Here in the UK, the new tax year just started. I've sent the order to fill up my ISA for the year. Here's hoping that Trump reverses the tariffs shortly after my buy order gets fulfilled(!)

The tariffs are a bit scary for me. They seem like a way to directly introduce inefficiency and waste into the market. I guess index funds are based on the assumption that over the long term, markets get more efficient and this makes the stock prices go up.

I am still confident that will continue to happen in the long term. But the talk about "dismantling globalism" does make me wonder if any of these underlying assumptions are going to be proven wrong eventually.

I still think common sense will prevail "eventually". These tariffs give a rallying point for the opposition in the US to start kicking in, and rationality to return. But it is funny how, with each downturn, you start to think "maybe this time it's different"!

[–] yenahmik@lemmy.world 7 points 3 months ago

For some reason, everyone always assumes the next downturn will look exactly like the last one. And then they're always surprised when it's caused by something completely different, so they assume this is the time everything will go to zero.

Maybe someday they will be right and this is the time everything collapses. Or maybe it won't. But it is different every time. Either way, I hate that the US gov is intentionally crashing the market for stupid reasons. I can only hope it is temporary and people aren't too badly hurt by this.

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