@HolySmokas I think we might see a major war. And it will be very hard for the US to stay out of it, especially if Iran starts retaliating against US bases in the region.
Peter, I agree with you on many points, but I think comparing gold to Bitcoin all the time doesnβt really help. Bitcoin is just another way of dealing with the same problems that gold tries to solve. Personally, I think gold is the better asset, but Bitcoin was a great asset and probably will continue to be
@skdh@elonmusk That is not necessarily a reason to be optimistic, quite the opposite. Africa is still the continent with the highest poverty rate, illiteracy rate and hunger. A bigger population will only make things worse.
@earnings_guy These are strong results. The stock deserves a significant re-rating. Given this performance, the current discount to Eli Lilly is unwarranted.
@PeterSchiff Trumpβs bluff just got calledβbig timeβby China. Now heβs playing a losing hand. The question is: fold now or play it out to the bitter end?
@gurgavin Sure, but where are the raw materials and packaging coming from? You guessed itβChina. Plus, itβs pretty expensive and more of a want than a need. Still, might be a good buy.
Investors are currently pulling out of U.S. assets across the board, and mining companies are getting caught in the crossfire. However, their stock prices will eventually adjust to reflect improved earnings
@PadwalRaj@PeterSchiff Investors are currently pulling out of U.S. assets across the board, and mining companies are getting caught in the crossfire. However, their stock prices will eventually adjust to reflect improved earnings
@PeterSchiff It underscores the systemic issues arising from a loss of trust in the dollar. This is likely just the beginning, and the downturn in both the bond and stock markets will likely continue. While gold has remained relatively stable, I anticipated it to perform better.
Thereβs really no comparison to be made. The previous tariffs were targeted and strategic, focused on specific industries to address unfair practices. These new tariffs, on the other hand, are blanket measures that hit products like coffee or sneakers β items that the U.S. doesn't produce and realistically can't produce domestically. How exactly is the U.S. supposed to benefit from taxing goods it doesn't even make?