Starting a trade war has consequences. That mortgage of yours is pegged to 10 year treasury rates. Bend the demand curve for foreign investors seeking safety in US government debt and stuff happens, like real estate bubbles deflating. What happens when foreign investors start dumping loans for vacant NYC buildings on the market because of their governments restrictions?
Look at the the classic Bogglehead investment - VTI. 30% of that portfolio is 10 companies, half of which are extremely vulnerable to foreign action. What happens to Apple stock when there’s a 30% tariff on iPhones?
You have reckless idiots turning knobs and people are going to get hurt. Then they get angry. LARPing right wing morons love to talk revolutions on their podcasts, they may get their wish.
Starting a trade war has consequences. That mortgage of yours is pegged to 10 year treasury rates. Bend the demand curve for foreign investors seeking safety in US government debt and stuff happens, like real estate bubbles deflating. What happens when foreign investors start dumping loans for vacant NYC buildings on the market because of their governments restrictions?
Look at the the classic Bogglehead investment - VTI. 30% of that portfolio is 10 companies, half of which are extremely vulnerable to foreign action. What happens to Apple stock when there’s a 30% tariff on iPhones?
You have reckless idiots turning knobs and people are going to get hurt. Then they get angry. LARPing right wing morons love to talk revolutions on their podcasts, they may get their wish.