“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”
“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”
Forex? If you have USD, you could change it to EUR for example. You could also buy bonds or crypto or whatever, though US bonds might be falling too.
Personally I just keep all my money in funds and robo-advisors. This way there’s someone whose job it is to allocate the money, and they hear the news and can act faster than you.
This is against what crypto bros are saying, but from what I see that whenever stock is crashing so is Bitcoin.
That’s the thing here. Bitcoin is holding up fairly well so far
If it can prove that it returns better gains than stocks AND weathers downturns better than stocks. Well…
Btc is range bound same as it’s been for months now if looking at the euro or cad. Hardly a crash but some folks are cashing out for sure, driving prices down.
Are you certain that the samething isn’t going to happen to foreign currencies? I feel like the U.S. enters recession, the global economy enters recession.
Are there any economies that are truly self-sufficient?
The rest of the world is hopefully coming together a bit and doing trade without the US.
China is trying. I feel like at least some industries there would be fine even if the US collapses.
Considering just how massive China is, they probably have the best shot at a truly independent “internal world” economy