Wtf is going on
They are literally pumping and dumping the stock market as a whole. It’s market manipulation by tariff as they make bank on peoples fear.
announce tariffs > market uncertainty > sell off stocks > value goes down > buy the dip > pause tariffs > markets recover > laugh all the way to the bank
or something like that
That’s what I did. I rebalanced my stock allocation from 50% to 80% and put a few thousand more in the market.
These swings are good opportunities to harvest losses if they cause any and you can move into something else that’s similar.
Like from a Blackrock 80/20 fund to a fidelity 80/20 fund or whatever it would be.
Minimal risk but you can still realize a loss.
I was going to do that until he of course undid it today. My timing was off unfortunately.
I disagree. While many of his sicko fans may be pushing towards this goal, Trump, himself, is far too incompetent, stupid, and demented to understand the point of what ever he is, he does. He reacts at a pure emotion, and this play will obviously end him And all of us in a much worse position. He’ll still convince him, Self he’s winning, though, and every sycophant around him will vociferously agree.
The only way to stop any of this is if Trump, and his entire cabinet, are dead. I’ll leave it up to you to figure out how that should happen.
Oh stop that. He knows exactly what he’s doing. It’s a reverse pump and dump to make insiders more money, while also destabilizing the global economy to help Russia.
It doesn’t much matter whether he has a plan to destroy the USA or whether he is a dumbass being manipulated by others with a plan to destroy the USA, or whether the manipulation is mainly based in blackmail or narcissistic pride. The overall result is the same.
I wonder if all this is just a distraction for something else… no idea what though.
It’s not intentional…
His first term had people managing him and stopping him from doing this shit.
This term is all people egging him on
He thought countries would rush to negotiate, instead they called his bluff. So now he’s vaugely saying “everyone” has been negotiating so he’s pausing everyone but China.
He wants every country to think they’re the only one not negotiating, when really no one is.
trump isn’t that hard to predict. 80s sleazy business practices are way more likely than some convoluted scheme to crash everything.
Putin wants him to, and trump is gonna do it. But at no point will trump be crashing the US economy intentionally, he’s genuinely doing his best right now.
And that’s way fucking scarier
Quick edit:
Even this 90 day pause, it’s almost certainly just because they saw the bounce from that fake tweet, and knew it would at least cause another bump if they really did it
They’re fucking idiots with no clue what they’re doing.
At this point, I am convinced it’s a pump and dump scheme, still ongoing, too. It only takes a few people in the know of when and where the news break about the tariff supsension, to seriously make a killing on the market, on the backs of others. Trumpists can now also (for a while) feel like their God has saved them again and never steered them wrong, or curse their momemts of doubt, when they did not buy yesterday, as their prophet called for.
It is a mixture of incompetence, impulsivity, but I am certain at this point, a huge chunk of it is outright corruption and cult tactics.
I honestly believe it is intentional as well. The 90 pause that went around social media the other day wasn’t a mistake it was a leak.
They’d be stupid to not be financially gaining from their intentional manipulation. We hired an entire administration of grifters, what else should we expect?
Any bets that it will take less than 90 days before we get the next tariff circus?
I feel like it’s just going to be round 1 of Canada and Mexico all over again. The pause for them didn’t make a difference. He said “let’s make a deal”, Canada and Mexico made a deal, and then 30 days later the tariffs began regardless.
No one is making deals this time because everyone knows they won’t affect the outcome. What is affecting the outcome is making threats. So either he just stubbornly waits it out, getting nothing in return before they happen anyways, or he chickens out and walks it all back.
Trump told his friends to short their stocks, announced tarifs to crash the economy, they all made tons of money.
Had everyone buy low, announced pause on tarifs, made tons of money again.
I really hope its that way, and not just trump being batshit crazy and having no idea or plan what to do.
I guess the strategy of USA is based on D20 dices. That would be my best guess.
South Park already explained how the US government determines economic policy…
They wanted to extort other countries but they are too stupid to execute something like this. They used ChatGPT and fake experts to come up with this ‘plan’ and it failed. Now they are bailing. In couple of days they will start droning Mexico or Israel will start another ground invasion somewhere to cover this fuckup with another one.
This just proves that US tariff policies are unstable.
Why would any company move production to US based on tariff then? Imagine spending money to move a factory from China to America, and the next month tariffs flip flop and your competitor laughs at you all the way to the back counting earnings from their Chinese imports.
