NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.
How close are we to global market crashes and bank runs?
once the FDIC is gutted, we’re on our own with the banks.
Hmm. I need a plan for after they kill FDIC.
Lemme know if you think of one. Cash? Gold? Land?
I’m about ready to bury some gold. I was laughing at the gold buying people a year ago, then I read that JP Morgan Chase was taking their FIRST planeload of gold ($4 billion) to put in the vault in NYC. Last month this happened. Other banks are doing the same.
Probably land.