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Reply to "Trump warns of great depression"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Over the past six months, the dollar has declined more than 10% compared with a basket of currencies from the U.S.’ major trading partners — something it has not done since 1973. Trump is purposely burning us to the ground and it will be horrifying. [/quote] Trump is a real estate guy from Queens in mafia-ridden 1980s New York. That's all he intuitively understands. Tariffs are like tribute from his perspective. And the decline of the dollar works for him. It forces people into assets - like real estate. Everything is grossly inflated right now, especially stocks, but also residential and commercial real estate. But the TACO trade can go forever. I was on top of things in 2008. Sold everything, including real estate and stocks at the end of 2007, and did well. But for the life of me, I cannot figure out what the catalyst is going to be for the invariable crash and correction at this moment in time. Everything is humming along. I am not seeing it with dark money. Not seeing it in real estate. Not seeing it in bad loans. Everything seems... fine. Though everything is inflated. But I can't find a catalyst that brings the deluge. Whereas in 2007 it was pretty clear what was going to happen. [/quote] You are not paying attention. No the TACO trade is not going to go on "forever". Other countries are finding better partners they don't need us. Brazil has already started this process. Farms are dying and Trump's sycophants are buying them for pennies. Once that is complete only a few companies will own our food. What do you not understand about food shortages? Unemployment is growing like weeds. Meaning people have no jobs means people by less things. Inflation is rising. By the end of the year the crash will occur. Why, because by then we will know that elections are not going to happen in 2026. [/quote] Let’s not obey in advance, resist! [/quote]
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