Summary
Economists warn that the risk of a U.S. recession is rising due to Trumpās unpredictable tariff policies.
Wall Street stocks fell sharply Monday, with the S&P 500 down 2.4%. Trump refused to rule out a recession, instead claiming itās a āperiod of transition.ā
Goldman Sachs raised recession odds from 15% to 20%, and Morgan Stanley cut its 2025 GDP forecast. Consumer confidence hit a four-year low, and the U.S. trade deficit widened to a record $131 billion.
Analysts say Trumpās tariff policy is fueling uncertainty and economic instability.
My retirement accounts are down 17% since Trump took office. Thatās worse than when Covid hit in 2020. Weāre about to enter a world of pain arenāt we.
Yes. I have a lot of cash on hand.
In what currency though? Because Trump keeps signaling heās going to crash the dollar out of sheer incompetence.
All currencies are fucked if the worldās reserve is fucked. Besides, Iām trading those dollars for equities.
I was going to drop a bunch of cash on a mortgage prepayment and renegotiate with that
Now Iām going to let it ride.
At this point I wish I had cash in hand instead of invested.
Nah fuck that. Iām trading cash for equities. Slowly.
