Ambassador Richard Haass was a featured guest on this week's
Wall St Week episode.
David Westin asked Mr. Haass which countries may benefit and which may suffer due to our current policies.
Obviously, this can have financial implications.
Please, let's focus on potential economic/investing impacts
and refrain from ad hominem attacks against the current administration.
Who may benefit?The first country mentioned was Russia while the second country was China.
Israel is probably third due to our current hands-off approach.
More broadly speaking - authoritarian countries like Turkey, Hungary, and some Gulf countries.
Who may suffer?Europe will lose economically because of the tariffs.
Generally, allies who are our principal trading partners will suffer.
Canada and Mexico were mentioned.
https://www.youtube.com/watch?v=6vy3ImGQFEM&t=2850s
Comments
https://x.com/nicknotned/status/1911103417147072686?s=46&t=eFdV3_Ee_q0dJcUiWgzIfA
Your love is like a see-saw.
Saw a funny post that IKEA sells a better quality of cabinet than that of current administration. How true.
The article is behind Apple subscription paywall:
https://apple.news/Ayc6J2NV9QfmSTBad79CtQw
Another tariff post and the implication + more attacks and ridicule Trump.
These articles/interviews are all the same. The results can be bad.
Let's discuss the opposite: why I don't see it here. What will happen if most sign a deal?
Remember, any time we get something we didn't have before, it's a win.
If Europe starts spending more money on defense, it is a win too.
I'm so afraid that Canadians are angry and won't help us.
The elephant in the room is China. (https://www.foxnews.com/video/6371325293112)
Why will Russia and China benefit?
If oil goes down, Russia lose.
If the US doesn't buy Chinese products, who will? Start thinking ST pain for LT gains and stop whining. But wait, Pelosi, Obama, and Biden believed in stopping China and put tariffs in place.
Let's start talking about how to make money or even protect it. This is not the first decline. I want to know/discuss what to do Monday each week.
What to do on Monday? Take a peek out the window and hope Orange has not yet destroyed everything. What to do with the portfolio on Monday? Protect it. Hide it. Because y'know, that Frederick Douglass guy is doing a great job. Is it 2028 yet?
canon: 1) a general law, rule, principle, or criterion by which something is judged
2) a collection or list of sacred books accepted as genuine
Seems to me that we have a lot of both loose canons and loose cannons.
deluge of deliberate misinformation and stupidity, quite astounding, and consequential
https://open.substack.com/pub/paulkrugman/p/repost-the-fraudulence-of-waste-fraud?r=tcpky&utm_campaign=post&utm_medium=email
Of course, the lib media keep feeding you what you want to hear too. After all, they are selling a product.
The previous administration had the biggest inflation in the last 40 years and 2022 was one of the worst for bonds but none of the same people and media freaked out and posted daily hundreds times about the end of American dream.
That time was much worse.
We are in a transition time until things will settle. It will take months to resolve the unfair tariff practices.
In his term Trump asked the NATO countries to increase their defense budget, they all laughed and dismissed it until he told them the USA will defend them and they increased their budgets.
I could be wrong but no one else achieved it.
TDS is a major lib illness.
What can you do now
1) stop reading the same sources that claim the US is close to destruction.
2) most investors should hold their asset allocation according to their goals and hardly trade.
Whether lib, conserv, green, Martian or plaid: none of those labels matter when the Chief Exec. flagrantly ignores the constitution and creates havoc with tariffs. Achtung! Pass the Orange Kool-Aid, while we all just hide from the facts and worship at the Altar of Orange.
His coup d'etat continues apace. The USA's standing on the world stage is already greatly diminished. Trade partners have already begun looking for other, reliable, partners to buy and sell with. Meanwhile, people are disappearing and being detained or sent to the El Salvador gulag simply for disagreeing with the current Orange regime. I just read that some students at Univ. of Hawaii are among the latest to have their visas revoked. So much for the Rule of Law... Can you say, "Brownshirts?"
https://en.wikipedia.org/wiki/Sturmabteilung
Trump Denial Syndrome is a major MAGA malady.
What is a proven remedy for this toxic disease?
1) Extricate yourself from right-wing media echo chambers (e.g., Fox News) and seek actual facts.
Using Media Bias / Fact Check as a reference, the following article lists reliable news sources
to help facilitate your search for the TRUTH.
https://www.skepticallibrarian.com/2024/07/25/most-reliable-news-sources/
We are in total agreement regarding your second point.
Portfolios should be constructed with an asset allocation tailored to an investor's goals
and subsequent trading should be minimized.
It's truly refreshing when you reference evidence-based investing for a change!
Anyway, can you please focus on the potential economic/investing impacts
of current policies as stated in the OP?
No other currency in history has been so globally dominant.
Foreign exchange reserves are most often denominated in US dollars.
Three quarters of global trade and 85% of all currency swaps involve dollars.
Recent policy actions have incentivized governments, central banks,
and financial institutions to question their dependence on the dollar.
Podcast
It's not a secret that I'm not a B&H investor. I invest based on current markets, not any prez or politics. If it's not reflected in the price and charts, I don't do anything.
So, if you guys are serious and want to discuss what you are actually doing with your portfolios, then it belongs in the investment forum.
All I see is political discussion. Look back at this thread and tell me where you discussed your portfolio. From the 3rd post it's about bashing the prez.
Basically, there are 5-7 posters that turn this site into a political rant in many threads. I participate in several investment sites and this is the only one that keeps doing it and this site used to be one of the best.
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Who or what else should we bash pray tell? It is him!
Not his party, not his followers, not his surrogates, not his minions IT IS HIM. His policies, his dribbles, his tweets, his statements, his rambles, his utterances, his whoa-be-me's. His, his, his! Even if there were a sound mind to be found amongst his entire circle he would cancel them out in the blink of an eye because it's all about him.
Hell, even a bastion of conservative money policies, the WSJ, thinks he and his tariff toys are nuts!
At least checks and balances used to somewhat level the playing field. Not no more currently.
This should/would require a Wi-Fi enabled device in order to perform 'firmware burn' or 'flash update' in order to keep the message up to date. One would expect to have to 'flash' the firmware several times a day, eh?
Please stop your incessant whining!
These activities are extremely disruptive and impede MFO participants' ability to fully leverage forum resources.