by liam 95 Replies latest social current
It's sickening to me to watch and hear him congratulate the cronies in his office that made millions from the insider trading in the downturn.
He doesn't think at all about the millions lost to the millions of regular folks and small businesses. The money in my portfolio means nothing to him, but it is everything to me.
Manipulation at its finest. Only care about the people that can give him something back for his generosity to the wealthy.
TD
The days of standing at a machine all day are gone,
That was the point, namely, that those expecting the return of manufacturing to bring with it a return of the same number of jobs as previously are going to be disappointed. Furthermore, whatever the rights and wrongs of this situation, attempts to reverse it (Ref. AnnaNana) are going to be no more successful than those of the Luddites.
Don’t mind the recent volatility in the markets.
Have been trading some quality stocks. Buy them low and get rid of them when
they rebound. Easy money in just a couple of days!
Don’t mind the recent volatility in the markets.
Have been trading some quality stocks. Buy them low and get rid of them when
they rebound. Easy money in just a couple of days!
Only if they go back up, its nothing but a timing gamble in this type of market - unless you are one of Trumps buddies.
But yes - if you are lucky you might do well.
Gold Siver Copper Uranium Antimony and Critical Metals are what I trade.
These commodities are in high demand, with future demand outstripping supply
A point of clarification: Trump's public actions and proclamations are not an example of insider trading, which is done behind the scenes to benefit a specific few.
His actions are better categorized as market manipulation, including both his on/off threats about tariffs and his tweet about how it was a great time to buy. This isn't good. This is a multi-trillion-dollar behemoth and he is the leader of the world's wealthiest nation. If he were on the outside looking in, he would likely be outraged by it.
That said, I agree that it's a good time to buy during any downturns, as the market is being volatile but should ultimately continue its long-term upward trajectory... eventually.
What’s funny to me, like the first term: Trump does thing A - oh no evil orange man bad, how could he do such things. Trump does the opposite of thing A - oh no evil orange man bad, how could he do such things.
The markets in the US traded about equally throughout the days, China’s market cratered. Tariffs were promised during the election to those that didn’t lower theirs; tariffs were instituted to those that didn’t listen; 75 countries came to the table as they saw he was serious; tariffs were temporarily lowered from averaging ~20-30% to 10% (but not removed) for countries that didn’t retaliate; China still has high tariffs, the rest of the world has 90 days to come up with a plan.
This Is nothing but consistent with his message. It is what Main Street voted for and these market swings haven’t affected your pensions. Some day traders on Wall Street lost a few billion in foreign markets and repatriated their money from Hong Kong and Beijing into US bonds. Major companies announced billions in trade and build out of China.
Seriously; what was the downside here? Did you personally lose any money? Did you have millions invested in Asian markets? Because if so, this wasn’t insider trading, this was announced 6 months ago and people (as usual) didn’t believe it was possible Trump could move that fast with all the bureaucracy. Guess what, the president has powers donated to him by a century of near continuous Democrat and Neocon rule - you created this monster - rein it in, which means cutting down government to proper size.
4/11/25 lunch update.
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Last Updated:
April 11, 2025 at 12:02 PM EDT
https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-11-25
Looks like another predictably unpredictable week.
Gold has been reaching new highs. I have to chuckle when I think back to our old next-door neighbor, the cheerful garbage man. He got off work early afternoons everyday. He would change, put his metal detector over his shoulder, and take his two noisy mutts for a walk for a couple of hours. He always waved and had a big smile. He always lived below his means and slowly remodeled his mid-century modern house. Over a beer one afternoon he showed me the results of his dog walking.. a mason jar of gold nuggets worth thousands. The result of his methodical metal detecting every day while walking the dogs. lol No white knuckles, no brokerage fees, taxes, or management fees. :)
Balaamsass2: He always lived below his means
This is, IMO, one of the underrated keys to happiness. It means that you're not just debt free (with the possible exception of a mortgage), but that you're not always dancing on the edge of a knife with regards to monthly expenses. And that you're probably in good shape to deal with the unexpected expenses that crop up from time to time.
I've often told my friend's kids about the importance of living below your means and saving money. The extra peace of mind you get, and the lack of accumulated stress and anxiety, are worth more than all of the fancy stuff you could've bought (and gotten into debt for).
