I had just finished reading about this event moments before your post! Thinking the whole thing was a bait and switch; pump it up then bring it down. Now I have to get a subscription to Truth Social for the next move!!
As I mentioned in my last comment, trust keeps getting tarnished and no longer useful as collateral for loans to the U.S. This is one more layer of rust on trust.
I had just finished reading about this event moments before your post! Thinking the whole thing was a bait and switch; pump it up then bring it down. Now I have to get a subscription to Truth Social for the next move!!
As I mentioned in my last comment, trust keeps getting tarnished and no longer useful as collateral for loans to the U.S. This is one more layer of rust on trust.
You’re right, Jim... it’s the trust piece that matters most here.
Markets can handle bad news.
They can even handle chaos.
What they can’t handle is the feeling that some people are playing with tomorrow’s headlines today.
That’s when confidence starts to crack… and once that starts, it’s hard to put back together.
And yeah... imagine a world where traders feel they need to monitor Truth Social like it’s a Bloomberg terminal.
I read it somewhere earlier today & wondered how factual it was & if dumpty was behind it all...