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So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more fo

So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.

guelo 1y ago
Why cash when inflation is coming?
- randunel 1y ago
  You need liquidity when recessions come. Less liquid assets go for lower than usual since cash is king during those times. But nobody can predict recessions.
- ghaff 1y ago
  Cash often refers to Money Market funds and the interest they pay tends to track inflation. There are also ibonds but you can invest a fairly limited amount in them.
  - lotsofpulp 1y ago
    Money market funds haven’t tracked inflation for people living in higher prices areas for a long time. Maybe if you already owned your final house and didn’t need healthcare or education.
    - ghaff 1y ago
      I was getting 5% until recently which isn’t that far off of where inflation hit. Of course, as you say, some things are higher although a normal age retired person isn’t that exposed to them.
- muzani 1y ago
  Cash can bleed slower than the others, especially if there's stagflation. Liquidity is nice too during uncertain times. Also nearly 100% tariffs on one of the biggest trading partners is unlikely to hold for very long. There's probably a lot of options because of that.
dayvid 1y ago
There's definitely going to be another change before 3 months are up.
- amanaplanacanal 1y ago
  Yep. He flip flops like a dying fish. There is no way to predict what idea he's going to have 90 days from now.
  - dcow 1y ago
    Responding in good faith to other countries’ willingness to negotiate fair trade terms isn’t exactly flip flopping. In fact he did the same thing with Mexico. If the market was paying attention it would have accounted for this…
    - TheOtherHobbes 1y ago
      It's interesting how person's nakedly obvious dump and pump corrupt opportunism is another's "responding in good faith." The problem remains. Anyone who imports from China - which covers a lot of the economy - is screwed. And Rest of World no longer trusts anything he says.
    - thfuran 1y ago
      He is pathologically incapable of operating in good faith.
    - ajross 1y ago
      > other countries’ willingness to negotiate fair trade terms This is a fabricated justification. There has been literally zero public reporting of any trade negotiations post-tarifpocalypse. The only people saying there are deals being made are the White House, who have produce zero evidence of deals. No, Trump was responding[1] to the movement of the market and in particular to the sudden spike in federal bond rates. This was absolutely not a win for Art of the Deal. There was no Deal. [1] In "good faith", to be sure.
    - michaelmrose 1y ago
spacephysics 1y ago
Think the hope and idea is there’s concrete agreements established before the 90 days are up
- jwilber 1y ago
  What makes you think this? Separate, possibly unrelated question: what was trump’s goal when he created and rug pulled the Trump coin?
  - dcow 1y ago
    The fact that what they’ve been saying all along is that the goal of the reciprocal tariffs is to renegotiate with all countries for a more fair economic playing field. Many people aren’t so fickle as to just assume everything the party they don’t like is doing is insane and a big conspiracy to insider trade and ruin the world.
    - fzeroracer 1y ago
      That's what they say but we literally went through this whole mess not even two months ago with Canada and Mexico. He's already showed he's insane and cannot be negotiated with.
    - Kbelicius 1y ago
      > The fact that what they’ve been saying all along They weren't saying that all along. They were saying that tariffs are a tool that will be used to reindustrialize the USA.
      - michaelmrose 1y ago
        While also saying they were going to be a replacement for the IRS and to stop illegal immigrantion and drugs and force Canada to become the 51st state. Full on grandmas off her meds level nonsense.
    - apical_dendrite 1y ago
coldpie 1y ago
> How are businesses supposed to plan anything in this environment? Who cares? Business leaders & the politicians they helped elect are stripping the copper from the country. Whatever's left when they're done is someone else's problem.
- ProfessorLayton 1y ago
  I care?? Much of my family works in trades, have their own small businesses with employees and are very much subject to tariffs for their supplies. They did not vote for any of this.
  - JKCalhoun 1y ago
    (2^ that was sarcasm)
  - squigz 1y ago
    I think GP meant, "Who in power cares"
  - coldpie 1y ago
    > They did not vote for any of this. Me either. I'm afraid you'll have to ask the people who did elect the copper thieves for an explanation.
  - solid_fuel 1y ago
    If they voted for Republicans, they did in fact vote for this. It doesn’t need to be like this, congress and specifically the Republican majority which controls it can act to reclaim the power of tariffs from the president _at any time_. All of this chaos is specifically because they have chosen to be complicit instead of opposing the president. If you want the madness to stop, call your representatives. Speak to your family and ask them to do the same.
    - jauntywundrkind 1y ago
      > congress and specifically the Republican majority which controls it can act to reclaim the power of tariffs from the president _at any time_. After overriding a veto, which Trump has already stated he'll use, to block Congress taking back the power of tariffs: https://bsky.app/profile/sahilkapur.bsky.social/post/3lmak2whjgk2s https://bsky.app/profile/sahilkapur.bsky.social/post/3lmak2w...
