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Considering how open they've been about their clear conflicts of interest (Trump launching a cryptocurrency on day 1 of his presidency, being in charge of a pub
by tombert 2y ago
Considering how open they've been about their clear conflicts of interest (Trump launching a cryptocurrency on day 1 of his presidency, being in charge of a publicly traded company that he's made no effort to remove himself from, and the Diablo cheater being in charge of a department that gets to determine "efficiency" while also bidding on government contracts), I think we should really consider the possibility that Trump and Musk shorted or bought Puts on companies that would be hit especially hard by tariffs.
I debated doing that. I wish I had, I would have made a bit of money in the last few days.
- jayd16 2y agoToo bad oversight is "inefficient"
- __MatrixMan__ 2y agoWould the tariffs make more sense if this were true? I mean, I don't doubt that it's true, but it seems more like an opportunity to make some money on the side than a reason to do it in the first place.
- mandeepj 2y ago> I debated doing that. I wish I had, I would have made a bit of money in the last few days. The details weren't public. You can stop feeling being bad about yourself.
- tombert 2y agoWell, he announced when “liberation day” was going to happen. I debated buying one that expired on Friday.
- laborcontract 2y agothis is “due for a big one” gambling logic
- tombert 2y agoYeah, which is why I talked myself out of it.
- DarknessFalls 2y agoPlan for the tariffs to reverse course once enough political pressure mounts. Calls for say, three months out.
- wraaath 2y agocalls for 3 months out only make sense once the stock price is decimated, and there's no certainty that prices will recover given the bumbling antics of this administration.
- vkou 2y agoIf they give the Federal Reserve the DOGE treatment next week, negative interest rates could always save stock prices.
- ttyprintk 2y agoUnder normal circumstances, the chair cannot be removed without cause. And appointments must pass the Senate. But, fanatics can intimidate and stalk Fed employees, with the executive conveniently withholding law enforcement response.
- monkeyfun 2y agoDon't forget that bigballs was fired from one of his last jobs for... selling company secrets to a competitor.