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So, do I sell because he'll keep wrecking the economy, or do I hold because he'll keep backing down? What do the licensed financial advisors here, acting in their professional capacity and accepting full legal responsibility for the consequences, think?
They say "what legal responsibilities?"
Personally I sold a lot of my "total" market etfs/stocks and bought into staples/utilities/dividends just cause I've always seen those as safeish.
I'm keeping a lot, probably more than I should, in cash expecting things to get worse. I fear I may need the cash or can buy when things get worse, but that puts me at larger risk for inflation (which seems more and more likely). However, I'm not sure what would be protected from inflation at this point (maybe gold?).
The Orange Turd is a complete moron. He just on a whim crashes world markets.
That’d be funny if everyone who isn’t rich just took their money out of the market so these billionaires can just rob each other over and over instead of actual human beings
Edit: see the correction below by another commenter because I’m vastly wrong, don’t listen to me
Everything's stupid and nothing matters.
I think some of you guys are reading way too much into this.
Trump is having a dick measuring contest while Xi is letting him fuck himself.
We rely on China more than they rely on us. Think about how obsessed we are with low prices. Trade with China brings our average prices on goods way down. China also trades with the rest of the world, and they know they can weather a trade war with the US.
China is the next world leader unless the West can somehow right the ship. WW3 is going to be about who becomes the next Economy and de-facto world leader.
For anyone who needs to hear it: Authoritarian states do not think like people, they think like empires. If you were an empire, would you take advantage of the current climate?
Disclaimer: Both China and the US are authoritarian states, strictly speaking. But the State is not unified under Trump currently, so we're seeing a combination of thinking like a state and thinking like a person coming from the US, depending on the source.
It's about pulling money from the market(s) to his pockets. If the turd was in debt before, now he's (getting) rich. He is also clearly immune to any and all crimes.
If he weren't just doing this to profit off of market manipulation at all of our expenses I'd be adding this to the very short list of good things he did, including declassifying US endorsement of Syrian rebels and protecting rights to unionize (in Mexico...)