YOU ARE NOT SERIOUS PEOPLE – THE ART OF BANKRUPTCY: The two Truth Social posts featured are only two days apart. In the first Trump instructs people not to be weak and stupid because of the stock market crashing. In the second, he trolls people, referred to as Panicans, by asking if they took his advice to buy cheap stocks.
At the time he sent the second Truth, Truth Social stock was down by 13%. As we now know, Trump was telling all his mates to buy cheap stock because he was about to announce a 90 day pause on tariffs. He did in fact make this announcement a few hours later, which led to some stock rebounding, including Truth Social, which shot up to + 20%.
Even though Republicans are trying to convince the world that this was the plan all along, 90% of people understand that this is bs. Trump followed his own advice and very nearly bankrupted America. The beauty of the entire drama is that Trump is no longer seen as being infallible. He is not right about everything, in fact he is wrong about most things.
“To say no to President Trump would be to say no to God.” Remember this quote from White House faith advisor Paula White. It’s about time GOP Senators and House Members wake the fck up. If they don’t learn to say no, Trump will end up destroying America. I’m certain Putin would love nothing more. The next big test is the massive tax cuts Trump and Mike Johnson are trying to force through the House.
INSIDER TRADING – MARKET MANIPULATION: Hours before issuing his stunning reversal of his reciprocal tariffs, President Donald Trump urged investors to buy, posting on Truth Social, “THIS IS A GREAT TIME TO BUY!!!”
He concluded the post with “DJT.” Although those are the president’s initials, it was also potentially a nod to Trump Media & Technology Group Corp, which trades under the ticker “DJT.”
At the time, the parent of Truth Social, DJT shares were down nearly 13% this month. After the announcement, shares were up over 20% for Wednesday alone.
White House press secretary Karoline Leavitt dismissed concerns about President Donald Trump’s decision to impose widespread tariffs in the first place, telling reporters it is a negotiation tactic, as markets react now to a 90-day pause.
“Many of you in the media clearly missed the art of the deal. You clearly failed to see what President Trump is doing here,” she said outside the White House alongside Treasury Secretary Scott Bessent. The “art of the deal” refers to Trump’s book, “Trump: The Art of the Deal,” about his career in business.
“It took great courage, great courage for him to stay the course until this moment,” Treasury Secretary Scott Bessent told reporters at the White House moments after Trump announced a 90-day pause on the new reciprocal tariffs.
This is one of the greatest days in American economic history we have had,” Peter Navarro, Trump’s trade adviser, says. He tells Fox News that “all the nervous nellies” on Wall Street undermine the president. The tariffs situation has “unfolded exactly the way it should” and is now going to move “fast and beautifully”, he adds. – CNN
TRUMP PANICKED: The stock market crashing is one thing, the bond market crashing is something all together more apocalyptic.
– President Donald Trump was forced to backtrack on his sweeping tariff plans because of a ‘fire sale’ in the bond market which could have triggered economic meltdown. Fox Business senior correspondent said President Trump ‘capitulated’ on his sweeping tariff plans and had no choice but to U-turn.
Charlie Gasparino, senior correspondent, said that it was the crashing bond market which forced the White House to backtrack.
Speaking minutes later on Fox Business, Gasparino said: ‘Let’s be clear what happened. Who capitulated here and why? I don’t want to say this because I am a patriot, I am an American, but it is the White House who capitulated based on everything I hear and all my sources.
‘And the reason why is because of the bond market. When you have yields on the 10-year rising to 5 percent, stuff starts shutting down. When you have the lending markets screwed up.’
US government bonds have traditionally been seen as one of the world’s safest assets, and as a place where investors can put their money in times of volatility.
But the sudden fall was one of the clearest signs yet that investors may be beginning to lose confidence in their safe haven status – and an indication of just how much the world’s biggest economy was shaken by Trump’s tariff plans. Alongside causing major turmoil in the stock market, Trump’s sweeping tariff plans caused a US government bonds sell-off unlike anything that had been seen since the depths of the Covid-19 crisis
BIG IN JAPAN: Gasparino claimed that, according to his sources, while Trump was negotiating with Japan, it was dumping US Treasury bonds ‘because they believed this was not a great place to do business.
‘That forced their hands,’ he said, referring to the White House.
Economist Mohamed El-Erian, President of Queens’ College, Cambridge and Allianz chief economic adviser also blamed the bond market sell-off for Trump’s U-turn.
‘Up to an hour ago, there was a debate on what would convince the US Administration to opt for some type of pause on tariffs,’ he wrote in a post on X at 2.30pm ET.
‘Would it be Congress, the President’s advisors, business leaders, the legal system, markets, or something else?
‘We got the answer today: It’s the government bond market–particularly, how close it gets to the line that separates wild price volatility from market malfunctioning.
While the bond market may seem far removed for regular Americans, experts warn how it can have an impact on mortgage rates. A rise in Treasury yields, which move inversely to prices, means government borrowing costs will surge higher. Rising borrowing costs tend to filter across and cause an increase in mortgage rates, which have previously been on a downward trajectory in recent weeks. – 🦊
Apr 10, 2025 3:40:35 pm