Real reason: His "advisers" cashed out from shorting the stock market and bought stocks back.
Biggest stock surge since October 2008 too, reeks of market shorting. Wish I was rich and morally bankrupt enough to profit off this.
The Trump family made at least $500 million pumping and dumping cryptocurrency. I guess they're tired of playing in the crypto sandbox and going for the big money now.
probably could go so far, until people catch onto crypto schemes.
Who pays when a stock is shorted? Genuinely curious. Shorting stocks is like gambling right? Who is the house in this scenario?
It absolutely is a gamble, a dangerous gamble. Essentially, when you short a stock, you "borrow" a stock from someone with the promise of giving it back at a certain time. You then sell it, wait for it to drop, then buy it back. You give it back, usually sharing some of the profits you've made with the person you've borrowed it from.
The problem with that is that if the stock goes up while you've borrowed it, you need to buy it back at the deadline of the deal at the price it happens to be at. Unlike normal stock trading where you can only lose up to the money you've invested, there is no limit to how much money you can end up losing shorting stocks if things don't go the way you expected. This is how the whole GameStop stock shorting debacle happened.
When shorting stocks, a stock is borrowed, and then sold. Whoever they borrowed the stock from is the loser here
The person you borrow from gets a small guaranteed win because you get paid a small amount for the privilege of borrowing their shares. The one who loses is whoever bought the shares at the higher price. That can be the person borrowing the shares, or it can be another person interacting with the stock market at the other end of your transaction.
"To calm the markets, I have again, without any warning or clear reasoning, changed my mind based on the random feedback that has reached me."
Hahaha “yippy”. What a tool.
So what, is he just going to keep declaring tariffs then pausing them every 90 days? Ridiculous.
He's not going to wait even 90 days before he starts playing this game again. It'll only take until he sees himself being portrayed as weak for backing off on some fucking cable news opinion spot. I don't even give it a week.
I hope the other countries of the world are still working out how to avoid trading with the USA until Trump has gone. The only thing he has established is that the USA is no longer a reliable trade partner.
Or trading with individual states while circumnavigating the feds, thisll help keep them from manipulating the market as easily while directly fucking over federal control.
is that even possible?
Legally fuck no, but my family has a saying "It ain't illegal if the Sheriff is involent" fact of the matter is that if the feds can't enforce their authority it ceases to exist. Frankly speaking it's also the duty of the states to ignore the feds and even outright defy them when the federal government hurts the states population.
Yeah I guess I just meant like... logistically?
Ports of entry don't move, and shipping containers are huge. I'm probably just not thinking flexible enough.
The feds are heavily reliant on state support and everyone turning in their paperwork, on top of that if memory serves right it's the IRS who handles most of that which means they probably don't have the man power to actually investigate what's going on. Fact of the matter is the feds are almost completely propped up by a handful of states, this means that the second those states just stop helping federal power will start to evaporate.
not like the feds were useful anyways, especiall trump has replaced most of them.
Yep fuckem.
Ooooooh. Interesting. Thanks for sharing!
It'll only take until he sees himself being portrayed as weak for backing off on some fucking cable news opinion spot.
I would prefer that they hurry up with it. With the unbelievably short attention span and memory of his voterbase, 90 days is about 87 too late for them to be able to correlate their support of him with any financial consequences that personally affect them.
Seriously? Even the penguins are getting a tariff pause? Lazy do nothing no good penguins living off of the American ~~debt~~ dream. Shame.
Sad!
Thank you daddy Trump for temporarily slowing down the financial disaster you caused. I barely even remember that the economic wars you started were completely unnecessary and counter-productive.
Stay yippy, everybody.
Finally, a name for the new political party.
So he blames us for his plan not working (or worked as intended…)?
Because clearly the only problem with Trump's master plan is that the people aren't pulling their weight. If they would only listen then things would work out. /S
This is what backing down after overplaying your hand looks like. It's good to know that be US can't take on the rest of the world at once in a trade war.
They are just paused for the moment, the claim was to allow negotiations, so I'm really wondering what those penguins are going to bring to the discussion. I'm faily sure the are going to just keep living their lives unaware of Trump's existence. And the supporters will call that a win. DOGE will likely say we saved $50 billion dollars off never talking to or exchanging any goods with the penguins. And MAGA will cheer about all the money that never existed not transferring to their pockets.
That's not the reason. People being yippy never stopped him before.
Because he is an idiot, surrounded by idiots.
USE GROWN UP WORDS THAT ARE IN THE LEXICON PLEADE
I'm assuming it comes from golf - when someone gets the yips?
Yippee Ki Yay mother Fucker!
These damn yippys! The glorious market crash must wait.
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