After stock markets plummeted in response to Donald Trump’s announcement of widespread tariffs, he suddenly announced a 90-day pause on the new policy. Capital will resist any measure that threatens profits — and that’s just what happened yesterday.

After stock markets plummeted in response to Donald Trump’s announcement of widespread tariffs, he suddenly announced a 90-day pause on the new policy. Capital will resist any measure that threatens profits — and that’s just what happened yesterday.

  • gravitas_deficiency@sh.itjust.worksEnglish
    724·
    3 days ago

    lol uh I don’t think that’s what happened. It was pretty obviously market manipulation. He’s intentionally creating a dip, then buying it, and selling the spike. I expect this to be repeated going forward.

    • miguel@fedia.io
      50·
      3 days ago

      Dude literally pointed to his friends who made a killing on it, and posted “buy” info on his socials before reversing.

      If we had any kind of system of laws, that’d be jail time.

    • Boddhisatva@lemmy.worldEnglish
      21·
      3 days ago

      Yep. He even announced on TruthSocial, “THIS IS A GREAT TIME TO BUY!! DJT” less than four hours before he dropped the tariffs.

      • gravitas_deficiency@sh.itjust.worksEnglish
        9·
        3 days ago

        This is exactly what I mean :P

        For those who haven’t seen this yet: yes, it is real. I didn’t believe it at first either. It’s just so… absurdly blatant. But it is very much real.

    • ThrowawayOnLemmy@lemmy.world
      9·
      3 days ago

      It can be both…

      He reacted to the movement in the bond market out of panic, but also saw it as an opportunity to enrich himself and his cronies once he knew he was gonna cancel tariffs because he saw how the market would bounce back based on the tweet the day prior.

    • resipsaloquitur@lemm.ee
      7·
      3 days ago

      The tariffs are on pause while his palm is out waiting for some silver to cross it.

      That was always the plan. Just bribes.