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Bernardo de La Paz

(57,524 posts)
2. Financial media is full of stock picks for "correction", should you "buy the dip", "history says these are safe", etc.
Thu Apr 17, 2025, 06:15 PM
Apr 2025

They are all proceeding as if this is a normal situation, as if normal indicators can be relied on, as if historical parallels exist.

This is not normal. It is far from normal.

Further, there are no signs that the prime cause, the orange self-styled genius, is going to reverse and undo the disastrous edicts he has issued.

There is one historical parallel. Hoover signed the Smoot-Hawley tariffs in July 1930. The economic contraction was well under way by that point. Hoover, Smoot, and Hawley said it was just the medicine needed. It deepened the Depression dramatically and it would be 9 years before the US came out of it.


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