Trump only simulates madness
The rest of us pay the price
Friends,
In the last week, Trump has gone wild on the global economy, saying tariffs are the key to American prosperity.
As a result, global stock and bond markets tanked.
Today — telling reporters that “you have to be flexible” and conceding that “over the last few days it looked pretty glum” — Trump paused his tariffs for most countries for the next 90 days, backing down on his policy that had sent markets into a tailspin and threatened to upend global trade.
The reversal prompted the S&P 500 stock index to climb over 7 percent in just minutes.
Traders with inside information about what Trump was about to do — some of them, presumably, Trump family members and cronies — just made a fortune.
It looks like chaos, but Trump’s chaos always creates winners and losers, and Trump makes sure he’s on the winning side.
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