I am NOT an economist, and neither are most of the people crying on here about tariffs and the stock market. I see it too …. and have been advised multiple times in the past by my financial advisor to “ride the storm and you’ll be okay”.
The markets have never been a flat line and have never been a solid, unbroken incline. In the last 5 years, my accounts have INCREASED about 60%. Put that next to the @5% recent drop.
Since 2009, which is as far back as my account program will allow, the bottom line has increased nearly 500%, yes, nearly 5x. Again, the recent drop, while hurtful, is not going back anywhere near where I have been in my balances.
The diagram is from MY ACCOUNT, not something I found randomly on the Internet. I’m intentionally not showing the dollars, but you can see the ups and downs, but relative increase over the last 15 years.Other recent quotes that I find interesting:
“If tariffs are so bad, why do all these other countries have them?”
In earlier US history, up until they were replaced by income taxes in the early 1900s, the USA used tariffs to raise revenue and to protect the young, new manufacturing businesses on the East Coast. Here is a link to that article: https://time.com/7268866/history-of-tariffs-trump/
A whole list of links posted for a recent “Unbiased Politics” podcast at: (scroll down on the page) https://www.jordanismylawyer.com/episodes/april32025
And below an interesting post from Eric Trump.
