No. of Recommendations: 5
the economics of the global business community just changed so radically, so fast. There should be zero surprise that the stock market would react rapidly and violently to what Trump has done. Unease was already rising from the hatchet job on the federal government and the uncertainty that that was creating, and then to abruptly erect such massive barriers to global tradeIf Trump declares victory and goes back to something more measured and sane,... Way back in 2016/2017 there were many articles about the Disruptor Trump. One comment that stuck in my mind was something like "... Trump did not like the way things were going, so he knocked over the table..." (I think that was maybe from Scott Adams.)
Today, I think that the problem people are having mentally is that they expect the US President to be a normal typical politician. DJT is not that, so they don't understand what is going on, because none of what he is doing fits into their mental model of a President.
Like when you step on the 5'th step of a 4 step staircase.
When you hear "... goes back to something more measured and sane ..." that's expecting DJT to be a typical politician. How long will it take for people to get it through their heads that Trump is
NOT a typical politician?
I have said that I read a wide range of people, not just those that agree with me. Here's one who has a different take on what is going on.
https://www.coffeeandcovid.com/p/the-art-of-the-gl... You don't have to agree with him -- or any of the other talking heads on the internet. Just listen to a whole range of opinions.
"Historically, tariffs have always been used as protectionist tools (e.g., Smoot-Hawley) or revenue generators (in the pre-income-tax period). But Trump saw something every other president missed: he’s wielding tariffs as a universal negotiation tool, forcing countries to come to the table, not just to talk about widgets and steel, but to extract much broader concessions on things like military cost-sharing, tech regulation, currency manipulation, and who knows what else."From DJT on talks with the 70+ nations:
"We are likewise dealing with many other countries, all of whom want to make a deal with the United States. Like with South Korea, we are bringing up <u>other subjects that are not covered by Trade and Tariffs</u>, and getting them negotiated also. “ONE STOP SHOPPING” is a beautiful and efficient process!!!"https://truthsocial.com/@realDonaldTrump/114302499...Everybody and his brother has been saying that the stock market was way overvalued and ripe for a fall. That being the case, it is odd that this fall is blamed solely on the Trump tariff thing.
Odd that these discussions are on the BRK board. BRK has held up quite well compared to the S&P 500.
