Business Insider headline.
"Why stocks are jumping after 3 days of brutal losses"
Yesterday was not brutal.
The 3 day loss was brutal, and a big chunk of it was yesterday, and the close was not nearly as bad as the low. This was a sequence as bad as 1987
It starts to smell more and more like performance art.
Peter Navarro is the tariff architect.
Elon Musk is the golden boy of DOGE
Today Musk calls Navarro dumber than a sack of bricks? How's that gonna dovetail in the Trump orbit? His two front and center guys slinging mud at each other? I didn't sell jack shit because I figure the US Economy is too big a ship for even these dumbshits to sink, and that there was a fairly high percentage chance this was just a show in order to grift off front running the market with chaos.
If that's true, Musk is the dumbest patsy in the world. If they "come up with a deal!" on tariffs which basically results in not much actually changing, we'll all sail along except that Musk has done permanent damage to his brand, which will be hundreds of billions of real dollars in market cap for Tesla. Shit, now he's even done more damage by ripping on Trump's key appointee - now everyone will hate him!
Thing is - there is video of Trump in the 80's talking about how great tariffs are. So it's not like he never believed this shit and just decided to fuck up the market for a few days so his cronies can exploit it. Is someone pulling his strings, levering off his stupidity to front run a market crash, then organize what's effectively a fake deal that Trump will think is a huge win?
A lot of real people are collateral damage in all this. A lot of suppliers did in fact raise prices on goods based on presumed tariffs, and a lot of small businesses got fucked in the process, even if they do a "nevermind"
We live in the dumbest timeline.
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