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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: BenSolar   😊 😞
Number: of 4460 
Subject: Re: Have we become Monaco?
Date: 04/06/25 11:37 AM
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Covid was temporary. I don't know that this is resolvable, at least not in my lifetime, which should be another 30-40 years.

Covid killed 7 million and left 400 million with long covid. I get what you are saying, but there were permanent global ramifications of the pandemic on many levels.

I know there are some seriously terrible outcomes on the table, and the economic consequences are going to be severe for as long as the insanity continues, but if we assume that the US democracy is resilient enough that the Dems take back control of Congress come the midterms, in response to a crashing economy, then Trump's power will be much more constrained, MAGA will be voted out of office in four years and they won't have any way to conduct a paper coup any more than Trump was able to last time, and the Dems will go about putting things back in order.

I don't believe that MAGA will be able to command the military to do otherwise, though Trumps moves to install loyalists is quite worrying.

Trust will take decades to restore, but most countries will gladly accept a normalization of trade, and things will return to some semblance of normalcy fairly quickly.

Trump seems steadfast now, but if the economy is crashing hard in four months, don't we think he'll declare victory and open trade back up with much more limited barriers? So we probably won't have to wait 4 years for some normalization?
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