SpicyLemonZest 1y ago
The administration has signaled that they expect to negotiate acceptable balance-of-trade deals with the US's Asian allies over the next few weeks. If that happens, I can see businesses being certain enough to make investments. Until then I'm bracing for a recession too.
- scarface_74 1y ago
  You mean like he railed against the Canada/Mexico trade deal that he negotiated during his first term?
  - SpicyLemonZest 1y ago
    I feel like you're arguing against something I didn't say. I agree there's a good chance the president will make up new tariffs or fail to negotiate some of the current ones. If that happens then trade deals with Asian allies won't reassure anyone. That's why I'm still preparing for a recession.
- re-thc 1y ago
  > If that happens How does that help? The steel and auto tariffs are still in place. There are plans on tariffs for other industries. You'll be hit 1 way or another.
  - monero-xmr 1y ago
    The idea would be that different parts of the supply chain would build factories in the US to avoid tariffs. Money collected on tariffs would be redistributed in the form of tax cuts. The end goal would be 0% corporate and income taxes, funded with high tariffs. Over time the US re-industrializes.
    - re-thc 1y ago
      > The idea would be that different parts of the supply chain would build factories in the US to avoid tariffs. Right, because the US doesn't have diamonds, vanilla, coffee beans or the many other things it needs? How do you avoid tariffs like this? The US still needs fish from the penguins. What's the plan? To tell penguins to stop fishing and come to the US and work in factories? > The end goal would be 0% corporate and income taxes, funded with high tariffs. Well you have that right. When there's 0% of the people working no 1 will be paying corporate and income tax. It'll just crash. > Over time the US re-industrializes. Like it's gone? You do know the US is the 2nd largest global manufacturer right? That is even today. So do we need to blow that up 1st in order to re-industrialize?
RyanOD 1y ago
I'd say you should brace yourself for rides like this for the next 45 months.
- dmd 1y ago
  Aren't you optimistic!
- bluGill 1y ago
  What makes you think OP will die in 45 months? Rides like this have happened regularly for longer than I can remember. The details always change, but there is nothing new.
anthomtb 1y ago
We are in for this ride, at indefinite intervals, for the next 3.75 years. Well, unless congress grows a collective sack (unlikely) or President Trump comes to his senses on macro economics (past experience suggests this is impossible). > How are businesses supposed to plan anything in this environment? They cannot. This is how you can tell Trump was never a real businessman, but rather a TV host and a celebutante. I'd venture nearly all major American business, public and private, depend on stability in the American government. Trump's actions make it painfully clear he is not, and never was, really part of the "business" or "deal making" world.
- netsharc 1y ago
  I joked to a friend that Trump is going to cause a new religion to start. One that makes people pray that today he does what they want (e.g. just shut up and not yell "China, 500% tariffs!") Or one that makes people pray that one of those cheeseburgers he's been eating finally does something...
- the_af 1y ago
  > Well, unless congress grows a collective sack (unlikely) or President Trump comes to his senses on macro economics We in Argentina feel for you: it's exactly the same for us, replacing Trump with Milei. And with the added humiliation of Milei being a lapdog to Trump. This phrase of yours "unless congress grows a sack" is exactly how we feel about our own congress in Argentina.
  - gtech1 1y ago
    Wait, so all those stories about Argentina doing better under Milei aren't true ? What's going on over there ?
layer8 1y ago
It seems unlikely that the next 90 days will remain calm and stable.
- seanmcdirmid 1y ago
  Ya, I don't know what Trump is going to do in the next 90 days, but it will probably not just be working on his golf game (although we can hope).
  - mullingitover 1y ago
    He needed to take some time to work on his other passion project, kidnapping US citizens and disappearing them permamently into third world gulags[1]. [1] https://www.usatoday.com/story/news/politics/2025/04/07/trump-el-salvador-amercian-prisoners/82982777007/ https://www.usatoday.com/story/news/politics/2025/04/07/trum...
    - 1659447091 1y ago
      That's a Stephen Miller passion project, Trump only cares about it in so much as it get's him votes for his real passion project: the money grift with a side of staying front & center in the news.
  - yibg 1y ago
    I used to criticize trump for playing so much golf while in office. Now I wish he'd spend a lot more time playing golf.
- tim333 1y ago
  The 125% on Chinese imports effective immediately in itself doesn't seem that calm or stable.
Buttons840 1y ago
The President can only legally set tarrifs in an "emergency". Planning tarrifs 90 days out is really stretching the definition--I'm not holding my breath, but maybe the courts will uphold the constitution on this one?
- isleyaardvark 1y ago
  Normally there are rules regarding how long an emergency can last. This is why, I kid you not, the Republican controlled Congress declared there are no more calendar days in this session of Congress. Every day is March 11. So they'll let him do it as long as he likes.
  - cyberax 1y ago
    Ah. So that's why it looks like the Groundhog day with the tariffs.
  - jauntywundrkind 1y ago
