A message from my Canadian friend who is a very successful asset manager

[DemocratSinceBirth]

My other passion is sports, and I post on a small sports message board.

Re: Where do you see the markets and the economy going?
Sent: Sat Apr 05, 2025 4:54 pm
From: XXXXXX
Recipient: XXXXXX

Hey Brian. I deal with this stuff all day so I generally come here to get a reprieve, but I'll give you a short answer and leave it at that okay.

Short answer is that if this isn't dramatically reduced, the world will go into meaningful recession and inflation will rise at least a few points, so stagnation in a weak economy. It's stupid and everyone knows it's stupid.

Ultimately, I think it's dramatically changed in some manner that allows face saving of some sort all around (US, China, EU, etc.) because the alternative is the world shooting itself in the foot.

Markets don't believe it will go full bore as currently designed or else they'd be down 35% or more.

Interesting times, because you elected a narcissistic moron.

[yardwork]

1. Ouch. Can't disagree with his last sentence.

[dalton99a]

2. Kick

[surfered]

3. Even Republicans are skeptical. They say things like we have to trust Trump's instincts.

But no criticism.

[bif]

4. Trump's instinct

As far as financial matters go? Like to 6 or 7 bankruptcies he incurred? Okay.

[MLWR]

8. There is absolutely NOTHING I trust about Krasnov and certainly not his "instincts."

Most of them are criminal in nature.

[Meowmee]

5. So he thinks markets will go down more and stay there?

I would add psycho murderer to his last sentence as well as Russian asset.

[DemocratSinceBirth]

6. People expect TSF to blink.

If he doesn't I've seen projections the market can drop 50%

[Meowmee]

7. By blink you mean reverse tariffs etc.?

Last edited Sat Apr 5, 2025, 07:03 PM - Edit history (1)

Then he could just blink back again.

[rubbersole]

11. He might blink after squeezing one off while missing a two foot putt.

He's too far gone and just does what putin and elon tell him to do. pos.

[newdeal2]

10. No offense but no one knows or controls what Trump will do next

Wall Street did not predict Trump to go nuclear or China to respond aggressively.

Now I see some of Trump’s lackeys like Bill Ackman trying to put a positive spin on this mess.

[Meowmee]

12. Warren Buffet kind of did though

He took out tons to some sort of cash. Yes they should have seen it coming. Also how do you know no one controls what he does?

[Alice Kramden]

9. KnR n/t