• Stock markets yesterday.

    From Joseph Pereira@1:124/5016 to All on Thu Apr 10 06:55:52 2025

    The markets were still surprised yesterday by Trump's backtracking. He grabbed at the last straw to save face after all. What was funny was that one representative of the Trump administration was in the middle of questioning by senators and was suddenly confronted halfway through his statement with a policy change that was also unknown to him. Then you really look foolish. It clearly indicates that it's all not policy but a panic-driven reaction within the Trump administration.
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  • From Mike Powell@1:2320/105 to JOSEPH PEREIRA on Thu Apr 10 09:11:00 2025
    The markets were still surprised yesterday by Trump's backtracking. He
    rabbed
    at the last straw to save face after all. What was funny was that one representative of the Trump administration was in the middle of questioning
    y
    senators and was suddenly confronted halfway through his statement with a policy change that was also unknown to him. Then you really look foolish. It clearly indicates that it's all not policy but a panic-driven reaction within the Trump administration.

    Yeah, the pissed off countries (especially China) selling off their US
    bonds forced Trump to backtrack, and fast.

    There are also now some calls for an investigation. Off and on for a
    couple of weeks now, the administration has started the day with one
    message only to flip-flop. There is concern that they are intentionally manipulating the stock market to make money for those "in the know" about
    the upcoming flip-flops.

    It is called insider trading.


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