    /s This is also how this shambling ghoul gets what any actual citizen of earth would consider a third term. It's already done! This is why he said "you'll won't have to vote again." The president is only 50 days into his term forever; time is stopped. Hell upon us eternal.
  - fsniper 1y ago
    As a European I have no idea what that means. How and why that kind of decision can be taken?
    - mananaysiempre 1y ago
      House Resolution 211 of the current Congress[1]: > Each day for the remainder of the first session of the 119th Congress shall not constitute a calendar day for purposes of section 202 of the National Emergencies Act (50 U.S.C. 1622) with respect to a joint resolution terminating a national emergency declared by the President on February 1, 2025. Referring to 50 U.S.C. 1622(c) [2]: > (1) A joint resolution to terminate a national emergency declared by the President shall be referred to the appropriate committee of the House of Representatives or the Senate, as the case may be. One such joint resolution shall be reported out by such committee together with its recommendations within fifteen calendar days after the day on which such resolution is referred to such committee, unless such House shall otherwise determine by the yeas and nays. > [and so on and so forth with fairly stringent time limits all the way through the legislature] (As somebody who’s never been to the US—come on, am I the only one who finds legal questions like this to be basically irresistible RTFM bait?) [1] https://www.congress.gov/bill/119th-congress/house-resolution/211 https://www.congress.gov/bill/119th-congress/house-resolutio... [2] https://www.law.cornell.edu/uscode/text/50/1622#c https://www.law.cornell.edu/uscode/text/50/1622#c or https://uscode.house.gov/view.xhtml?req=(title:50%20section:1622%20edition:prelim) https://uscode.house.gov/view.xhtml?req=(title:50%20section:...
SkyeCA 1y ago
>I'm more focused on upping my cash reserves and bracing myself for a recession. I'm doing the same because I'm legitimately in fear of both economic troubles and/or losing my job as a result of all this uncertainty. I have cut my personal spending to nearly zero aside from essentials and have been hoarding my money. It's the only sensible option when planning for one's future becomes impossible.
- scarface_74 1y ago
  We have nine months of expenses in cash outside of retirement accounts and working up to 12 by the end of next year. But besides that, I’m not changing anything about our investment plans or our travel plans. I have been in the job market since 1996 and had to find a job both last year and the year before. I’m on my 10th job. None of the fundamentals ever change: Live below your means so you can take a job that pays less than you are making, keep an emergency fund, keep an updated resume and career document. Also keep an active network and always be interview ready. Also play the political game at your job and be sure to be in profit centers not cost centers. Market yourself both internally and externally.
ghaff 1y ago
As someone semi-retired, I was already reasonably conservatively invested. When all this kicked off dumped some more equities. Maybe I could have done a bit better waiting. Who knows? I know I’m happy being that much more liquid.
re-thc 1y ago
> How are businesses supposed to plan anything in this environment? Plan on relying less on the US market. Grow customers elsewhere.
VectorLock 1y ago
>How are businesses supposed to plan anything in this environment? They're not supposed to. The only people who are planning anything in this scenario are Whitehouse insiders coordinating stock frontrunning from Signal group chats. https://bsky.app/profile/unusualwhales.bsky.social/post/3lmfm5ycbjk2x https://bsky.app/profile/unusualwhales.bsky.social/post/3lmf...
- poormathskills 1y ago
  Trump tweeted "it's a good time to buy" right before the tariff drop announcement.
  - whycome 1y ago
    I guess truth social is now a critical investment tool as well?
    - tim333 1y ago
      Guess so, for serious speculators.
- jauntywundrkind 1y ago
  It'll be "fun" to see all the "negotiations" that happen with other countries, where they offer a crazy array of bribes / emoluments to WH insiders. Which is perfectly fine, now that we have Executive Order 63, Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security. This is no longer something the DOJ looks for or tracks, with AG Pam Bondi having to sign off on any potential investigations after a 180-day pause. Trump also all but disbanded the DOJ Public Integrity Section, that watches for public corruption. https://www.nbcnews.com/politics/justice-department/justice-department-office-prosecutes-public-corruption-slashed-size-so-rcna195928 https://www.nbcnews.com/politics/justice-department/justice-...
thaumasiotes 1y ago
> How are businesses supposed to plan anything in this environment? How did they do it in the past? Do you believe that, if the environment stays this way, businesses will just cease to exist as a phenomenon?
fifilura 1y ago
> focused on upping my cash reserves and bracing myself for a recession. And exactly there is a recipe for recession. A self fulfilling prophecy. Not that you are to blame but the reason why politicians usually avoid projecting uncertainty.
palmotea 1y ago
> How are businesses supposed to plan anything in this environment? Honestly, that's one thing that makes me happy about these tariffs: big business is used to getting its way, and tariffs are very much not what they wanted. I've enjoyed the articles about Wall Street Billionaires getting mad and feeling helpless.

