As I chirp this, on Monday morning, the Dow Jones has gone down another few hundred points. It is trying to recover from an opening where it was down about 1000. It will most likely be wildly swinging up and down all day and most likely closing down again. Last Thursday, and Friday the total value of the market went down close to 9% which means that the total value of my retirement savings probably went down around the same level.

These last few days has left me emotionally torn. I am also thinking that I’m not the only one. What Trump is doing is sheer madness. The same protectionism put in place in 1930 with the Smoot-Hawley Act put the US and the world into a deeper depression. More financial analysts are predicting a recession in the US, which will certainly affect Canada and the rest of the world.

Yet I am, in some respects, cheering on this market slide. I am cheering it on with the hope that Trump backs away from his madness. He has no understanding of finances. He has no understanding how trade works.

If the markets for some unfathomable reason does come back up that means the tariffs will stay. For Canada, that means a number of our industries will be gutted, absolutely gutted, starting with the automotive industry.

People out west might think well there you go now you know how it feels people back east. But have you noticed the price of oil per barrel the last couple days. That is crashing too. For Alberta what this means is that a one dollar decrease in the price per barrel means lost revenue of $750 million. Everybody gets hurt, throughout Canada.

So I hope the world keeps on the pressure on Trump and make him retract his lunacy. Trump is known for never apologizing and never admitting he’s wrong. So who knows how this will end?

That’s all I can handle for today.