Tariff Gambit Bets Americans Will Swallow Higher Prices: Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers may disagee
Trump’s Tariff Agenda Bets on Americans Giving Up Cheap Goods
Lol, okay.
I am in the top 2% of household income distribution. Yes, we’ll buy pizzas and wings and shit like that. My wife still buys farm produce, and that’s cool. But most discretionary spending is on hold in my house. I don’t know if my employer will exist in 6 months.
I was planning on shopping for a new house a few months ago. Figured we could afford an upgrade. Nah, fuck it. I’m cool living a modest lifestyle and reevaluating over the coming years.
I sold $1mm in stocks over the last 2 weeks.
Trump is gonna fucking tank everything.
I sold $1mm in stocks over the last 2 weeks.
That must have been a really hard decision especially to incur the likely $100k+ of capital gains taxes.
Nah. I have a ton of AMT credits. And some of this was tax sheltered.
Are you just holding that in cash now? That's gonna devalue even faster. Get that shit diversified in world markets - you'll at worst lose money more slowly.
You’re kidding yourself if you think there’s safe harbor other than buying when everyone else sells.
Or, don’t take it from me, watch what Warren Buffet does.
Consider it this way: you are now wholly invested in USD on the forex market.
And you’d rather invest in what?
Go back and read my first comment, or we're just gonna go around in circles.
Point is that you and I are both making assumptions. I assume no safe harbor. You assume ex-US is going to fare better. You fail to see that you may be wrong. Historically, you’re wrong.
I'm not claiming it's a safe harbor, just that it's observably tanking less quickly than the US due to the obvious buffer.
If you were truly assuming "no safe harbor," would you be holding devaluing currency?