guelo 1y ago

Why cash when inflation is coming?

randunel 1y ago
You need liquidity when recessions come. Less liquid assets go for lower than usual since cash is king during those times. But nobody can predict recessions.
ghaff 1y ago
Cash often refers to Money Market funds and the interest they pay tends to track inflation. There are also ibonds but you can invest a fairly limited amount in them.
- lotsofpulp 1y ago
  Money market funds haven’t tracked inflation for people living in higher prices areas for a long time. Maybe if you already owned your final house and didn’t need healthcare or education.
  - ghaff 1y ago
    I was getting 5% until recently which isn’t that far off of where inflation hit. Of course, as you say, some things are higher although a normal age retired person isn’t that exposed to them.
muzani 1y ago
Cash can bleed slower than the others, especially if there's stagflation. Liquidity is nice too during uncertain times. Also nearly 100% tariffs on one of the biggest trading partners is unlikely to hold for very long. There's probably a lot of options because of that.

dayvid 1y ago

There's definitely going to be another change before 3 months are up.

amanaplanacanal 1y ago
Yep. He flip flops like a dying fish. There is no way to predict what idea he's going to have 90 days from now.
- dcow 1y ago
  Responding in good faith to other countries’ willingness to negotiate fair trade terms isn’t exactly flip flopping. In fact he did the same thing with Mexico. If the market was paying attention it would have accounted for this…
  - TheOtherHobbes 1y ago
    It's interesting how person's nakedly obvious dump and pump corrupt opportunism is another's "responding in good faith." The problem remains. Anyone who imports from China - which covers a lot of the economy - is screwed. And Rest of World no longer trusts anything he says.
  - thfuran 1y ago
    He is pathologically incapable of operating in good faith.
  - ajross 1y ago
    > other countries’ willingness to negotiate fair trade terms This is a fabricated justification. There has been literally zero public reporting of any trade negotiations post-tarifpocalypse. The only people saying there are deals being made are the White House, who have produce zero evidence of deals. No, Trump was responding[1] to the movement of the market and in particular to the sudden spike in federal bond rates. This was absolutely not a win for Art of the Deal. There was no Deal. [1] In "good faith", to be sure.
  - michaelmrose 1y ago

