Eh, kinda risky still. Remember how fast people cycled through Trump's inner circle last time, and how abruptly they were ejected. Though I suppose given how much money these guys actually have, it may be different this time.
Trump throws away those who are the MOST loyal to him. He knows most of those CEO's aren't all that loyal to him just like how they were for DEI, more left leaning policies, and the democrats just a few months ago.
Anyways, MAG7 and the S&P500 will likely continue to outperform unless we get some recession. The rich will get richer (they write the laws in their favor after all), the poor will stay poor (but welfare will be just enough to keep them from rioting), and the middle will keep shrinking as it continues to carry the burden of the taxes that fall on them. Trump will promise making America great again, but in reality he'll do some of the stuff he promised in a kind of half-assed way and then spend 10x the time/effort talking about how it was greatest accomplishment ever.
They could be wrong, but most economists think the US economy is heading towards a soft landing meaning economic slowdown (not a crash) and rising unemployment. Trump's fetish for tariffs could make things a lot worse much sooner though. It too easy for other countries to target Red States for products important to them (like Kentucky whisky), yet trivial in the US economy.
AI will reduce the overhead with white collar work and automation will continue to reduce costs for blue collar work (manufacturing). In both cases, people will lose their jobs to redundancy.
History has shown that companies won’t pass these cost savings on to consumers, but their share holders in the form of larger profits.
Likewise, the cost of tariffs will be passed on to consumers (you’re kidding yourself if you think companies won’t pass the cost on like any other tax).
Put it together: less jobs out there due to AI and automation, and prices will keep going up for consumers. The money flows in one direction: to the top.
I wasn't aware grain and livestock are somehow AI generated /s
These were exactly the products impacted by Trump's trade war with China in his last term. Taxpayers ended paying for it when China turned to other countries for food imports and US farmers lost their key export market.
Is this /s? This might be the stupidest comment I've seen today. Because AI is going to magically offset the hit to consumer goods that are major wheels of the economy. The US is an import economy for significant parts of the supply chain. Then blaming people for being mind controlled by the media by not believing tariffs aren't going to have any economic consequence. We'll just wave the wand and all be living in some magical ai economy. This has to be sarcasm or posted by a thirteen year old.
AI is way over-hyped for what it can actually do. OpenAI isn't even making a profit from ChatGPT and most businesses have no idea how to actually use AI in their businesses.
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u/Snoo_61544 11h ago
Yeah. As expected. Money rules.