Some fund managers concerned ‘that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology’

As Donald Trump’s back-and-forth on trade policies creates chaos in the financial markets, some fund managers are questioning the rationality of his decisions.

“In the last few days, we have had many conversations with macro fund managers,” Tom Lee, the head of research at the financial analysis firm FSInsights, wrote on Wednesday morning, before Trump backed down from most of his tariffs on U.S. trading partners.

“And their concern is that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology,” he added. “A few have quietly wondered if the President might be insane.”

  • Pringles@lemm.ee
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    2 days ago

    If they had stopped for 2 minutes between lines of coke to think about this, they would’ve realized this about a decade ago.

  • zephorah@lemm.ee
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    2 days ago

    He’s 80 years old and has lived his life in erratic impulsivity. That’s the background structure of the inertia he is experiencing during dementia, allegedly.

    • Kyrgizion@lemmy.world
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      2 days ago

      If fate is exceptionally cruel (to us), he’ll live to 100+ while losing most of his faculties much earlier while still being propped up. Seeing as to how the worst possible humans to exist seem to somehow outlast every decent person ever, I’m not holding out much hope.

  • sj_zero@lotide.fbxl.net
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    2 days ago

    To be honest, I am so sick and tired of all these articles…

    If you’re too stupid to understand the guys way of thinking don’t advertise it like you’re proud of it. It isn’t because it is impossible to understand what he’s doing, it’s because you just haven’t wrapped your head around it.

    You don’t even have to agree with what he’s doing. It’s perfectly reasonable to take a look at what someone is trying to do and decide that you don’t like it even if it has an internal logic to it, but it isn’t some big own on the guy that you don’t understand what he’s doing.

    And to preempt anyone going “well then what’s he doing”? The same thing he’s been doing since the '80s! It’s called the big ask. Start off by asking for something that no one is going to agree to, then when everyone freaks out you pull back a little bit and everyone breathes aside relief not realizing that you just took more territory than they would have originally agreed to. Again, you can disagree with the strategy, but it’s perfectly rational to do.

    I mean that’s even what he was doing with the 51st state nonsense. He asked for the entire country to be annexed, and then he’s eventually going to settle for some favorable trade terms. Same with annexing the panama canal. It becomes so routine that the only reason that people aren’t realizing what it is is that it is politically expedient to pretend that you don’t understand the very basic tactics that he’s using. If you can’t figure it out by now, that’s not something to brag about, that’s something to be ashamed of. You’ve seen this movie so many times and you don’t know that the guy with the knife is going to stab the pretty girl who just had sex, it means you’re stupid!

    • EightBitBlood@lemmy.world
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      2 days ago

      Sure, that’s what Trump is doing - but does he even realize it?

      A toddler learning to walk gets a lot of attention from his parents when he tries to stick a fork in an outlet.

      If that Toddler wants more attention, they’ll do it again and again without ever realizing how close to being electrocuted they are. Eventually that Toddler grows up learning all the wrong lessons, and if they come from enough money they never suffer or learn the consequences for acting that way. That Toddler, now adult, still craves negative attention from adults, and acts like an insufferable asshole to get it, grabbing people by their genitals, doing drugs, and never getting punished because of their parents wealth.

      Do they know they’re an insufferable asshole? Do they know their actions - done purely for attention - have a bigger impact on those around them?

      I don’t think they do.

      They are too emotionally underdeveloped and intellectually stunted to ever understand their own motivations.

      When it comes to Trump, I don’t think there’s a chance in hell he knows he’s even doing his “big ask” strategy. I think he’s at the mental capacity of a toddler doing to the world what worked for him to get attention from his deranged parents.

      He’d ask them for big things, like an entire business he can run to get their respect, then settle for a small loan or something else he’d never get from them otherwise because his parents hated and mocked him for taking their handouts instead of working on anything himself.

      He’s a toddler doing what worked for him to get his parents attention on a national scale, and I sincerely doubt he even understands his compulsion to behave that way.

  • limer@lemmy.dbzer0.com
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    2 days ago

    Uh, all of this was planned by the oligarchs who support Trump. It was literally advertised a year before he was elected, it is called a wealth transfer and has nothing to do with politics, sanity or ideology.

    It’s theft by means of terror, and events like this will keep happening: taking the markets to the brink and even beyond sometimes, over and over again for the next few years.

    After people get jaded enough to not be so shocked, the ante will be upped: expect everything to be used, eventually, to swing the markets, including threats of nuclear war and brinkmanship with China and others.

    This wild ride is only starting

  • makyo@lemmy.world
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    2 days ago

    It has been long obvious that he doesn’t have the mental capacity for leadership of anything, much less the USA

  • Phoenixz@lemmy.ca
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    2 days ago

    Rich assholes fear trump is exactly what everyone has been saying he is and now fear they might become less rich assholes.

    Aaahhww, that is so sad.

  • humanspiral@lemmy.ca
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    It’s more that the plan was based on overconfidence in US exceptionalism and power, and gross misunderstanding of Navarro’s stupidity. Like propaganda that west is stronger than Russia militarily, and sanctions would cause Russians to be as stupid as the west’s gullible population, instead of extremely determined to defend themselves. Tarrifs on the world combined with military threats to allies creates the same determination against US, and the illusion that the US is more powerful than China is something that disappears when reality is tested. The illusion that the US has any economic sustainability or strength at all, gets tested.

    It’s all about plans that are based on lies, and the propagandized belief of those lies, must adjust to reality.