The budget bill that was passed ties the tax breaks to spending cuts, not tariff revenue. And even though Trump keeps lying and saying there won’t be cuts to Medicare/Medicaid, the bill actually requires them to achieve the proposed savings. The deficit will grow substantially under the approved bill, but I have no idea how tariff revenue could affect that. I don’t think anyone except Trump actually believes that tariffs can finance $4.5 trillion in cuts.
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I suspect Trump has no clue how he will provide massive tax cuts but just wants them anyway. Tariffs and DOGE are really a dog and pony show.
What will be really crazy is how a republican controlled Congress, the party of “reducing the deficit” will support this fiasco.
Wise choice. Also an honest reply thanks
The rest of the chest thumpers are doing the same after they virtue signal at each other here
They arent “rebalancing” into another/better part of the world opportunity
So what is safe and what isn’t?
Buy gold?
Get a monkey to throw darts at a list of investment options?
Wall Street doesn’t seem to know where we are headed, how would the average person?
Concern over the deficit … or acting to try to reduce it … neither party has done that nor actually cared since 2000. Every president before that cared. George W, Obama, Trump, Biden … did not care. All 3 branches of the government controlled by either the Repubs or the Dems have not cared.
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That’s very true, just that conservative Republicans advertise themselves as the party of fiscal responsibility.
I started back in August for my personal account and just did a chunk in February.
I’m currently hedging stagflation but started by hedging interest rate cuts (a bit diametrically opposed but deets).
If we get stagflation it’s going to be a Volker shock again to the system so keeping powder dry to buy treasuries with double digit coupons
To be clear, have we progressed beyond fart in the wind territory?
Why do you think it’s too late? What did you do?
I think there’s a lot of potential pain out there still
A) I never said that
B) the markets still have had no drastic moves in relation to the tariffs
C) VIX is elevated indicating “fear” so prudent to at least acknowledge that
A. You said exactly that about tariffs.
B. Will you let us know when the moves pass the, “drastic” threshold?
C. Jan 31 you called the chaos a lot of noise and blustering because the market hadn’t moved. Now the market is moving and change is prudent. I’m very confused, glad I have my money buried in a coffee can.
A) link to that post since I can’t find me saying that
B) You can monitor it yourself…when circuit breakers kick in or futures are limit down
C) You’re conflating two things…immediate impact versus gradual impact…the tariffs had no real immediate impact (and arguably still haven’t as the market is probably down on worries of WTF will he do next) however if the tariffs actually are put in place and stay in place more than what 48 hours that will have an impact. The TSX is down 50 bips and SPX is down 168.) Make of that what you will
Love that the former banned guy who voted for Trump and can’t defend his really shitty start to his presidency is taking this time to attack people that are pointing out that Trumps presidency is shitty thus far.
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S&P 500 losing 6% in 11 trading days is Hunter Biden’s fault.
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the 2021-2023 surge in inflation was Trump’s fault
Biden couldn’t stop the invasion of the Southern border without legislation, which was Reps fault.
all these statements are ridiculous. Only one of the posters involved was advocating for 2 of them
Who said inflation from 2021-2023 was Trumps fault? Oh right, nobody did.
I moved when the tariffs were first announced. They think tariffs are just nifty so I don’t think they are going to back off from those any time soon.
We are already at a 5+% drop. I clearly have no idea where the floor is, but I won’t be trying to hit the floor to move back in.
I agree, there is still bad news coming. I don’t know if this is the train wreck that lasts all summer like 2008 though.
Trump is amazing for the economy.
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Good to see you. Hope you are well and enjoying 2025. Have a nice weekend.