2 ms·
My impression, as someone who bought USA index funds after the Trump election, and then sold them (at a loss) a few days ago, was that the Trump administration
by immibis 2y ago
My impression, as someone who bought USA index funds after the Trump election, and then sold them (at a loss) a few days ago, was that the Trump administration would do everything it can to funnel money from average people to investors. My impression now is that the Trump regime is too incompetent to achieve that, and might even just throw away the USA's exorbitant privilege of being the global reserve currency.
Note that being the global reserve currency is the same thing as having a colossal trade deficit, and that a colossal trade deficit is the same thing as a colossal surplus of goods and services. I wonder if Trump thinks it's bad just because of the word "deficit".
[e^iπ]: https://en.wikipedia.org/wiki/Exorbitant_privilege https://en.wikipedia.org/wiki/Exorbitant_privilege