Couchpotato
Platinum Member
- Mar 2, 2021
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Posted in the morning, after his blustery speech to buy that day. Definitely market manipulation, at the very least. The question is, whether some got word before the public.
You are basically saying the President with his words or policy actions has an affect on the market. Yeah no shit. That doesnt make it manipulation. Unless you are contending that the reason he instituted the tariffs was to tank the market so that in 3 days he could rescind them and make a profit over that fluctuation. Is that your contention?
All this is irrelevant to the discussion of whether the POTUS manipulated the market for his or some other group's benefit. You not liking his policy actions doesn't equate to criminal activity. The fact that the market is so tied to what the Federal Government does and even what the POTUS says is a problem with the market and its utter reliance on the Federal Government, not random policy initiatives, or tweets by POTUS. If POTUS says the US is going to set standards for green energy usage and limit fossil fuel consumption through various policy initiatives is he manipulating the market? Because he's sure as shit having an affect on it.The damage to markets of his rash actions against markets in the US and across the worlds is incalculable, still at this time. Nobody is taking this lightly, as proven by reactions of the stock and bond markets, (dropping like a rock 5 our of 6 days in a row, only punctuated one day, when he reversed [temporarily at least]) forcing him to back down, rather than continue the immediate total destruction the markets, including all American businesses operating in this country and overseas. The erratic unpredictability, puts buyers, sellers, manufacturers, marketers totally unable to predict supply chains, products, parts, inventory to maintain, stock, even the value of existing inventories. It affects business planning at the most basic level. If you cannot predict costs, you cannot figure an accurate business plan, invest in inventories, or perform to existing plan. Winners and losers in the marketplace are at the whim of the government, rather than the needs and rules of supply and demand. I figure, we are probably fkd on average for the next 5 years, at least. Nobody can possibly trust us, to uphold economic agreements, as he proved, they mean nothing to him, and not for a minor case by case negotiations, but for all international agreements of any type.