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How do you prepare for such thing? Do you sell all stocks now? Then what?

I sold in May. I'm in the largest cash position (t-bills) I've ever had. I might be completely wrong. I just looked at the situation with the oil crisis, and without any obvious way to end it, I just figure, if there was every a more obvious "sell in May and go away" year, this is it.

Maybe I miss out on some gains and buy back in December or January. Maybe I'll increase my Berkshire position. I don't know. But companies tend to push the bad news till the end of the year, and boy, howdy there could be some bad news this year.

If we assume the play is the same as MAGA 1, the economic fallout happens post-2028. They'll keep inflating the bubble until MAGA cedes power. If that occurs.

COVID throws a wrench into any kind of analysis in that time period

I don't think so. Covid just provided more cover and justification for the looting programs.

I don't understand this thesis beyond: "the past predicts the future"

There's a lot of moving parts one of which includes the destruction of the concept of truth itself, so it's tough to describe. TLDR: we get to see how powerful modern propaganda systems are compared to those that existed prior to the great depression.

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