I’d be really curious to see how they explain to people (including Americans) why they lost their savings for education and retirement.
Of course, losses, though painful, don’t hit the wealthy hard enough to make them suffer. But those who relied on and believed in the growth of their savings—to pay off mortgages, fund their children’s education, or supplement their retirement pensions—are deeply troubled by the loss of their long-term savings. They invested in stocks, bonds, and even crypto, trusting they would grow.
If Trump’s theories come true, even partially, it will likely take years—for investments to materialize, factories to be built, enough skilled workers to become available, and markets (and thus savings) to recover and grow again.
And there are still many unknowns that could invalidate or derail his theories. A looming trade war and his arrogant approach to the rest of the world—from a position of strength while ignoring the suffering of ordinary people—are just some of them.
I’d like to be as optimistic as he is, but I just can’t manage it ☹️.
