Economists have never liked tariffs. I am surrounded by economists, in my personal life (got two of them for siblings) and in my professional life so more or less I know their sentiments. Protectionism always has a way to slap you in the face and most of that will be in the form of unforgiving inflation.

When the US imposed tariffs in the 1930s, it was followed by the Great Depression. It’s not a coincidence. For those who paid attention during their Economics 101 class, they know that tariffs on agri commodities contributed to build up to the Great Depression. And periods of strife and hunger lead to wars/uprising.

So Donald Trump is repeating what Republicans of the past did. He didn’t study history.

Now the question is, should I shift a bigger allocation now to the S&P 500 UITF when I know in two years it will tank? Maybe I should start buying when everything falls from the sky? The problem is, the US economy may not be able to recover from it and cede the throne of being the biggest economy and “leader of the free world” to China. Would it be useless if I continue the current allocation for my PSE feeder fund when I know it will follow Wall Street?

Maybe I should go debt all the way. Yeah, fixed income mutual funds thrive during recessions. I know that interest rates will go sky-high again as tariffs will push inflation to God knows where.

I should rethink my visit to my bank branch in QC next week.

The dry season is already here and my pathetic garden is starting to bear fruit, like the bell peppers I sowed a few months ago. The lone pomelo fruit that was left after Typhoon Kristine ravaged my yard is still there, holding on.

The cooler days and nights allowed me to cut my electric bill in half since we’re just using our electric fans. However, I already felt like the 23 to 24-degree nights are disappearing so I would have to call in the aircon guys again to clean my units before we return to heavy usage of my power hoggers.

I should enjoy the remaining cooler days outside before the hot summer sun kills us again.