spacephysics 1y ago

Think the hope and idea is there’s concrete agreements established before the 90 days are up

jwilber 1y ago
What makes you think this? Separate, possibly unrelated question: what was trump’s goal when he created and rug pulled the Trump coin?
- dcow 1y ago
  The fact that what they’ve been saying all along is that the goal of the reciprocal tariffs is to renegotiate with all countries for a more fair economic playing field. Many people aren’t so fickle as to just assume everything the party they don’t like is doing is insane and a big conspiracy to insider trade and ruin the world.
  - fzeroracer 1y ago
    That's what they say but we literally went through this whole mess not even two months ago with Canada and Mexico. He's already showed he's insane and cannot be negotiated with.
  - Kbelicius 1y ago
    > The fact that what they’ve been saying all along They weren't saying that all along. They were saying that tariffs are a tool that will be used to reindustrialize the USA.
    - michaelmrose 1y ago
      While also saying they were going to be a replacement for the IRS and to stop illegal immigrantion and drugs and force Canada to become the 51st state. Full on grandmas off her meds level nonsense.
  - apical_dendrite 1y ago

coldpie 1y ago

> How are businesses supposed to plan anything in this environment? Who cares? Business leaders & the politicians they helped elect are stripping the copper from the country. Whatever's left when they're done is someone else's problem.

ProfessorLayton 1y ago
I care?? Much of my family works in trades, have their own small businesses with employees and are very much subject to tariffs for their supplies. They did not vote for any of this.
- JKCalhoun 1y ago
  (2^ that was sarcasm)
- squigz 1y ago
  I think GP meant, "Who in power cares"
- coldpie 1y ago
  > They did not vote for any of this. Me either. I'm afraid you'll have to ask the people who did elect the copper thieves for an explanation.
- solid_fuel 1y ago
  If they voted for Republicans, they did in fact vote for this. It doesn’t need to be like this, congress and specifically the Republican majority which controls it can act to reclaim the power of tariffs from the president _at any time_. All of this chaos is specifically because they have chosen to be complicit instead of opposing the president. If you want the madness to stop, call your representatives. Speak to your family and ask them to do the same.
  - jauntywundrkind 1y ago
    > congress and specifically the Republican majority which controls it can act to reclaim the power of tariffs from the president _at any time_. After overriding a veto, which Trump has already stated he'll use, to block Congress taking back the power of tariffs: https://bsky.app/profile/sahilkapur.bsky.social/post/3lmak2whjgk2s https://bsky.app/profile/sahilkapur.bsky.social/post/3lmak2w...

SpicyLemonZest 1y ago

The administration has signaled that they expect to negotiate acceptable balance-of-trade deals with the US's Asian allies over the next few weeks. If that happens, I can see businesses being certain enough to make investments. Until then I'm bracing for a recession too.

scarface_74 1y ago
You mean like he railed against the Canada/Mexico trade deal that he negotiated during his first term?
- SpicyLemonZest 1y ago
  I feel like you're arguing against something I didn't say. I agree there's a good chance the president will make up new tariffs or fail to negotiate some of the current ones. If that happens then trade deals with Asian allies won't reassure anyone. That's why I'm still preparing for a recession.
re-thc 1y ago
> If that happens How does that help? The steel and auto tariffs are still in place. There are plans on tariffs for other industries. You'll be hit 1 way or another.
- monero-xmr 1y ago
  The idea would be that different parts of the supply chain would build factories in the US to avoid tariffs. Money collected on tariffs would be redistributed in the form of tax cuts. The end goal would be 0% corporate and income taxes, funded with high tariffs. Over time the US re-industrializes.
  - re-thc 1y ago
    > The idea would be that different parts of the supply chain would build factories in the US to avoid tariffs. Right, because the US doesn't have diamonds, vanilla, coffee beans or the many other things it needs? How do you avoid tariffs like this? The US still needs fish from the penguins. What's the plan? To tell penguins to stop fishing and come to the US and work in factories? > The end goal would be 0% corporate and income taxes, funded with high tariffs. Well you have that right. When there's 0% of the people working no 1 will be paying corporate and income tax. It'll just crash. > Over time the US re-industrializes. Like it's gone? You do know the US is the 2nd largest global manufacturer right? That is even today. So do we need to blow that up 1st in order to re-industrialize?

