entered the market at the bottom and make a crap load of money. This situation will be significantly harder to find the bottom, because Trump will likely screw things up some more…
He essentially is reducing income taxes for the wealthy and corporations, and implementing tariffs to replace that revenue lost. The tariffs would disproportionally affect the middle and lower classes. He’s basically passing his tax bill off to us.
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u/Barnibus666 8d ago
I honestly feel like Trump is crashing the US and maybe the global economy on purpose. Like, the whole tariff thing is going to hurt trade and shrink the economy. He’s going to try (and has already started) to blame Biden for this, but it’s all based on his policies.
The funny thing was, Trump bragged about the stock market, and warned that Harris would trigger a collapse….
Now, as we know, markets hate volatility. But, that does create some buying opportunities. I remember that if you bought stock in March of 2009, you would have entered the market at the bottom and make a crap load of money. This situation will be significantly harder to find the bottom, because Trump will likely screw things up some more…