Trump recently "reTruthed" a video that claimed he is intentionally tanking the stock market to drive down interest rates. Today he called on Jerome Powell to lower interest rates despite the fact that there is a massive looming inflation risk.
Who in their right mind would care this much? Real estate investors: https://x.com/GrantCardone/status/1907993458687549892
People were worried about Trump launching a coupe on the government. In the meantime, this is a coupe over the US economy - this is a blatant attempt to hand economic power from business investors to land investors. From industry to land wealth.
Trump is a capitalist trojan horse. He says it himself that he does not believe in competition. That the best/first brand should win and the others should lose. The most famous person should get the job over some nerd. He inherently does not believe in markets as a source of wealth.
Crash the market and let the oligarchs buy up distressed assets...
Oh come on. Not really no. He is purely looking out for one person: himself.
Why would a large commercial real estate investor who's been losing money hand over fist since COVID want to massively lower interest rates and through stocks tanking gain incredible leverage versus companies that rent his properties? It is purely his own personal advantage.
As per usual.
Understood on his personal motives. But his enablers want in on the action too -- that's the whole point of their fealty.
I've had years to deal with this guy's antics and I'm still agog at how well he's created a literal cult. The only thing respectable about him is his acumen for playing the media and the peanut gallery.