RyanOD 1y ago

I'd say you should brace yourself for rides like this for the next 45 months.

dmd 1y ago
Aren't you optimistic!
bluGill 1y ago
What makes you think OP will die in 45 months? Rides like this have happened regularly for longer than I can remember. The details always change, but there is nothing new.

anthomtb 1y ago

We are in for this ride, at indefinite intervals, for the next 3.75 years. Well, unless congress grows a collective sack (unlikely) or President Trump comes to his senses on macro economics (past experience suggests this is impossible). > How are businesses supposed to plan anything in this environment? They cannot. This is how you can tell Trump was never a real businessman, but rather a TV host and a celebutante. I'd venture nearly all major American business, public and private, depend on stability in the American government. Trump's actions make it painfully clear he is not, and never was, really part of the "business" or "deal making" world.

netsharc 1y ago
I joked to a friend that Trump is going to cause a new religion to start. One that makes people pray that today he does what they want (e.g. just shut up and not yell "China, 500% tariffs!") Or one that makes people pray that one of those cheeseburgers he's been eating finally does something...
the_af 1y ago
> Well, unless congress grows a collective sack (unlikely) or President Trump comes to his senses on macro economics We in Argentina feel for you: it's exactly the same for us, replacing Trump with Milei. And with the added humiliation of Milei being a lapdog to Trump. This phrase of yours "unless congress grows a sack" is exactly how we feel about our own congress in Argentina.
- gtech1 1y ago
  Wait, so all those stories about Argentina doing better under Milei aren't true ? What's going on over there ?

layer8 1y ago

It seems unlikely that the next 90 days will remain calm and stable.

seanmcdirmid 1y ago
Ya, I don't know what Trump is going to do in the next 90 days, but it will probably not just be working on his golf game (although we can hope).
- mullingitover 1y ago
  He needed to take some time to work on his other passion project, kidnapping US citizens and disappearing them permamently into third world gulags[1]. [1] https://www.usatoday.com/story/news/politics/2025/04/07/trump-el-salvador-amercian-prisoners/82982777007/ https://www.usatoday.com/story/news/politics/2025/04/07/trum...
  - 1659447091 1y ago
    That's a Stephen Miller passion project, Trump only cares about it in so much as it get's him votes for his real passion project: the money grift with a side of staying front & center in the news.
- yibg 1y ago
  I used to criticize trump for playing so much golf while in office. Now I wish he'd spend a lot more time playing golf.
tim333 1y ago
The 125% on Chinese imports effective immediately in itself doesn't seem that calm or stable.

Buttons840 1y ago

The President can only legally set tarrifs in an "emergency". Planning tarrifs 90 days out is really stretching the definition--I'm not holding my breath, but maybe the courts will uphold the constitution on this one?

isleyaardvark 1y ago
Normally there are rules regarding how long an emergency can last. This is why, I kid you not, the Republican controlled Congress declared there are no more calendar days in this session of Congress. Every day is March 11. So they'll let him do it as long as he likes.
- cyberax 1y ago
  Ah. So that's why it looks like the Groundhog day with the tariffs.
- jauntywundrkind 1y ago
  /s This is also how this shambling ghoul gets what any actual citizen of earth would consider a third term. It's already done! This is why he said "you'll won't have to vote again." The president is only 50 days into his term forever; time is stopped. Hell upon us eternal.
- fsniper 1y ago
  As a European I have no idea what that means. How and why that kind of decision can be taken?
  - mananaysiempre 1y ago
    House Resolution 211 of the current Congress[1]: > Each day for the remainder of the first session of the 119th Congress shall not constitute a calendar day for purposes of section 202 of the National Emergencies Act (50 U.S.C. 1622) with respect to a joint resolution terminating a national emergency declared by the President on February 1, 2025. Referring to 50 U.S.C. 1622(c) [2]: > (1) A joint resolution to terminate a national emergency declared by the President shall be referred to the appropriate committee of the House of Representatives or the Senate, as the case may be. One such joint resolution shall be reported out by such committee together with its recommendations within fifteen calendar days after the day on which such resolution is referred to such committee, unless such House shall otherwise determine by the yeas and nays. > [and so on and so forth with fairly stringent time limits all the way through the legislature] (As somebody who’s never been to the US—come on, am I the only one who finds legal questions like this to be basically irresistible RTFM bait?) [1] https://www.congress.gov/bill/119th-congress/house-resolution/211 https://www.congress.gov/bill/119th-congress/house-resolutio... [2] https://www.law.cornell.edu/uscode/text/50/1622#c https://www.law.cornell.edu/uscode/text/50/1622#c or https://uscode.house.gov/view.xhtml?req=(title:50%20section:1622%20edition:prelim) https://uscode.house.gov/view.xhtml?req=(title:50%20section:...

