So it’s taken America about 3 weeks to see beyond the bravado, the bluster, the total bollocks, which is the work and words of Donald J. Trump and start panicking. Realising that their self-professed ‘saviour’ is in fact a liability of global proportions and a moron to boot. And when America panics, it does so as it does everything; in money. The stock markets plummeted on Monday, having since the inauguration been buoyant and rising on the bold and a bit vague promises by the Orange Man. As the Nasdaq dropped more than 4% in one day, the sweetest irony of all was that Tesla was the biggest loser at over 15%. Bringing Elon Musk’s ‘personal loss’ this year just $132 billion. I mean, should we re-think this whole ‘no-God’ thing?
Trump speaks a lot of words. A lot of words. And always twice, making it even more words. All of which carry a threat. A promise. A demand. A statement of intent. But never in any qualified or quantified manner. He has a deal with Russia and it’s big. BIG! He’s going to exact revenge on Hamas for the hostages, ‘like the world has never seen’. LIKE. THE. WORLD. HAS. NEVER. SEEN. Ukraine doesn’t hold many cards. Russia holds all the cards. All the cards.
Nothing of any substance. Nothing you can base your economy on, look forward to peace from, even make the proverbial fucking ‘deal’ from. Just superlatives spoken in a manner fit for any playground. Obviously not in the senior school though.
So the markets in the US are positively quaking at the realisation that the tariffs, should they actually start in earnest, will result in massive inflation for Americans as their fuel bills rise if Canada imposes its own taxes. Trump, inevitably, doubled down and raised the tariffs from 25 to 50% but then delayed them. The incoming PM of Canada, Mark Carney, (almost) ‘one of our own’, won’t take shit from Trump, nor donate his nation as the 51st state.
So whilst Trump sees himself as ‘the solution’, most others view him far more as ‘the problem’. Like changing sides in the Ukraine/Russia war every 10 minutes. That helps.
Happy Wednesday
A xxxx
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