Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about what Trump's tariffs mean for the next couple of years.

Sorry about being late this afternoon, I was kind of assuming I'd be able to do this video before then.

But the markets would just not stop singing a Tom Petty song, free falling.

I expected a fast drop to a bottom, not the slow descent we saw.

We're obviously seeing the reaction to the tariffs both domestically and globally.

We're going to go over some base data and then talk about what it means assuming Trump continues on his current course.

Since Trump took office, the Dow is down 7.9%. The SMP 500 is down about 10.8%. The NASDAQ is down

16.2%. Just today's numbers show the Dow lost about 4%. Nasdaq dropped almost 6%. The SMP 500 fell 4.8%.

These are all bad numbers for investors, but Wall Street doesn't always equate to what we feel on Main Street.

In this case, these numbers kind of do. The mass sell-off is the result of investors now

being certain of what we've been telling you and what investors should have known for months.

Trump's policies are steering us straight into a recession. In fact, without a massive policy

shift, I don't really see how we avoid one.

The drop in numbers is the result of reality finally setting in.

Supply chains will be disrupted by the tariffs.

Prices for you and I will go up because of the tariffs.

Consumer confidence is already shaken, and people will probably spend less.

And the scope of Trump's tariffs is so big,

we're probably entering a global recession. The obvious question is how much further can they fall?

The Buffett indicator is still at 180%, even after the massive losses we've seen since Trump took

over. There's a lot of room to fall.

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