SkyeCA 1y ago

>I'm more focused on upping my cash reserves and bracing myself for a recession. I'm doing the same because I'm legitimately in fear of both economic troubles and/or losing my job as a result of all this uncertainty. I have cut my personal spending to nearly zero aside from essentials and have been hoarding my money. It's the only sensible option when planning for one's future becomes impossible.

scarface_74 1y ago
We have nine months of expenses in cash outside of retirement accounts and working up to 12 by the end of next year. But besides that, I’m not changing anything about our investment plans or our travel plans. I have been in the job market since 1996 and had to find a job both last year and the year before. I’m on my 10th job. None of the fundamentals ever change: Live below your means so you can take a job that pays less than you are making, keep an emergency fund, keep an updated resume and career document. Also keep an active network and always be interview ready. Also play the political game at your job and be sure to be in profit centers not cost centers. Market yourself both internally and externally.

ghaff 1y ago

As someone semi-retired, I was already reasonably conservatively invested. When all this kicked off dumped some more equities. Maybe I could have done a bit better waiting. Who knows? I know I’m happy being that much more liquid.

re-thc 1y ago

> How are businesses supposed to plan anything in this environment? Plan on relying less on the US market. Grow customers elsewhere.

VectorLock 1y ago

>How are businesses supposed to plan anything in this environment? They're not supposed to. The only people who are planning anything in this scenario are Whitehouse insiders coordinating stock frontrunning from Signal group chats. https://bsky.app/profile/unusualwhales.bsky.social/post/3lmfm5ycbjk2x https://bsky.app/profile/unusualwhales.bsky.social/post/3lmf...

poormathskills 1y ago
Trump tweeted "it's a good time to buy" right before the tariff drop announcement.
- whycome 1y ago
  I guess truth social is now a critical investment tool as well?
  - tim333 1y ago
    Guess so, for serious speculators.
jauntywundrkind 1y ago
It'll be "fun" to see all the "negotiations" that happen with other countries, where they offer a crazy array of bribes / emoluments to WH insiders. Which is perfectly fine, now that we have Executive Order 63, Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security. This is no longer something the DOJ looks for or tracks, with AG Pam Bondi having to sign off on any potential investigations after a 180-day pause. Trump also all but disbanded the DOJ Public Integrity Section, that watches for public corruption. https://www.nbcnews.com/politics/justice-department/justice-department-office-prosecutes-public-corruption-slashed-size-so-rcna195928 https://www.nbcnews.com/politics/justice-department/justice-...

thaumasiotes 1y ago

> How are businesses supposed to plan anything in this environment? How did they do it in the past? Do you believe that, if the environment stays this way, businesses will just cease to exist as a phenomenon?

fifilura 1y ago

> focused on upping my cash reserves and bracing myself for a recession. And exactly there is a recipe for recession. A self fulfilling prophecy. Not that you are to blame but the reason why politicians usually avoid projecting uncertainty.

palmotea 1y ago

> How are businesses supposed to plan anything in this environment? Honestly, that's one thing that makes me happy about these tariffs: big business is used to getting its way, and tariffs are very much not what they wanted. I've enjoyed the articles about Wall Street Billionaires getting mad and feeling helpless.