We need to free Luigi, feed him a few power ups and let him go.

Economy can tank in the first 3 yrs of his presidency (blames the Dems and that he has to fix it, short term pain, blah blah blah) and then in the 4th year, he'll give all his buddies inside info first to buy buy buy, he'll lift all tariffs and then it looks like the market is hot and rising ... he sets himself up (heaven forbid) or Rep for another term. Dumbasses will be fooled.

It isn't just the middle class bearing the bulk of the burden though, is it? The wide-ranging tariffs applies pretty much to everything, so it affects everybody in society regardless of their social or economic class. It's just that the wealthy people and the big corps have the money and resources to weather the storm a lot better.

The middle class consumes too, but they don't have the resources to absorb the financial blow as if the tariff isn't there. So they get hit the hardest.

The poor gets fxxked bcos percentage-wise, their spending power take the biggest hit, and they can't not spend money on the essentials -- eg. food, shelter, etc. And they end up consuming less, which means they are getting deprived even more than they did before.
Personally, I don't blame the big corps for moving manufacturing overseas to reap record profits. Maximizing profits is what businesses are supposed to do. And in the process of moving manufacturing capabilities overseas, they have helped to keep inflation at a very low level for the past 30+ years, which in turn allowed American consumers to consume more. (And in economics, you generally associate consumption with happiness.) Shifting the low profit manufacturing sector overseas also frees up the US labour forces to allow them to pursue higher profit sectors, and there is a tremendous amount of merit in that.

What is lacking is -- bcos corporations are given the opportunity to reap all these economic benefits, they should also bear the social responsibility to contribute a larger share of their profits back into society. Of course, it is naive to expect them to do so willingly.

Extreme wealth disparity is never a good thing, but it is exactly what we are having now.

Yeah, I'm getting slaughtered on the market these 2 days, but who isn't! :QQ:
Dilemma is whether to pull out now take the loss. Or ride it out with further dips and hope for the best that it recovers.

Bar stool co founder and trump supporter Dave Portnoy almost crying because he is down 7 mill in the market because of trumps tariffs. Guys like this thought they where really smart the last 4 years.

https://www.reddit.com/r/LeopardsAte...endorser_dave/

Don't be a noob, double down buy the dip

That's why dca, but yea he fucked around and found out. I don't know how to get more people to hate you and put a target on your head by causing them to lose a few trillion dollars

Tesla stock down 10% today :lol

Guess that all hands on deck call didn't workout.

I'm pretty sure that ship has sailed (though 100% tariffs could happen!). Diamond hands from this point on. I did some rebalancing in Dec/Jan and did a quick one a few weeks back (I got out of Costco just before earnings - made a very tidy profit, bought a lot of bonds/cash) but from this point on it's ride or die (Maybe I'll buy more dollar store stock - my Dollarama bet is paying off nicely and unemployment is gonna head up)

Don't say the Onion didn't warn us:

https://theonion.com/trump-says-rece...to-depression/

Surprisingly crypto is up :notbad:

Sell naked calls :fullofwin:

Disclosure, I'm down $150k in 2 days... :haha: 15 years of doing this, I've never seen AAPL tank 10% in a day.

As is GME, up 11% :chairdance:

Too bad I only have 1 share left. [2021 me] Cause, why the fuck not?

I’m still very happy with my locked in gics at 4% hahahaha. I’m glad we exited the market before this retard spiralled it into a recession

My managed investment have done very well compared to the market only down a few points

My personally managed ones I’ve lost like 20% in a 2 month period, pretty sweet

https://www.usatoday.com/story/news/...y/82708910007/

Protest movement "bubbling up"

I wonder how big this would become, and at what point does Trump start clamping down on this.

Being a HKer myself, I have seen the power of protests but I personally believe a critical mass is needed and that it needs to show at close to 10% of the population. I don't know if USA has what it takes to trump up a 30 million strong protest across the country

Stop buying stupid shit and listen to me!

Well.... ideally you would have grabbed the 20% gain after election time and THEN locked it away.

So there!!! BibleThump

Nah I’m very very conservative with investments and my money. If I even detect a hint of global instability I run for the hills and pull out into gics.

We might end up buying 3-4 flats in Melbourne and rent them out airbnb. These guys are making a killing renting it out to tourists and students. Plus I’m legally able to buy it (inflating their stupid housing market even more)

500-600k for a 2 bedroom in downtown CBD would yield 280 a night. Or monthly at 3k a month aud. That’s pretty solid !

^^ what about in cheaper tourist places like Thailand, Japan? Wonder if the ROI will be higher.

Go buy one in Thailand with two living units, and I'll manage it for ya SeemsGood

Out of curiosity and having always wanted to go visit Australia/NZ (plane tickets are too expensive for my preference lol), I looked up the taxation laws around this. Looks pretty similar to Canada, flipping houses = captial gains, business taxation is shockingly 30%, 25% for SMEs.

I rely on RS for news.............. where are the Trump protest videos?

hee hee :troll: