Author: James Frank

Final Stock Market update March 6, 2025 – Removal of Tariffs

March 6, 2025

I have never been a great predictor for stocks, but even I must say that my conclusions of what’s happening in todays US Stock Market has been nothing less ‘right on’. Yes, I deserve to pat myself on the back at times, and for the last 6 weeks I’ve been more right than wrong.

So again, at the beginning of the day, the Dow Jones Industrial Average dropped by 400 points, by just looking at what happened throughout the night in Europe. And I was hopeful that the market would really pick up. Early in the morning, it picked up most of the value it had but then something happened, which I will detail later when I know what happened.

But in its present course, the market will end the day of more than 400 points lost. Just one more day to go and the week of trading will be over and the country will know that what I have been saying all this time is actually what is happening. Investments, savings, and so much more is being lost by investors, who only want the markets to do better so that they can do better, so that their companies and portfolios can grow.

Unfortunately, that’s not what’s on Donald Trump’s mind. Sometimes you wonder what the heck is on his mind. The markets have now officially closed.  The DOW lost another 1% of it’s value. The closing figure is 42,579.08. I can report what I have been seeing each and every day. What is interesting and especially evident at the end of a trading day, if the markets are doing well throughout the day, there will be a spike at the very end before closing. Likewise, if the markets are doing bad, and as of this minute in time, the stock market values of DOW will drop.

So what’s the fallout for today. For the Dow, it spiraled down another 516 points or 1.2% after falling 600 points earlier today. and other major markets, the NASDAQ and S&P500 both fell.

Obviously Donald Trump was aware of the stock market drops today. So what does he do? Our weak president now put on the brakes to Mexico tariffs and Canada Tariffs. But it’s a little to late for that. Canada is already dealing with new trading partners and Mexico said that Trump had until tomorrow before they would decide the tariffs they were going to put on the U.S.

Trump caved, just like he always does. The leaders of other countries now know what he’s going to do. They will always be one step ahead of him to keep him in check. This morning he stopped tariffs from those two countries on just the products the auto makers need to make cars in this country. After his not so teriffic speech to the joint session of Congress, the big three auto makers in the United States gave Trump an ear full.  So he backed down, just like the coward he is and always has been. But to keep chaos on track, he now moved the next tariff implement date to April 2nd. Now that’s just great Donald Trump. Right before tax day, just when everyone has to dip in their savings in some cases just like me to pay their taxes.  He thinks that will help the stock market and his rich buddies who invest in it. Maybe he’s right, but all indications say that the markets will continue to be very volitile until he elliminates them all together. When April 2nd comes around and Trump lets the tariffs kick in again, prices are going to soar in this country.

Don’t get me wrong, I’m glad that he did remove the tariffs,  but it shouldn’t have taken the auto makers to complain or the stock markets to plummit before he would listen to reason. So you may ask if I think Trump is a reasonable man, and of course I would say NO. He doesn’t know what ‘stands to reason’ means.

What’s his first 100 days so far look like. Well that’s a story for another day, but so far, it’s going to be pretty bad. Maybe the people will wake up. Maybe the Repubicans and my friends will wake up and admit that Trump is no good for our economy, after he ran on saying he was going to do so much to bring down prices. Did he say that the country will have to experience some “pain” first before things get better?

Where are we when it comes to “NO TAXES ON TIPS”? Where are we now about when Trump claimed that Social Security Taxes should be eliminated? I can tell you at this moment, Trump is nowhere on those topics. Congress hasn’t a clue on what they want to do. The one thing he kept his promise on was that America will ‘feel PAIN’ before things get better. Did Trump ever say that he was going to gut all the Federal programs and furlow so many Federal workers, gut Medicade and Medicare, which is what he plans to do next? He has the Republican votes to do just that in Congress in the near future, but will they wake up in time like John McCain did during the vote on Obamacare to save Medicade and Medicare? That would free up tons of money that he can use to be able to give a tax break to the rich. Then it’s Social Security on the block. Will it end? Hopefully it will end before everyone looses everything and he completely destroys our country.

 

Stock Market Update and Trump Tariffs

March 6, 2025

All the gains made by the stock market yesterday are gone, and market trading for the day is only half over.

Yesterday the DOW gained about 500 points, but immediately after the opening bell this morning, the DOW fell 400 points, because the European markets were falling throughout the night. There was a bit of reprieve around 10 AM and it looked like the losses were being made up around 1:30PM ET, but just short of the even high mark from yesterday, the DOW spiked downward again. It dropped down to 42,398 which is the worst mark of the day. But again, it is rebounding but indicators show that it will continue to drop more than rise. Soon the world will look at the United States as NOT the richist country in the world, as they already no longer admire us. Thank you President Trump!

All of this is unfortunate. People are loosing millions of dollars in stocks alone, as Donald Trump claims that we need to feel a little pain. Maybe a million dollars here and there is nothing for Trump or Musk, but it means someone’s entire life savings to the rest of us.

Years ago, I invested heavily in stock, and I lost my butt. I will never recover from that, as it was the majority of my retirement savings. It hurts me to see that what is actually happening is chaos created by one man and his selfishness, and his ignorance to leave what was actually working before, to just leave it alone. He is making the entire country experience what I had to. I know the feeling of loss. It never went away. The financial crisis of 2008 is nothing compared to what is about to happen if Trump doesn’t get off of his high horse and try to right at least some of the things he has done wrong. Unfortunately, what Trump has done already will be felt by Americans for years to come because noone would expect an immediate rebound if Trump decided to stop all Tariffs and mass firings of many working people of this country. All because he claims the country will have to feel some “pain” before things get better.

Trump has never felt real financial pain. He never lived on the streets. He never had to worry about having enough food to feed his family or try to find money to pay his bills. He is so corrupt that even with the fact that he has money, he didn’t pay all of his bills or his taxes. He was born afluent. His dad gave him millions of dollars and he floundered it, just like he is making us loose our money today.

Before Trump, we did not have our closest neighbor, Canada initiating tariffs on us. We never needed a wall to keep them out of our country. They are our friends, or used to be. Because of Trump’s tariffs, the country of Canada is informing its citizens not to use American made products, and the American made products that the companies already purchased from America to be distributed out to customers are being pulled off of the shelves, which means that Canada won’t pay the tariffs that Trump demands, they will just no longer import those goods. In the mean time, they initiated reciprical tariffs.

Canada has stated time and time again that they are not in favor of any trade war, and would never initiate tariffs on the United States like we are on them. Donald Trump needed to have that mindset. For heaven’s sake. They are our friend and closest ally by far. But he has turned all the citizens of Canada against the United States. Because of what Trump has done, now there is hardship on them. In a recent poll conducted by Canada, citizens say that they now dislike the United States. Our closest neighbor, now that is saying something.

A majority of Canadians who have property in the United States are selling their properties now. They want no part of the United States.

The sentiment in Europe is the same. Countries supporting the EU are making deals amongst themselves without any consideration from the United States, because they now feel that Trump has abandoned them and so they are out on their own. They will make all of their decisions without the United States.

Soon, Trump may decide to leave NATO. If he does that, his actions will hurt NATO greatly and make Putin of Russia very happy. But everything Trump has done since he has become president makes the Russian president happy. Case in point, Trump has stopped all military support to Ukaraine. All weapons and materials that were in flight to Ukaraine were stopped and turned around to return to the United States. Putin loved that. So what does Trump do. He decides to no longer share military intelligence with Ukaraine. So now, the war-torn country of Ukaraine has no idea what Putin plans to do next. Trump is punishing Ukaraine. He has taken sides with Vladamir Putin of Russia. Europe can no longer trust us. The free world can no longer trust us.

The Ukaraine president may cave into Trumps demands to stop the war. It’s been raging for 3 years now.  Trump claims that he is communicating directly with Russia in negotiations to stop the war, but NOT with Ukaraine involved in the talks. Why? Because Trump is a friend of Putin and not of the President of Ukaraine. So Trump expects that when he clicks his fingers, that the Ukaraine president will jump. Who in the hell does Trump think he is? If he thinks he is the leader of the free world, soon he won’t be. Trump is causing permanent harm to the United States.

 

 

Donald Trump and Elon Musk Now Targeting Social Security

March 5, 2025

Today we got a reprieve from the falling stock markets, as the Dow went up almost 500 points, thank God. But it wasn’t for what Trump said last night in his message to the joint session of Congress. Trump can’t help himself. He doesn’t know what to say and when to say what it would take to HELP the markets. Everything that Trump does causes pain to the American people, and recently he stated as such saying that the country needed to experience some pain before things got better. The reason for the stock market rise was because two of the 30 major companies that comprise the DOW had quarterly reports show minor gains. That is just one day out of the last 7. But for the last week of trading, the markets dropped over 1300 points, so the slight recovery that was experienced today what just what it was, a temporary reprieve from what’s about to happen. So instead of talking about the stock markets tonight, and the economy, let’s shift gears and talk about Social Security because I sincerely believe that Trump is targeting Social Security next.

It is possible with Trumps threatening reductions of the SS workforce,  they really want to cut Social Security? This is fact. It is at the top of Trump and Musk’s minds. It is possible that in a very short time under the influence of DOGE, the Social Security administration may cut up to 50% of its workforce, laying off more than 7,000 people. They will be closing down social security offices in red states and blue states. That is already occurring as offices throughout the country are already closing.

Trump’s partner in crime – Elon Musk, calls Social Security “One massive Ponzi scheme”. In other words, he is calling it fraud.

Then wouldn’t you know, Donald Trump in his Tuesday speech to Congress claims that he found “probable fraud” in Social Security.

So the following statement is what Trump actually said…

“We are identifying shocking levels of incompetence and probable fraud in the Social Security program for our seniors, and that our seniors and the people we love rely on.”

My questions now directly go to Donald Trump. If you found it, then where are the arrests?Where is DOGE when they are really needed. Where are all the people, and the fraud which you claim you are finding? Show me just one check written to a dead person.

Actually what is happening is that they are making this stuff up so that they can gut social security. If you found it, then expose it. Don’t threaten seniors and discuss interfering in the Social Security Administration that pays retirees the money that they rightfully deserve. But Trump’s actions worry ALL Americans. He is causing so much unrest with the American people. Trump’s end game – to divert Social Security funds to go directly to the rich, in the form of tax cuts, and another way to help reduce the National Debt. Why would any president do that. Your hard earned money cannot be used to reduce the national debt, but if you listen closely to Trump’s speech last night, you will learn that he claimed that he WILL balance the budget in his second term. With what, your Social Security money?  By providing massive tax cuts to the rich?

Trump is so full of S H _ T, that he can’t even pay his own bills, he can’t pay his own workers in all his past businesses. He filed for bankruptcy at least a dozen times. Trump Steaks.. Trump University… and the list goes one. It’s not so funny now that the country has to listen to a fraudster and a convicted felon tell the American people on how he will be helping them.

Back in October 2024, Elon Musk admitted that “Trump’s plan will collapse the U.S. economy, and says that it’s necessary for everyday Americans to experience “temporary hardship”.  That is what Elon Musk said. So back in October of 2024, they literally claimed that they were going to crash the economy, and now they are doing it. Now they got there hands into social security.

Elon Musk now has access to your personal files, and he is using algorithms and crawling around into EVERYONES Social Security files and claiming to have found enormous amounts of fraud, waste and abuse. That statement was made by Mike Johnson, the Speaker of the U.S. House of Representatives in a recent “Meet the Press” interview, that massive fraud was found within the Social Security System. So if you claim it, prove it and this administration may be respected in the future.

Stocks Continue to Fall while Trump Lies to Joint Session of Congress

March 5, 2025

As was the case on Monday, Dow Futures are ahead, but just like on Monday, the stocks will again tumble. There is no stability, and with the tariffs in effect, the markets do not have a chance to level out. All they will do is fail. It is now March 5th, after Trump’s speech to a joint session of Congress last night,  proclaiming that he is doing what the voters wanted him to do, because he claims he had a mandate during the election.  One major problem with his speech was that it was full of lies.

Regarding the futures, the Dow Jones is up right at this moment by .46% or 195 points. S&P futures and Nasdaq futures each added about .7%. This is what is happening now. But the speech by Trump to a joint-session of Congress was disturbing.

During his speech, it was obvious that he was ad libbing during parts of his speech.  He obviously was trying to highlight his ambitious vision for America, which is what he wants everyone to believe.  The address was marked by interruptions with several Democrats, including Jasmine Crocket and Maxine Waters, walking out. Trump’s claims about the economy Social Security and tariffs were fact-checked revealing significant discrepancies. Then Alyssa Slotkin’s Democratic response emphasized the importance of the middle class, national security, and democracy, uring citizens to stay ingaged and hold elected officials accountable. The discussion also touched on the need for a focused response to Trump’s claims. Slotkin’s speech was one of the better Democratic responses.

Trump did not share or have prepared remarks shared with the media. He was obviously ad libbing when he was making economic decisions, when he said that the American people would have to bear with him, that there would be little disturbance, and that there will be an adjustment period. He was suggesting that the roiling that we saw in the markets is something that he knows he cause, but he knows people will not mind.  But what is actually going to happen starting today, prices will be higher on just about everything. His tariffs that he didn’t highlight in his speech, will cause misery to the American people. He ran on lowering prices, not raising them.

For the record, the worst inflation in this country was in 1980, and the economy left for Trump after Biden was considered worldwide as the best economy in the world. But instead, he implied that his economy of his first term was better than Biden’s single term in office. The best economy of the world was described that way in the ‘Economist magazine’ as the envy of the world

Trump then attacks Social Security. I’ve said this prior to his speech last night that Trump and Musk will eventually attack Social Security and when it is interrupted, it can fail. Trump is claiming massive fraud within Social Security and that there was overpayment in the millions, which for the record is completely false.

Trump claimed that the big three auto industries in this country love his policies, where in fact the CEO of Ford Motors, Jim Farley, said that Trump’s tariff policies would “blow a hole in the U.S. auto industry. Who would you believe, proven liar Donald Trump or the CEO of Ford Motors?

Regarding to support to Ukaraine, the U.S. has only committed about $125 billion to Ukraine’s defense, Europe has committed about $259 billion, the the president lied when he said that America has committed more more to Ukraine’s defense. Near the end of his speech he mentioned that last night before his speech to Congreee, Trump claimed that the president of Ukraine plans to do what it takes to end the war, including to give precious metals to the U.S. as partial repayment. He said that the president of Ukraine is now open to peace talks, and do whatever is necessary to prevent further bloodshed. After the White House meeting that ended in failure between the President of Ukraine and Trump, I hardly believe that Ukraine is ready to submit to the United States.

Trump claims that Joe Biden closed over 100 power plants, which is another outright lie. There were more utility sized power plants up and running in the United States when Joe Biden left office than when he achieved office.

Oil and gas production in the United States hit an all time record under President Joe Biden. Also, DOGE has never claimed that they have saved hundreds of billiions of dollars in savings. The largest items they have claimed to achieve as savings in the US budget have been debunked and they’ve been taken down. But even they don’t falsely claim hundreds of billions of dollars worth of savings. But Trump makes that claim, which is a total lie.

And then on top of all that he said, I can recall him making a spectacle out of praising a young man who thus far survived pediatric cancer, as if he as president had something to do with that. The fact is that DOGE cut amongst other things, funding for ongoing research into pediatrics.

Another thing that was immediately noticeable was when he mentioned that Elon Must is the head of DOGE. As noone would think this was really important since Musk seems to act more of a president at times than does Trump himself, but now the matter will end up in court, because Trump claimed to the court that Elon Must has no control of DOGE. So, it’s just another lie that Trump was caught in, as his statement in front of Congress was directly contrary to what the administration has overtly swarn to a federal judge about the leadership of DOGE. I’m hoping that the courts really put Putin in his place and criminalizes the organization.

 

The Stock Wrap-up for Tuesday March 4, 2024

March 4, 2025

No one should be suprised. This outcome has been inevitable, but it was preventable. The following note found on ‘The Daily Beans Podcast’ says it all.

I don’t say this lightly. All you have to do is look at the trending data from the U.S. Stock markets. The DOW dropped 680.23 points or 1.55% just today alone, because our president decided to activate tariffs he’s been threatening for the last 6 weeks. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The Nasdaq, which is tied closely to tech-heavy industry, dipped more than 2% at its lowest point and came within striking distance of correction territory, which is a term that refers to an index falling 10% from a recent peak.

So it’s happened. Since March 1st, the trend has been spiraling downward. The State of the Union Address comes tonight, and it will be very eye-opening on how Trump will portray the State of our Union. Before it even happens, I can assure you that his speech will be filled by lies. The Republican Senators will applaud him. The Democratic Senators will stay silent. Has even one Republican Senator helped even just one of their constituents. Find me the proof and I’ll believe it, but there is absolutely no proof that any Republican lawmaker who is following Trump, is helping ANY of their constituents.

Yesterday, the markets were signaling to the American people what was about to happen today. Many Americans have decided to run this out, but what will they have to loose to ride this wave of stock market sell-offs before they realize that it is going to affect them, even though they voted for this president.

Then, it will be too late. The question now is what is it going to take to prevent a further free-fall. It’s normal for the stocks to go up and down. That’s what’s great about our economy. But in the end, they should always go up more than they have been going down, and there is just no indication in the foreseeable future to say that the declines will reverse any time soon.

I know that this report is very glim and bleak, but as they say, “it is what it is.” These are the facts. We are now living a World Wide Trade War in this year of 2025, initiated by Donald Trump himself, for all of his rediculasly foolish reasons.  This situation should have never come about, but it has.

 

What has Trump done for Russia lately? What has Trump done to help Americans?

March 4, 2025

For starters, Trump’s actions directly benefit Russia. For example, he is limiting enforcement of foreign agents. He has disbanded the task force to fight foreign interference in elections. He has closed the Justice Department Kleptocapture Unit which was responsible for providing and initiating sanctions against Russia, and he has shut down the U.S. Agency for International Development (USAID).

Last week, Trump ended U.S. support of the Ukraine Energy Grid. Trump is now siding with Russia in UN resolutions on Ukraine. He is advocating for Russia to rejoin the G7. Recently he held U.S. – Russia talks in Saudi Arabia as Ukraine was not invited, and Trump says he is looking forward to meeting with Putin once again.

Trump appointed Kash Patel as his FBI director. There have been mass firings at the FBI and the CIA and he has suggested breaking up 5 eyes intelligence sharing, that’s when 5 countries share their intelligence to help keep the world safe.

Does any of this seem to be good for America. The answer is an obvious NO.

The United States is no longer acting as a democracy. Donald Trump is not acting as the leader of the free world. Donald Trump is now siding with a dictator, and he is willing to allow his dictator friend Putin to completely destroy Ukraine and make the land part of Russia.  If Russia is successful, I would predict that Putin will now call his country the Soviet Union once again. And I do not believe that Putin is finished with his aggression after he concurs Ukraine with the help of the United States. If that were to actually happen, the United States would deserve the same fate as Russia did years before. The United States should be kicked out of the G6.

NATO is the only thing standing in Vladimir Putin’s way to take over the world. The United States is proven to be weak country, and will now implode within with Trump tariffs that will affect Americans. Trump indicated that he may even pull out of NATO, which would be a direct blow to the security of the United States and to the rest of the free world.

So this is what he has done on the foreign front and what he’s doing to Americans directly. But I expect so much more damage  to be done within the country which all begins with the tariffs that have gone into effect just today against Canada, Mexico and China.

There is one thing that not to many people are taking about. But they soon will if my prediction of the future becomes reality.

Before I state this idea I believe will come fact, please understand that this is only my idea and my vision for the immediate future of America.

I PREDICT A TOTAL FAILURE OF SOCIAL SECURITY WITHIN 3 MONTHS. That’s after Trump completely wrecks the economy in this short period of time. I hope I’m wrong. Immediately after, a recession will follow.

Yes, many people will laugh at this statement saying that I’m crazy for making it. But what if I am right?

There are so many disgusting things that Trump has done in the first 6 weeks of his 2nd term as president, that it’s hard figure out what is worse than the other. The fact is that he has done nothing for the American people, except for them to loose jobs and a sustainable living wage. All because he claims he wants to eliminate waste starting with the government, and he doesn’t care who he hurts in the process.

Tuesday – The Day of Recogning

March 4, 2025

It didn’t take a rocket scientist to predict what was about to happen today. The DOW dropped nearly 500 points today and the markets are not even closed yet, and the Nasdaq is flirting with correction territory. Why? Because Donald J. Trump has foolishly initiated a trade war.

People close to me, including my wife have been checking their stock values all day. My wife is upset, but I informed her that this day was coming. In a single day, she lost $500.00 in less than 4 hours. The markets have a few hours to go.

U.S. stocks saw losses mount on Tuesday as our felon president, Donald J Truimp put tariffs on key trade partners, which our partners were waiting for a signal to initiate their own tariffs on the United States. So what we have now is a global trade war and escalating fears of the national economy cracking.

Our fearless president instituted 25% duties on Canada and Mexico that took effect at midnight. Trump also slapped an additional 10% tariff on Chinese goods.

Monday’s plunge in the market didn’t phase Trump, because it ONLY amounted to a 1.2% drop. That drop was about 650 points. The S&P shed .8%. But that small percentage amounted to millions of dollars lost.

Nasdaq Composite didn’t feel the crunch as much, as they were cushioned by gains by Nvidia and Alphabet.

In reality up until today, the trading was not as bad as it will start with today’s free fall. That’s because the traders really weren’t sure if Trump would pull off this sick stunt, but now he has.

After Trump imposed tariffs on Canada of 25%, Justin Trudeau initiated their retaliation tariff on the United States of 25%. So what does Trump do? He said that he would add even higher tariffs on Canada.  So what’s next? Will oil now be cut off by Canada? Before Trump became president, Canada was exporting 97% of all of their oil production to the United States. No tariffs, as a result of the Trump USMCA agreement made by Trump and his neighbors of Canada and Mexico. But Trump has decided that he would no longer be bound by the USMCA agreement, the one that he instituted and our neighboring countries accepted during his first term.

Trump is no less than a RAT. He is undermining our economy, and hurting the world with his selfish actions. The markets were at an all-time high before he came into office. Now they are tanking. Millions and millions of dollars of investments by Americans have already been thrown out the window. Some Americans will never recover from this.

Trump was right when he stated that the country will feel ‘PAIN’. Is this what the people elected him to do? What about lowering prices for the middle class. What about NO TAX ON TIPS. Oh wait. The only thing Trump wants to do is help is rich friends with tax cuts.

I am making a very bold prediction here. I can feel it in my blood. If things continue with the way things are going with the economy, things like Social Security can fail within the next 3 months. You can laugh at this prediction saying that you have been paying into the fund your whole life. Well if that doesn’t get your gander up, nothing will, because I have been predicting this day for the last 6 weeks, and noone, not even my close friends and family members beleived it would happen. But here we are. Actually, I was suprised that my social security check arrived on time this month. Again I hope I’m wrong.

I will give another update here when the markets close later today. In the meantime, I need to console my wife as she is pretty upset with her investment strategy at the moment.

 

The Dow is Free-Falling and Tariffs now on the Horizon that will Hurt Americans

March 4, 2025

The first week in March is proving to be a very volatile week regarding the economy. On Tuesday at 12:00AM, Trump claims that 20% tariffs will go into effect for Canada and Mexico, and another 10% on China.

On Monday, the markets responded negatively regarding the threat of tariffs actually going into effect.

On Monday morning the DJI Index (Dow Jones), opened up at 44,900.49. But as expected, the markets dropped to a low of 43,160.68, which was a 1.55% loss with the final figure for the day being 43,160.68. That was a total loss in one day of 680.23 points.

But at market open, the market shot up to 44,033.8, because of Tesla and BitCoin. But it took less than 30 minutes for all of the gains to be sold off, and the Dow Jones Industrial Average went into the negative and never really came back.

Dow futures on Tuesday morning are looking positive, but not nearly as much as the futures were on Monday morning.

So what does ‘futures’ mean. Actually, the idea of what it means is fairly simple. Futures is a birds eye view of what will happen at market open. So you may wonder how anyone would know if the markets are actually closed until 9:30AM ET in the United States. That’s because the markets in the U.S. follow the markets that have been open at least 6 hours before the markets opened in the U.S. The U.S. markets will follow  what is going in Europe at 9:30AM E.T.

The prediction now since the markets are now open in Europe, is that the markets will open slightly higher than Mondays closing figure. But unfortunately, the markets are expected to free fall even more than what happened on Monday. Why? Because Trump will initiate the tariffs on midnight before market open. To make it worse, Trump cannot help himself by making crazy announcements when he addresses Congress on Tuesday night on Prime Time TV.

Expect a very volatile day regarding the markets, and another day of crazy sell-offs on Wednesday, after what I can already call a disastrous speech, full of lies and false promises that only Donald J. Trump would give on such a stage, because he is hungry for attention.

Regarding Ukraine, several Congressmen cozied up to the president of Ukraine during his visit to the White House will openly turn against him when Trump claims he will no longer support the war in Ukraine when he speaks on National TV on Tuesday night. As of Monday, Trump has stopped all military support for Ukraine. All shipments are stalled unless Trump allows them to continue to Ukraine to help fund the war. Stopping supplies to Ukraine gives Russia a logistical advantange in the war.

On top of this, Trump is siding with Putin of Russia and is expected in the next few days to give monetary relief to Russia. What does this mean? It means no less that Donald Trump has done an about face with American policy regarding Russia and Ukraine. Trump has decided to change sides and now support Putin. No other president in American history has every done such a thing. He is the ONLY American president that has sided with Russia in a war. The United States has never sided with a country that attacked a Democratically controlled country. The president has decided to not support the Democratically elected president of Ukraine, but instead support a dictator and murderer named Putin.

This, on top of what Trump is openly doing to our economy, will set the United States back for years, with the economy, and with relationships to other countries, especially our closest neighbors, Canada and Mexico.

There will be daily updates on this website regarding the economy, and a report of Trumps talking points with his message to Congress which will be televised on Tuesday night.

 

The ECONOMY is about to go over a cliff

February 27, 2025

Donald Trump is determined to wreck the economy. Here is what he posted on Truth Social just moments ago. The date is February 27, 2025 at 8:05AM CT. The Dow Jones Industrial Average has taken a leap, but it was not as big as it could have been in a positive direction if Donald Trump didn’t make that tariff announcement 30 minutes before the opening bell.

Here is what Trump said in his Truth Social post…

“Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels. A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China. More than 100,000 people died last year due to the distribution of these dangerous and highly addictive POISONS. Millions of people have died over the last two decades. The families of the victims are devastated and, in many instances, virtually destroyed. We cannot allow this scourge to continue to harm the USA. And therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled. China will likewise be charged an additional 10% Tariff on that date. The April Second Reciprocal Tariff date will remain in full force and effect. Thank you for your attention to this matter. GOD BLESS AMERICA!”

So now starts. The continued downward spiral of our economy will be immediate. With Trump’s very reckless response as given in the above statement right before the markets opened today, the stock markets will immediately start their downward spiral. Great job Donald!

Canada will not sit back and neither will Mexico. They have already decided to move a lot of business away from the US because of Trumps recent threats, but now he is actually going to go through with his madness. Canada has already secured new trade with countries in the EU because of Trump’s initial threat a month ago, as oil and gas and other minerals are now leaving Canada that were originally going to go to the US, but now are going to Europe and China.

As I have been saying for quite some time now, when Trump finally pulls the trigger and actually initiates the tariffs to Canada and Mexico, those countries will reciprocate with their tariffs on goods going into the US. Trump says there will be ‘PAIN’. He is actually clueless. He has no idea how many people in the US he is hurting. Far more than the “more than 100,000 people” he will be hurting in this country which will affect free trade around the world. Unemployment will skyrocket.  If US companies want merchandise from these so called tariffed countries, the companies will pay the higher prices but then pass the cost onto the American consumer.

As he states, “TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled.” The markets will not wait until that date.

They reacted today. The Dow lost 270.90 points.

On Monday, The Dow was up 131 points from Fridays close.

On Tuesday, the Dow dropped 112 points.

Wednesday, the Dow dropped 110 points.

Today the Dow dropped another 270 points.

Do you se a pattern here? The economy is about to fall of of a cliff, and it will be pushed over when Trump announces tariffs on Canada and Mexico. But Trump doesn’t care now to help the economy or the middle class.

Tourism from Canada to the US is now being discouraged in Canada. People are cancelling vacations they had scheduled in the US. So, US tourism will feel the “pain”. Not Donald Trump. He will play another game of golf today.

It never had to be this way. There is nothing but chaos in Washington D.C. at the moment. Trumps cabinet are with him ‘lock, stock and barrel’, and they seem to be determined to carry out Trumps will that will hurt this country. Democracy will now be tested unlike it has never been tested before in this country.

Donald Trump Continues to Crash the Economy

February 22, 2025

Well folks, we seem to be in a downward spiral. Yesterday the Dow Jones Industrial Average when down by another 748.63 points. The volitale week took the Dow down by 1,255 points. So plain and simple, there has been a stock market sell-off this week. The 10-year Treasury yield dropped with a concern over the health of the economy. The midigating factor –  the threat of more tariffs.

I’ve had concerns about the economy being affected by Trumps threats of tariffs to our neighbor to the north, Canada, and to our neighbor to the south, Mexico for quite some time in posts dating back for months. And if that weren’t enough, Trump put a tariff on China of an additional 10%, added to the 10% he put on China during his first term as president.

Prior to Trumps threats to Canada, our neighbor to the north was shipping 97% of all crude oil from production to the United States. But recently after the threat of a 20% tariff to Canada, they decided to start doing business elsewhere. Canada has just made a trade agreement with China, and now they are shipping oil to China. I might add that they have worked out a deal where there will be no tariffs between the two countries.

Last week, Canada joined the EU. That was a result of the threats made by Trump. Canada is now widely diversifying, and they are now trading substantially with Europe. This adds up to only one thing. The United States will no longer get 97% of Canada’s shipments of oil. If the U.S. is lucky, they many get 50%. So what does this mean. It means that the prices at the gas pumps will be going up soon. Prior to Trumps threats, the major exports from Canada went almost solely to the United States. Not any longer. And, I’m sure thaat Trump is proud of himself.

Things like this will have a cascade effect on our economy. If oil prices go up substantially, Trump will be forced to tap into the oil reserves within the U.S. But with possible upcoming tariffs to Canada, we can expect Trump to use the oil reserves and then there is a chance that gas prices will double.  But if you ask Trump about tariffs, he will tell you that Canada will pay for them. But shortly, everyone will see first hand who has to pay for Trumps mistakes with Canada.

I actually don’t see a way to stop the downspiral of the DOW. There is a big chance that all the gains that were made during the Biden presidency will be lost in the markets in the next upcoming months and beyond, and the GDP will also fall.

I hate to be the grim reaper here, but what you are reading is the truth. Trumps actions tell a terrible story that did not have to happen. If I were reading a book and see how the cost of gasoline is going up, I would think it was just fiction. Actually, it is fact and about to become very real.

As always when I write so negatively about our economy, noone wants me to be wrong more than myself. But I’m reporting the facts here, and I see which way the markets are going.

By the way, the other major markets tanked on Friday too.

The NasdaQ composite dropped by 438 points on Friday.

The S&P 500 dropped another 104 points from Thursday.