US Politics |OT|

[SvennoJ]

Pemalite said:

My US investments has started to decline by a few points, so pulled the pin before I lost any significant amount of money. (So I am still ahead).
Smarter to invest in Europe in the long term I think, far more stable and a larger market. Stuff the USA.

Super Annuation (Which is compulsory here) which is currently 4.2~ Trillion and set to be the largest pension scheme in the world by 2030 (For a population of only 27~ million with a GDP of 1.7~ trillion) has also been hit hard by Donald Trumps garbage, I am down a few grand on that, others are far far worst off who invested in US markets.

Crypto is down significantly, so might be worth watching Bitcoin over the coming weeks for a good cheap pickup on that.

Everything is borked.

Out of curiosity does the USA have triggers in place to eject a president who catastrophically damages the nation? Here we can fire our prime minister via a few triggers, notably the Governor General can fire our leader when our leader breaks the law or is just a fuckwit.

Politically we are starting to see a shift in sentiment here... Our conservative leaders have now started to change their tune to push more progressive ideas rather than ideas similar to Trump to gain the popular vote.

Same here in Canada. Last year was good investing after a couple slower years, finally rebounding from the pandemic. So I'm now paying (extra) taxes over the capital gains from that, while those gains have already largely evaporated since Trump started with his tarif nonsense. Guess I'll get a tax return next year for capital losses, but this year I'm basically paying double since installments are based on prior year taxes.

Bit of extra money for holiday and home improvement turned into dipping into decreasing investments to pre pay next year taxes based on gains that will be gone soon. Basically put any home improvement on pause until next year's tax return.

And likely many more people are in the same situation, either from savings declining and/or the rising cost of prices, hence recession imminent :/

This market shake up couldn't come at a worse time.

I don't have crypto at least (never will). Still got my morals.