My money's tucked away in Imperial Russian War bonds and Packard Automobile stock. They're comin' back, baby!
— Jack Lombardi II (@JackLombardi) April 5, 2025
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My money's tucked away in Imperial Russian War bonds and Packard Automobile stock. They're comin' back, baby!
— Jack Lombardi II (@JackLombardi) April 5, 2025
By the way, what is the current definition of a recession? It used to be two consecutive quarters of negative growth until it happened under Biden.
ReplyDeleteThe current definition is:
DeleteA quarter before the midterms with Trump as POTUS.
The previous definition was: Not while Biden's Brain Trust was POTUS.
The stock market always comes back. Not that I care, because I don’t buy stocks.
ReplyDeleteThe former admin's idea that we could just keep printing more money and going deeper into debt worried me more. Not that I understand it but it felt wrong. And better a stock fall with a known cause, which may deflate the dross in the bubble, than a sudden surprise burst with panic.
ReplyDeleteLooks like a buying opportunity, to me. I sold some a couple weeks ago, and now I'm starting to think about putting it back.
ReplyDeletePackard stock, eh? That might be a good hedge against the effects of the tariffs on the auto industry. They don't have any plants overseas!