pull down to refresh

Trumps comments on Truth Social
243 sats \ 7 comments \ @zuspotirko 4 Apr econ
Interestingly he's suggesting that he's doing all this on purpose. Why would he say that? Well the market could take this (a) positively: he's still in control and there is a masterplan (b) negatively: he's openly hostile against the economy. Trump is obviously hoping the market will take it as (a).
write
preview
related posts
140 sats \ 1 reply \ @028559d218 4 Apr
The president is a moron.
reply
500 sats \ 0 replies \ @carter 4 Apr
no cap detected
reply
0 sats \ 0 replies \ @justin_shocknet 4 Apr
The thing about smart people is that they seem like crazy people to dumb people. -Stephen Hawking
Low status retards on the internet with no intel that have been wrong about everything for years vs. the narrative whispering centerpiece of a multi-decade military intelligence operation to restore US national security
My popcorn longs paying out fantastically
reply
0 sats \ 3 replies \ @Undisciplined 4 Apr
There's an option you're missing: he's not against the economy, but he's also not for Wall Street.
For over a decade now, populists have complained about how all the gains are going to the Wall Street fat cats. If things are improving in people's daily lives, this could be a Main Street vs Wall Street strategy.
reply
33 sats \ 2 replies \ @zuspotirko OP 4 Apr
How would these tweets (or truths) support this hypothesis? Especially the left one?
reply
5 sats \ 1 reply \ @Undisciplined 4 Apr
I don't know what the point of the first one is, but there is no way Trump is saying that he's intentionally crashing the economy.
The second one is focusing on how things that affect normal people (energy and egg prices, unemployment, interest rates, inflation) are improving. That's why this possibility occurred to me.
reply
0 sats \ 0 replies \ @Solomonsatoshi 6 Apr
Trumps tariffs will hit the less well off most- low income earners spend most of their income on consumption which is more affected by the tariffs and the 20-30% consumer goods inflation pump they will deliver. That inflation in turn devalues the USD and reduces the relative government debt burden. Trump is using tariffs to make low income US citizens pay for the tax cuts he is planning to give to himself and his wealthy fat cat sponsors...and to delay the collapse of the USD by reducing the US govt debt servicing burden by boosting government revenue via tariff revenue.
reply