You can see that the guy is expecting for Trump to disrupt and destroy all he has done to stabilize the economy. The question asked of him if he is asked to leave his office, will he comply, looks like a planted question to send a signal to the Trump administration that he will not be pushed around.
The Chairman of the U.S. Federal reserve is angry. confused and directionless. - Re: Trump election to the presidency.
- Thread starter Ceiling Cat
- Start date
You can see that the guy is expecting for Trump to disrupt and destroy all he has done to stabilize the economy. The question asked of him if he is asked to leave his office, will he comply, looks like a planted question to send a signal to the Trump administration that he will not be pushed around.
I believe Trump’s presidency will ultimately harm the long-term future of young people by giving the illusion of economic progress while laying the groundwork for a future financial burden. He will likely claim credit for stimulating the economy and improving conditions for the average American, but in reality, much of his spending will go toward deporting migrants, a costly endeavor that could end up shifting the responsibility to countries like Canada.
Trump may also try to enhance his image by renegotiating or even canceling trade deals like NAFTA, and imposing tariffs on goods from China and other nations. However, these tariffs will likely be paid by American consumers and industries, not the foreign producers they’re targeting. While he may tout the idea of bringing jobs back to America, there are very few sectors, especially agriculture where production costs are competitive with countries like Mexico.
His plan to eliminate income tax might seem appealing at first, but it will almost certainly be replaced by a Value Added Tax (VAT), shifting the tax burden elsewhere.
As for investment opportunities, the stock market will likely remain volatile, with periods of sharp ups and downs. This could present opportunities for savvy investors to profit during times of market fluctuation, but overall, the economic picture may be uncertain in the long run.
Trump is a symptom, not a catalyst. What you are seeing is the demise of the Neo-Liberal concencus that started after WW2, took full power until Clinton with the demise of the Soviet Block and the rise of China, led by the USA as powers went from being land based empires to corporate owned ones.
Isolationism is taking hold around all Western nations. Immigration, Trade/Tariffs, anti war sentiment. It's the 1920's all over again leading into the 1930's. In a new form but a similar path and probable outcome. Income inequality, the new rise of tech oligarchs and corporate ones, orchestrated regional wars for resources and profit. All are being rejected at the grassroots level.
You may want to ensure your portfolio reflects that.
Back to arguing that boogaloo bois and accerationism will bring about an american utopia, give a second chance with the same corrupt and senile rapist.
Please detail the building blocks of "your" portfolio that reflects what you typed out above.
I'm talking to Ceiling Cat. He is a trader(or claims to be). I have my money in a medium conservative one as I get closer to retirement. I am no expert on individual stocks.
My point is imo I see political trends heading towards similar conditions that resulted in the Depression. It probably won't be as profound but a correction is coming.
There is no way in this or any other universe that Ceiling Cat is a "trader".
You have money in a "medium conservative", what?
A "correction is coming" does not rhyme with "similar conditions that resulted in the Depression".
Medium Conservative investment portfolio through my workplace RRSP matching plan. I also have an actual pension(old school, not big but nice add on) and private RRSP as well. Add on some GIC savings.
And of course CPP and OAS when the time comes.
Ceiling Cat claims to be a day trader. It wouldn't surprise me because he is pretty consistent in his posts about it.
There is a greater social safety net then the 1930's obviously, and a Central Banking system to borrow forever. But imo we could be looking at double digital unemployment, a real estate correction, and a migrant problem as a result.
Russia, China, Japan South Korea all have a serious demographic collapse issue. Others less so. It will be a world wide issue. Canada with conservative banking laws and investment mindset, coupled with a great deal of self sufficiency for basics will ride it out better than most. But it will hurt. And with chaos and uncertainty comes a rise in strong man politics. Isolationism, blame the foreigner attitudes.
That is why I made the comparison. It might be coming in a different order but we have had in the last 15 years a major down turn, a migrant crisis a pandemic and a rise in regional wars. Nukes mitigate the chance of a World War, but destabilization(like 2009 in Syria and Libya) has just a great affect.
Look at the Macro.
I never claimed to be a trader. I make decisions based on probability, which makes me more of an opportunist than a traditional investor. Some people approach buying and selling stocks with a more logical mindset. Like believing Canadian Tire is a good investment because it has a national presence, or thinking Canada Goose will see a rise because winter is coming and people need winter coats. Things don’t always work out as expected. One certainty about the stock market is that nothing is certain. All the indicators may suggest a stock will rise, only for some unforeseen factor to push it down. For example, just a week ago, BCE looked poised to go up, but it didn't. The Trump victory may have played a role in that decline. The indicators still suggest BCE might climb in the coming days, but I personally think of it as a "slow-mo" stock, there are better opportunities out there for me.
Back to the topic at hand. I believe Trump is primarily interested in the presidency because it provides him with legal immunity, protecting him from financial obligations, judgments, and criminal prosecution. However, I’m not sure if his actions before or after his time in office will be fully shielded. He will likely have to face the consequences of his past promises, which could mean pushing the financial burden onto future generations. Ultimately, Trump’s presidency will stir up controversy and create disruption, not just for Americans but for people worldwide.
As for how his presidency will affect me personally, I expect it will create economic uncertainty and volatility. That can be an opportunity in the stock market. The rise and fall of the stock market present chances for those who are paying attention. Being aware of the shifting landscape is a huge advantage.
Fair enough. You had given the impression of being one.
But I also stand by the assertion he is a symptom. Not a catalyst
On the question of whether I’m a trader or not, I would say I’m not a traditional one. Having grown up in a family with a strong understanding of business practices, I am more attuned to these matters than most people. Years ago, when investors had to buy stocks through brokers, a family member explained to me that the vast majority of traders were "unsophisticated" a term commonly used by brokers at the time. This meant that most investors were essentially speculating on whether a stock would rise or fall, often without any real understanding of the underlying fundamentals. In contrast, the more sophisticated traders were those who had a better grasp of the market’s inner workings, and they profited from the mistakes and guesswork of the unsophisticated. When you're well-informed, you can better anticipate where a stock or a market is headed in the future.
As for Trump, it’s difficult to classify him in simple terms. Is he a symptom of deeper issues or a catalyst for them? Or is he both, and more? What I do know is that he is a self-absorbed individual, a psychopath who seems to care only for himself. He has no concern for the consequences of his actions, including the deaths that resulted from the January 6th riots. One person died that day, and four others died later from strokes and other stress-related causes, all linked to the chaos he incited. The office of the presidency, for Trump, serves as a shield. A way to protect himself from prosecution, avoid prison, and maintain his wealth. It's not about serving the people, it's about protecting his own interests.
Regarding the Federal Reserve, their efforts to stabilize the American (and global) economy have been gradual and measured. Some of Trump’s policies, if fully realized, could squander the future of younger generations and delay the recovery of global economic prosperity. His promises, often focused on short-term gains, could undermine long-term stability and prosperity.
