my two cents on tariffs after lots of reading, from reddit to X to WSO.
So far reddit tards are a lost cause, except for smaller investing subreddits where I found a few good threads that weren't "trump bad and an idiot" over and over.
WSO had some good insights from people criticizing the tariffs because they can put facts and figures behind the "trump is idiot" statements, and unfortunately the only non-libtard to push back without sounding like a cabinet member on WSO is also a GME cultist, tho maybe just ironically, not sure
X by far had good light-hearted jabs at the tariffs and a few excellent insights, including a Buffet article on tariffs I will try to find again and link. Tho my selection is biased because I only follow CFA's so they are the last people to voice "trump bad idiot" because they want to remain professional and level headed, its not their job to give opinions, just insights on the facts in front of them.
My thoughts: this is just the start, as Lutnik says, these tariffs are just the ceiling we have yet to find the floor. The floor will show in the coming days or weeks. I also think that the selloff is exacerbated by the media and the circle jerk of social media. Hardly any positive news, but also its hard to spin something that will cause short to medium term pain. Things will look better, but the realignment of global trade has been long overdue, hell ol' nancy pelosi was speaking about it in 1996 when our trade deficit was only 34 bil, guess we needed to get to trillion before something would happen. better this than find out later what happens when you let your wealth flow out the door constantly. probs war as we take back whats ours by force.
anyways picrel is from this article from buffet-sama
https://www.berkshirehathaway.com/letters/growing.pdf 