Gold
Gold|Apr 05, 2025 05:02
Considering this is the biggest event since COVID and alot of the numbers are the biggest we've seen since then in many ways.. It's natural to try to compare the two Let's look at the numbers, and look at the two objectively: Tariffs 2025: Economy’s still humming—4% unemployment, 2.8% GDP growth (2024 estimate), inflation at 2.8%. Tariffs (10% baseline, 25% Canada/Mexico, 20-54% others) threaten a 0.7% price spike and 1-2% S&P earnings cut per Goldman Sachs. X posts fear a recession (>60% odds), but no hard collapse yet—supply chains are strained, not stopped. COVID 2020: Global lockdown crushed everything—U.S. GDP shrank 31.4% annualized in Q2 2020, unemployment hit 14.8%, supply chains froze, oil went negative ($-37/barrel). Markets tanked on existential uncertainty—80 million cases, millions dead by year-end. COVID’s global toll—lives, jobs, output—dwarfs tariffs’ trade spat. Long-term, tariffs might reshape globalization (10-15% trade volume drop, per some models), but COVID rewrote reality. COVID was a generational catastrophe, this is a policy-driven tantrum. But this nuke’s dollar losses and velocity are historic, outpacing COVID’s single-day dollar drops (e.g., 2 trillion vs. 5 trillion). So that begs the question... Are the numbers (dollar losses and velocity) fair or an overreaction from the market? Comparing COVID with these current trade wars I think yes it is. It's not even in the same universe. I also believe that everything is going to Trump had planned, I think there is method to the madness. I think good he'll end up getting the rate cuts he wants sooner than expected, and I think he'll get alot of countries (probably not all) to bend the knee regarding tariffs. My spidey senses are starting to tingle. I think wonderful opportunity is closing in, even right at the door.
+2
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads