"Tariffs change everything."
Here is his latest warning:
After the war, a deliberate economic integration system was chosen to make countries interconnected, with the aim of preventing another war.
This system became known as globalization.
The return of tariffs represents a retreat from this approach.
Inflation will rise sharply.
Global trade and cheap manufacturing have contributed to a 40% decrease in the prices of durable goods, despite the dollar losing 75% of its value since World War II.
This will not continue.
Costs will rise, and goods will become more expensive.
Uncertainty is at its highest levels, making the evaluation of market decline more difficult.
There is no historical data to refer to, as we are going through this for the first time.
This is the biggest challenge we face now.
The stocks of the strongest companies in the world are now being sold at discounted prices.
The question is: is the decline sufficient to buy a large stake?
If you are a long-term investor, you should at least seriously study the available opportunities.