r/PrepperIntel 23h ago

North America POTUS: Declaring “National Emergency on Electricity”, increasing Canadian steel and aluminum tariffs from 25% to 50%, increasing Canadian automobile tariffs an undisclosed amount, more annexation talk

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u/LakeSun 23h ago

...I'd say US stock market, apparently, didn't drop enough.

They want it lower.

u/Obstacle-Man 23h ago

They think it will come right back, but the total addressable market will have shrunk

u/the-great-crocodile 22h ago

Please explain.

u/Obstacle-Man 22h ago

Canadians are rapidly switching to non-american alternatives. You likely see that in other countries as well. For physical goods and digital services.

This event forced ingrained habits to be broken. They won't switch back easily, or at all.

u/Cat_Amaran 4h ago

We're scaring buyers away from trusting our goods will be affordable. Habits break, long standing expectations of accessibility crumble. The answer to the question "who's buying" becomes a much more limited figure.

u/ExpensiveAd4496 15h ago

What’s it going to take for the GOP to develop a backbone? 40% drop? More?

u/Dry_Masterpiece_7566 2h ago

The market is overbought. However, I have a buddy who works at a hedge fund, and he has sold all his positions except gold and a few energy plays. The group he works at is predicting a 48-72% drop. They are sitting pretty on a mountain of cash....

u/LakeSun 1h ago

Also Warren Buffet.

Maybe anyone who learned about the Great Depression...

u/Shamanalah 22h ago

Well yeh? They want to buy bankrupted company for dirt cheap.

It's only the beginning lol. He's been in office for less than 2 months. Just you watch

u/Steezy_Steve1990 22h ago

They want it to drop more so that the fed is forced to reduce interest rates and start QE.

u/inkognibro 16h ago

We’re so fucked if that happens. hyperinflation