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like clockwork (thelemmy.club)
submitted 1 day ago by to c/politicalmemes@lemmy.world
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[–] 3 points 19 hours ago (5 children)

Yes, I understood what you were saying... but I disagree.

Can trump "fix" the world economy by pushing one button? no... can he make things way worse with one message on his garbage truth social? absolutely he can...

So how can you claim he does not have control over immediate market conditions?

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  • [–] -1 points 19 hours ago* (last edited 19 hours ago) (4 children)

    He has spent the majority of the last two years trying to get the fed to lower interest rates and couldn't just do it because of a previously appointed fed chair. Yes he has a lot of power and he can do things that influence the market, and especially can do long term damage. However he can't just pick a day and say "this is the day I'm going to make the stock market crash to make my opponents look bad." The most he can do is a little pump and dumping in that regard because he has such a large mouthpiece and people still listen to the shit that comes out of him.

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  • [–] 2 points 19 hours ago (3 children)

    and couldn’t just do it because of a previously appointed fed chair

    Ok this tells me you don't know how any of that works...

    However he can’t just pick a day and say “this is the day I’m going to make the stock market crash to make my opponents look bad.”

    No? what if he were to sign an executive order banning SpaceX from gov contracts (something he already did for Anthropic), do you think SpaceX stock would be unchanged?

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  • [–] -1 points 19 hours ago (2 children)

    Would definitley cause the stock to move in a predictable way yes. However it would not make or break it. Can you point to anything he has done in the last month to cause tech stocks to fall. Or is it far more reasonable to assume a market that was already experiencing a correction over the last month got fresh news of a different future than stockholders expected.

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  • [–] 2 points 19 hours ago (1 child)

    Would definitely cause the stock to move in a predictable way yes.

    Exactly what you said the orange menace was utterly unable to do.

    However it would not make or break it

    What if he does that, and starts a war and insult allies, and fires a ton of gov employees?... I could go on but it seems you won't take anything as proof of how much BAD influence the orange pedophile has had

    Can you point to anything he has done in the last month to cause tech stocks to fall

    Why would he want tech stock to fall? he has been grifting off them so far... and what's next, are you going to frame it the question in such a narrow way so that it's literally impossible for me to answer?

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