Depression if trump wins

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He’s written a lot of books about business. They all seem to end at Chapter 11,

Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.

Trump’s Taj Mahal opened in April 1990 in Atlantic City, but six months later, “defaulted on interest payments to bondholders as his finances went into a tailspin,” The Washington Post’s Robert O’Harrow found. In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt.

PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt. Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession.

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You have 89 days. From clothes to electronics and appliances, here’s what you should stock up on before Trump’s tariffs pause ends in July

In terms of methodology, Fortune collected consumer spending data from U.S. government agencies like the Bureau of Labor Statistics and the Bureau of Economic Analysis to compile what goods Americans spend the most money on. We then cross-referenced those categories with U.S. import data and statistics from the World Bank and the U.S. International Trade Commission, and then looked at supply chains for these products—particularly where they’re assembled and manufactured. We then prioritized the list of countries based on the prices that are most likely to spike—Asian countries, not surprisingly, are dominant in many categories.

Products America imports

Appliances

Items to buy now:

  • Washing machines, dryers – South Korea (25%), China (145%)

  • Refrigerators, microwaves – Japan (24%), China (145%)

  • Vacuum cleaners, air purifiers – China (145%), Malaysia (24%)

  • Coffee machines, blenders, toasters – China (145%), Thailand (36%)

Babies & Kids

Items to buy now:

  • Toys and board games – China (145%)

  • Strollers and baby gear – China (145%), Vietnam (46%)

  • Children’s furniture and activity sets – China (145%)

  • Children’s clothing – Myanmar (44%), Cambodia (49%)

Clothing

Items to buy now:

  • T-shirts, jeans, outerwear – Bangladesh (37%), Vietnam (46%), India (27%)

  • Undergarments and socks – Sri Lanka (44%), Pakistan (29%), China (145%)

  • Athletic wear and sneakers – Vietnam (46%), Cambodia (49%), China (145%)

  • Fast-fashion – Bangladesh (37%), Vietnam (46%), India (27%)

Electronics

Items to buy now:

  • Smartphones, tablets, and laptops – China (145%), Vietnam (46%), South Korea (25%), Taiwan (32%)

  • Smartwatches and fitness trackers – China (145%), Malaysia (24%)

  • Computer monitors and parts – Taiwan (32%), China (145%)

  • Televisions – South Korea (25%), Vietnam (46%)

  • Chargers, adapters, accessories – China (145%)

Health & beauty

Items to buy now:

  • Skincare products (sheet masks, serums, moisturizers) – South Korea (25%), China (145%), Thailand (36%)

  • Haircare (shampoos, treatments, styling tools) – China (145%), Vietnam (46%)

  • Cosmetics (makeup, nail polish, tools) – China (145%), South Korea (25%), India (27%)

  • Electric toothbrushes and razors – China (145%)

Home décor

Items to buy now:

  • Desks, chairs, bookshelves – Vietnam, China (145%)

  • Rugs and curtains – India (27%), China (145%)

  • Wall art and lamps – China (145%), Malaysia (24%)

Household items

Items to buy now:

  • Bedding and towels – Pakistan (29%), India (27%), China (145%)

  • Bicycles and e-bikes – China (145%)

  • Pet supplies (beds, toys, feeders) – China (145%)

  • Cell phone accessories – China (145%)

  • Tools and hardware – China (145%), Taiwan (32%)

  • Solar panels and batteries – China (145%)

Kitchenware & home goods

Items to buy now:

  • Pots, pans, utensils – China (145%), India (27%)

  • Small kitchen appliances

  • Dinnerware and flatware – China (145%), Vietnam (46%)

  • Storage containers – China (145%)

Jewelry & accessories

Items to buy now:

  • Gold and silver jewelry – India (27%), Thailand (36%)

  • Costume jewelry – China (145%)

  • Watches – China (145%), Japan (24%)

  • Handbags and wallets – China (145%), India (27%)

Kitchenware & home goods

Items to buy now:

  • Pots, pans, utensils – China (145%), India (27%)

  • Small kitchen appliances

  • Dinnerware and flatware – China (145%), Vietnam (46%)

  • Storage containers – China (145%)

Outdoor gear

Items to buy now:

  • Luggage and backpacks – Vietnam (46%), China (145%)

  • Tents, sleeping bags, outdoor gear – China (145%)

  • Sports apparel – Vietnam (46%), Cambodia (49%)

Pharmaceuticals & over-the-counter medications

Items to buy now:

  • Generic prescription drugs – India (27%)

  • Pain relievers (ibuprofen, acetaminophen) – India (27%), China (145%)

  • Vitamins and supplements – China (145%), India (27%)

  • Cold & flu remedies – China (145%), India (27%)

  • Diabetes supplies and test strips – China (145%)

School supplies

Items to buy now:

  • Notebooks, pens, and paper – China (145%), India (27%)

  • Calculators and basic electronics – China (145%)

Vehicles & auto parts

Items to buy now:

  • New cars (especially from Toyota, Honda, Hyundai, Kia) – Japan (24%), South Korea (25%)

  • Replacement parts and tires – China (145%), European Union (20%)

  • Motorcycles and scooters – China (145%), India (27%)

  • EV components (chargers, converters) – China (145%)

This story was originally featured on Fortune.com

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I think he’s trying to lift the Aussie dollar which is wat sent stocks up . NZD cad was the driving force lifting the Aussie .

1 Like
250

Litecoin falling

1 Like
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Us 2000 about to
Collapse :boom: