re: S&P down 10% in 3 weeks

In times like this, max liquidity is probably best. Aren’t you in tech? If so, hold on to your butt

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Well his first term the stock market went through the roof

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To be fair, it was already well on it's way up at the end of the Obama presidency. The S&P rose 189% by the end of his second term. Trump took over a very healthy market for stocks.

Biden's stock market returns were solid, but the overall economy was in much better shape after Obama than Biden, so any shocks to it like tariffs are going to have a pretty negative effect. The economy does not like uncertainty and chaos, which is what we've gotten over the last ~6 weeks.

The question now is how long does this last? Will he relent on the on again, off again tariffs? I don't know how many hours I've spent over the last 3 weeks working on mitigation plans with my stakeholders and suppliers, only to see once again that the tariffs are postponed. I could be doing something more productive, but that's the cycle we're stuck in right now. We don't buy that much from Mexico and Canada, but we have enough spend coming from those that it will definitely have an impact on our end customers were tariffs to end up being permanent. My Stakeholders also produce in the US and export into Canada. Any increases here or in Canada will be passed directly on to customers. Suppliers may absorb a small amount of it, but no one is eating a 25% increase.

Say what you will about tariffs, but this is not a healthy business environment right now and the stock market is showing that.

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Wife’s the breadwinner

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Say what you will about tariffs, but this is not a healthy business environment right now and the stock market is showing that.

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Agree completely.

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There’s really no other way to get those interest rates down to refinance the 10 trillion in debt that we have to refinance

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Ya ever heard of stagflation? It's the worst of both worlds....inflation in a stagnant/shrinking economy.

Our GDP is dropping, markets dropping, in a market correction and very likely to learn in a few months that we're currently in the beginning of a recession.

Oh, but we're also raising prices via tariffs so inflation is going to be a motherfricker while in a recession.

Do you think the Fed drops rates to cure stagflation?

Citbank

FYI I don’t do bad myself

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Our GDP is dropping, markets dropping, in a market correction and very likely to learn in a few months that we're currently in the beginning of a recession.

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GDP has been held up solely by debt growth for the last couple of years. For consumers, that's been credit card debts being carried forward with a blistering 20+% interest rate. Imagine how much GDP drops once those cardholders start defaulting and their ability to use credit becomes shite.

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GDP has been held up solely by debt growth for the last couple of years. For consumers, that's been credit card debts being carried forward with a blistering 20+% interest rate. Imagine how much GDP drops once those cardholders start defaulting and their ability to use credit becomes shite.

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Good point....especially as the job market inevitably fades.


It's like my old econ prof used to say...."when an economy is shrinking, it's a perfect time to start a trade war and deeply cut government spending".




He didn't say that, of course. No one with a brain would say that.

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We should keep the gravy train rolling forever! ...at least until I die then the ones after me can deal with the fallout

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Ya know how there's been a big debate about the value of experts, scholars, and intellectuals since COVID and half the country is like "frick those guys, we don't need 'em!"?

It's easy to say that when things are going swimmingly. When shite hits the fan, as it's starting to do now, you quickly learn that just MAYBE it's wise to trust people who know what the frick they're talking about. In other words, you sound like a fricking ignorant buffoon. Just quit. You're making yourself look incredibly dumb.