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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWall Street seems to have decided that Trump is mentally unstable - AlterNet
I want to suggest today that what we are seeing on Wall Street and in markets around the world is the sudden realization that the president is mentally unstable that he has dementia, probably and as a result of that realization, investors no longer have any faith in Donald Trump.
Yes, I know.
The conventional explanation for why markets have been tanking is the realization that Trump really meant what he said on the campaign trail, and that his position on tariffs wasnt just rhetorical but firmer, stronger and more ideological than investors were willing to believe.
But if Trumps position were a matter of conviction, markets might be able to adjust, as conviction would beget a clear explanation and a coherent plan of action, which in time would beget some kind of stable order that investors might not like in the end, but could come to trust.
Thats not whats happening. Trust is long gone. On Monday, the S&P 500 fell 2.4 percent in another wipeout, according to the AP. The Dow Jones fell 2.5 percent, the Nasdaq 2.6 percent. More worryingly, the AP said, is that US government bonds and the value of the dollar also fell.
Yes, I know.
The conventional explanation for why markets have been tanking is the realization that Trump really meant what he said on the campaign trail, and that his position on tariffs wasnt just rhetorical but firmer, stronger and more ideological than investors were willing to believe.
But if Trumps position were a matter of conviction, markets might be able to adjust, as conviction would beget a clear explanation and a coherent plan of action, which in time would beget some kind of stable order that investors might not like in the end, but could come to trust.
Thats not whats happening. Trust is long gone. On Monday, the S&P 500 fell 2.4 percent in another wipeout, according to the AP. The Dow Jones fell 2.5 percent, the Nasdaq 2.6 percent. More worryingly, the AP said, is that US government bonds and the value of the dollar also fell.
https://www.alternet.org/alternet-exclusives/trump-wall-street/?anplus
Good Choice Wall St.
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Wall Street seems to have decided that Trump is mentally unstable - AlterNet (Original Post)
justaprogressive
Yesterday
OP
His loss of the support of the idiot financial community is our best hope for stopping him.
Scrivener7
Yesterday
#8
C_U_L8R
(47,163 posts)1. The only path to happiness and prosperity is tune him out.
then throw him out. No one needs a random destructive idiot in their life.
Meowmee
(8,713 posts)2. It's about time, way to go WS 😹
ps. That article is blocked by a paywall.
malaise
(283,264 posts)3. That took long
That is all 😀
Conjuay
(2,381 posts)4. Well, duh! N/T
doc03
(37,732 posts)5. They pay the people that figured that out nt
Swede
(36,001 posts)6. Trump will go down in history as the worst President ever.
And second place will be so far back of him.
tanyev
(46,164 posts)7. Decided or admitted?
*smh*
Scrivener7
(55,481 posts)8. His loss of the support of the idiot financial community is our best hope for stopping him.