I spoke with my father yesterday. He thinks we are headed for prosperity with the new administration. (Apparently, not investing has helped him not see the rewards of the Biden administration.) But he did impress me insofar that he understands who pays the tariff. He tried to talk commodities about the price of oil and his understanding was even worse. But I had to simplify it even further. If Mexico sells apples here for $1. And America sells apples here for $1. If we add the 25% tariff to Mexican goods the Mexican apples are now $1.25. He was here following along. But when I stated that as the American Apple guy, I raise my price to $1.25 and get to reap more profit. This part he was able to follow along but it surprised him completely that a company would do that.
The idea that oil costs more to produce in one region or another based on geologic factors (and transportation) is well beyond him.
He used to be smart. Fox/OANN/NEWSMAX and talk radio has corrupted his brain. I am less credible talking about oil and gas than a talking head who never stepped foot on a site, couldn't identify a sandking from a blender.
This man raised me to have values he has abandoned. They have no idea that Trump is fucking with the FDIC as well. That could lead to more issues and uncertainty in markets, but I guess when you don't have shit in them, you think it doesn't impact you. Until it does.