Yesterday’s 1600 plus stock market drop speaks for itself. Trump said his plan was going to be a “boom.” It was.
Trump’s tariff plan took on most of the world. Appeared to be all, but was not. He even took into account an island or two only inhabited by penguins. However his plan failed to include Russia and North Korea. Why?
What will today bring? I suspect another negative stock market reading. Hopefully no where as bad as yesterday’s.
To the good things in life.
My MRI came out good. A relief! Still don’t know why my liver reading is off. Another blood test monday morning.
An enjoyable wednesday evening. Brady’s Irish Pub. Two biggies. Carolla and lasagna.
Carolla takes good care of me. Brought me Irish scones she had baked that day. With the add ons this time. Irish butter, English double cream and jelly. Took them home to enjoy. Two wednesday night and two yesterday. Delicious!
It has been more than a year since Brady’s served lasagna. It used to be a wednesday special. Am Irish pub specializing in an Italian dish!
The lasagna was outstanding! Try it. A winner. Even the Caesar salad and bread that accompanied it.
Ran into Bob Cerkleski that I had met the week before. He owns the art and and antique store on Fleming Street next to Fausto’s.
Met Bill and Hanna from Cape May, New Jersey. We were sitting next to each other at the bar. Retired folks, they own a condo in Key West. They were returning home yesterday as Hanna had grandmother duties to perform on monday.
Bill is retired from law enforcement. He was a prison chief. Hanna a retired administrator from the Department of Corrections. She and Bill met years ago when both were involved in police work.
They have been doing Key West for 13 years. Now their retirement home. They have two grown children and three grandchildren.
I am confident I will run into them when they return in the Fall. At Brady’s, of course.
The market opens in less than an hour. I expect my 401(k) to take another beating. Is my Social Security next? These are uncomfortable times. The loss already pisses me off. I, as all of you, worked hard to accumulate a savings. Bugs me that a third party is screwing it up. The person who supposedly is there to protect us and ours.
Enjoy your day!
You should be the stock picker, not someone else. Then you will only have yourself to blame.
It’s a good thing that nobody knows what a “tariff” is.
Hey Lou, you should be smart enough to know we don’t trade with Russia or North Korea therefore no tariffs! Duh!
Like you, I have taken a huge financial hit but keep in mind it’s just paper profits! Your 401k is still way up from where it was a handful of years ago and your lifestyle will not change one iota! These tariffs are a bold move and I hope in the long run they put the country on better footing for my kids and grandkids. Having said that, I also am unsure they will work. The voters will decide at the midterms!
Simply false, both as to facts and visuals. we did over 3 billion in trade with Russia, including not just oil, but metals, minerals, etc.,etc. They buy all kinds of things from us.
….and your defense of Trump’s foolishness on Lou’s blog is nothing short of ignorant, yet telling, trolling.
NO, this is not a bold move, it is a foolish move,
Furthermore, the voters will not decide if they (his economic meddling) will work, the markets will decide that.
People way smarter than you are predicting chaos to the extent of 1929, another Republican catastrophe!
Trump has that big tariffs would have prevented the “the great depression”. Others disagree.
Trump is a felon, adjudicated rapist, failure in many a business ventures, a low life who has stiffed many a small vendor, a hypocrite who used Chinese manufacturing to make his apparel line and and insurrectionist and election denier. Period.
Hey Lou, 2.4 billion in trade with Russia is basically nothing. Additionally, Russia is still under economic sanctions put in place by the Biden Administration. And we now know it wasn’t Biden braking the White House decisions!
En-EYW is a fool and a troll. He will not tell any truths that are not what he wants others to believe and if called out for proof, he disappears.
I looked up trade with Russia and fount (BBC figures) that the USA actually had trade of 3.5 bn, with Russia in 2024. That may not be all that much but it isn’t “basically nothing: as En-EWY wants everyone to believe.
En Eyw is blindingly loyal to anything “Trump” and loves to poke people any way he can, apparently just for fun and to be a pest, never really understanding he’s worn out his credibility and welcome.
Sad really
ewy – are you aware that tariffs are a known bellwether of fascists governments, like Nazi Germany and Mussolini’s Italy?
Why would you want everybody to wait and see how this works out? Why not, at the very least, take history (real history) at it’s word and speak out against them? Rush Limbaugh was right, the problem is we the people, or as he called us “sheepople.”
Looks like Trump has imposed tariffs on two (2) uninhabited islands Heard and McDonald, in the Southern Ocean, near Antarctica.
And we are supposed to just trust him?
Please, when will this stop?
Trump’s holdings are not those of a failure.
The government’s report on paper straws has this finding:
“Plus, they’re laced with PFAS, those pesky “forever chemicals” linked to everything from cancer to obesity to shrinking male perineum. “Consumers deserve better choices and better products,” the report states”.