Fund managers worry about Trump’s mental state amid tariff debacle
www.independent.co.uk
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’

Trump’s tariff reversal came after he watched an interview on Fox Business with JP Morgan Chase CEO Jamie Dimon, during which the bank boss said that a recession was a “likely outcome” of the new trade policies, according to the Washington Post.

Trump was asked by a reporter on Wednesday when he decided to put a pause on the tariffs.

“I would say this morning. Over the last few days, I’ve been thinking about it. Fairly early this morning,” he said.

  • Aceticon@lemmy.dbzer0.comEnglish
    5·
    21 hours ago

    His experience of the last couple of recessions has probably been:

    • “The Markets, Politicians and Press do a lot of noise whilst poor and working people have to be squeezed even more whilst the Government makes sure rich people don’t lose any wealth and at the end of it we the rich are making even more money than before”

    I mean, all that it takes is to look at the changes in wealth of the top 1% of the population compared to the rest in the aftermath of the 2008 Crash.

    From his point of view a recession is a good thing because it and subsequent measures by the Government and Central Bank makes him even more money than “normal” times. Sure, it’s on the backs of the riff-raff, but who cares about the riff-raff when they’re so easy to lead by the nose?!