I’m starting the process of moving the Doom Report to a less weekly format. So this week I’ll give you a few nuggets, but save the rest up until there’s sufficient momentum for a more nuanced report.
This week, the great sage Benny Johnson gave us these indelible words of wisdom: “Losing money costs you nothing.” I mean ... except for all that money you lost.
Hunh.
Maybe Benny’s not so bright after all. Happily, there’s a solve for your financial woes: just follow Trump’s social media and he’ll tell you when to buy and sell.
Good videos this week:
Legal Eagle has an in-depth look at the tariffs, from how stupid they are, to where the numbers come from, to why they’re most likely illegal. Probably the best video of the week.
Some More News has a great explainer on the economy. Great mostly because they echo what I said over a year ago: the numbers the Democrats are using to demonstrate how “good” the economy is are not working any more. Refreshing to know there’s a school of thought where people actually understand that. But the video is also good because they quote Robert Reich—I love it when my sources of information overlap.
Speaking of Reich, he had a good (and very quick) video on how President Musk is reducing his tax burden. Not yours, of course: just his.
More Perfect Union had a great video on the Bernie/AOC rallies. Also featuring John Russell, who is my favorite MPU contributor.
Another MPU video, only slightly less entertaining, but probably more informative: why we have a major shortage of fire trucks. An excellent couterexample next time someone is trying to convince you of the benefits of privatization.
We’ll talk more next week, I’m sure.