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End Times
On Sunday morning, I quoted a CIO who spoke to Bloomberg about the unprecedented circumstances marke
I am a steward of others capital. April has been harrowing for me. And I don’t aggressively invest client funds and focus on risk levels, liquidity, and diversification. I cannot imagine the stress levels of others….
Starting since 2016 I’ve been disparaged as having Trump Derangement Syndrome. Even now I get LOLs when I sound the same alarm. I’m sheparding my family’s small fortune as best I can. But it’s very difficult to throw off John Bogle’s wise advice when the foundations of that advice are crumbling under our feet.
I don’t doubt murder and oppression are ahead of us, if the grifters in Congress fail this singular test.
I have hated America’s worst tendencies as much as any ‘progressive,’ ‘liberal’ or ‘left winger’ and have appreciated America’s exceptionalism (democratic and economic, primarily) more than most ‘conservative’ or ‘right winger’ (or at least that they would ever give me credit for), but I have NEVER thoughtfully considered leaving the US….. until now. When I sell my shops and retire in hopefully four or five more years, it may be to Europe or somewhere quiet in the Caribbean (global warming be damned).
Ever wonder what you would do if you lived through the Hitler Nazi experience? Well, you are living it today! In the movie We Are The Lucky Ones every member of the multiple clan of families had to make a decision on how they would respond to Hitler. Some pretended, some went into the woods and fought, some escaped Germany, others blended in and resisted, etc. I know how my wife and I are responding. Never dreamed I would be here…
Yeah, it’s infuriating. I told my wife in Feb I should maybe sell all US stocks and move it to EUR and CHF bonds and cash. I sold quite a bit, but not enough. 1 month later and some stocks still down a lot, plus 8% depreciation of the USD to EUR. I mean, wtf. Today the dollar depreciates another 1.6%?
Is anyone around Trump going to wake up and put in some guard rails? It pisses me off but can’t do shit about it.
I remember the Lehman period well. What scared me shirtless was the order book of a large truck-maker. Previously it had been thousands of units. When they reported, they had one unit in their order book. It is even sccarier now when the financial community, legal community and Republican politicians are complicit in this fascism. Previously everyone was more prone to working together to solve the problem
Even the Pope doesn’t want to see how this ends.
(JD Vance for Pope?)
I recall you saying many months ago that Trump being elected would not impact you directly. It seems you may have underestimated round 2 of this guy.
The US stock market is uninvestable right now. Stocks are a long term investment and, as has been demonstrated daily, no one knows the extent of the damage Trump will wreck on our country in the near term or long term.
It fits that the greatest confidence game of all time is being torn down by the greatest con man of our generation. Time to jump into my bomb shelter….