A Crash Is Possible If The House Vote On Trump’s “Big Beautiful Bill” Actually Leads Passage In The Senate

I’D CONSIDER SWITCHING TO EURO ASSETS OR GOLD

I am going outside my area of expertise, so I’ll summarize Nobel laureate Paul Krugman and other economists:

This bill will cause interest rates to skyrocket, thereby tanking the housing market, thereby causing a recession, probably worse, because of this Government’s lack of expertise and experience in economic crises. Once a collapse starts they won’t know what to do!

My political background and instincts tells me that it’s not going to be just your average yogi bear recession because the public and consumers have no confidence in this Government and therefore they won’t buy anything that is not absolutely necessary. That attitude could also result in bank runs because depositors don’t trust the Government to not shut down large cash withdrawals, as happened in other autocracies, like Argentina with large deficits.

This can be a self…