No. of Recommendations: 6
"But I have to admit that there are situations or worldviews in which it's not inflationary. If you work at it."
I'm looking at inflation as an American consumer would, not how an economist would look at it. All I heard from MAGA during the Biden years was that they are getting killed when they go to the grocery store, or to the gas station. Many also claimed that they were priced out of the housing market. From that perspective, if tariffs are raised on imports, groceries and other goods will go up in price. This is inflation, to the lay person. Now, all of a sudden, when Trump is in power, MAGA seems to not have the same fear of inflation hitting their wallet. They, in unison, say BS like Trust Trump, trust the process. I have zero trust in Trump, and the last couple of days have shown that not even Trump trusts the tariff process.
I rolled money into stocks today, bought IJR and IJH in taxable and IRA.
I am heavy on short term fixed income, have T-bills and CD's maturing monthly.
I will be easing back in, don't care if I miss out on any short term gains.
Trump has still let the genie out of the bottle in regards to the global economy and
trade barriers, so there will be some repercussions from the tariff episode he subjected
us all to. And he will almost certainly do more stupid stuff in the next 3 years, lol.
From what I've seen, the Markets and the other nations of the World have called Trump's
bluff, and kind of slapped him around. Of course, he spouts his usual nonsense about
blah, blah, blah, great victory, MAGA ! But he is showing himself to be spineless,
which is a good thing.