Dems just need to say that their candidates will drop all new tariffs like this. Which is goofy (repubs pro-tariff, dems anti), but it incentivizes them to not go along with any of this, medium/long term
Trump is fighting against himself, and he is losing.
This is blatant market manipulation, he and his cohort are laughing their asses off getting richer than ever
This is so stupid. He announce tariffs, markets tank. He pauses, markets rebound. He then imposes tariffs, markets tank. He pauses… oh he’s jerking off everyone. got it.
I’m beginning to think Wall Street and this stock market thing might involve scamming and fraudulent activity… Maybe crypto too…
Yeah, but here is the tragedy to all that: It is still also deciding, which things get the capital investments necessary to exist, and the livelihood of people has been entangled with that shitshow to an absurd degree.
Sometimes I almost love that I am already at subsistence level disability payments (in a European Welfare state, so thankfully, not in danger of starvation or anything) without any real wealth beyond day-to-day living expenses, there’s not that much for me to lose every time this shit happens.
To add to that chaos, the announcement that there was a 90 day pause was not even true. It was tweeted by Steven Bloomberg or something and markets rebounded because it spread all over Twitter and outlets started reporting it, but he never said it so they sank. Did he actually end up announcing a 90 day pause now? So now they’re back up? The fuck?
Pure fucking market manipulation.
At this point I kind of hope China goes nuclear and implements a complete import and export ban with the United States. China has the social infrastructure inplace and debt head room to borrow their way out of any kind of financial crisis. The United States does not.
China uses debt differently. Local governments are not allowed to borrow money directly, so they use companies to borrow money for public works. The system is called local government financing vehicle(lgfv). They usually get land, which they sell or lease to get some money or to secure loans. It is usually understood that local governments would bail lgfv out. The issue with lgfv is that they owe more money then the GDP of China and it is secured with mostly real estate, which is somewhat on the edge of crashing. Chinese real estate is crazy overvalued, so popping that bubble can hurt China badly.
The difference is that China is in a trade war with the US. The US is in a trade war with the rest of the world.
China exports a lot. The libs on lemmy are lying to themselves if they don’t think this is going to hurt China in any way. It’s likely going to be harder on them in fact.
Is America the only country on the planet?
You seem to forget that the EU and China are starting to mingle; and that China is heavily involved in Africa et al via the Belt&Road Initiative.
Obviously everyone gets hurt in it a trade war, that’s why it’s called a war. But the the long term outlook for China is significantly better than America’s - they will win a war of attrition.
China is also doing their due diligence. Tit-for-tat is the most effective negotiation strategy, you will not beat physics, and they understand this.
The craziest part is that both America and China were benefiting immensely off of the status quo, considering they were the #1 and #2 richest countries on the planet. But since the least qualified person on the planet to handle money (Trump) has unregulated power, it has all gone to shit.
Yes, they export a lot, but this would only be to one country. The US is likely their biggest trade partner by a large margin, but they could still trade with 176 other countries.
It will hurt them but not cripple them. The US gets SO MANY things from China that it would cripple our country. Every computer chip outside of the TSMC fabs, every junk toy, half our clothing, tons of car parts, everything sold at Harbor Freight and Home Depot, cell phones, etc. They’ll still be able to sell those to the rest of the world, but the US would have to switch up our entire global supply chain. It would take years to recover.
Yes, they export a lot, but this would only be to one country. The US is likely their biggest trade partner by a large margin, but they could still trade with 176 other countries.
You say that like they aren’t already. Are those 176 other nations prepared to make up the slack that the US isn’t buying?
It will hurt them but not cripple them.
This was, in fact, what I said. That it would hurt them. People seem to be reading some fan-fiction version of what I said that involves the US destroying China or something.
Haven’t seen anyone saying that.
China’s financial instability and housing market issues are going to make them vulnerable. That said, the world does more trade with China than America thanks to global Western companies outsourcing all their manufacturing there (thus screwing blue collar workers in their home countries).
That same world is now slightly more interested in punishing America thanks to the Trump regime. If he doesn’t revert to previous agreements in the next 6 weeks or so, then I’d expect a global recession is coming not too far down the track.
I would say at this point the global recession is coming even if he would revert to the previous agreements because you can’t just regain trust like that.
This is hard on the whole world in a way that nobody is going to come out hurt less in any meaningful way.
Only one country doesn’t see that.
Everyone will be hurt badly by this, it is just the US that will be hurt worst of all because they started a trade war with literally everyone at the same time AND turned themselves into a hostile environment for migrant labor AND reduced spending on education.
