Almost certainly he backed down because he is manipulating the market and shorting on the whole economy. The whole reason for the stop and go tariffs is to cause market instability and panic selling. He shorts right before he introduces tariffs and buys when the market free falls. Then he pauses the tariffs to build the market back up so he can sell and repeat the whole process. This isn’t about anyone but Trump.
I think Peter Thiel and Dark MAGA billionaires are also pretty interested in what’s going on… they literally installed JD Vance as VP to guarantee inside influence over policies which serve their long term anarcho-capitalist fantasies.
I’m pretty sure anyone else benefiting from his antics are strictly consequential benefits he can take advantage of and have little bearing on whether or not he does it in the first place.
What is obscured in the strict ‘line up’ and ‘line down’ interpretations of the market is a tremendous amount of money churning through different hands. It invariably transfers to the wealthiest hands who are most capable of absorbing losses and taking risks. The vast body of wealth that is lost in high market volatility is… retirement and pension funds.
The Dow Jones could stay flat and billions of dollars could still be transferred into the hands of a dozen people.
I don’t think I indicated that I disagree with that. Just that nothing matters to Trump more than his number going up. And I don’t think that if other billionaires were losing money due to the market disruptions he is directly causing, he would do something differently. His prim directive is not to make the rich more wealthy or even to remove money from retirees and the poor. He doesn’t give a shit who loses money as long as his personal wealth grows.
Almost certainly he backed down because he is manipulating the market and shorting on the whole economy. The whole reason for the stop and go tariffs is to cause market instability and panic selling. He shorts right before he introduces tariffs and buys when the market free falls. Then he pauses the tariffs to build the market back up so he can sell and repeat the whole process. This isn’t about anyone but Trump.
💯 everything you said up to that last point…
I think Peter Thiel and Dark MAGA billionaires are also pretty interested in what’s going on… they literally installed JD Vance as VP to guarantee inside influence over policies which serve their long term anarcho-capitalist fantasies.
I’m pretty sure anyone else benefiting from his antics are strictly consequential benefits he can take advantage of and have little bearing on whether or not he does it in the first place.
What is obscured in the strict ‘line up’ and ‘line down’ interpretations of the market is a tremendous amount of money churning through different hands. It invariably transfers to the wealthiest hands who are most capable of absorbing losses and taking risks. The vast body of wealth that is lost in high market volatility is… retirement and pension funds.
The Dow Jones could stay flat and billions of dollars could still be transferred into the hands of a dozen people.
I don’t think I indicated that I disagree with that. Just that nothing matters to Trump more than his number going up. And I don’t think that if other billionaires were losing money due to the market disruptions he is directly causing, he would do something differently. His prim directive is not to make the rich more wealthy or even to remove money from retirees and the poor. He doesn’t give a shit who loses money as long as his personal wealth grows.