Re:Trump temporarily drops tariffs to 10% for most countries
by dataviz1000 on Wednesday April 09, 2025 @08:01PM
(#43639286)
"Gutsy Traders Make $1.5 Billion Triple-Leveraged Bet on Nasdaq 100" [0]
This was Monday morning when it was trading ~$40. It is at $53 now. What is 20% increase on $1.5 Billion? $300,000,000.
[0] https://www.msn.com/en-us/money/markets/gutsy-traders-make-1...
Re:Trump temporarily drops tariffs to 10% for most countries
by arrrg on Wednesday April 09, 2025 @06:56PM
(#43638878)
That doesn’t make sense to me.
Money is not an end. It’s a (one) tool to get there. To the ends you want. To some sort of change in the world you want to achieve.
On that front this is incoherent. I vote incompetence.
Re:Trump temporarily drops tariffs to 10% for most countries
by slg on Wednesday April 09, 2025 @07:26PM
(#43639076)
>Money is not an end. It’s a (one) tool to get there. To the ends you want. To some sort of change in the world you want to achieve.
Maybe for the overwhelming majority of the population, but it simply isn't the mindset of the billionaire class that supports Trump.
Re:Trump temporarily drops tariffs to 10% for most countries
by disqard on Wednesday April 09, 2025 @10:46PM
(#43640161)
I think you're operating in Marx's C-M-C circuit. Nothing wrong with that, of course (I'm that way too).
A lot of the finance folks work in an M-C-M' world, where Money (M) is the alpha and the omega, so you see this kind of (IMO) perverse behavior.
I've found this mental model helpful in explaining these kinds of behavior.
Market manipulation. 1. Sell. 2. Threaten tariffs. 3. Buy. 4. Walk back tariffs threats. 5. Repeat.
With the secret step 0: Pay enough of an Indulgence to get in the loop of when those are going to happen, and to stay in their good graces so the DoJ doesn't hit you for insider trading.