Trump is starting to put incompetent
ideologues in charge of reporting key economic data like unemployment statistics at the BLS. By the time Powell’s term is up next year, assuming he isn’t fired before that, Trump will put his stooges in charge of playing with the interest rates at the Fed to juice the stats. We are the slow boiling frogs in a pot but it is increasingly clear that he is going to fake economic data to make things look better than they are. Does anyone legitimately think he isn’t going to resort to printing more money as a short term band aid for the exploding deficit? We are starting to look like Argentina where the key economic data were fake for years, leading to capital flight and the economy destroyed. For years. Still is. My question is, as someone who has most of our retirement savings in the market and as equity in our DC home, what are you doing to hedge against an economic meltdown down in the US which will also disproportionately affects the real estate market in this region? Is there anything that can be done other than buying European stocks, which I’m not sure would be an effective hedge anyway? My partner is not American and he has always said that if the US sneezes the rest of the world gets a cold. He thinks we are all f’ed. Except for the super rich, especially those with inside access who are going to make out fine in the coming years. We have big college payments coming up soon and are counting on eventually being able to access the equity in our home and our stock market returns to fund our retirement in the next 10-15 years. We don’t have enough savings to pull everything out of the market right now. Maybe I am being overly dramatic but how are you adjusting your portfolio to weather the almost inevitable economic meltdown? I refuse to believe you can run the world’s largest most complex economy with this level of incompetence and fraud without eventually reaping what you sow. Never mind what will happen if all of this coincides with the implosion of the AI valuation bubble. Would love to hear how others are planning. And please don’t say crypto. Thats part of the grift. Thanks
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