I shall add that as a lowly peon, I’m expecting big financial troubles with the new administration. Tariffs? Trade wars? Wars? All of these things make me not want to spend money. They make me want to hold onto my money. As my grandmother used to say “use it up, wear it out, do without”.
Hi Elizabeth @ebhook. The problem with USA right now is that many people think they are lowly peons, as you eluded to. But you are not a lowly peon. You pay taxes. you add to the economy. You work. You are a family member and a friend. You are an important part of this country, your state, your city, your employer, and your neighborhood.
Also what is about to happen, is not Trumps fault. It is Bush, Clintons, Obama, Trump, Biden et al. As well as all the local govt officials who did nothing but siphon off our tax dollars.
We all need to stop thinking it is red vs blue, right vs left. As much as it pains you to hear it. Biden would prefer to have dinner with Trump than you or I.
We have problems so big it will take 50+ years to fix, but we operate on 2 and 4 yr election cycles. So... if the economy comes crashing down, please stop blaming 1 person. It is the entire collective. The current folks in power have spent more than Obama and Trump combined. They continue to lie to us about inflation and unemployment for the past 4 years.
Trust no one. You are more powerful than you think. Things will get better after they get a little worse. Hang in there. Health is our first wealth. Happy Holidays! Thanks for your comment.
"Trust no one" is quite a statement. You may want to qualify that. If you need a kidney stone removed I sure hope you are going to trust the surgeon. From the time of FDR's new deal and investment in the little guy we have seen a period of great economic prosperity. Have some people been left behind? Of course. This statement that Biden would like to have dinner with Trump before anyone else is complete bullshit. If I take the opposite argument it doesn't even matter! Yours is still a bullshit statement. I believe you are trying to do the right thing. But your approach is intellectually sluggish. There are people you trust and your actions reflect their influence. Democrats generally have favored higher taxes on the wealthy and banking regulations that had avoided major crashes from the time of the New deal to the bush debacle s&p crisis and then of course 2008. We have seen the stripping of regulations and tax structure favored by the Republicans mainly result in the greatest wealth disparities known.
Thanks for your engagement. Those waiting to be saved by either side will be sorely disappointed. But you and I are too old to change our views anyway. Thanks for the insults. Was quite a treat. Good afternoon and happy holidays to ya
I don't know the timing of it, with January and all the way out to March being a seasonal possibility, but the components are all there. It could be a mere grain of sand that sets off an avalanche from these levels.
100% correct it was an AI NotebooksLM podcast. I was not trying to misrepresent. I simply forgot to tag it as such. But if you listened to it, the intro had a disclaimer as such. Thanks for the engagement. But don't be pissed off by such small details in life. Have a happy holidays!. I would recommend this to you...https://www.notyouradvisor.com/p/shoes-off-in-the-trading-room-please
Given the retirement funds we lost during Trump 1.0, I was already considering liquidating retirement funds and keeping them in my Amex online savings at 4% interest.
Now, I hear that Trump advisors are making noises about ending the FDIC.
I’m no genius, but I expect a crash. Only an idiot would believe the future is bright.
What’s gonna happen to all the dreams we are supposed to support? Seriously. How y’all gonna support your kids dreams after the crash? Where is all that deposable money gonna come from? Who’s gonna buy the cakes, cookies, and pies? What’s gonna happen to senior trips? Maybe the kids will start appreciating grandma’s old stuff…
I shall add that as a lowly peon, I’m expecting big financial troubles with the new administration. Tariffs? Trade wars? Wars? All of these things make me not want to spend money. They make me want to hold onto my money. As my grandmother used to say “use it up, wear it out, do without”.
Hi Elizabeth @ebhook. The problem with USA right now is that many people think they are lowly peons, as you eluded to. But you are not a lowly peon. You pay taxes. you add to the economy. You work. You are a family member and a friend. You are an important part of this country, your state, your city, your employer, and your neighborhood.
Also what is about to happen, is not Trumps fault. It is Bush, Clintons, Obama, Trump, Biden et al. As well as all the local govt officials who did nothing but siphon off our tax dollars.
We all need to stop thinking it is red vs blue, right vs left. As much as it pains you to hear it. Biden would prefer to have dinner with Trump than you or I.
We have problems so big it will take 50+ years to fix, but we operate on 2 and 4 yr election cycles. So... if the economy comes crashing down, please stop blaming 1 person. It is the entire collective. The current folks in power have spent more than Obama and Trump combined. They continue to lie to us about inflation and unemployment for the past 4 years.
Trust no one. You are more powerful than you think. Things will get better after they get a little worse. Hang in there. Health is our first wealth. Happy Holidays! Thanks for your comment.
"Trust no one" is quite a statement. You may want to qualify that. If you need a kidney stone removed I sure hope you are going to trust the surgeon. From the time of FDR's new deal and investment in the little guy we have seen a period of great economic prosperity. Have some people been left behind? Of course. This statement that Biden would like to have dinner with Trump before anyone else is complete bullshit. If I take the opposite argument it doesn't even matter! Yours is still a bullshit statement. I believe you are trying to do the right thing. But your approach is intellectually sluggish. There are people you trust and your actions reflect their influence. Democrats generally have favored higher taxes on the wealthy and banking regulations that had avoided major crashes from the time of the New deal to the bush debacle s&p crisis and then of course 2008. We have seen the stripping of regulations and tax structure favored by the Republicans mainly result in the greatest wealth disparities known.
Thanks for your engagement. Those waiting to be saved by either side will be sorely disappointed. But you and I are too old to change our views anyway. Thanks for the insults. Was quite a treat. Good afternoon and happy holidays to ya
I apologize! it was a bit coarse I just hate that blanket both side isms. I completely agree with your last sentiments!
I trust dogs more than politicians. Thanks for being a Veterinarian.
🙏
Jeremy Grantham has said we’re in a Superbubble being held up by AI.
I don't know the timing of it, with January and all the way out to March being a seasonal possibility, but the components are all there. It could be a mere grain of sand that sets off an avalanche from these levels.
We will be in the corner of the room watching it unfold
AI podcast...just FYI...kinda pisses me off when it's misrepresented...
100% correct it was an AI NotebooksLM podcast. I was not trying to misrepresent. I simply forgot to tag it as such. But if you listened to it, the intro had a disclaimer as such. Thanks for the engagement. But don't be pissed off by such small details in life. Have a happy holidays!. I would recommend this to you...https://www.notyouradvisor.com/p/shoes-off-in-the-trading-room-please
Given the retirement funds we lost during Trump 1.0, I was already considering liquidating retirement funds and keeping them in my Amex online savings at 4% interest.
Now, I hear that Trump advisors are making noises about ending the FDIC.
They are determined to ruin us all.
https://open.substack.com/chat/posts/137d5196-e530-461f-ab31-402ba5e7e7fd?utm_source=share
I’m no genius, but I expect a crash. Only an idiot would believe the future is bright.
What’s gonna happen to all the dreams we are supposed to support? Seriously. How y’all gonna support your kids dreams after the crash? Where is all that deposable money gonna come from? Who’s gonna buy the cakes, cookies, and pies? What’s gonna happen to senior trips? Maybe the kids will start appreciating grandma’s old stuff…
https://open.substack.com/pub/dougaldlamont/p/the-deep-economic-explanation-for?r=9gk0j&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false