OzBargain Advice for Riding Out The (Hypothetical) Trump Global Recession?

RolandWaites on 03/02/2025 - 13:14

Hi Ozbargainers

With the looming threat of indiscriminate tariffs against countries, ally and foe, there seems to be growing concern about the potential for a significant economic downturn directly related to decisions being made in the White House right now.

As we head toward what may be the second economic slump in only the past four years, and potentially the second global financial crisis within 20 years years, I had hoped Ozbargainers with experience could share how best to survive - and perhaps profit - through a hypothetical 2025 economic downturn.

I have already stocked up on beans and powdered milk, and sold the dog to ensure our provisions last at least an extra month. I have added several editions of Marx and Bukarin to my Kindle in case of a potential anarchist society taking over the other side, plus I have downloaded the Fallout TV series as a guide for any apocalyptic deterioration.

Any suggestions for what I might be missing would be greatly appreciated.

Financial

Comments

  • TEER3X on 03/02/2025 - 16:54
    +3

    I've read some pretty out there theories, I really do hope nothing much happens. It will affect us in Australia if shit hits the fan.

    One (crazy?) theory is they are purposely tanking the economy, a reset of sorts, where lots of businesses go broke and the oligarchs swoop them up for next to nothing.

    • Ocker on 03/02/2025 - 17:02
      -5

      Exactly what Labor is doing in Australia

      • Gdsamp on 03/02/2025 - 17:10

        Albo's Australia

      • Protractor on 04/02/2025 - 00:06
        -1

        There is no Australia. It's a convenient lump or raped land pillaged ,exploited and abused by rich mainly western white parasitic entities, enabled by gutless obsequious sycophants in Canberra. ( Both sides of the House.)
        If we are talking about loyalty and flags it's been us grovelling to the divided states of muurca since 1946/

    • dealhunter52 on 03/02/2025 - 18:06
      +6

      US has become a Kleptocracy.

      Trump family, Oligarchs, and their faithful will loot the nation in one of the biggest wealth transfer in modern times.

  • Stuj on 03/02/2025 - 17:13

    Move to Greenland, nothing ever happens there

  • welcomeUniverseWorld on 03/02/2025 - 17:29
    -6

    Atleast hopefully we won't be forced on some hypothetical untested injection just to save our job in the name of "democracy"

    • Gervais fanboy on 03/02/2025 - 17:30
      -1

      Pretty sure the the majority of Ozabrgain is ‘pro choice’.
      So I don’t even know what you are trying to say there.

  • quanticism on 03/02/2025 - 17:47
    +2

    Search S&P500, look at the graph before and after the global financial crisis in 2008. Then look at what it is now. Do you need to liquid assets over the next 2 years? Yes, then maybe do something. No? Then what does it matter.

  • RealUltimatePapo on 03/02/2025 - 18:29

    You'll find that if you stop eating,.you won't have to pay for food anymore

    Combine that with a nice cardboard box, and you're basically set

  • nasesco72 on 03/02/2025 - 19:04
    +2

    Having invested thru the GFC and covid crash - keep powder dry for when there is blood on the streets then buy buy buy

    • Poor Ass on 03/02/2025 - 19:59

      Talcum?

      • nasesco72 on 03/02/2025 - 20:31

        $$$

        • Poor Ass on 03/02/2025 - 21:28

          seriously what you recommend to buy?

  • pufffdragon on 03/02/2025 - 19:20
    +2

    How is this indiscriminate? Trump said it many times what he is going to and what his hopes are. Pretty well thought out if you ask me.

    • Fredfloresjr on 03/02/2025 - 20:47

      You’ll hurt them with this reality.

    • try2bhelpful on 03/02/2025 - 20:49
      +2

      Just because he said he was going to do it doesn’t mean it is thought out at all. He is like a drunk mumbling at a party.

    • Protractor on 03/02/2025 - 23:34

      So if I asked why the Ukraine war was NOT over a day after he started the job your excuse would be…..?
      And I don't remember anything Trump articulated about 100% racist policies. Nor does S Africa,Mexico and every other place he and the other insecure bald man (Musk) have the cross hairs on.

    • dealhunter52 on 04/02/2025 - 00:18

      Well, he promised 60% tariff on China. As far as I know, 10% is not equal to 60%.

      So he treats strategic neighbour and an ally who fought along with US in 2 World Wars, Korean and Afghanistan wars worse than an adversary and a strategic rival. That's how you lose credibility as a dependable ally.

      Elon Musk has done great job for master Xi and saved his Chinese factories and business.

  • Embaloo on 03/02/2025 - 21:02

    Wait, aren't his policies predicted to have decent fallout for a lot of our industries and economy?

    What sources or predictions are you reading that are fuelling your concerns?

  • justworld on 03/02/2025 - 22:06
    +1

    Recessions are good for you if you are in a strong income position and can afford to buy assets on the cheap

    Just shore up your clientele/job security, which you should be doing anyway.

    • gakko on 03/02/2025 - 22:26

      BRB calling my clientele

  • acersaurus on 03/02/2025 - 22:07

    Move to Greenland and become a mango farmer.

    Everyone loves a tariffed mango.

  • Protractor on 03/02/2025 - 23:29

    Tariffs? Minor issue. The orange rugged Grand Wizard is happily resurrecting Apartheid. Our country is halfway there through our immigration choices, and now Dutton is using a $5M bait to lure the rich white beneficiaries ( who aren't here yet),. Trump has asked Nazi saluting Musk to dust off the model and start all over again.
    Make America Gestapo Again is live. Our govt just dropped its bundle and lost its balls at the same time>

    https://www.news.com.au/sport/afl/sam-newman-sparks-backlash…

    https://www.abc.net.au/news/2025-02-03/labor-postpones-big-s…

    How Dutton can faux whinge about anti semitism and keep a straight face, in the face of confected reality that he is dog whistling about, shows how brain dead the population is.

    • dealhunter52 on 04/02/2025 - 00:41

      Our country is halfway there through our immigration choices

      No, we are not.

      How Dutton can faux whinge about anti semitism and keep a straight face, in the face of confected reality that he is dog whistling about

      It's collective shame for our country when a community has to hide their faith & identity because of events happening half way across the globe. Places of worship and childcare centres are fire bombed and vandalised. Property and cars of a community are target because of their religion and faith. Current Labour leadership is absolutely responsible for this and they are the ones who were dog whistling and have let it get to this point.

  • razgrizhan on 03/02/2025 - 23:38

    Luigiiii wannabes or cloness there are 2 new targets now the shit orange man and one fake gamers as a target

  • RiseAndRuin on 03/02/2025 - 23:49
    +1

    Buy enough sleeping pills to sleep through the next 4 years, wake up to a new world… maybe…

  • Mysterious on 04/02/2025 - 01:13

    Hard to know if the tariffs will actually have such an effect because the mainstream media has had such an influence on peoples thoughts and decision making, but the party opposed to the liking of the mainstream media has won. It's hard to know what to believe at this point. And no you can't just expect half the world population to be informed about complex taxes hence why we entrust politicians to make important decisions on our behalf. I'm not going to pretend that I know a lot about the intricacies of these tariffs. I've always been quite neutral when it comes to politics but with all the obvious bias against Trump over the last decade it's hard to know what's real and an actual threat these days.

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