The strategy was obvious and when I explained it the other day I was roundly mocked, then exactly what I said would happen happened. 75 countries begging to negotiate trade deals with and then relief.
What strategy? To what end? What are we going to supposedly get from those other countries?
I have a huge buffer, so I just decided not to look at my portfolios, figuring that either he'd turn the grift or whatever around, or it would all go to hell in which case my dollars are worthless anyway. But I was still slowplaying my wife on some remodel work - requires cash, which requires stock sales. Do I want to take a 25% haircut because the remodel landed on Trump's tantrum? Nope.
But a lot of real people, had to look at it, and cut and run, because another 10-15% downturn would be disastrous. Or people who were preparing to sell equities for a purchase, or whose loan applications got FUBAR'd, or whose ordering inventory got screwed up. Small businesses had to stop taking orders, because they have no clue what their cost of goods was gonna be. I decided NOT to sell the stock and schedule the remodel. That contractor has a bid out that is now in flux. That's his cash flow, and jobs.
Above all else, stability is a premium here. Stability is why the US Economy is the largest in the world. There was no reason to go through all this gambit BEFORE negotiating whatever it is that Trump thinks he's negotiating. You're a deal maker? Go out and make a deal.
A lot of people got really fucked by this shenanigan.
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