Buffet has a long history of stockpiling cash when the market becomes far too speculative. He’s also flat out said millionaires and billionaires aren’t taxed fairly compared to the working class.
I think Trump is trying to appeal to blue collar workers who have seen their jobs disappear. Tariffs are his ham fisted way of trying to appeal to them.
Trump is a fool though. It isn’t the 60s anymore and manufacturing won’t work in the US without inputs from Canada and Mexico.
One day won’t do much. I took it as a sign it was time to delete the Amazon and Walmart app from all my devices and move onto other services.
Trump’s popularity is lower than any President at this point in their presidency. I think there are a lot of “moderates” and uninformed voters who are starting to regret their choice.
Once he starts axing Medicare/medicare and going after social security and other popular programs it is only going to get worse.
Just remember there will be roughly 20 to 30 percent who are hard core MAGA who will never change their minds no matter how bad it gets.
Give it 30 to 60 days and the Trump Presidency will collapse.
He’s pissing off too many people. He has the lowest approval rating at this point in his Presidency. He has MAGA stalwarts like the New York Post running front page articles against his dealings with Russia.
The stock market is starting to show cracks because of his malfeasance on tariffs and his treatment of allies.
He’s going after the FBI, CIA, and every other alphabet agency. Say what you want about them, they are filled with people who now fear for their jobs in a way they have never had to. That is not how a large agency runs long term.
Finally they need to pass a budget and raise the debt ceiling. All things Republicans have proven incapable of on their own. At some point they will need to come and ask the Democrats for help in doing this or the government will default on the Republicans watch. At that point it will be game over. Trump will look weak and impotent.
I don’t think Trump will have taken over enough of the government to overcome all of these challenges and hold onto power on his own.
If he slows down and consolidates power maybe there will be a different outcome. But that’s not what project 2025 outlines. They want to break everything in the first 100 days. Hopefully he will have broken his own base in the process.
I cashed out in November.
Its painfully obvious to anyone who can do math that Trumps policy’s would destabilize an already weakening market.