It was "Liberation Day" yesterday according to Trump. The only thing that was liberated today was my retirement savings and all the profits in my stock portfolio. One of the big reasons why Trump was elected was that it was thought he would be better for the economy. I think we can all agree that has not proved the case. His administration's pig-headed haste to introduce tariffs that nobody wants is a disaster for the global economy. And his election promises to lower grocery prices proved predictably empty. It's clear we're heading into a recession, and the worst is that it was (and is) totally avoidable. And even if we avoid a recession, the world is going to become a lot more expensive and unemployment is on the rise. For all of Biden's faults, at least he left the US with a relatively strong economy. But it appears that Trump and his administration are doing everything to run it into the ground. When his policies start to affect my retirement, then I start to worry.
Turkish proverb: "When a clown moves into a palace he doesn't become a king, the palace instead becomes a circus"