Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it.
It’s good for them when they can buy other people’s stock at fire sale prices, it’s less good for them when their own stock is reduced to fire sale prices.
Time for the rich to buy stocks on discount.
Assuming the US can recover…
If it doesn’t, the rich will still be fine. Unlike most Americans, they can diversify outside of the US.
It’s good for them when they can buy other people’s stock at fire sale prices, it’s less good for them when their own stock is reduced to fire sale prices.
It’s only a concern if you need to sell during the downturn.