Red Mosquito

Peeps wrote:lets see if this pans out

announce tariffs
stock market drops
billionaires buy lots of stock
roll back tariffs
stock market rebounds
billionaires get richer


(saw this floating around on the webz)

The illogic of this has always been that it treats the rest of the world like NPCs.

Even if we lifted these tariffs tomorrow, nobody is going to bank their future on the idea that we might not do it again in a week. You don’t get to say “OK, I got what I wanted, so everybody move back to their starting positions.”

We’ve been pouring poison in our own well, right in front of everybody. You can stop pouring the poison….but it’s gonna be a good long time before anybody thinks it’s a good idea to drink from the well again.

spike wrote:

Bi_3 wrote:well, today set retirement back years.

Ready to jump ship?

Nope. I’m a true believer in ‘Merica despite its current shortcomings and setbacks.

Bi_3 wrote:

spike wrote:

Bi_3 wrote:well, today set retirement back years.

Ready to jump ship?

Nope. I’m a true believer in ‘Merica despite its current shortcomings and setbacks.

I’m referring to the current ‘stration not the nation.

96583UP wrote:

Trump is without a doubt completely and utterly economically illiterate when it comes to international trade.

Also curious to hear: what are your DOB, SSN, Address, Mother's Maiden Name, Place of Birth, Make of Model of First Car, Name of Street, Favorite Vacation Destination, and the 3 digit code on the back of your Debit Card? And if AMEX, the 4 digit code on the front of the Card?

tragabigzanda wrote:I’m curious to hear from RMers: what’s the market damage to your/your parents’ retirement plans? Specifically interested in anyone who’s at or near retirement. Seems like working age still has time to keep your money out and ride things out, but if you’re 60+ how bad is it?

I haven’t looked at mine; I’m not going to fret over it at this point, even though I think Trump is incompetent (both terms)

My dad worked up a good retirement and left my mom with a comfortable retirement account. I asked her how much she lost this past week. She said about $25k. I was expecting worse.

tragabigzanda wrote:I’m curious to hear from RMers: what’s the market damage to your/your parents’ retirement plans? Specifically interested in anyone who’s at or near retirement. Seems like working age still has time to keep your money out and ride things out, but if you’re 60+ how bad is it?

Working age will in turn have to financially help their retiree parents, since they took a hit. No one is unscathed.

This fucking guy.

“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” the President told reporters aboard Air Force One.

“We have been treated so badly by other countries because we had stupid leadership that allowed this to happen…What’s going to happen to the markets I can’t tell you. But our country is much stronger.”

He has spent every waking moment not on the golf course for the last ten years to shamelessly broadcast around his country and the world that he wil make all the markets go up, and then he has the audacity to say "...what's going to happen to the markets I can't tell you...".

When are we going to be rid of this unapologetic buffoon?

tragabigzanda wrote:

spike wrote:

tragabigzanda wrote:I’m curious to hear from RMers: what’s the market damage to your/your parents’ retirement plans? Specifically interested in anyone who’s at or near retirement. Seems like working age still has time to keep your money out and ride things out, but if you’re 60+ how bad is it?

Working age will in turn have to financially help their retiree parents, since they took a hit. No one is unscathed.

varying degrees to this but yeah

Sure, but inflation prices and no more push to slash prescription drug costs ain’t good for pensioners.

I also don’t see this administration being too worried about addressing the big issues people are starting to feel around the astronomical costs of decent late life medical care.

Hold on to your butts we're going back to the stone age.

Burt fighting every urge to stockpile footlong subs.

printers are coming

My retirement fund is back to August 2024 levels.......

I've been pre-buying Euros in advance of our September Spain trip. The Aus dollar is plummeting at the moment (as is its want to do whenever there's any hint of market instability).

I can't believe the world's financial markets are the plaything of a single narcissistic fuck head and his egotistical desires.

Trump will go down in history as the dumbest political leader of all time.