Monday, April 7, 2025
Savings are being wiped out
"Americans watch in horror as savings are WIPED OUT as Wall Street chaos sees trillions more dollars evaporate."
That was from a few days ago, try checking the market Monday morning.
Drop of 15% in a week. Maybe not wiped out but that is not good for retirement funds. Who knows how far this could drop 25% is now very feasible
especially if China and Europe just screw the US but I would not be surprised if it goes way lower. Bitcoin is down 27% Since Jan.
Not looking good. Also do I have to pay 25% for my next Ferrari?
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20% down since Dec 4.
That simply means the “worth” was inflated in the first place.
It's funny but my Physics degrees are paying off, and I have gained slightly rather than lost at least in US dollar terms. The US dollar has however, lost some value against other currencies, and many goods may now be more expensive.
It is unclear to me how the tariff situation will work out, but naturally there will always be unforeseen events and developments in the future, and these may turn out to be even more important for the markets. So it is important to not only focus on current events.
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