The world’s richest people added $304 billion to their combined net worth, the largest one-day gain in the history of the Bloomberg Billionaires Index, after Trump pledged to pause tariffs for some countries
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Paper gains and losses. If they aren’t corrupt they lost $300B last week and gained it back this week. Those that sold last week and bought this week made a killing. Especially if they shorted the market last week. Made money when it crashed and made money when it rebounded. Crooks.
This doesn't come without a cost to the rest of us. The United States cannot be trusted as a partner in trade. Our reputation is damaged thanks to this game of billionaire chicken.
Selfish 🍆s. Everyone else will suffer. Companies are rescinding job offers. Salaries/offers are cut 33-50% for 30 year career workers who take it to get some security (oxymoron). Cost of everything will explode (like eggs) and Corps will make millions in profits. Fuck us, America. You elected this!
So they were all informed beforehand and it was (obviously) insider trading. Got it. Good thing we live in a country that makes that illegal and prosecutes it effectively… Oh wait…
Doesn't need to risk inside trading, all they did was watch the price go up. By comparison a 100k account was down to 80k they won't recoup enough to put them at 90k.
Deep in his heart, Trump is both an environmentalist and a Marxist. To protect the environment, he shuts down international trade and travel. To cause the revolution predicted by Marx, he concentrates all capital in a few oligarchs’ hands and further impoverishes the proletariat.
Let us see how Tesla stocks will do after the earnings report? Maybe Elon will mention his future robotaxi and robots again, and buyers will pay higher besides the dismal earnings report.
And what do they do with that wealth? This just goes to show that the US is the wealthiest country on the planet. The issues are not caused by unfair trade. The people of the US are not ripped off by other nations. It's your wealth being distributed very unfairly.
You mean after Trump purposely manipulated the market and posted on Truth Social it was a great time to buy BEFORE he announced the pause on his bullshit tariffs?
Told you. FOMO isn't a good behavior, because all we need is some patience and understanding in this case. With the current development, retaliating becomes something we shouldn't do.
Of course they did…conveniently, right after DOGEing the investigators and regulatory bodies that might look into market manipulation and insider trading. They were even ballsy enough to do a test run.
Organized market manipulation by the billionaire mafia with the help of the orange fascist at the expense of ordinary Americans and ordinary people in the rest of the world.
Most presidents try to avoid influencing the markets, and the most corrupt president in history is using the markets to steal our money. This stunt broke the US stock market. It's no longer a place to "invest" since he can now manipulate the market at will. A fundamental change in investing.
The market seems to be (wrongly) assuming that people have given Bezos a Pas and ate still happily shopping on amazon as before and haven't cancelled their prime subscriptions...
That’s what this is really all about. It has absolutely zero to do with the financial wellbeing of the majority of hardworking people. I hope this will finally be evident to the many who were misled but suspect some just can’t or won’t understand it.
Our new economic policy on world trade...the long con. While the 1% play games with 'real' money laughing at US who have none by comparison. Oh, by the way, be careful if you disagree with them...
A false rally caused by institutional fund managers and billionaires buying up stock over a 24 hour period in advance of Trumps notice that "oops... I was just kidding". This is pure market manipulation and insider trading to benefit Trump and his friends. And who lost out? The average American.
This is such a scam are you kidding me?
Insider trading all day
@sanders.senate.gov @booker.senate.gov @repjasmine.bsky.social
@democrats-judiciary.house.gov @housedemocrats.bsky.social
Amazing what happens when Trump does nothing. He just cannot accept he was handed a strong economy. Biden is so far in his head since his economic numbers were better. No one is going to clap for deporting college kids. Sorry. Not heroic seems mean.
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https://bsky.app/profile/sodrock.bsky.social/post/3lmfreviuzs2p
Is this clip from a movie or tv show??
https://pmc.ncbi.nlm.nih.gov/articles/PMC9560883/#:~:text=In%20April%20of%202012%2C%20the,et%20al.%2C%202020).
More money for billionaires, less for the rest of us. Disgusting.
all of the millionaires and billionaires making more money while our elderly and veterans lose everything and get thrown on the streets
family Christian values🙄🙄🙄🙄🙄🙄
We must make sure that this truth is the narrative here.
Tax Wealth Not Work
Trump has $13 egg on his face
https://open.substack.com/pub/thewhyexplained/p/why-free-trade-benefits-all-trading?r=1zyu0j&utm_medium=ios
Understandably the #global marketplace #economy is very complex considering the volume of trade between nations
Yet any nation sees free #trade opportunities between its own internal market participants
Like D. Trump, they can take now more loans, and the common people pay for it. A future without democracy, so to say.
A world without democracy is no loss for communist "China".
2. Is it possible someone kept making money all this time?
The rest.... well....oh well.
So glad I can enjoy a splurge later on myself
I am increasingly thinking US institutional investors / analysts are actually pretty dim - or simply behaving as they think a dictator would want them
Insider trading all day
@sanders.senate.gov @booker.senate.gov @repjasmine.bsky.social
@democrats-judiciary.house.gov @housedemocrats.bsky.social