- cross-posted to:
- politics
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- [email protected]
- cross-posted to:
- politics
- [email protected]
- [email protected]
Summary
Economists warn that the risk of a U.S. recession is rising due to Trump’s 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 it’s a “period of transition.”
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 Trump’s tariff policy is fueling uncertainty and economic instability.
Yes. I have a lot of cash on hand.
Worthless. Buy gold.
gold has like tripled in price over the past few years though. That’s gonna come crashing down right?
Also we were speaking in terms of currency you can hold in your hand. I’d MUCH (can not emphasize this enough) have gold and silver in hand in my firesafe than USD or BTC. It’s currency not stock. Cash is literally worthless, I don’t keep much at all.
Well it’s a volatile asset, but over a lifetime it trends upward, just not as fast as stock. My question to you is, with the debt, with climate change, with AI, with fascism, how much do you trust currency and stocks over your lifetime?
I’m considering PHYS and VDC as a hedge today when markets open.
In what currency though? Because Trump keeps signaling he’s going to crash the dollar out of sheer incompetence.
All currencies are fucked if the world’s reserve is fucked. Besides, I’m trading those dollars for equities.
I was going to drop a bunch of cash on a mortgage prepayment and renegotiate with that
Now I’m going to let it ride.
At this point I wish I had cash in hand instead of invested.
Stocks are ownership in assets. Much better than currency. Just make sure it’s a stable good.
Nah fuck that. I’m trading cash for equities. Slowly.