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No. This reads as capitulation by Trump who is now finding out his long held, half-baked economic theories are wrong. Trump got spanked by the bond market and
by 01100011 2y ago
No. This reads as capitulation by Trump who is now finding out his long held, half-baked economic theories are wrong. Trump got spanked by the bond market and realized how weak his position was. He can't walk it all back overnight without appearing even weaker than he already is. He's going to slowly roll back most consequential tariffs to try to escape blame for damaging the economy.
- numa7numa7 2y agoThis is it exactly. And all the people who are calling Trump a 4cd chess master and a genius are in my opinion highly influenced by his propaganda. They have a Trump Derangement Syndrome in a worship sense.
- amelius 2y agoTrump's Reality Distortion Field.
- spacemadness 2y agoI’m completely over the tech industry falling over itself to bootlick and apologize away everything we’ve seen play out recently. The Cloudflare CEO, Matthew Prince, recently posted on X trying to explain the strategy and likely calm investors fears: https://x.com/eastdakota/status/1909822463707652192 https://x.com/eastdakota/status/1909822463707652192 “They’re not stupid. I know enough of the players involved to know they’re not idiots.” “They’re not just in it for themselves. I get that this has become non-conventional wisdom, but I am going to assume for this that the goal isn’t merely grift.” TLDR: don’t worry, it’s 5D chess. Keep on bootlicking your way to success while your stock gets trashed by these policies and we double down on anti-science rhetoric which will hasten our decline. I guess most of these leaders will have cashed out before it all implodes.
- ejoso 2y agoThese excerpts and especially your TLDR doesn’t fairly digest his thesis and is a disingenuous and skewed read. Encourage others to read the whole tweet and form their own opinion instead.
- deleted 2y ago[deleted]
- spacemadness 2y agoI would hope anyone would do the same and not just take my word for it. That’s why I provided the link. I stand by my reading.
- int_19h 2y agoIt's called a cult of personality.
- someoldgit 2y agoTrump’s next book: “The Art of the Fold”.
- rvnx 2y ago“Gambling with your savings”
- rstuart4133 2y agoYou don't send 6 casinos broken and remain solvent by gambling with your savings. He is, and always has, gambled with other people's savings.